On May 31, US President Joe Biden announced an Israeli ceasefire proposal that he purported to support, and to which he urged both Israeli and Hamas leaders to sign up, in order to bring the war in Gaza to an end. It was clear that political machinations were under way, evidenced by an American president announcing an Israeli initiative, quickly followed by several Israeli politicians expressing opposition to that same initiative.
But there are many crucial questions that still need to be addressed. Mr Biden ended his announcement by talking about what the situation for Gaza would look like after the war. But what options for “day after” scenarios really exist, given the nature of the main power broker on the ground, Israel?
The paradox of Gaza, and the wider question of Palestine, is that the solution to the crisis is rather obvious and clear. Following the establishment of the State of Israel in Mandatory Palestine in 1948, and up until 1967, Gaza, a Palestinian territory, was under the administration of Egypt, while East Jerusalem and the West Bank were under the administration of Jordan.
Precisely 57 years and one week ago, Israel invaded and occupied these territories, along with the Golan Heights (which is Syrian) and the Sinai Peninsula (which is Egyptian and returned to Egyptian sovereignty as a result of the Camp David Accords). The international community – including most US administrations – has been very clear since 1967 about the inadmissibility of the acquisition of this territory by war, and the Palestinians’ right to a state has been recognised by the UN General Assembly since 1974. It follows, then, that the solution most in line with international law and consensus, is to turn over sovereignty of these Palestinian territories to a Palestinian state.
Unfortunately, there are good reasons to suggest Israel would go for either the 'no man’s land' option, or a mixture of that and a military occupation authority
But of course, the situation is not quite so simple. Israel has refused, since 1967, to end what the UN, the US, the EU, and the near entirety of the international community has termed the occupation of Gaza, let alone its occupation of East Jerusalem (which Israel annexed) and the West Bank. There is no sign that it will change this stance, and there is no indication it will be forced to do so by foreign powers. So, we return to a thornier scenario; how to end Israel’s war on Gaza?
Putting aside the issues of statehood and sovereignty for the time being, there is a need for governance in Gaza on the “day after”. Mr Biden has suggested a multinational peacekeeping force that could help with this, and which might include the involvement of Arab states.
The problem with that option, however, is that Israel has given a set of conditions that make such an option unviable. Indeed, those conditions make very few options viable.
For a multinational peacekeeping force to exist, there are a few items upon which Arab states and others in the international community would insist. Arab states, for example, have indicated they would require the invitation for their participation to be extended by a Palestinian entity – essentially, the Palestinian Authority. The absence of such an invitation would make them part of the Israeli occupation of Gaza.
Beyond the political niceties of such an issue, there is also a security imperative involved here. If any state were to enter Gaza as a peacekeeping force, they would, naturally, need to ensure they are not made into targets by any insurgency in Gaza. If Israel’s military were to continue to be present in the Gaza Strip, then an insurgency would certainly ensue, and any military forces that recognised the legitimacy of Israel’s military presence would undoubtedly be targeted also.
So, it would seem that for Mr Biden’s option to work, two things would have to happen. The PA would have to return to Gaza and invite such a force; and Israeli forces would have to depart. However, on both points, Israel has refused, insisting that the PA cannot return to Gaza, and that Israel must maintain overall security control.
And so, Mr Biden’s plan evaporates, unless Israel shifts.
Of course, there are other precedents for Gaza. The first is a pure Israeli military occupation authority, which existed from 1967 until 1994. The second is a PA-governed territory, which existed from 1994 to 2006. The third is a Hamas-governed one, which was the case from 2006 to 2023. The fourth, if one can term it as such, is an anarchic “no man’s land” – no governance and utter chaos, which has been the situation for the past nine months.
The second and third options are off the table as far as the Israelis are concerned, and they have made their red lines clear in this regard. But that leaves only two alternatives: a military occupation authority, and no governance at all. Surely neither would be in Israel’s interest?
Unfortunately, there are good reasons to suggest Israel would go for either the “no man’s land” option, or a mixture of that and a military occupation authority. For one thing, these are the only options Israel is allowing to happen; by way of default alone, they are likely.
Additionally, this Israeli government allegedly has an overriding strategic goal, revealed in December by the Israeli newspaper Israel Hayom, and that is the “thinning” of Gaza’s population to a minimum. Some in Prime Minister Benjamin Netanyahu’s own cabinet have even asserted this publicly. A combination of anarchic non-administration with a military authority would make an exodus of Gazans from the territory more likely.
Moreover, some Israeli ministers advocate Israeli resettlement in northern Gaza. If Gaza is split into a north where Israeli settlements would thrive under the protection of an Israeli military authority, and a south where the population is encouraged to leave and no meaningful governance would be permitted, then Mr Netanyahu’s government would achieve what it appears he and his most hardline elements have been after.
None of the above, of course, is inevitable. But it is the most likely outcome, unless the calculations of Israeli leaders change. And such a change would require a real intervention, particularly from US leadership. And thus far, that is something that has not been forthcoming, to put it lightly.
Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
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On sale: Now
Price: From Dh650,000
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
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Price: From Dh126,000
Available: Now
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
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Rashid & Rajab
Director: Mohammed Saeed Harib
Stars: Shadi Alfons, Marwan Abdullah, Doaa Mostafa Ragab
Two stars out of five
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
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
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Killing of Qassem Suleimani
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Liz%20Truss
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