Live updates: Follow the latest news on Israel-Gaza
The US was “deeply” involved in negotiating an extension to the four-day truce agreement between Israel and Hamas, the White House said on Monday, as it welcomed Qatar's announcement that the pause in fighting in Gaza would be extended for a further two days.
US President Joe Biden was “deeply engaged on this process throughout the Thanksgiving weekend”, White House National Security Council spokesman John Kirby told reporters.
Qatar and Hamas announced the two-day extension of the truce that has seen Hamas release dozens of Israeli and international hostages in exchange for more than 100 Palestinians held in Israeli jails. Another exchange was planned for Monday night.
Under the terms of the original truce agreement, a two-day extension would mean the release of 20 more hostages.
Mr Biden spoke with Emir Sheikh Tamim of Qatar at “a very critical moment to help resolve an impasse on the second day of the pause”, Mr Kirby added, declining to give details on what that impasse was.
The White House said it hopes Americans will be included in the next hostage release made possible under the truce extension, but could not confirm if that would happen.
Mr Kirby added that he believes there are “less than 10" American hostages, “but we don't necessarily have firm solid information on each and every one of them”.
The development came after Washington and the world celebrated the release of four-year-old Israeli-American Abigail Mor Edan from Hamas as part of a release of 13 more hostages.
Mr Biden on Sunday declared: “Thank God she is home.”
The US President also indicated that Washington believes “there are probably other militant groups” other than Hamas in control of the remaining hostages, but added “we are not sure”.
The pause in Israel's bombardment of Gaza, which has killed nearly 15,000 Palestinians over the past several weeks, has also allowed for an increase in aid deliveries to the enclave.
The White House said on Monday that Gaza recently received “the biggest humanitarian convoy” since October 7, which included 200 lorries “dispatched to the Rafah crossing and 137 lorries of supplies were offloaded by the United Nations”.
Mr Kirby said Washington “has prioritised getting this much needed relief in the Gaza”, despite the administration's doubling down on support for Israel and moving to provide billions more in funding to the Israeli military as it continued its air, ground, and sea campaign.
“Every single day, and this is the part of this hostage deal that probably doesn't get as much attention as it deserves, has allowed for a surge of humanitarian assistance into Gaza,” he added.
“We're going to take advantage of every hour of every day that there's a pause to try to help the people of Gaza.”
Meanwhile, UN Secretary General Antonio Guterres said the extension was “a glimpse of hope and humanity in the middle of the darkness of war”.
“I strongly hope that this will enable us to increase even more the humanitarian aid to the people in Gaza that is suffering so much, knowing that even with that additional amount of time, it will be impossible to satisfy all the dramatic needs of the population,” Mr Guterres said.
The latest from the Israel-Gaza war – in pictures
COMPANY PROFILE
Name: Cofe
Year started: 2018
Based: UAE
Employees: 80-100
Amount raised: $13m
Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
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- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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