The US will re-enter talks with Iran next week after a ceasefire with Israel that also raises the prospects of peace in Gaza, President Donald Trump has said.
Speaking at a Nato summit, Mr Trump said Iran is “not going to be building bombs for a long time” after US attacks, as mystery surrounded the fate of Iran's nuclear materials. He compared the US strikes to the atomic bombings of Hiroshima and Nagasaki that ended the Second World War.
A truce continued to hold after Israel and Iran halted a 12-day air war, their worst ever direct conflict. If Israel “does not take any aggressive actions, Iran will not react either”, an Iranian government official told The National.
Hamas said Gaza ceasefire talks had “intensified in recent hours” with the participation of mediators from Egypt and Qatar. Mr Trump said “great progress” was being made to end the Israel-Hamas war, and added that his special envoy Steve Witkoff had told him: “Gaza is very close.”
He linked his optimism about imminent “very good news” for Gaza to the ceasefire agreed on Tuesday between Israel and Iran. “It helped a little, and sowed a lot of power,” he said. “I think this helped.”
Mr Trump said the “war is done” after the US dropped “bunker-buster” bombs on three Iranian nuclear sites early on Sunday. Iran responded by launching missiles at an American airbase in Qatar, in an attack widely condemned in the Arab world.
“We're going to talk to them next week with Iran. We may sign an agreement, I don't know,” said Mr Trump. “The way I look at it, they fought, the war is done.
“I don’t want to use an example of Hiroshima. I don’t want to use an example of Nagasaki, but that was essentially the same thing – that ended a war.”
The bombing raid ordered by Mr Trump hit the Fordow, Natanz and Isfahan nuclear sites in Iran, which is suspected by the US and Israel of secretly developing a nuclear weapon. Iran denies this, insisting it is enriching uranium for peaceful purposes.
Tehran will re-enter nuclear talks only if the US offers clear aims and takes steps to rebuild trust, current and former Iranian officials said. Five rounds of meetings failed to produce a deal on curbing Iran's activities, before Israel attacked Iran almost a fortnight ago.
“We need to see whether the opposing sides will enter in good faith or not,” an analyst in Tehran who is close to the Iranian government told The National.
“The opposing side must prove that it is reliable this time with confidence-building measures,” the analyst said. “We will wait until there is good faith and a new initiative.”
Iran was believed to have a stockpile of near-weapons grade uranium before the air war broke out. The whereabouts of its nuclear materials are now unclear, amid speculation it could have moved them before the US bombing.
Mr Trump maintained on Wednesday that “there was obliteration” but conceded that early US intelligence findings were inconclusive. “It could've been very severe. That's what the intelligence suggests,” he said.
Iran said only that its nuclear sites were “badly damaged” in the bombing raids. Israeli strikes also killed nuclear scientists and several senior military commanders in Iran, as well as hitting symbols of government power in Tehran.
Rafael Grossi, the head of the International Atomic Energy Agency, said Iran informed him it had taken “precautionary measures” regarding its uranium stockpile. He said: “There is rubble, there could be unexploded ordnance, there are not normal inspections.”
A statement from Israeli Prime Minister Benjamin Netanyahu's office said the strike on Fordow “destroyed the site's critical infrastructure and rendered the enrichment facility inoperable”.
Israel said it assessed that the strikes had set back Iran's nuclear programme “by many years”. Mr Netanyahu is now coming under pressure from some quarters in Israeli politics to follow the Iran truce with a ceasefire deal in Gaza.
Sources reported that top Hamas officials, including Khalil Al Hayah, Zaher Jabareen, and Nazar Awadallah, have been holding talks with Egyptian officials since they arrived in Cairo on Monday.
A lone mid-level Israeli negotiator was also in Cairo, while a senior team from Israel's Mossad spy agency was expected later in the week, but only if the chances of making progress in the talks improve, according to the sources.
They told The National that the proposals on the table to pause the war and secure the release of the remaining hostages held in Gaza were not different from those discussed in previous rounds, and which mediators from Egypt, Qatar and the US could not get Hamas and Israel to agree to.
Life was returning to normal after the war. Israel has mostly lifted restrictions on schools and public gatherings put in place by a home front command. Iranian authorities announced the gradual easing of internet restrictions.
“The communication network is gradually returning to its previous state,” said the Islamic Revolutionary Guard Corps' cyber security command in a statement carried by state media.
Hezbollah meanwhile lauded what it described as Iran’s “divine victory” over Israel in the 12-day war. The Lebanese armed group and political party said Iran’s attacks “shattered the aura of [Israel’s] defence systems” and marked a “new historical stage” in the region.
Egyptian President Abdel Fattah El Sisi spoke by phone with Iranian President Masoud Pezeshkian, condemning Iran’s attack on a US airbase in Qatar and reaffirming Cairo's support for “the sovereignty of Arab and Islamic states”.
According to a statement from Egypt's presidency, Mr El Sisi welcomed the ceasefire agreement between Iran and Israel, emphasising the need to “stabilise and uphold the agreement” to prevent escalation in the region.
COMPANY%20PROFILE
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Killing of Qassem Suleimani
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
What is the FNC?
The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning.
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval.
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
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
Manikarnika: The Queen of Jhansi
Director: Kangana Ranaut, Krish Jagarlamudi
Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
Rating: 2.5/5
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
if you go
The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles.
FROM%20THE%20ASHES
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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
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday, February 8 v Kenya; Friday, February 9 v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
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