On June 22, Israeli Prime Minister Benjamin Netanyahu delivered a speech praising his country’s wave of air strikes against Iran. “Two days after the war began, I said: ‘We will change the face of the Middle East’,” Mr Netanyahu stated. “That is exactly what we are doing. Even if difficult days lie ahead, with God’s help, we will see days of greatness, unity, power – and peace.”
It is true that the region is changing, but not in the way Mr Netanyahu may have had in mind.
On Monday, Arab and Muslim nations – representing a diversity of views and priorities – came together in Doha. With one voice, they condemned last week’s Israeli air strike on the Qatari capital, called for a halt to the war on Gaza and warned that Israeli policies of starvation and annexation were undermining “any chance of achieving peace in the region”.
Indeed, “peace” was a recurring theme in Doha, with the word appearing no fewer than 17 times in the emergency summit’s final declaration. This communique joins other significant examples of Arab and Muslim outreach regarding a better future for the Middle East. These include the Arab Peace Initiative, first endorsed in 2002, which offers Israel normalisation in return for a just settlement with the Palestinians.
More recently, the July 29 New York Declaration at the UN offered “tangible steps in promoting mutual recognition, peaceful coexistence and co-operation among all States in the region” as well as condemning the October 7, 2023, Hamas-led attacks against civilians.
It is difficult not to compare the settled, public position of much of the Arab and Muslim world’s leaders – normalisation and engagement in return for peace – with the kind of statements coming from those in positions of authority in Israel. “Gaza is burning,” the country’s Defence Minister Israel Katz wrote on X yesterday after heavy air strikes pounded Gaza city. A day before, Mr Netanyahu, standing beside US Secretary of State Marco Rubio at a news conference in Jerusalem, was unmoved when asked about the Doha strike and did not rule out further attacks on Hamas leaders “wherever they are”. Meanwhile, Israeli forces continue to occupy and bombard parts of Lebanon and Syria.
Israel may believe that it can ignore Arab-led peace initiatives, with supportive visits such as Mr Rubio’s this week seemingly buttressing the Israeli leadership’s decision to put all its security eggs in one US basket. But Mr Rubio has acknowledged the critical role Arab states continue to play in shaping the region’s future – including that of Israel. On Tuesday, Mr Rubio departed Israel to travel to Doha, where he said that “if there’s any country in the world that could help end [the Gaza war] through a negotiation, it’s Qatar”.
Israel’s policy of using violence the solve everything has led it into a dead end – and the way out is clear for those with the vision to see it
For Israel, therefore, ignoring Arab concerns – many of which are echoed by the international community – is very risky. A sense of international and regional estrangement may even be getting through. On Monday, Israeli media quoted Mr Netanyahu speaking at a Finance Ministry conference where he admitted the country was “entering a kind of isolation, and we will have to increasingly adjust to an economy with characteristics of self-sufficiency”. His remarks were followed by a dip on the Tel Aviv stock exchange.
On Friday, the UN General Assembly approved the French-Saudi proposal on building a two-state solution to the Palestine-Israel conflict. There is less than one week until France and Saudi Arabia lead another high-level conference on the issue in New York. It would be naive to expect Israel’s leadership to change course in the coming few days, but when confronted by dozens of neighbours – some of whom are treaty partners – meeting in Doha and its own Prime Minister acknowledging that its economy is now at risk, the country is watching its non-US alliances fray and its isolation becomes more profound. Israel’s policy of using violence to respond to all developments has led it into a dead end – and the way out is clear for those with the vision to see it.
Brief scores:
Huesca 0
Real Madrid 1
Bale 8'
World record transfers
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
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The Dictionary of Animal Languages
Heidi Sopinka
Scribe
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
First Person
Richard Flanagan
Chatto & Windus
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
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The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
UAE currency: the story behind the money in your pockets
Remaining Fixtures
Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
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
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Afghanistan squad
Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.
'Nope'
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