An explosion in Damascus during an Israeli air raid in 2021. EPA
An explosion in Damascus during an Israeli air raid in 2021. EPA
An explosion in Damascus during an Israeli air raid in 2021. EPA
An explosion in Damascus during an Israeli air raid in 2021. EPA

Explosions rock Damascus in suspected Israeli air strike


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Loud explosions were heard around Damascus on Sunday morning, amid reports of suspected Israeli air strikes around the capital. Several war monitors on social media said the explosions were probably Israeli air strikes, after at least 22 Israeli air attacks on Syria this year so far.

The state-linked Sana news outlet reported the explosions but said the cause was currently unclear, while several images on social media showed a large fiery blast, said to be in Qudsaya.

Qudsaya is a neighbourhood on the edge of the capital that has been the target of several Israeli air strikes in recent years.

Residents of the Damascus region heard the blasts which came from "the warehouses of pro-Iran militias" in a mountainous area east of the capital, said the Britain-based Syrian Observatory for Human Rights, which relies on a wide network of sources inside Syria.

"We don't know if it was from an air strike or ground operation," Observatory head Rami Abdel Rahman told AFP.

Last week, heavy Israeli air strikes, reportedly targeting ammunition storage warehouses, killed at least four Syrian soldiers and according to the Syrian Observatory for Human Rights, a conflict monitor with sources across Syria, two Iran-linked militia fighters.

Since 2012, the Israeli air force has conducted hundreds of air strikes in Syria, mostly attacking suspected storage sites for Iranian missiles supplied to allies of Tehran, including the Syrian army and allied Iraqi Shiite militias. The Israeli military acknowledges the air campaign, but rarely comments on individual air strikes.

Analysts say Iran has been trying to open a third "missile front" against Israel over the Israeli-occupied Golan Heights, presenting a new challenge to the Israeli army, which faces Lebanese Hezbollah on its northern border.

The Lebanese militia is thought to possess at least 100,000 rockets, while to Israel’s south, the Hamas-run Gaza enclave has been the site of numerous rounds of violence, including rocket fire and Israeli air strikes.

Israel has lost one F-16 jet to enemy fire during its air campaign over Syria, in February 2018. Before the onset of the Syrian civil war, which saw much of the country fall under the control of rebel groups, including militant Islamists, Syria had a substantial air defence network, thought to comprise 150 units of surface-to-air missile systems, according to the International Institute of Strategic Studies.

The war and concurrent Israel air strikes have severely weakened this defence system.

 

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De De Pyaar De

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A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.

A three-storey penthouse at Chelsea Waterfront bought for £22 million.

Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

Sale of Chelsea Football Club is now impossible.

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

UAE currency: the story behind the money in your pockets
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

Updated: August 13, 2023, 11:14 AM