Iraqi Defence Minister Thabet Al Abbasi said the assassination of Hamas political leader Ismail Haniyeh in late July had delayed the announcement. AFP
Iraqi Defence Minister Thabet Al Abbasi said the assassination of Hamas political leader Ismail Haniyeh in late July had delayed the announcement. AFP
Iraqi Defence Minister Thabet Al Abbasi said the assassination of Hamas political leader Ismail Haniyeh in late July had delayed the announcement. AFP
Iraqi Defence Minister Thabet Al Abbasi said the assassination of Hamas political leader Ismail Haniyeh in late July had delayed the announcement. AFP

Iraqi Defence Minister confirms agreement with US for troop pull-out


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Iraq and the US have agreed on a two-year plan for the withdrawal of the US-led anti-ISIS International Coalition but have yet to sign a final agreement, the Iraqi Defence Minister said on Sunday.

The announcement by Thabet Al Abbasi on the pan-Arab Al Hadath satellite channel is the first official statement from the Iraqi government on the agreement reported by The National.

“After several rounds, seven or eight, for the higher military committees between the Iraqi and the US sides, we reached a principle through which we will operate, which is the principle of withdrawal and transitioning the relationship into a sustainable security partnership,” Mr Al Abbasi said.

During his visit to Washington in late July, Iraq and the US agreed the coalition would withdraw from bases in Baghdad and other parts of federal Iraq by September 2025, and from the autonomous northern Kurdistan region by September 2026, he said.

“We were surprised later during our meeting with the US Secretary of Defence [Lloyd] Austin who said that the two years were not enough," Mr Al Abbasi said. “We refused his proposal regarding an [extra] third year."

The escalation in the region and the assassination of Hamas political leader Ismail Haniyeh in Tehran in late July had delayed the announcement, he said.

“We are moving forward with our plan and we have established the understandings, and maybe we will sign the agreement within the next few days,” Mr Al Abbasi said.

Baghdad and Washington have been engaged in months of talks on a withdrawal of forces. The US has about 2,500 troops in Iraq and 900 in Syria as part of the international coalition against ISIS.

Coalition forces have been hit dozens of times with drones and rocket fire in Iraq and Syria, as violence related to the Israel-Hamas war in Gaza since early October has drawn in Iran-backed armed groups across the Middle East.

US forces have carried out retaliatory strikes against these groups in both countries.

ISIS seized parts of Iraq and Syria in 2014 and was defeated by Baghdad three years later and in Syria in 2019. But its fighters continue to operate in remote desert areas, although they no longer control any territory. Iraqi security forces say they are capable of tackling ISIS remnants unassisted, as the group poses no significant threat.

Biography

Favourite book: Zen and the Art of Motorcycle Maintenance

Holiday choice: Anything Disney-related

Proudest achievement: Receiving a presidential award for foreign services.

Family: Wife and three children.

Like motto: You always get what you ask for, the universe listens.

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Key features of new policy

Pupils to learn coding and other vocational skills from Grade 6

Exams to test critical thinking and application of knowledge

A new National Assessment Centre, PARAKH (Performance, Assessment, Review and Analysis for Holistic Development) will form the standard for schools

Schools to implement online system to encouraging transparency and accountability

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

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

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

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Updated: September 09, 2024, 11:57 AM