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.
KILLING OF QASSEM SULEIMANI
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Vaccine Progress in the Middle East
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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
The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T
Price, base: Dh840,000; Dh120,000
Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo
Transmission: Eight-speed automatic; seven-speed automatic
Power: 509hp @ 6,000rpm; 601hp @ 7,500rpm
Torque: 695Nm @ 2,000rpm; 760Nm @ 3,000rpm
Fuel economy, combined: 9.9L / 100km; 11.6L / 100km
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances