A protester holds a placard, as she marches during a protest against the increase in prices of consumer goods and the crash of the local currency in Beirut on Friday. AP
A protester holds a placard, as she marches during a protest against the increase in prices of consumer goods and the crash of the local currency in Beirut on Friday. AP
A protester holds a placard, as she marches during a protest against the increase in prices of consumer goods and the crash of the local currency in Beirut on Friday. AP
The vacuum left by the Biden administration in Syria and Lebanon, as the two countries slip down the US list of priorities, is undermining regional stability as well as US interests there.
After a decade of conflict, Syria’s situation is a mess. Lebanon, meanwhile, has become a failed state, controlled in part by Iranian-backed proxy Hezbollah and in part by a corrupt political class that has escaped any kind of international accountability or even scrutiny.
In America’s absence, Russia is seeking to fill the vacuum in the region. But Moscow alone cannot do so in Syria, where it is an ally of the Assad regime. It is, therefore, engaging the Gulf states to help finance reconstruction there, especially with the strained European-Russian relations dampening the EU’s desire to lend support.
Moscow is also seeking to bring Israel to the table with its mortal enemies, Iran, Syria and Hezbollah. Israel is currently safeguarding its security by engaging in a military confrontation with Iranian proxies inside Syria. It is also at odds with Hezbollah, which poses a threat to its security from its vantage point inside Lebanon. Israel shares a border with both countries.
The Biden administration’s lack of interest in Lebanon – in sharp contrast to that of the previous Trump administration – has only helped Iran increase its grip over Lebanon at a time when economic collapse is imminent. The EU seems to have outsourced the Lebanese dossier to France, despite Paris’ record of arbitrary, unserious involvement that has only deepened Beirut’s predicament. For its part, Russia, which received a rare Hezbollah delegation in Moscow this week, will probably let the Iranian regime have its way in the Arab country.
The US administration seems nonchalant about the investigations into last year’s Beirut Port blast, despite its pledges not to be lenient on crimes against humanity or human rights violations. Lebanese politicians are guilty on both counts, given their disregard of the many demands made by the families of the blast victims. Washington can do something about this, for starters instructing its Federal Bureau of Investigation to publish the results of its probe into the blasts, which would amount to the most important tool to internationalise the events in Lebanon.
Washington’s lack of interest in taking such a crucial step has left the Lebanese public divided between those who support “neutrality” for Lebanon and those who back Iranian domination of its politics.
Russian Foreign Minister Sergey Lavrov shakes hands with Mohammad Raad, head of the parliamentary bloc of Lebanon's Hezbollah movement, during a meeting in Moscow. Reuters
Sergey Lavrov discussed the situation in Lebanon and the Middle East with a delegation of Hezbollah politicians, including Mohammad Raad. EPA
Mohammad Raad was quoted as saying he had a 'friendly and frank' meeting with Sergey Lavrov in Moscow. AP
Russia's Foreign Minister Sergey Lavrov holds talks with the Hezbollah delegation. The US imposed sanctions on some members of the Lebanese group in 2019. AFP
For Hezbollah, neutrality is synonymous with treason. In his speech last week, Hassan Nasrallah, the Hezbollah chief, criticised the Maronite Church and its patriarch, Bechara Al Rai, who called for Lebanese neutrality. Nasrallah claimed that the objective of neutrality in Lebanon was tantamount to “becoming a part of the American-Israeli axis”.
Nasrallah also insisted on rejecting the conditions laid out by the International Monetary Fund for helping Lebanon out of its economic crisis. Reform and resulting IMF aid would effectively undermine Hezbollah’s grip on Lebanese politics. It’s no wonder, then, that he threatened anybody who was open to the idea, whether it was the protesting public, the army, or the Central Bank governor, Riad Salameh.
The problem is that the souring of personal relations between US President Joe Biden and Russian President Vladimir Putin, after the former described the latter as a “killer”, will further impact already-frayed US-Russian-European relations as well as foreign policy issues, ranging from Crimea to Iran to issues they see as secondary, including Lebanon’s future.
Given Moscow’s warm relations with Tehran, Russia is now more likely to support Iran’s escalation of the unresolved nuclear weapons issue, designed to take its brinkmanship with the US to another level. This will be done with the purpose of pushing the Biden administration and the European powers to cave in to Iran’s demands, including an unconditional revival of the 2015 nuclear deal.
Lebanon is not high up on US President Joe Biden’s list of priorities. AP
With the Iranian presidential election scheduled for June, it won’t be surprising to see the regime escalating military tensions in the region. The powerful Islamic Revolutionary Guard Corps seeks to expand its influence in Iranian politics by pushing its candidates to win, and escalating tensions will serve its interests at the ballot box.
The details of the Hezbollah delegation’s discussions with Russian Foreign Minister Sergey Lavrov in Moscow this week have not been released. However, Iran’s continued influence in Syria, in partnership with Russia, and in Lebanon, through Hezbollah, will surely have been talking points – as will have been Hezbollah’s own plans to deal with the Lebanese crisis, whatever they might entail. Russia’s proposal to include Israel in talks with Iran, Syria and Hezbollah will not doubt have featured as well.
People carry banners and opposition flags during a demonstration, marking the 10th anniversary of the start of the Syrian conflict, in the opposition-held Idlib this week. With the Assad regime entrenched in power, it is natural for Syrians to ask themselves, did the revolution fail? Khalil Ashawi
Even as Moscow seeks to calm tensions between these sparring entities, Iranian politicians continue to make provocative statements about Israel, including calling for its destruction. Whether such statements are meant for domestic consumption ahead of the election or not, Moscow is clearly determined to find some sort of resolution between the two countries, particularly as it looks at its own interests in the region. Whatever be the nature of Washington-Moscow relations right now, the US might have already given Russia its silent blessing in its endeavour.
Amid all this uncertainty, one thing is clear: Iran and Hezbollah are in the driver’s seat, getting ever closer to dictating the identity and future of Lebanon.
Raghida Dergham is the founder and executive chairwoman of the Beirut Institute and a columnist for The National
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
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
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
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
Timeline
1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line
1962
250 GTO is unveiled
1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company
1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens
1976
First automatic Ferrari, the 400 Automatic, is made
1987
F40 launched
1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent
2002
The Enzo model is announced
2010
Ferrari World opens in Abu Dhabi
2011
First four-wheel drive Ferrari, the FF, is unveiled
2013
LaFerrari, the first Ferrari hybrid, arrives
2014
Fiat Chrysler announces the split of Ferrari from the parent company
2015
Ferrari launches on Wall Street
2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
Key findings of Jenkins report
Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."