Live updates: Follow the latest on Israel-Gaza
Countries across the Middle East are backing Cairo in its dispute with Israel over the Salah Al Din corridor along the border between Gaza and Egypt.
Its status would form a key part of any ceasefire deal between Israel and Hamas in Gaza, but Israeli Prime Minister has repeatedly said he will not consider removing an Israeli military presence from the area.
In a sign of US and Israeli positions diverging, the US said on Tuesday said any deal must include a full withdrawal from the area, which was occupied by Israel in May.
The Salah Al Din corridor – also known as the Philadelphi Corridor – was intended to be a demilitarised zone after Israel's peace agreement with Egypt in 1979. Egypt has said it will not accept any Israeli presence in the corridor and is insisting on a return to the status quo before the Israel-Gaza war began. This involved Egypt operating the Rafah crossing, which is on the corridor, under Palestinian supervision.
Mr Netanyahu on Wednesday told briefing to foreign journalists in Tel Aviv that withdrawing from Salah Al Din was a “red line”. He repeated accusations that Salah Al Din was being used to bring weapons into Gaza, having earlier criticised Egypt for a “failure to secure” the corridor.
The Israeli leader said a ceasefire deal which included Israel leaving the corridor would “kill us”.
“There won't be a deal that way,” said Mr Netanyahu.
Countries including the UAE, Saudi Arabia, Qatar and Oman have criticised Netanyahu’s stance on the 14-kilometer long corridor, expressing solidarity with Egypt.
The UAE's Foreign Ministry said it “condemned and denounced in the strongest terms the offensive Israeli statements” regarding the corridor.
“The Ministry called on Israeli authorities to de-escalate and avoid exacerbating tensions and instability in the region, affirming the UAE's rejection of all practices that violate resolutions on international legitimacy and threaten further escalation,” a statement read.
Oman's foreign ministry also offered solidarity with Egypt over the corridor, “rejecting and condemning the statements of the Israeli occupation government regarding the Philadelphi Corridor in the Gaza Strip”.
Saudi Arabia also joined in warning Israel that its insistence on keeping control of Salah Al Din, and making other provocative statements, could derail mediation efforts to bring the conflict to a ceasefire.
The Jordanian Foreign Ministry also rejected Israel's statements, saying they were “baseless allegations aimed at obstructing the mediation efforts” and expressed solidarity with Egypt.
yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
MATCH INFO
What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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