Little progress has been made towards realising a two-state solution. EPA
Little progress has been made towards realising a two-state solution. EPA
Little progress has been made towards realising a two-state solution. EPA
Little progress has been made towards realising a two-state solution. EPA


Sympathy for Palestine in Congress has rarely been matched by action


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October 05, 2021

A quarter of a century ago, when the two-state solution was still possible and we were optimistic that there was a path to get there, I was co-chairing Builders for Peace (BfP), a post-Oslo project launched by then vice president Al Gore. It was created to support the ongoing peace process by promoting economic development and employment in Palestine. As we repeatedly made clear, our goal was not to substitute economic progress for peace, but to create the prosperity and hope needed to sustain the process until the "final status negotiations" that were to occur at the end of a five-year transitional period.

After frequent trips to the region in those early years after Oslo, I became deeply concerned that things were not going well. New hardships were being created for Palestinians by the closures and expanded checkpoints Israel put in place after a Jewish extremist massacred Palestinians at Al Ibrahim Mosque. The brutal and demeaning behaviours exhibited by Israeli soldiers at checkpoints and in Hebron were deepening animosity. American businesses that had initially expressed interest in investing in Gaza or the West Bank gave up after realising that Israelis weren't interested in allowing Palestinians to freely import raw materials or export finished products. Nor were the Israelis allowing Palestinians access to resources in the territories.

Meanwhile, settlement expansion was continuing at a rapid pace. At one point, I met president Bill Clinton and he asked me how BfP was progressing. I told him that honestly, we weren't doing well at all. After relaying my observations and concerns to him, I said, "Since Oslo, Palestinians have become poorer, less employed, less free and have lost more land to settlements. They aren't experiencing the benefits of peace and are losing hope".

What troubled me most, I told the president, was that his negotiators were ignoring our entreaties to take seriously these Israeli-imposed impediments to Palestinian prosperity and freedom. They saw our work as a nuisance and a distraction from their "important peace negotiations". If this mind-set of ignoring Palestinian rights and the impediments being created by the Israelis continued, I warned Mr Clinton, Palestinians would lose trust in the United States, the process and the hope that they would ever be free of the occupation. President Clinton was upset by my report and asked me to write him a detailed memo, which I did. Nothing, however, was done to correct this downward spiralling trajectory, which has continued until the present day.

I have been prompted to write these reflections because of two recent developments. The first is a discussion taking place in Israel following the meeting between Israel's Defence Minister Benny Gantz and Palestinian Authority President Mahmoud Abbas, followed by reports of Israeli Prime Minister Naftali Bennett's plan to "shrink the conflict" by offering economic palliatives to improve life for Palestinians under occupation. Instead of the Oslo formula of "land for peace" the "new" idea (actually, it's an old idea) is to exchange "economic benefits for security". This turns the initial logic of the peace process upside down. Instead of ending the occupation, the Bennett/Gantz proposition is to make life easier for Palestinians so they will accept its continuation. "Shrinking the occupation" is merely a cynical ploy to mask Israel's consolidating control over the lands occupied in 1967.

Israeli Defence Minister Benny Gantz recently met with Palestinian Authority President Mahmoud Abbas. EPA
Israeli Defence Minister Benny Gantz recently met with Palestinian Authority President Mahmoud Abbas. EPA
The downward spiral has continued to this day

The second development that prompted me to recall what the US failed to do in the post-Oslo period is a bill, the "Two-State Solution Act" (TSSA), being introduced by a number of progressive members of Congress. It is difficult to find fault with much of what's in TSSA, other than the fact that what it proposes is 25 years too late to make a difference. It calls for making US aid to Israel conditional on there being no more expansion of settlements, which TSSA affirms are illegal, and violations of Palestinian human rights. These are all well-intentioned gestures, but as the saying goes, proposing them now is like "closing the barn door after the horses have all escaped".

TSSA ignores the realities that have been created by decades of US neglect that have allowed Israel to run roughshod over the occupied lands resulting in what Human Rights Watch calls an apartheid regime. There are well over 650,000 Israelis living in strategically located West Bank settlements. They are connected by Jewish-only highways and protected by checkpoints that carve the territory into pieces.

The TSSA may make its sponsors feel good that they've taken a principled stand for human rights, and I salute their courage; I know, after all, some pro-Israeli groups will make every effort to punish them. At the same time, I must also acknowledge the sad truth that a viable two-state solution is no longer possible given the immense settler presence in the occupied lands, placed in locations specifically designated to make it impossible to allow for an independent, viable Palestinian state.

Given that reality, it's pointless to try to give a transfusion to a cadaver that's been eaten up by cancer. And so, 25 years after I wrote my memo to Clinton, we have arrived at this sorry state of affairs. Israel, acting with impunity born of the neglect of Palestinian rights and the enabling hand of successive US presidents and Congresses, is proposing cynically to make Palestinian life better as it consolidates its hold over the occupied lands. Meanwhile, some members of Congress, thinking they are doing the right thing, are proposing a bill – which will never pass – that tries to save the two-state solution, which is beyond saving. It’s all both sad and maddening. It didn't have to be this way.

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

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Who are the Soroptimists?

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The organisation said its name is best interpreted as ‘the best for women’.

Since then the group has grown exponentially around the world and is officially affiliated with the United Nations. The organisation also counts Queen Mathilde of Belgium among its ranks.

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

GREATEST ROYAL RUMBLE CARD

The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27

50-man Royal Rumble

Universal Championship
Brock Lesnar (champion) v Roman Reigns

Casket match
The Undertaker v Rusev

Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos

Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy

United States Championship
Jeff Hardy (champion) v Jinder Mahal

Singles match
Triple H v John Cena

To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

First Person
Richard Flanagan
Chatto & Windus 

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Dos

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  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

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  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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1. Liverpool 101 points

2. Manchester City 80 

3. Leicester 67

4. Chelsea 63

5. Manchester United 61

6. Tottenham 58

7. Wolves 56

8. Arsenal 56

9. Sheffield United 55

10. Everton 50

11. Burnley 49

12. Crystal Palace 49

13. Newcastle 46

14. Southampton 44

15. West Ham 39

16. Brighton 37

17. Watford 36

18. Bournemouth 36

19. Aston Villa 32

20. Norwich City 29

 

 

 

 

 

 

Roll of honour 2019-2020

Dubai Rugby Sevens

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Runners up: Bahrain

 

West Asia Premiership

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Runners up: UAE Premiership

 

UAE Premiership

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UAE Division One

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Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

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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

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
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The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

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Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

UAE currency: the story behind the money in your pockets
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Updated: October 05, 2021, 4:00 AM