Lebanese soldiers stand on a hill overlooking the Israeli town of Metula, as a man waves the Palestinian and Hezbollah flags, in Kfar Kila, southern Lebanon, on Monday. So far, there have been only limited exchanges between the Israeli military and Hezbollah amid the violence in Gaza. AP
Lebanese soldiers stand on a hill overlooking the Israeli town of Metula, as a man waves the Palestinian and Hezbollah flags, in Kfar Kila, southern Lebanon, on Monday. So far, there have been only limited exchanges between the Israeli military and Hezbollah amid the violence in Gaza. AP
Lebanese soldiers stand on a hill overlooking the Israeli town of Metula, as a man waves the Palestinian and Hezbollah flags, in Kfar Kila, southern Lebanon, on Monday. So far, there have been only limited exchanges between the Israeli military and Hezbollah amid the violence in Gaza. AP
Lebanese soldiers stand on a hill overlooking the Israeli town of Metula, as a man waves the Palestinian and Hezbollah flags, in Kfar Kila, southern Lebanon, on Monday. So far, there have been only li


The Israel-Gaza conflict is deadly and dangerous, but no one will win from a regional war


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October 11, 2023

Of all the parallels being drawn between the latest violence afflicting Israel and Gaza, the Arab-Israeli war of 1973 has emerged as a common reference point for people who fear this crisis will develop into a regional confrontation. It is easy to understand why: 50 years ago, a surprise attack on a Jewish religious holiday caught the Israeli state off-guard. A full-scale war ensued that went on to change the direction of this region forever.

Many people today, while aghast at this latest round of bloodshed in Palestine and Israel, are understandably concerned it contains the seeds of a similarly uncontrollable conflagration. Already, there have been clashes between Hezbollah and Israeli forces near Lebanon’s southern border, Hamas has reportedly called for a “general mobilisation” among the Arab and Islamic world on Friday and Iran-backed Shiite political parties and militias in Iraq warned the US on Monday that they would target its assets in the region if it intervened directly in the Israel-Gaza conflict.

An Israeli soldier sits in the back of a tank near the border with the Gaza Strip on Monday. More than 300,000 Israeli reservists have been mobilised. AFP
An Israeli soldier sits in the back of a tank near the border with the Gaza Strip on Monday. More than 300,000 Israeli reservists have been mobilised. AFP

There is no shortage of potential triggers that could draw in regional actors and escalate the current violence. These include Israel’s claim to have killed at least 1,500 Hamas operatives, the country’s mobilisation of 300,000 reservists – the largest number in its history – for a potential ground assault on Gaza, Hamas threats to execute Israeli hostages, as well as the displacement of more than 187,000 Gazans in Israeli air strikes that have already cost many civilian lives.

But 2023 is not 1973. Despite the dire circumstances being endured by many people in Palestine and Israel right now, it is not certain that a wider war is coming. So far at least, the gap between angry rhetoric and reality is significant. Iran, which is a major backer of Hamas, released a statement at the UN that denied involvement in Saturday's cross-border attack, saying “these actions are solely determined by the Palestinians themselves" and calling on Palestinians “to exercise their own judgment in determining their course of action". Most Arab countries have called for de-escalation and are seeking a political solution to the conflict. Egypt, the Arab world’s most populous country and one of the protagonists of the 1973 war, has spent years working in parallel with Israel on security matters. Even Hezbollah has yet to go fully on the offensive, knowing as it does that a Lebanese society exhausted by economic turmoil has little appetite for all-out war with Israel.

It may be the case that there is little to be gained by Israel’s enemies among the so-called Axis of Resistance in pursuing a full-scale conflict. Michael Young, The National’s Lebanon affairs columnist, wrote this week that “having scored a harsh blow against Israel, it makes more sense for them to pause and exploit their success politically, than to enter into a war whose ultimate consequences may actually weaken the Axis of Resistance”.

However, this is no time for complacency. Even a simple miscalculation in what is a rapidly developing situation could be enough to overturn even the most rational calculus currently held by the region’s many players. And although a lot of diplomacy and communication is taking place, there is a dearth of realistic and new ideas about how to get out of this situation. Even if the region avoids an all-out war this time, the status quo cannot continue. To let the occupation and attempted dismemberment of Palestine continue, and to allow extremism to fester, is to condemn all sides to a forever war that no one can truly win.

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Four tips to secure IoT networks

Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

- Always create a different guest network for visitors

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

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club

  • 1st ODI, Wednesday, April 10
  • 2nd ODI, Friday, April 12
  • 3rd ODI, Sunday, April 14
  • 4th ODI, Sunday, April 16

Squads:

  • UAE: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
  • Zimbabwe: Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura
THE BIO: Mohammed Ashiq Ali

Proudest achievement: “I came to a new country and started this shop”

Favourite TV programme: the news

Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”

Family: six sons in Dubai and a daughter in Faisalabad

 

RESULT

Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')

Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt

Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

Number of Employees: 18 employees, including full-time and flexible workers

Funding stage and size: Seed round completed Q4 2019 - $1m raised

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

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Updated: October 11, 2023, 10:01 AM