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A protest is an unlikely platform for an overseas diplomat, yet for Palestinian representatives across Europe the need to take a higher profile has been all-consuming since the launch of the Israel-Hamas war last October.
The streets are where Palestinian Ambassador Dr Husam Zomlot believes the “sea change” in the UK's position on the Palestinian issue is being driven. Almost every fortnight for the past six months, he has addressed the hundreds of thousands gathered in London at national demonstrations for Palestine.
Most UK politicians have shunned or shied away from this stage, but popular support for the Palestinian cause offers a glimmer of hope for Dr Zomlot, who was born in a refugee camp in Gaza and has lost dozens of direct family members in the continuing war.
In media interviews and in the private events he ceaselessly attends to help maintain the Palestinian cause's profile, his face brightens as he speaks of the changes happening in the UK, which he has witnessed over the past six months.
“We’re on the right path,” he told journalists at a press briefing in January, reminding them that the anti-apartheid campaign – which brought down South Africa's repressive system of racial segregation – originated in meeting rooms and along barricades erected on UK streets.
His staff – an eclectic group of young Palestinian diplomats, lawyers and humanitarians – are often there with him, working round the clock to meet his engagements and invitations to speak.
With passion and conviction Dr Zomlot insists that justice will be achieved through institutions like the UN and international courts – not by violence.
Drawing on Western human rights movements, he has spoken at the London church where Martin Luther King made his first UK speech, and relentlessly reminds the UK of its historic responsibility in Palestine.
This growing influence prompted an Arab news outlet to ask him whether he was the Palestinian Nelson Mandela – a title usually reserved for Marwan Barghouti, the 64-year-old political leader languishing in an Israeli prison.
This raised attention comes with a downside as well.
When false reports emerged earlier this month that he had been dismissed from his post in the UK, the news went viral. Palestinian officials were quick to publicly dismiss the claim, followed by the Wafa state news agency.
Some believe the campaign to have been an inside job, others point to foreign involvement. This speculation is an indication of the challenges plaguing the Palestinian Authority – which Zomlot represents in the British capital.
Engaging Westminster has been his task since 2018 and is where his regular and persistent presence is beginning to bear fruit.
Dr Zomlot came to the UK four years ago after his US posting was cut short by the Trump administration, which closed down the Palestinian Mission in Washington and revoked his visa.
At an event in the House of Commons last year marking 75 years since the Nakba, Dr Zomlot lamented that no UK minister had responded to his invitations to commemorate the expulsion of Palestinians in 1948.
Politicians who had largely ignored Dr Zomlot before October 7 then made a point of avoiding him in public in the attack’s aftermath.
His appearance alongside David Lammy at the Labour party conference two days after the attacks was cancelled. The then-Foreign Secretary James Cleverly told local media he would not share a platform with the Ambassador, adding that he spoke and met with him privately.
Shifts in the UK's thinking on the Palestinian issue have since rehabilitated him. In fact, both government and opposition are at pains to show that their support for Israel's military campaign also comes with a desire for peace in the region.
Latest Gaza protests in the UK – in pictures
Pressure has grown on the UK government to suspend its arms sales to Israel and to reveal the legal advice it has received.
In January, the Foreign Secretary David Cameron announced at the UN that the UK would be ready to recognise the State of Palestine “sooner rather than later”. If implemented, what was mooted as the Cameron Declaration at the time would in effect remove Israel’s veto power over Palestinian statehood.
With Dr Zomlot looking on – and afterwards engaging with Lord Cameron – there were few in the room who did not immediately grasp the significance of what they had just heard about the UK's official stance on the issue.
Weeks later, the UK sanctioned four illegal settlers accused of violence in the West Bank.
These developments are just some of the signs that the international community is gearing to take a peace process into their own hands – making decisions that could bypass Israel.
In this top-down approach, the peace process would begin with a UN Security Council Resolution recognising Palestinian statehood and accountability for Israeli war crimes through the international courts.
But the road to recognition may still be long. Last week, the US vetoed and the UK abstained on a UN Security Council resolution on Palestinian statehood.
Dr Zomlot’s challenge now is to convince diplomats that the Palestinian Authority, which faces major pressure to reform so that it can administer Gaza after the war – is up to the job.
The PA was formed in 1993 as a result of the Oslo Accords. However, its control is limited by the interim nature of the accords as well as the overbearing Israeli occupation, damaging its integrity.
It is now seeking to rebrand itself by forming a new technocratic government that will administer all Palestinian territories including Gaza when the war ends, with the backing of the international community.
Dr Zomlot recently called on the international community to push for an “enabling environment” for the new technocratic government, in which its powers would not be limited by the Israeli occupation.
He has also insisted that disagreements between Palestinian parties – chiefly between the Palestinian Liberation Organisation ruling party Fatah and Hamas, which currently governs Gaza, is no one’s business but the Palestinians'.
The need for the emergence of a vibrant and successful Palestinian movement from the ashes of war is one of Dr Zomlot’s most firmly held beliefs.
If there is a Mandela comparison to be made at this moment, it is not with Zomlot himself, but with the dignity and fortitude of the Palestinian people, he has insisted to the Arab media that raised the question.
The possible release of Mr Barghouti as part of a hostage exchange between Hamas and Israel could radically change the Palestinian political landscape, and would be welcomed by Fatah, the PA’s ruling party.
Yet the future of a Palestinian state that steps up to fulfil its destiny will lie in a collective effort. The nation's moment of having a single charismatic leader was over. Every Palestinian, he told the same outlet, is a Mandela.
Two hundred days of Israel Gaza war – in pictures
Company%20Profile
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The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
<html><head><meta http-equiv="Content-Type" content="text/html" charset="UTF-8" /></head><body><!--PSTYLE=* Labels%3aFH Label 18 Sport--><p>Beach soccer</p><!--PSTYLE=BY Byline--><p>Amith Passela</p><p /></body></html>
Results
4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)
5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel
5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel
6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi
6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud
7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel
7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard
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
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Brief scores
Day 1
Toss England, chose to bat
England, 1st innings 357-5 (87 overs): Root 184 not out, Moeen 61 not out, Stokes 56; Philander 3-46
The%20Specs
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Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
Company profile
Company name: Nestrom
Started: 2017
Co-founders: Yousef Wadi, Kanaan Manasrah and Shadi Shalabi
Based: Jordan
Sector: Technology
Initial investment: Close to $100,000
Investors: Propeller, 500 Startups, Wamda Capital, Agrimatico, Techstars and some angel investors
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt
Date started: January 2017, app launched November 2017
Based: Dubai, UAE
Sector: Private/Retail/Leisure
Number of Employees: 18 employees, including full-time and flexible workers
Funding stage and size: Seed round completed Q4 2019 - $1m raised
Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels
Race 3
Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
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9pm: Al Wasl v Baniyas
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