Live updates: Follow the latest on Israel-Gaza
The French Foreign Minister is set to visit Lebanon on Saturday as violence between Israel and Hezbollah along the border intensifies.
This is Stephane Sejourne's second visit in the region since February, as part of a western diplomatic push to de-escalate tension on the frontier.
It comes a week after French President Emmanuel Macron's meeting with Lebanon's Prime Minister Najib Mikati and army chief Joseph Aoun in Paris.
“There is renewed momentum for diplomacy on the Lebanese front as the focus has now shifted away from the Iran-Israel escalation,” a western diplomatic source told The National.
Iran's unprecedented attack on Israeli soil, in retaliation for a deadly attack on the Iran consulate in Damascus, had sparked fears of regional escalation of the Gaza war.
Though Israel's measured retaliation, to which Iran said it has no plans to respond, has soothed fears of a conflagration, tension continues to rise on the Lebanese border.
Hezbollah, which is backed by Iran and allied with Hamas, has escalated its attacks. This month alone saw the highest Israeli casualties reported in a single attack as well as Hezbollah's deepest strike into Israel.
“There is a surge in violence on the Israel- Lebanese front the past 10 days,” the diplomatic source said.
Israel has set a deadline of September for tens of thousands of evacuees to return safely to their homes near the northern border, as it is currently impossible due to Hezbollah, a much stronger militia than Hamas, holding positions a few metres away on the other side of the border.
“Such a deadline means there's a risk of war in the summer if a diplomatic solution is not found.”
Israel has repeatedly threatened a full-scale war if Hezbollah does not move its forces away from the border.
Mr Sejourne is set to meet Parliament Speaker Nabih Berri, Mr Mikati and Mr Aoun.
French proposal
France in February presented to Lebanese authorities the first written proposal to end border hostilities. The US is also leading a separate initiative spearhead by its envoy Amos Hochstein, who mediated a maritime deal between the two countries.
France is a former colonial power that has maintained a strong influence over the small Mediterranean country.
The plan proposes the withdrawal of certain Hezbollah elements along the border to facilitate the safe return of displaced Israelis.
In exchange, Israel would cease air and artillery strikes within Lebanon, and, ultimately, halt its flights over Lebanese territory.
The Lebanese Armed Forces would be deployed to the area to ensure the creation and maintenance of a buffer zone.
Lebanon and Israel would then resume negotiations on delimiting the 13 disputed points along the border.
“The main lines remain unchanged, only details are being discussed,” the diplomatic source said.
Hezbollah has repeatedly said that there will be no talks to end border hostilities without a ceasefire in Gaza. Diplomatic sources suggest that the French initiative in Lebanon is only intended to lay the groundwork for negotiations once a ceasefire is reached.
Peace talks are at a complete standstill as Prime Minister Benjamin Netanyahu has threatened to soon launch an offensive into Rafah, the southern Gazan city where more than one million displaced Palestinians are estimated to be sheltering.
Hezbollah opened a front on the Israel-Lebanon border to divert Israel's military capabilities away from its operations in Gaza on October 8. Since then, at least 382 people have been killed in Lebanon, including dozens of civilians, according to an AFP tally.
Israel says 11 soldiers and nine civilians have been killed on its side of the border.
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
If you go
The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at.
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
Company Profile
Founder: Omar Onsi
Launched: 2018
Employees: 35
Financing stage: Seed round ($12 million)
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
Tewellah by Nawal Zoghbi is out now.
The biog
Most memorable achievement: Leading my first city-wide charity campaign in Toronto holds a special place in my heart. It was for Amnesty International’s Stop Violence Against Women program and showed me the power of how communities can come together in the smallest ways to have such wide impact.
Favourite film: Childhood favourite would be Disney’s Jungle Book and classic favourite Gone With The Wind.
Favourite book: To Kill A Mockingbird for a timeless story on justice and courage and Harry Potters for my love of all things magical.
Favourite quote: “We make a living by what we get, but we make a life by what we give.” — Winston Churchill
Favourite food: Dim sum
Favourite place to travel to: Anywhere with natural beauty, wildlife and awe-inspiring sunsets.
The five pillars of Islam
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
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