Live updates: Follow the latest news on Israel-Gaza
At a hillside cafe in a small Israeli settlement in the occupied West Bank, Ronel Barak and her family busily prepare food for dozens of army reservists called up in the aftermath of the October 7 Hamas attack on southern Israel.
Since Israel declared war on Gaza after the surprise Hamas attack that killed 1,200 people, Ms Barak and her family have been providing free meals of rice, schnitzels and other staples for the soldiers stationed in the area known as the South Hebron Hills.
“Our coping mechanism was to start to feed the soldiers for free,” Ms Barak said. “To help in whatever way we can.”
Ms Barak, 58, lives in Mitzpe Yair, a collection of homes overlooking Masafer Yatta, a group of tiny Palestinian hamlets scattered across the arid hills of South Hebron.
According to the Israeli non-profit organisation B’Tselem, which monitors Israeli settlement activity, about 4,000 Palestinians live in the 30 villages in Masafer Yatta.
Both communities are part of Area C, the tracts of West Bank land that make up the majority of the occupied territory. Area C is under full Israeli control, but under the 1993 Oslo Accords it was supposed to be gradually transferred to the Palestinian Authority.
For several reasons, that never happened and the Oslo Accords collapsed.
Israel remains in full control and the communities of the South Hebron Hills are now at the centre of a fight for land that strikes at the very core of the decades-long conflict.
Area C makes up more than 60 per cent of the occupied West Bank. Israeli settlers like Ms Barak refer to the area as Judea and Samaria and believe it is their right as Jews to live there.
“A fundamental part of being Jewish is living in Israel,” Ms Barak told The National.
“And the question is, what do I see as Israel and what does the world see as Israel? For me this is Israel,” she said referring to the deeply contested land she lives on.
Israeli settlements and outposts are communities built on land occupied by Israel since the 1967 War. They are considered illegal under international law, but Israel contests this.
Israeli settlers have been allowed to build American-style, luxury suburban neighbourhoods. Large stone homes with red-tiled roofs dot the carefully planned and heavily guarded communities.
Homes can fetch millions of dollars and schools, playgrounds and neighbourhood cafes feature prominently. The Palestinian villages, by contrast, often lack even basic amenities such as sewerage and running water.
Ms Barak, who emigrated from her native South Africa to Israel in 2010, said she does not believe in a two-state solution.
“I really believe we need to find the solution together and not in separation,” she said. “I don't think we are big enough for separation.”
Human rights groups accuse settlers of actively working to change the demographics of the area in favour of Israel, making any future Palestinian state difficult to envision.
“In general, the aim and thrust of the settlement movement is to prevent the two-state solution,” said Roy Yellin, director of public outreach at B’Tselem.
Indeed, an aerial view of the West Bank reveals increasingly isolated pockets of Palestinian-controlled areas.
“If you look at the map you see we Israelis are keeping the Swiss cheese and Palestinians are left with the holes,” Mr Yellin told The National.
Pro-settler groups accuse Palestinians of doing the exact same thing. They claim the development of Palestinian villages and olive groves, often on land immediately abutting Israeli settlements, is illegal.
These groups say the Israeli government and the international community, particularly the European Union, are protecting Palestinians living in Area C even though it is ostensibly under Israeli control.
“The fact that Israel has allowed this to happen because of international pressure makes it even more complicated and makes it even less likely to arrive at a negotiated resolution,” said Naomi Kahn, director of the international division of Regavim, an organisation that says it is dedicated to the preservation of Israel’s national land.
Israeli settlements – in pictures
While the vast majority of Israeli settlements in the West Bank are filled with modern amenities, most Palestinian villages in Masafer Yatta consist of tent-like structures and makeshift homes. According to Regavim, construction has intensified in recent years.
Settler groups say the communities are illegal because Israel refuses to grant Palestinians building permits. They express frustration at the state for not doing more to deter them.
Since Israel’s far-right government led by Prime Minister Benjamin Netanyahu came to power in December 2022, there has been a significant increase in settlement activity as well as settler violence.
Palestinians driven from land
Settlers have stormed Palestinian communities and forced people from their homes. Palestinians say the situation has deteriorated further since October 7.
In 2022 and the first eight months of 2023, 1,105 Palestinians and four communities were displaced.
Since the October 7 attack on southern Israel, 1,014 people have been forced from their homes, according to the UN Office for the Co-ordination of Humanitarian Affairs (Ocha).
Ocha has reported 284 incidents of settler violence since October 7.
In Khirbet Zanuta, residents say settlers chased people from their homes earlier this month, one of more than 90 incidents recorded by Yesh Din, which tracks settler violence.
In a video provided by B’Tselem to The National, settlers can be seen carrying assault rifles and yelling at Palestinians in Mu’arajat, near Jericho.
At one point in the video, a settler appears to hit someone with the butt of his gun, before flipping it forward, cocking it and then aggressively pointing it in the direction of several people.
Settler rights groups say settler violence is rare and anybody who commits it should be arrested, but that rarely happens.
But as the opposing groups race to secure land, confrontation appears inevitable.
“This is forcing the entire issue to the point of confrontation, and there's no peaceful way to solve that,” Ms Kahn said of Palestinians building homes in Area C.
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One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
Zayed Sustainability Prize
RESULTS
1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m
Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)
2pm Handicap (TB) Dh 84,000 (D) 1,400m
Winner Karaginsky, Tadhg O’Shea, Satish Seemar.
2.30pm Maiden (TB) Dh 60,000 (D) 1,200m
Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.
3pm Conditions (TB) Dh 100,000 (D) 1,950m
Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.
3.30pm Handicap (TB) Dh 76,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
4pm Maiden (TB) Dh 60,000 (D) 1,600m
Winner Bladesmith, Tadhg O’Shea, Satish Seemar.
4.30pm Handicap (TB) Dh 68,000 (D) 1,000m
Winner Shanaghai City, Fabrice Veron, Rashed Bouresly.
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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
MATCH INFO
UAE Division 1
Abu Dhabi Harlequins 12-24 Abu Dhabi Saracens
FROM%20THE%20ASHES
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
Most wanted allegations
- Benjamin Macann, 32: involvement in cocaine smuggling gang.
- Jack Mayle, 30: sold drugs from a phone line called the Flavour Quest.
- Callum Halpin, 27: over the 2018 murder of a rival drug dealer.
- Asim Naveed, 29: accused of being the leader of a gang that imported cocaine.
- Calvin Parris, 32: accused of buying cocaine from Naveed and selling it on.
- John James Jones, 31: allegedly stabbed two people causing serious injuries.
- Callum Michael Allan, 23: alleged drug dealing and assaulting an emergency worker.
- Dean Garforth, 29: part of a crime gang that sold drugs and guns.
- Joshua Dillon Hendry, 30: accused of trafficking heroin and crack cocain.
- Mark Francis Roberts, 28: grievous bodily harm after a bungled attempt to steal a £60,000 watch.
- James ‘Jamie’ Stevenson, 56: for arson and over the seizure of a tonne of cocaine.
- Nana Oppong, 41: shot a man eight times in a suspected gangland reprisal attack.
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports