Naftali Bennett, who on Sunday replaced Israel's veteran premier Benjamin Netanyahu, is a multi-millionaire former tech entrepreneur who made his name in politics with hardline religious-nationalist rhetoric.
The 49-year-old, who has made pitches to hard-right voters throughout his career, leads the Yamina party, which has called for Israel to annex parts of the occupied West Bank.
A bald politician with a discreet kippa and perfect American English, he is ultra-liberal on the economy and takes a hard line against Israel's arch-enemy, Iran.
He shares this ideology with Mr Netanyahu and has served in several of the Likud leader's governments, but in recent years the two have become increasingly opposed.
In the aftermath of 11 days of deadly fighting with Palestinian militants in the Gaza Strip, Mr Bennett finally agreed to join centrist Yair Lapid in a coalition to oust the prime minister, who has been in power for 12 consecutive years as well as an earlier three-year term.
Mr Lapid and Mr Bennett will share power, letting Mr Bennett serve the first term in a rotating premiership.
Mr Bennett, in a Knesset speech before Sunday's vote, promised the new government, a coalition of ideologically divergent parties, "represents all of Israel".
He said the country, after four inconclusive elections in under two years, had been thrown "into a maelstrom of hatred and in-fighting".
"The time has come for different leaders, from all parts of the population, to stop, to stop this madness", he said, to angry shouts of "liar" and "criminal" from right-wing opponents.
Religious-nationalist Yamina won seven seats in the country's last general elections in March, although one member has refused to join an anti-Netanyahu coalition.
A controversial past
A former special forces commando, Mr Bennett is the son of US-born parents and lives with his wife Galit and four children in the central city of Raanana.
In 1996, he led a commando unit against Hezbollah during fighting in southern Lebanon. He was later blamed by Israeli publication Yedioth Ahronoth for the Qana massacre, in which at least 106 Lebanese civilians were killed by Israeli artillery fire. Four UN peacekeepers were among the wounded.
Over 800 civilians had been taking shelter from fighting in a UN compound. Mr Bennett was accused of setting off a chain of events that led to the deadly artillery strike, a charge he denies.
After leaving the army, he launched tech start-up which he eventually sold for $145 million in 2005, and the next year became chief of staff to Mr Netanyahu, who was then in opposition.
After leaving Mr Netanyahu's office, Mr Bennett in 2010 became head of the Yesha Council, which lobbies for Jewish settlers in the West Bank.
He took politics by storm in 2012 by taking charge of the hard-right Jewish Home party, which was facing annihilation.
He increased its parliamentary presence fourfold, while making headlines with a series of incendiary comments about the Palestinians.
In 2013, he said Palestinian "terrorists should be killed, not released".
He also argued that the West Bank is not under occupation because "there was never a Palestinian state here", and that the Israeli-Palestinian conflict could not be resolved but must be endured, like a piece of "shrapnel in the buttocks".
Beyond holding the defence portfolio, Mr Bennett has served as Mr Netanyahu's economy minister and education minister.
He rebranded Jewish Home as Yamina (Rightward) in 2018, and was part of Mr Netanyahu's coalition that collapsed in the same year.
He was not asked to join a Netanyahu-led unity government in May last year – a move seen as an expression of the premier's personal contempt towards him, despite their shared ideology.
In opposition and with the coronavirus pandemic raging in 2020, Mr Bennett dampened his right-wing rhetoric to focus on the health crisis, moving to broaden his appeal by releasing plans to contain the virus and aid the economy.
"In the next years we need to put aside politics and issues like annexation or a Palestinian state, and focus on gaining control over the coronavirus pandemic, healing the economy and mending internal rifts," he told Israel's widely listened-to Army Radio in November.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Tuesday's fixtures
Kyrgyzstan v Qatar, 5.45pm
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The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
Super Bowl LIII schedule
What Super Bowl LIII
Who is playing New England Patriots v Los Angeles Rams
Where Mercedes-Benz Stadium in Atlanta, United States
When Sunday (start time is 3.30am on Monday UAE time)
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Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
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Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
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
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
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
The specs
Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km
The specs: 2018 Bentley Bentayga V8
Price, base: Dh853,226
Engine: 4.0-litre twin-turbo V8
Transmission: Eight-speed automatic
Power: 550hp @ 6,000pm
Torque: 770Nm @ 1,960rpm
Fuel economy, combined: 11.4L / 100km
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now