The new reality taking shape in Syria may be in its infancy but one thing is clear – this is a moment of extreme uncertainty for the country’s people and the wider Middle East. The collapse of six decades of Baath Party rule injects further volatility into a part of the region already destabilised by continuing conflicts.
Syrians are processing this historic moment while some are considering the many questions thrown up by this turning point. The end of the government led by president Bashar Al Assad has been met by a great wave of emotion that is sweeping families in Syria itself and refugee and migrant communities around the world. This is understandable; too many Syrians were treated unjustly by the security apparatus of that government, with thousands forced into exile or imprisoned amid myriad reports of inhumane treatment.
Many others in Syria are apprehensive about the future, and they are right to be so. From Lebanon to Iraq and Yemen to Libya, time and again armed militias have proven that they can secure military victories. They have also proven that they often govern poorly. Speaking about Syria at the IISS Manama Dialogue earlier today Dr Anwar Gargash, diplomatic adviser to the UAE President, was right when he said: "When problems get left unresolved, they get worse ... past events have shown us how important it is to support the national state."
The national state in Syria is changing rapidly and there are new centres of power in this fractured country. The main rebel group that forced Mr Al Assad’s departure – Hayat Tahrir Al Sham – now faces an acid test. It claims to be fighting for a just Syria but its roots in political and religious extremism will reassure few people, especially civilians already wary of the fearsome reputation attached to certain armed factions in the opposition coalition.
The National has argued that the Syrian state must be humane, unitary and robust. The nation cannot continue as a collection of cantons under the sway of various militias and their foreign backers. Given that reality, it is incumbent upon those now on the cusp of power to be the change they claim to be – that means going beyond a mere “rebranding” and proving that they can be responsible administrators. There are signs that this may be possible.
Video has emerged of Syrian Prime Minister Mohammad Al Jalali leaving his home in Damascus with rebel fighters for what could be the first meeting between the insurgency’s leaders and what remains of the government. The rebels have said that Mr Al Jalali, who is regarded as a technocrat, could play a temporary supervisory role.
The end of the government led by President Bashar Al Assad has been met by a great wave of emotion
If the rebels can work constructively with the country’s remaining institutions, thereby avoiding the mistakes seen after the 2003 US-led invasion of Iraq – when the entire state and military were dismantled, leaving behind a dangerous political vacuum – then a better Syria is, perhaps, possible. But there is a formidable list of problems and potential threats to be addressed.
Decades-old wounds in Syrian society need healing. Syria’s economy is broken, its currency devalued and unemployment is rife. The trade in illegal drugs has flourished for many years. Many Syrians rely on aid to survive and thousands are fleeing across the border into Lebanon, a country that has been attacked and invaded by neighbouring Israel. Potential Israeli moves into Syria would be disastrous. In addition, the UN Security Council heard three days ago that Syria’s reported destruction or conversion of chemical warfare agents remains unverified.
Sudden change in Syria is here and must be reckoned with. A renewed war between opposition factions and the Kurdish-led forces in north-eastern Syria, an extremist quasi-administration in Damascus or indiscriminate revenge carried out against government loyalists would all be catastrophic for Syria. Although it is Syria’s people who must decide their future, the international community must rethink its policy of disengagement and be ready to support peace and reconstruction efforts.
There must be hope that Syrians are able to take their fate into their own hands again. Now may be a moment of uncertainty, but very quickly the time will come for the serious business of restoring Syria to its rightful place as a peaceful, stable and indispensable part of the Arab world.
MATCH INFO
League Cup, last 16
Manchester City v Southampton, Tuesday, 11.45pm (UAE)
SERIE A FIXTURES
Friday Sassuolo v Torino (Kick-off 10.45pm UAE)
Saturday Atalanta v Sampdoria (5pm),
Genoa v Inter Milan (8pm),
Lazio v Bologna (10.45pm)
Sunday Cagliari v Crotone (3.30pm)
Benevento v Napoli (6pm)
Parma v Spezia (6pm)
Fiorentina v Udinese (9pm)
Juventus v Hellas Verona (11.45pm)
Monday AC Milan v AS Roma (11.45pm)
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
Boston%20Strangler
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Matt%20Ruskin%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EKeira%20Knightley%2C%20Carrie%20Coon%2C%20Alessandro%20Nivola%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3Cbr%3E%3C%2Fp%3E%0A
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3Ethree%20three%20212.7kWh%20motors%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%201%2C000bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E15%2C600Nm%3Cbr%3E%3Cstrong%3ERange%3A%3C%2Fstrong%3E%20530km%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh500%2C000%2B%20est%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Eearly%202023%3C%2Fp%3E%0A
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
Company profile: buybackbazaar.com
Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million
THE SPECS
Engine: 3-litre V6
Transmission: eight-speed automatic
Power: 424hp
Torque: 580 Nm
Price: From Dh399,000
On sale: Now
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.