US President Joe Biden's administration on Monday eased some of the country's sanctions on Syria to allow for quicker delivery of humanitarian aid for the new government in Damascus after the removal of former president Bashar Al Assad's regime.
For an initial six months, the move will allow the Treasury Department to issue waivers to aid groups and companies providing essentials including water, electricity and other humanitarian supplies.
“This action underscores the United States’ commitment to ensuring that US sanctions do not impede activities to meet basic human needs, including the provision of public services or humanitarian assistance,” the Treasury said in a statement.
There have been several meetings between US officials and members of Syria's interim government, led by former Al Qaeda affiliate Hayat Tahrir Al Sham, which led a rebel offensive last month that caused the collapse of the Assad regime.
The easing of some sanctions is a historic step for the US, which designated HTS as a terrorist group in 2014. The US has indicated repeatedly that it is willing to work with HTS, which has renounced its ties with Al Qaeda, if it can prove it has moderated its views.
Washington wants HTS, which has its origins in the extremist Al Nusra Front, to co-operate on priorities such as counter-terrorism and forming a government inclusive of all Syrians.
“The end of Bashar Al Assad’s brutal and repressive rule, backed by Russia and Iran, provides a unique opportunity for Syria and its people to rebuild,” deputy secretary of the Treasury Wally Adeyemo said.
Joe Wilson, Republican chairman of the Middle East subcommittee in the House of Representatives, told The National he believes such measures “will accelerate” when president-elect Donald Trump takes office on January 20.
“I want to give credit to the Biden administration, as they began this week an effort to reach out to the new government and to relax the different sanctions that are in place,” Mr Wilson said.
The toughest sanctions against Syria are not being removed, Bloomberg reported, but other countries will have more space to interact with Syria’s interim government in meeting the basic needs of the country’s people.
The International Committee of the Red Cross plans to expand its work in Syria significantly beyond an initial $100 million programme, the organisation's president said on Monday, with pressing needs in the health, water and power sectors.
Syria requires $4.07 billion in aid this year, but only 33.1 per cent has been funded, leaving a $2.73 billion gap, according to the UN Office for the Co-ordination of Humanitarian Affairs.
“Our programme originally for this year for Syria was $100 million, but we are likely to expand that significantly,” ICRC president Mirjana Spoljaric told Reuters. She said individual donor countries had come forward with an increase in funding for Syria.
The ICRC was one of the few international organisations still operating in Syria under Mr Al Assad's rule, working on infrastructure projects including water and electricity systems. “We need to expand that work. We have a lot to do in the health sector,” she added.
Lifting restrictions on aid to Syria is the least the Biden administration can do for the country's fledgling government, said Natasha Hall, a senior fellow in the Middle East Programme at the Centre for Strategic and International studies.
“The problem is that there's very, very little aid going into Syria, and it's mostly humanitarian aid,” Ms Hall told The National. She said it would probably be up to the Trump administration to make the necessary changes that would allow it to better support the country after more than a decade of civil war.
Other nations have moved to strengthen economic ties with Syria in the weeks since Mr Al Assad fled to Moscow.
Turkey said it wanted to help increase oil and natural gas production in Syria. Ankara is also working on ways to meet Syria’s electricity needs after more than a decade of conflict damaged the country’s infrastructure, said Alparslan Bayraktar, the Turkish Energy and Natural Resources Minister.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
LIKELY TEAMS
South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.
India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
Apple product price list
iPad Pro
11" - $799 (64GB)
12.9" - $999 (64GB)
MacBook Air
$1,199
Mac Mini
$799
Company%C2%A0profile
%3Cp%3ECompany%3A%20Zywa%3Cbr%3EStarted%3A%202021%3Cbr%3EFounders%3A%20Nuha%20Hashem%20and%20Alok%20Kumar%3Cbr%3EBased%3A%20UAE%3Cbr%3EIndustry%3A%20FinTech%3Cbr%3EFunding%20size%3A%20%243m%3Cbr%3ECompany%20valuation%3A%20%2430m%3C%2Fp%3E%0A
More from Neighbourhood Watch:
BRIEF SCORES
England 228-7, 50 overs
N Sciver 51; J Goswami 3-23
India 219, 48.4 overs
P Raut 86, H Kaur 51; A Shrubsole 6-46
England won by nine runs
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 End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre