Michael White, a freed US Navy veteran detained in Iran since 2018, poses with US Special Envoy for Iran Brian Hook at Zurich Airport on Thursday. Reuters
Michael White, a freed US Navy veteran detained in Iran since 2018, poses with US Special Envoy for Iran Brian Hook at Zurich Airport on Thursday. Reuters
Michael White, a freed US Navy veteran detained in Iran since 2018, poses with US Special Envoy for Iran Brian Hook at Zurich Airport on Thursday. Reuters
Terms and conditions for Twitter users are very contested but it is fair to assume that hostage-bartering on the platform is prohibited. That did not prevent the Iranian Foreign Minister Mohammad Javad Zarif from using the US social media site to make threats last week.
Mr Zarif, who continues to cling to a reputation as an English-speaking moderate in Tehran, published the terms of his country's interests in exchanging prisoners. Writing in the midst of a series of releases that saw Sirous Asgari and Majid Taheri deported from the US and Michael White sent home from Iran, Mr Zarif was blunt.
“Pleased that Dr Majid Taheri and Mr White will soon be joining their families,” he wrote. “Prof Sirous Asgari was happily reunited with his family on Weds. This can happen for all prisoners. No need for cherry picking.
“Iranian hostages held in – and on behalf of – the US should come home.”
That last line was an attempt at an inverted blame game, a classic tactic so standard of Iranian diplomacy. It should not fool anybody. There can be little doubt Mr Zarif was fully focused on collecting political concessions for his regime's bargaining chips.
A handout video grab made available by Iranian state TV on Thursday shows Sirous Asgari speaking to media after arriving at the Imam Khomeini international airport in Tehran. EPA
By contrast to this meanness of spirit, it was heartening to hear Mr White speak. On the tarmac at a Swiss airport, he spoke of his recovery from Covid-19 and his hopes to get to Disney World when he reaches America.
It took me back to my first memories of news reports about hostages being held in Lebanon and Tehran in the early 1980s. It was a huge international story. The plight of the westerners held in Beirut dominated many news cycles. The anguish of the relatives and the dangers of the city were always dramatic interludes, related in many gripping reports.
Over the decades, the Iranian regime has had an almost exquisite interest in leveraging hostages for its foreign policy goals. The practice has proven to be a route to advancement for ambitious officials. Among those who oversaw the US embassy siege was a future president of the Islamic Republic, Mahmoud Ahmadinejad.
When it seized 15 British soldiers on the Shatt Al Arab river near Basra in 2007, Iran was isolated and under pressure, as it is now. It had a particular goal. At the start of the year, Britain’s American ally had seized a handful of Iranian operatives in Erbil, Iraq.
Iran's Foreign Minister Mohammad Javad Zarif speaks at the Munich Security Conference on February 15. AFP
Over the course of 10 days in Tehran, I watched the negotiations and pressure game play out over the fate of the military personnel. They were mostly young people. They had no particular strategic value as individuals.
Every day as the outcry for their release grew on Tony Blair's government, Iranian officials delighted in the impasse. For cover they would cite the 1975 Algiers Agreement – a deal between Iran and Iraq to settle their border disputes and conflicts, which had split sovereignty on the Shatt Al Arab estuary – and claim the patrol had crossed the line.
Finally the Iranians felt the point had been made. By that stage even the Pope in Rome had intervened to plea for a concession. When I flew out on the plane with the released crew, no one was under any illusion of the real goal for the Iran. It had proven it had cards to play.
The myth of friendly western-educated Iranian leaders pushing gradualist policies to change Iran has been consistently rendered bankrupt by these episodes.
The current hostage crisis began in earnest at the same time as the 2015 nuclear agreement came into force. Brian Hook, the US envoy on Iran, spoke at an event in London last week in which he highlighted Europe’s serious issues with hostages in Iran.
The British citizen Nazanin Zaghari-Ratcliffe told her husband on Friday of her despair after four years as a prisoner in Iran. While she is on parole at her parents' home in Tehran, Ms Zaghari-Ratcliffe still awaits word on a clemency decision that her supporters had hoped would come by Eid Al Fitr.
On the anniversary of another arrest, Emmanuel Macron made a plea on Friday for the release of Fariba Adelkhah, a dual national who is being held in Tehran. Anne Hidalgo, the mayor of Paris, put Ms Adelkhah's portrait on the facade of the city hall with the slogan: "Her fight for freedom is ours."
While she is still serving five years, her French partner Roland Marchal was freed in March. He was sent back after French authorities released Iranian engineer Jalal Rohollahnejad.
Fariba Adelkhah is the latest in a long list of dual nationals detained in Iran. AFP
The steady drip of quid-pro-quo releases only really reveals why people have been seized in the first place. Arrests by the regime bear no like-for-like comparison.
All parts of the Iranian hierarchy are engaged in this human bartering. It is happening on a scale unseen anywhere else in the world. It is fair to say that the Islamic Republic pawns people for its strategic goals.
Damien McElroy is the London bureau chief of The National
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
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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Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
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
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.