Live updates: Follow the latest on Israel-Gaza
Israeli warplanes struck areas in Syria near the border with Lebanon overnight, ahead of a ceasefire expected to be announced between Israel and Hezbollah. But observers said it was unlikely any truce in Lebanon would also extend to Israeli attacks on the group elsewhere in the region.
Israel has acknowledged carrying out hundreds of strikes in Syria in the past decade, saying it has attacked Iranian sites and allied groups, including Hezbollah. However, strikes on Syria have been more frequent since the Lebanese group started attacking Israel in support of Gaza in October last year, sparking the current cross-border war.
The latest strikes hit Qusayr, in western Syria, destroying infrastructure reportedly used by the Iran-backed group to transport weapons crucial to its 13-month fight with Israel, sources in the area say.
The attacks came a week after Israel conducted one of its biggest raids in an intensified air campaign aimed at curbing Iran's proxies in Syria. The strikes killed at least 36 people in compounds in Palmyra, a central desert area that forms a main part of a supply line from Iraq in the east to Qusayr in the west. Syrian state media described the dead as "martyrs", without specifying their identity.
"We can now say that almost all of the roads to Lebanon have been cut," said a resident of Qusayr.
Another source said several bridges and overpasses in Qusayr, leading to unofficial crossings with Lebanon, were hit, as well as the official Jousiya border crossing. Syrian state media said two civilians were injured in the attacks, while sources in the Syrian opposition to President Bashar Al Assad said the dead were two members of Hezbollah.
The value of Qusayr to Hezbollah rose after Israel, over the past two months, bombed areas in the adjacent Bekaa Valley, which is connected to southern Lebanon, the main theatre in the Israel-Hezbollah war.
A ceasefire agreement to end the war in Lebanon is expected to be announced on Tuesday, one senior Lebanese official said. Authorities in the US, which is brokering the deal, also expect an agreement but have warned it is not certain.
A European diplomat specialising in Syrian affairs said there was no expectation for Israeli operations in Syria to ease even if a ceasefire is reached in Lebanon. The diplomat said that, throughout the talks on the ceasefire, Israel "has been very reluctant to give up the right of preventive strike capabilities".
"Logically, this would be applied to Syria and even Iraq," the diplomat said.
Hezbollah poured reinforcements into Syria when authorities there launched a violent suppression of a peaceful protest movement that started in March 2011. The group has also supervised Shiite Iraqi militias sent by Iran's Islamic Revolutionary Guard Corps to Syria at the same time.
By the end of the year, Syria was mired in civil war, with Hezbollah becoming the enforcer of Iran-controlled corridors crossing the country. These areas, Arab and western intelligence officials say, have become the backbone of Iranian weapons storage, assembly and development facilities geared to supply Iran's regional non-state allies.
Two military specialists in the Syrian opposition said the Palmyra attack has indicated that Israel's intention is to deepen its regional air campaign, a Lebanon ceasefire not withstanding.
"It is difficult to imagine that Israel will let Hezbollah and the other militias maintain military threat capabilities in Syria, and even in Iraq," one specialist said.
Third Test
Result: India won by 203 runs
Series: England lead five-match series 2-1
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
Profile of Whizkey
Date founded: 04 November 2017
Founders: Abdulaziz AlBlooshi and Harsh Hirani
Based: Dubai, UAE
Number of employees: 10
Sector: AI, software
Cashflow: Dh2.5 Million
Funding stage: Series A
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
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Opening weekend Premier League fixtures
Weekend of August 10-13
Arsenal v Manchester City
Bournemouth v Cardiff City
Fulham v Crystal Palace
Huddersfield Town v Chelsea
Liverpool v West Ham United
Manchester United v Leicester City
Newcastle United v Tottenham Hotspur
Southampton v Burnley
Watford v Brighton & Hove Albion
Wolverhampton Wanderers v Everton