Lebanon elects Joseph Aoun as president in crucial political milestone


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Lebanon's Parliament elected army chief Joseph Aoun as president on Thursday. It ended a power vacuum that had persisted since 2022 and marked a significant political milestone before crucial developments, including the fate of a ceasefire with Israel and the start of postwar reconstruction efforts.

Mr Aoun secured 99 votes in the second round of voting to clinch the presidency after failing in the first session, in which he gathered 71 out of the 86 votes needed in the 128-member house. Shortly after the result was announced, Mr Aoun arrived at parliament, walking along a red carpet into the building, dressed in a suit rather than military fatigues.

“The authorities will have a monopoly on weapons,” he told MPs in his maiden speech, apparently in reference to the militant group Hezbollah's arsenal. The group is seen as more powerful and better armed than the country's army. “The state must invest in its army, to be able to protect its borders … [and fight against] smuggling and terrorism, and prevent Israeli aggression on the territory.”

UAE President Sheikh Mohamed congratulated Mr Aoun on his election victory and wished him "success in leading his country and its people to further stability, development and progress". He also said he looked forward to working with Mr Aoun to strengthen co-operation between the UAE and Lebanon.

US President Joe Biden also congratulated Mr Aoun, saying he would provide "critical leadership" for Lebanon at a crucial moment following the ceasefire with Israel.

"President Aoun has my confidence. I believe strongly he is the right leader for this time," said Mr Biden.

Under the terms of the ceasefire agreed to in November last year between Israel and Hezbollah after a devastating war that killed about 4,000 people, the Lebanese Armed Forces is one of the main parties entrusted with ensuring Hezbollah disarms south of the Litani River.

The parliamentary session served as a key test of Lebanon's shifting political landscape, with Hezbollah's influence weakened domestically and regionally after Israel's war – in which the group's leader Hassan Nasrallah was killed – and the fall of the regime of its Syrian ally Bashar Al Assad in December.

“Given the regional changes, we have a historic opportunity to discuss with Syria to solve all the problems, especially for respect for the sovereignty of the two countries and the file of the missing, as well as to deal with the refugee file,” he added, referring to the collapse of the Al Assad regime and the more than one million Syrian refugees living in Lebanon.

Mr Aoun became the 14th president after leading the Lebanese army since 2017. Under Lebanon's power-sharing system, established at the end of the civil war by the Taif Agreement, the presidency is reserved for a Maronite Christian, the role of prime minister for a Sunni Muslim and of parliamentary speaker for a Shiite Muslim. Twelve previous attempts to elect a president, the last in June 2023, failed to break the deadlock.

According to Lebanon’s constitution, a candidate must secure a two-thirds majority, or 86 votes, in the first round of parliamentary voting. If no candidate achieves this threshold, a simple majority of 65 votes is enough in subsequent rounds.

A significant hurdle to Mr Aoun’s candidacy was his status as a serving military officer. Article 49 of the Lebanese constitution prohibits public employees, including members of the armed forces, from running for the presidency while in active service. However, his backers successfully pushed for a constitutional amendment to address this.

“Today is what Lebanon should be. It's a democratic image. This democracy should be normal in Lebanon,” Melhem Khalaf, an MP and constitutional expert who took to sleeping in parliament in protest against his colleagues' failure to elect a new president, told The National outside parliament.

Electing a president during the 60-day truce with Israel that expires on January 26 was a key component of the agreement that ended the war with Hezbollah, official sources in Beirut told The National in November.

Politicians faced mounting pressure to avoid jeopardising vital reconstruction aid by failing to elect a head of state. Political sources in Beirut said financing the reconstruction efforts by Arab and western donors depended on electing a president and limiting Hezbollah's political influence.

Still struggling with the fallout from financial collapse in 2019, Lebanon is in dire need of foreign assistance to rebuild after the war. The World Bank estimates that about $8.5 billion in damages and losses resulted from the year-long conflict. Lebanon’s political stalemate had left the country without a head of state since October 2022.

Mr Aoun's election comes just 11 days before US president-elect Donald Trump is sworn into office for a second term.

Washington is likely to cheer the election of Mr Aoun, who is widely regarded as someone America can work with and a reflection of the country’s renewed influence on Lebanon, said Edward Gabriel, president of the American Task Force on Lebanon and a former US ambassador to Morocco.

Mr Gabriel said the Biden administration, led by special envoy Amos Hochstein, has helped to steer Lebanon from the grips of Iran-backed Hezbollah.

“The US has been extremely influential with Lebanon and I think the Lebanese are very grateful for what the Biden administration, Mr Hochstein and a bipartisan Congress have done to be very supportive of the Lebanese Armed Forces," he told The National.

Willy Lowry contributed to this report from Washington

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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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

WHAT%20START-UPS%20IS%20VISA%20SEEKING%3F
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Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km

Results
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The specs

Engine: 4.0-litre, six-cylinder

Transmission: six-speed manual

Power: 395bhp

Torque: 420Nm

Price: from Dh321,200

On sale: now

While you're here

TO ALL THE BOYS: ALWAYS AND FOREVER

Directed by: Michael Fimognari

Starring: Lana Condor and Noah Centineo

Two stars

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UAE currency: the story behind the money in your pockets
While you're here
How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.

The Cockroach

 (Vintage)

Ian McEwan 
 

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The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

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 
UAE and Russia in numbers

UAE-Russia ties stretch back 48 years

Trade between the UAE and Russia reached Dh12.5 bn in 2018

More than 3,000 Russian companies are registered in the UAE

Around 40,000 Russians live in the UAE

The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE's final round of matches
  • Sep 1, 2016 Beat Japan 2-1 (away)
  • Sep 6, 2016 Lost to Australia 1-0 (home)
  • Oct 6, 2016 Beat Thailand 3-1 (home)
  • Oct 11, 2016 Lost to Saudi Arabia 3-0 (away)
  • Nov 15, 2016 Beat Iraq 2-0 (home)
  • Mar 23, 2017 Lost to Japan 2-0 (home)
  • Mar 28, 2017 Lost to Australia 2-0 (away)
  • June 13, 2017 Drew 1-1 with Thailand (away)
  • Aug 29, 2017 v Saudi Arabia (home)
  • Sep 5, 2017 v Iraq (away)

WHEN TO GO:

September to November or March to May; this is when visitors are most likely to see what they’ve come for.

WHERE TO STAY:

Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.

HOW TO GET THERE:

Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.

Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

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Updated: January 10, 2025, 7:29 AM