Egypt and Lebanon called for an end to Israeli hostilities in Palestine, Lebanon and Syria after a meeting of their foreign ministers in Cairo on Tuesday.
The two ministers stressed the importance of Israeli withdrawal from Lebanese territories it continues to occupy and the implementation of UN Security Council Resolution 1701, which was issued in 2006 to end the war between Israel and Hezbollah at the time.
After meeting Youssef Rajji, Egyptian Foreign Minister Badr Abdelatty expressed Egypt's support for Lebanon in the face of repeated attacks by Israel, which says it is trying to neutralise the threat posed by the Lebanese armed group Hezbollah.
Mr Abdelatty said Egyptian construction companies were willing to take part in Lebanon’s reconstruction after repeated Israeli attacks caused significant destruction in Lebanese cities and towns, particularly in the south.
Mr Abdelatty and his counterpart Mr Rajji also said their countries would increase economic co-operation, a statement from the Egyptian Foreign Ministry read.
Their meeting in Cairo comes two days after Lebanon’s President Joseph Aoun said disarming Hezbollah, a key demand of the Trump administration in the US, would be a delicate issue.
Mr Aoun said he would not rush to force Hezbollah to down their weapons because that would be too destabilising for Lebanon.
Tuesday’s meeting also coincided with the arrival in Cairo of a Hamas delegation for talks on a new proposal by Egypt and Qatar to end the war in Gaza. Both countries, along with the US, have acted as mediators in efforts to halt the fighting between Hamas and Israel in the Palestinian enclave.
A Hamas official told AFP that new ideas were being discussed towards reaching a permanent ceasefire in Gaza, which has been devastated by an Israeli military offensive launched in response to the Palestinian militant group's attack on southern Israel in October 2023.
An Israeli delegation arrived in Cairo on Sunday to meet mediators in a bid to reach a breakthrough in the peace effort, which previously fell apart when Israel resumed attacks on Gaza in March, after two months of a shaky ceasefire.
The renewed assault has killed more than 1,800 people, pushing the Palestinian death toll in the war past 51,000, Gaza's health authorities say.
Early last month, Israel also blocked the entry of humanitarian aid, with the UN warning the already dire humanitarian situation will only get worse if the blockade is not lifted.
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
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Match info
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Serbia 1
Kolarov (56')
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
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium