On the occasion of Donald Trump’s recent call to relocate Palestinians from Gaza, Prince Turki Al Faisal writes him a letter in The National
Dear President Trump,
The Palestinian people are not illegal immigrants to be deported to other lands. The lands are their lands and the houses that Israel destroyed are their homes, and they will rebuild them as they have done after previous Israeli onslaughts on them.
Most of the people of Gaza are refugees, driven out of their homes in what is now Israel and the West Bank by the previous Israeli genocidal assault on them in the 1948 and 1967 wars. If they are to be moved from Gaza, they should be allowed to return to their homes and to their orange and olive groves in Haifa, Jaffa and other towns and villages from which they fled or were forcibly driven out by the Israelis.
Mr President, many of the tens of thousands of immigrants who came to Palestine from Europe and other places after the Second World War stole Palestinian homes and land, terrorised the inhabitants and engaged in a campaign of ethnic cleansing. Alas, America and the UK, the victors of the war, stood by and even facilitated the murderous evictions of the Palestinians from their homes and lands.
America and the UK did not want to receive the victims of Adolf Hitler’s Holocaust, so they were content with sending them to Palestine. In the book Eight Days at Yalta, the author Diana Preston refers to a conversation between then US president Franklin Roosevelt and his Russian counterpart Joseph Stalin. Preston writes: “Conversation turned to the subject of Jewish homelands. Roosevelt said he was a Zionist… When Stalin asked Roosevelt what present he planned to make [Saudi king] Ibn Saud, he replied his only concession might be to give him six million Jews…”
Fortunately, when Mr Roosevelt did meet Ibn Saud, the king disabused him of that offer and suggested that the Jews should be offered the best lands in Germany as compensation for the Holocaust. Alas, Harry Truman, Roosevelt’s successor, wholeheartedly supported Jewish immigration to Palestine and eventually became instrumental in the creation of Israel.
One hundred and forty-nine countries recognise the Palestinian state. Please make your country the 150th
The violence and bloodshed we witness today are the result of that action and the previous British complicity with Zionist ambitions from 1917 until then.
Mr President, your declared intent to bring peace to Palestine is much lauded in our part of the world. I respectfully suggest that the way to do that is to give the Palestinians their inalienable right to self-determination and a state with its capital in East Jerusalem, as envisaged in UN General Assembly Resolutions 181 and 194 and Security Council Resolutions 242 and 338, and the Arab Peace Initiative.
All the Arab and Islamic countries, as well as the Palestinian Authority, accept the terms of the Arab Peace Initiative to end hostilities and establish relations with Israel. One hundred and forty-nine countries recognise the Palestinian state. Please make your country the 150th. No peace in the Middle East will be realised without addressing this noble issue justly and fairly.
Be remembered as the peacemaker.
Turki Al Faisal
Smart words at Make Smart Cool
Make Smart Cool is not your usual festival. Dubbed “edutainment” by organisers Najahi Events, Make Smart Cool aims to inspire its youthful target audience through a mix of interactive presentation by social media influencers and a concert finale featuring Example with DJ Wire. Here are some of the speakers sharing their inspiration and experiences on the night.
Prince Ea
With his social media videos accumulating more half a billion views, the American motivational speaker is hot on the college circuit in the US, with talks that focus on the many ways to generate passion and motivation when it comes to learning.
Khalid Al Ameri
The Emirati columnist and presenter is much loved by local youth, with writings and presentations about education, entrepreneurship and family balance. His lectures on career and personal development are sought after by the education and business sector.
Ben Ouattara
Born to an Ivorian father and German mother, the Dubai-based fitness instructor and motivational speaker is all about conquering fears and insecurities. His talk focuses on the need to gain emotional and physical fitness when facing life’s challenges. As well managing his film production company, Ouattara is one of the official ambassadors of Dubai Expo2020.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
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
Credit Score explained
What is a credit score?
In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.
Why is it important?
Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.
How is it calculated?
The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.
How can I improve my score?
By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.
How do I know if my score is low or high?
By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.
How much does it cost?
A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.
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