Syrian Minister of Energy Mohammed Al Bashir attends a press conference with the Turkish Energy Minister Alparslan Bayraktar in Damascus, Syria. May 22, 2025. Reuters.
Syrian Minister of Energy Mohammed Al Bashir attends a press conference with the Turkish Energy Minister Alparslan Bayraktar in Damascus, Syria. May 22, 2025. Reuters.
Syrian Minister of Energy Mohammed Al Bashir attends a press conference with the Turkish Energy Minister Alparslan Bayraktar in Damascus, Syria. May 22, 2025. Reuters.
Syrian Minister of Energy Mohammed Al Bashir attends a press conference with the Turkish Energy Minister Alparslan Bayraktar in Damascus, Syria. May 22, 2025. Reuters.

Turkey to start providing Syria with natural gas this week


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Turkey will start providing Syria with natural gas from August 2, with Azerbaijan also involved in exports running through Kilis province, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.

Ankara, which supported rebel forces in neighbouring Syria throughout the 13-year civil war that ended in December with the ousting of former president Bashar Al Assad, has now become one of the current Syrian government's main foreign allies while positioning itself as a major player in Syria's reconstruction.

Mr Bayraktar told the state-owned Anadolu news agency of the power project's start date on Wednesday. During a visit to Damascus in May, he signed an agreement to boost energy collaboration with his Syrian counterpart Mohammad Al Bashir.

Turkey agreed to provide Syria with two billion cubic metres of natural gas annually, in addition to 1,000 megawatts of electricity. Supplies were to boost energy in Syria, to last for up to 12 hours a day, and the two nations also agreed explore natural resources to help reconstruction efforts, Mr Bayraktar said at the time. The State Oil Company of Azerbaijan will become a partner in the project as well, Mr Bayraktar has said.

On Wednesday, he said the natural gas provision would help Syria address its electricity needs as well, and be used to fuel the country's existing power plants.

"We made a swap agreement with Azerbaijan, and the gas that will come from Azerbaijan will be exported to Aleppo, Syria, via Kilis," he said. Qatar will finance part of the project and a ceremony will mark the start of the gas flow on Saturday.

"With the six million cubic metres of gas that we are planning to send there, we will be able to realise 1,200MW of electricity production," he added.

Mr Bayraktar said Ankara will supplement that with 500MW of its own to help address Syria's energy issues.

Syria is suffering from severe power shortages, with state-supplied electricity available for only for a few hours a day in most areas. Damascus used to receive the bulk of its oil for power generation from Iran before Hayat Tahrir Al Sham took power in December.

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Without Remorse

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Starring: Michael B Jordan

4/5

COMPANY PROFILE
Name: Kumulus Water
 
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Sector: Water technology 
 
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Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: UAE v Nepal; Hong Kong v Singapore; Malaysia v Oman

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

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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

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
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Rating: 2.5/5

THE BIO:

Sabri Razouk, 74

Athlete and fitness trainer 

Married, father of six

Favourite exercise: Bench press

Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn

Power drink: A glass of yoghurt

Role model: Any good man

Brief scores:

Juventus 3

Dybala 6', Bonucci 17', Ronaldo 63'

Frosinone 0

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

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Updated: July 30, 2025, 12:18 PM