Could there be a Russian-sponsored peace agreement in the Middle East? It is not impossible.
Moscow has seemingly offered to broker a deal on behalf of Syria, its ally in the region, that could help the latter resolve some of the outstanding issues it has with neighbouring Israel. One such issue is Iran's military presence inside Syria, which has helped to safeguard the Assad regime in Damascus against disparate opposition forces, but which Israel sees as a threat to its own security.
Moscow is seeking to use the stalemate in war-torn Syria to consolidate its influence over the country after the Astana Process – which brings together Russia, Turkey and Iran with the express purpose of resolving the Syrian conflict – reached a dead end. The primary reason for the impasse is the souring of relations between Moscow and Ankara. And now the proposed deal could end up isolating Turkey and reducing Iran's military presence in Syria, in a way that would not only assuage an insecure Israel but also help to maintain Russia's hold in that part of the region. This deal, however, will require keeping Syrian President Bashar Al Assad in power.
Turkey's Recep Tayyip Erdogan, Russia's Vladimir Putin and Iran's Hassan Rouhani have not been able to sustain the Astana Process. AFP
During his visit to Moscow this week, Syria's new Foreign Minister Faisal Mekdad told Sergey Lavrov, his Russian counterpart, that Mr Al Assad wants to speed up the process of stabilising Syria following nine years of conflict. At the moment, it seems impossible for the regime and its backers to reach a deal with Turkey over the fate of Idlib, a region in Syria's north-west that is controlled by rebels mostly backed by Ankara – and Moscow and Damascus seem to be acknowledging this fact. This, then, leaves the Astana Process in tatters, thereby paving the way for new ideas – such as the one proposed in Moscow.
Mr Mekdad’s visit has made one thing clear: the Assad regime is determined to remain in power, no matter Syria’s dire circumstances. Mr Al Assad remains convinced that his regime is the cornerstone of Syria’s political future, regardless of local and international pressure, but he is reaching out to his enemies. He is willing to meet with the country’s opposition groups in Geneva, where talks have been ongoing, but is not interested in a power-sharing agreement with them. He is likely to accept some structural changes that could mean having a more independent parliament, but only so long as he remains in power.
Mr Al Assad also hopes that, by signalling his desire to make concessions with opposition groups and Israel, Moscow would be able to urge the Arab world to soften its stance towards his regime.
It may be open to Moscow’s proposal of drawing down Iran’s military presence in Syria. Mr Mekdad has, nonetheless, ascertained to his hosts that Syria-Iran co-operation would continue “because Iran has become a real and steady partner” – although not at the expense of Syria-Russia relations. In other words, the Assad regime intends to maintain good relations with Iran but consult Russia on all the key issues, including Tehran's presence in its backyard.
Russian Foreign Minister Sergei Lavrov, left, hosted his Syrian counterpart Faisal Mekdad earlier in the week. EPA
That may not come as a huge surprise. However, it is instructive not only that Russia wants Syria to talk to Israel, a mortal enemy of Damascus, but also that it believes the Iranian regime should, in one way or the other, be part of that deal. Moscow fully understands the extent of Tehran’s influence in Syria and the organic relationship between the two regimes.
At the same time, Moscow has significant leverage over Tehran – whether it is regarding the arms deal negotiations or the fate of the contentious 2015 nuclear agreement – and is willing to use that leverage.
Meanwhile, the fate of the Joint Comprehensive Plan of Action – or JCPOA – which the US and other global powers, including Russia, signed with Iran five years ago, hangs in the balance. US President Donald Trump pulled the US out of it in 2018 but his soon-to-be successor, Joe Biden, seems determined to return to it. This could have a bearing on Iran's continued role in Syria.
However, experts I recently spoke to remain divided over how the US should deal with Iran after Mr Biden is sworn in on January 20.
For instance, Ellie Geranmayeh, from the European Council on Foreign Relations, would like to see the incoming administration focus on resolving the nuclear deal before pivoting to other issues, such as Iran’s expansionist agenda in the region as well as its ballistic missile programme. On the other hand, Lina Khatib, from Chatham House, has argued for a push to resolve the issues around the missile programme and Tehran's military adventurism in the region as a pre-condition for talks on the JCPOA.
However, Karen Young, from the American Enterprise Institute, has predicted that the first six months of a Biden administration “are not necessarily aligned for good diplomacy”, given that Iran will be holding its presidential election in June, the outcome of which could well decide its foreign policy priorities.
Were progress not to be made on the JCPOA front, Russia’s sponsorship of a deal involving Syria, Israel and Iran would amount to a significant development.
Furthermore, it will be entirely in line with the messages coming out of Moscow that speak to a desire on Russia’s part to follow a path of “moderation” and a determination to play a constructive role in the world, including in the Middle East.
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."
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m