At times of national crisis, politicians will often come together in an emergency meeting to offer leadership, direction and – ideally – solutions.
In 2002, the UK Parliament held an emergency debate on the government’s decision to send 1,700 combat troops to Afghanistan. Nine days after the 9/11 attacks, US president George W Bush addressed worried legislators meeting in a joint session of Congress and in 1962, leading Indian politician Atal Bihari Vajpayee sought and secured an emergency meeting of MPs amid the Sino-Indian War.
The seriousness of such national challenges demand that a country’s leaders turn up and be counted. In Lebanon, however, the MP with the best attendance record this year is one who has been on a sit-in protest in parliament that has lasted for more than 400 days.
In a demonstration aimed at his fellow MPs for their long-running failure to convene and elect a president, Melhem Khalaf has shone a spotlight on the bitterly divided 128-seat legislature, which is comprised mainly of parliamentarians from parties that have long been accused of protecting their own interests. MPs have not met to vote since last June and parliament has failed on 12 occasions to elect a successor to the last president, Michel Aoun.
This would be a sign of profound dysfunction at the best of times, but the failure to provide political leadership at this particular moment – when Lebanon is being bombed by the Israeli military, remains mired in a long-running economic crisis, has to contend with Hezbollah’s refusal to disarm and faces the threat of war as the Gaza crisis deepens – is deeply troubling.
How can recalcitrant political parties be persuaded to put their divisions aside and come together for the good of a country facing extreme peril? Mr Khalaf is a lawyer by profession and a former head of the Beirut Bar Association, so he brings a typically legal focus to the problem. According to him, Article 74 of the Lebanese constitution says parliament should be convened immediately to elect a president in the event of a leadership vacuum. Clearly, that requirement has been ignored.
Perhaps the judiciary – one of Lebanon’s last remaining functional institutions –can turn this situation around? Compelling politicians to abide by the legal requirements of the constitution and carry out their duties may be a way of at least getting the legislature up and running again.
Lebanon has a strong history of legal expertise; the election of Lebanese judge Nawaf Salam as president of the International Court of Justice last month provides an example of the quality of legal minds available. But this is not to suggest that taking the legal route to end Lebanon’s political paralysis is perfect. The country’s judiciary has been in turmoil over the handling of a long-running investigation into the 2020 Beirut port blast.
Nevertheless, for a country crying out for capable leadership in a moment of acute crisis, it may be the case that a judicial examination of parliament’s failure to get the job done may be in order. In Roman times, Beirut was known as the “mother of laws” for its prominence as a centre of legal study. This moniker has remained the motto of Lebanon's capital and adorns the city's flag. A return to this reputation is long overdue.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
MATCH INFO:
Second Test
Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi
Entrance is free