Under pressure at home, US President Donald Trump continues to have tricky watrers to negotiate abroad. Reuters
Under pressure at home, US President Donald Trump continues to have tricky watrers to negotiate abroad. Reuters
Under pressure at home, US President Donald Trump continues to have tricky watrers to negotiate abroad. Reuters
Under pressure at home, US President Donald Trump continues to have tricky watrers to negotiate abroad. Reuters

Donald Trump and Iranian regime are both in positions of weakness – and that may be a good thing


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Heads of governments around the world will be watching closely as Donald Trump prepares for what could be the toughest domestic challenge of his presidency. Such is the influence of his office, there is a strong possibility that the impeachment investigation under way against the US leader will be forcing friends and foes abroad to recalibrate their approaches to dealing with his administration.

The US House of Representatives has launched a probe against Mr Trump after evidence mounted in recent days that he illicitly used his office to enlist the help of Ukraine's President Volodymyr Zelenskiy in order to damage Joe Biden, a Democratic Party presidential rival, in exchange for military aid. As a result, questions abound with regard to the fate of Mr Trump's presidency, including whether he will be re-elected in 2020 even if he manages to evade impeachment.

There is every chance, of course, that Mr Trump will overcome this challenge – as he has others during the past three years in power. And while there may be concerns over how he conducts foreign policy during the next few weeks and months, it is likely that adversaries and enemies of the United States will have sensed a golden opportunity to extract concessions from a president currently under severe duress. For instance, the trade war between the US and China continues unabated and, even as Mr Trump has proved effective in getting the Asian superpower to the table, the question is whether Xi Jinping's administration can apply pressure on the American trade negotiation team while its president is distracted by the impeachment proceedings.

Ironically, though, the timing of the inquiry could prove fortuitous in bringing peace to the Middle East.

Russia's President Vladimir Putin, left, and French counterpart Emmanuel Macron are pushing for a new deal with Iran. AFP
Russia's President Vladimir Putin, left, and French counterpart Emmanuel Macron are pushing for a new deal with Iran. AFP

How to solve a problem like Iran has been, perhaps, the foremost question on the minds of foreign policy experts over the past four decades – but especially since Mr Trump cancelled the nuclear deal his predecessor Barack Obama had signed with Tehran in 2015. Under Mr Trump’s leadership, the US has taken a more hardline stance against Iran, stating that the nuclear deal was not comprehensive enough and that it did little to curb Tehran’s ambitions to grow its influence in the region with the help of its proxies. Sanctions applied by the Trump administration have also crippled Iran’s economy. But rather than returning to the negotiating table, Iran has gone on the offensive in the Strait of Hormuz by seizing tankers, while Iranian-backed Houthi forces in Yemen claimed to have launched drone attacks on oil facilities in Saudi Arabia.

Given the position world leaders find Mr Trump in at the moment, however, some of those vested in the idea of a rapprochement between the two countries have stepped into the breach, seeing an opportunity to continue down the path of dialogue and diplomacy. President Emmanuel Macron of France, backed by Russia’s President Vladimir Putin, is said to be pushing for a new agreement to be drafted between Iran on one side and the five permanent members of the UN Security Council, plus Germany, on the other. Details of the deal remain under wraps but, in principle, it is likely to be based on mutual concessions by the US and Iran. The latter would agree to negotiating a new deal in return for the US agreeing to a financial mechanism that would allow Iran to sell its oil and legally circumvent some US sanctions, which would not be lifted entirely. Iran would also be urged to take another look at its controversial ballistic missile programme while curbing its incursions in the region.

There were setbacks in this regard in recent times, either due to what was perceived as US intransigence or Iranian recklessness in the Middle East. Attacks on Saudi oil installations, allegedly with the use of Iran-made drones, forced European powers to distance themselves from Tehran while the US imposed more sanctions – including on the Central Bank of Iran. However, Mr Putin has reportedly asked Mr Macron to step up his efforts, while the Russian leader urged Iran's President Hassan Rouhani to avoid further escalations in the region. According to sources, Mr Putin gave Mr Rouhani a guarantee to increase bilateral trade as well as Iran's possible inclusion in the Eurasian Economic Union in return for peace. Meanwhile, there have also been suggestions that the US would gauge the situation in Yemen, where there is a bloody war under way, as a litmus test by which to judge Iranian behaviour in the region – in return for facilitating Mr Macron's initiative. According to sources, Iraq's Prime Minister Adel Abdel Mahdi travelled to Saudi Arabia last month to explore the prospect of a Saudi-Iranian rapprochement in the Arabian peninsula.

The Islamic Revolutionary Guard Corps circle the Stena Impero in July at the Iranian port of Bandar Abbas. AP Photo
The Islamic Revolutionary Guard Corps circle the Stena Impero in July at the Iranian port of Bandar Abbas. AP Photo

What we may be witnessing, as a result of the initiatives taken by Mr Macron and Mr Putin, is a period of relative calm in the region – at least for the time being – with sources close to the Iranian leadership suggesting that the Islamic Revolutionary Guard Corps would relent until late November before resuming its attempts to escalate tensions in the area. The domestic scene in Iran is reaching a boiling point and the regime fears that this could turn into an uprising unless it rescues its economy. The IRGC’s assessment is that the regime has two months for sanctions to be lifted, at least partially, before the economy collapses – which might force Tehran into a military confrontation abroad in order to garner public support.

The relative calm among Iran’s leaders suggests that a breakthrough, being brokered by the European powers, could be made with regard to facilitating Iranian oil exports as part of a deal with the Trump administration. And while there is little chance that the US will lift all its sanctions on Iran, the possibility of smaller deals being made shows that the power of diplomacy is very much alive even when one or both parties concerned are in a position of weakness. Remember, just as Mr Trump has his challenges at home, so does the regime in Tehran – given the state of the economy. Whether this will indeed translate to peace and stability in the Middle East, we will have to wait and see.

Results

5pm: Warsan Lake – Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Dhaw Al Reef, Sam Hitchcott (jockey), Abdallah Al Hammadi (trainer) 

5.30pm: Al Quadra Lake – Maiden (PA) Dh80,000 (T) 1,600m; Winner: Mrouwah Al Gharbia, Sando Paiva, Abubakar Daud 

6pm: Hatta Lake – Handicap (PA) Dh80,000 (T) 1,600m; Winner: AF Yatroq, George Buckell, Ernst Oertel 

6.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,600m; Winner: Ashton Tourettes, Adries de Vries, Ibrahim Aseel 

7pm: Abu Dhabi Championship – Listed (PA) Dh180,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami 

7.30pm: Zakher Lake – Rated Conditions (TB) Dh80,000 (T) 1,400m; Winner: Alfareeq, Dane O’Neill, Musabah Al Muhairi.  

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

WHEN TO GO:

September to November or March to May; this is when visitors are most likely to see what they’ve come for.

WHERE TO STAY:

Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.

HOW TO GET THERE:

Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.

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%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

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%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElmawkaa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ebrahem%20Anwar%2C%20Mahmoud%20Habib%20and%20Mohamed%20Thabet%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20PropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%24400%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3E500%20Startups%2C%20Flat6Labs%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3Cbr%3E%3C%2Fp%3E%0A