Live updates: Follow the latest on Israel-Gaza
The standstill traffic between Sidon and Beirut convinced many people fleeing Israel's intensive air assault on Monday to pull over. For some, it was a rest from hours of driving in congestion. For others, it was an opportunity to assess and co-ordinate their next steps.
Where would they sleep that night? If the war continued, where would they live? What had become of the homes and belongings they had left behind?
“The house was bombed right after we left it,” said Hayat Al Hajj, an older woman from the southern Lebanese village of Ansar, which had been relatively untouched by Israel's bombardment until this week. "Right as we were leaving our house was destroyed right in front of us."
Ms Al Hajj's nephew, holding his phone up to indicate that he had just watched a video, interjected to tell her: "Ansar has been completely destroyed. Forget it. Not a single house left standing."
An extensive air campaign announced by Israel earlier that morning has so far killed at least 492 people, including 35 children and 58 women, and wounded 1,645. The toll is expected to rise.
Ms Al Hajj and her family had been parked along the motorway heading north for at least six hours, she told The National. Like thousands of others, they were trying to co-ordinate a place to live with relatives and solidarity groups.
Fleeing families were packed into lorries and vans loaded with mattresses, clothing and belongings, racing to find refuge away from the south. A petrol station owner told The National that so many people had fled that his station had run out of fuel.
His employees distributed water bottles to stuck families. Rest stops and bakeries along the road were crowded with families stocking up on provisions.
Suddenly, the Hajj family set off: they had found a place in Bchamoun, in the mountains.
Ms Al Hajj's daughter Najat said they were lucky: “When you see how congested Saida is with people escaping, it really makes you wonder where they'll go."
By Monday afternoon, Lebanon's government had opened schools and other vocational institutes for displaced people with no other housing to take shelter.
Israel intensified its air campaigns on Lebanon after an unprecedented week of attacks on Hezbollah, including an Israeli air strike in Beirut that was aimed at a senior Hezbollah commander along with top members of the group, killing at least 70 people, including civilians.
Israeli military's spokesman Admiral Daniel Hagari ordered Lebanese civilians on Monday morning to stay away from Hezbollah-controlled areas or leave immediately, as the Israeli army would “engage in extensive, precise strikes against targets embedded widely throughout Lebanon”.
Lebanese telecoms company Ogero reported at least 80,000 suspected Israeli call attempts across the country, telling people to vacate their areas, sparking panic among civilians.
Later on Monday, Health Minister Firass Abiad said that “thousands of families from the targeted areas have been displaced”.
Fadwat, 35, is among them. She hurriedly left the southern town of Burj El Chemali with her toddlers in the early hours of the morning, grabbing what few belongings she could before piling into a car with her relatives. Hours later, she sat on the road trying to figure the situation out.
“We're used to this, it's been like this since the '70s,” she said. “But it's the children I'm worried about. They don't know what's happening around them. My job is to take care of them, and I don’t want them to experience this.”
Her son Ali, eight, pointed at Israeli jets as they released their distinctive trails in the sky. He was looking forward to school on Tuesday, but classes have now been suspended in most regions. Instead of accommodating pupils, classrooms will now house displaced families.
'Worst day'
Mohamed Ghamloush, a resident in the southern city of Sidon, further from the bombing, told The National that the situation in the city is “insane", with people from the south rushing to leave and roads blocked.
“Cars are going in every direction. I'm more afraid of accidents than of air raids,” he said. “It's completely insane.”
“It's a bit chaotic here,” Farah M, 34, a Palestinian Lebanese in Sidon, told The National. “We don't know where the next strike will hit. Some family members are moving to Beirut – others are coming here. And with children involved, it's hectic.
Mr Ghamloush decided to return to his village near the border to pick up his wife, who had stayed behind. “I have to go back. Everyone is telling me not to, but I can't leave her alone. She’s extremely scared.”
On his way, he told The National he saw many residents fleeing in cars, while others were walking on foot because they had no means of transport.
Co-ordination groups in the town of Jiyeh, in southern Lebanon, have begun opening schools and empty houses to host displaced people. WhatsApp groups have been set up in solidarity, where those willing to open their homes share their contact details en masse.
This is the worst it’s been since the war started
Wafa Raghda,
resident of southern Lebanon
Two estate agents based in Beirut said they were receiving constant calls from people fleeing the shelling and trying to find temporary accommodation in Beirut.
“Since yesterday and this morning, people are looking for a place in the safer areas of Beirut for one week to one year,” one of the agents from Beirut Living Real Estate said, adding that he had taken at least 60 calls that day.
But some were not able to leave. Wafa Raghda, 42, from Burj El Moulouk near the border with Israel told The National that she was stuck between two bombed areas and has no option but to stay. There is no safe shelter for her and her children, who usually take refuge in the bathroom during shelling.
“My children are extremely scared,” she told The National over the phone. “This is the worst it’s been since the war started. It's extremely dangerous. I'm right across from the plain that is being bombed and the house is shaking.”
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It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
Our Time Has Come
Alyssa Ayres, Oxford University Press
SPECS
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Last five meetings
2013: South Korea 0-2 Brazil
2002: South Korea 2-3 Brazil
1999: South Korea 1-0 Brazil
1997: South Korea 1-2 Brazil
1995: South Korea 0-1 Brazil
Note: All friendlies
Euro 2020
Group A: Italy, Switzerland, Wales, Turkey
Group B: Belgium, Russia, Denmark, Finland
Group C: Netherlands, Ukraine, Austria,
Georgia/Kosovo/Belarus/North Macedonia
Group D: England, Croatia, Czech Republic,
Scotland/Israel/Norway/Serbia
Group E: Spain, Poland, Sweden,
N.Ireland/Bosnia/Slovakia/Ireland
Group F: Germany, France, Portugal,
Iceland/Romania/Bulgaria/Hungary
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari
RESULT
Bournemouth 0 Southampton 3 (Djenepo (37', Redmond 45' 1, 59')
Man of the match Nathan Redmond (Southampton)
Barbie
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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
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
More from our neighbourhood series:
Employment lawyer Meriel Schindler of Withers Worldwide shares her tips on achieving equal pay
Do your homework
Make sure that you are being offered a fair salary. There is lots of industry data available, and you can always talk to people who have come out of the organisation. Where I see people coming a cropper is where they haven’t done their homework.
Don’t be afraid to negotiate
It’s quite standard to negotiate if you think an offer is on the low side. The job is unlikely to be withdrawn if you ask for money, and if that did happen I’d question whether you want to work for an employer who is so hypersensitive.
Know your worth
Women tend to be a bit more reticent to talk about their achievements. In my experience they need to have more confidence in their own abilities – men will big up what they’ve done to get a pay rise, and to compete women need to turn up the volume.
Work together
If you suspect men in your organisation are being paid more, look your boss in the eye and say, “I want you to assure me that I’m paid equivalent to my peers”. If you’re not getting a straight answer, talk to your peer group and consider taking direct action to fix inequality.
MATCH INFO
Uefa Champions League last 16, first leg
Liverpool v Bayern Munich, midnight, Wednesday, BeIN Sports
HAJJAN
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
The biog
Name: Timothy Husband
Nationality: New Zealand
Education: Degree in zoology at The University of Sydney
Favourite book: Lemurs of Madagascar by Russell A Mittermeier
Favourite music: Billy Joel
Weekends and holidays: Talking about animals or visiting his farm in Australia
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