Live updates: Follow the latest news on Israel-Gaza
Volunteers turned out in force to provide a vital helping hand in Abu Dhabi on Sunday for people affected by the Israel-Gaza war.
More than 1,000 people of various nationalities packed vital supplies into boxes such as dry food, blankets, baby diapers and medical supplies for Palestinian families displaced by the war, at Abu Dhabi Ports Hall in Mina Zayed.
The UAE initiative – called Compassion for Gaza – was organised by the Emirates Red Crescent and took place on Sunday, with plans to expand to other emirates at a later date.
Sunday was the only day volunteers could attend.
A duty to help
From 9am, volunteers waited to enter the halls where organisers set up several assembly lines.
Areas were dedicated to food, clothing, hygiene items, medical supplies and items for women and children.
Eslam Abdulfattah, an Egyptian teacher in Abu Dhabi, was part of the first batch of volunteers who arrived in the morning.
He came along with his wife and two children, aged eight and 10.
"We all work as volunteers in ERC. I brought my family to help. Those boxes will arrive to our brothers in Gaza," Mr Abdulfattah said.
"My family enjoy volunteer work and we have participated in many other ERC campaigns."
Volunteer Abdullah Al Meskari, 31, said he decided to join the efforts to collect aid for the Palestinian people.
"It is our duty to help our brothers in Gaza. These boxes will reach the women, children and the elderly in Gaza," he said.
"It is the first time I have done volunteer work but I feel like I'm doing something to help the Palestinian people."
It is our duty to help our brothers in Gaza. These boxes will reach the women, children and the elderly in Gaza
Abdullah Al Meskari,
31
It is also the first time Yousef Al Mubarak, seven, and his family have volunteered.
He came along to the centre with his Palestinian mother and his older siblings to wrap food supplies in boxes.
"I want to help as the food will reach the children of Gaza," Yousef told The National.
Yousef's mother, Nadia, said she wanted her children to take part in the drive. They wrapped boxes for an hour in the centre before giving up space for other volunteers.
"We are here to show them [Palestinians] that we support them and how much we love them," she said.
Envoy hails UAE support
Rashid Mubarak Al Mansouri, deputy secretary general for local affairs at ERC, along with ambassador Ali Younis, Charge d'Affaires of the embassy of the State of Palestine in Abu Dhabi, watched the volunteers working tirelessly in the centre during a visit.
"This beautiful scene here in Abu Dhabi isn't strange from the UAE people," Mr Younis told The National. "They are helping to send relief packages to our people in Gaza. No words can describe what I have seen today."
The death toll resulting from days of fierce fighting has exceeded 2,600.
Mr Al Mansouri told The National the UAE would co-ordinate with the Egyptian government to send relief boxes to women and children in Gaza.
"It is an Emirati initiative for the brotherly Palestinian people in light of the difficult humanitarian conditions," he said. "More than 1,000 volunteers came today to collect 13,000 relief boxes.
"There will be a co-ordination with the Egyptian government to send the relief boxes to families and children in Gaza as soon as possible."
Mr Al Mansouri added the ERC would also co-ordinate with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
The campaign has worked with charities, volunteer centres and the private sector to collect relief aid and was launched in collaboration with the World Food Programme.
It comes after President Sheikh Mohamed announced $20 million in aid for the Palestinian people.
On Friday, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, directed an additional Dh50 million in aid to be disbursed through Mohammed bin Rashid Al Maktoum Global Initiatives, Wam reported.
More than 423,000 people have been forced to flee their homes in the Gaza Strip, UN humanitarian agency OCHA said.
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The Byblos iftar in numbers
29 or 30 days – the number of iftar services held during the holy month
50 staff members required to prepare an iftar
200 to 350 the number of people served iftar nightly
160 litres of the traditional Ramadan drink, jalab, is served in total
500 litres of soup is served during the holy month
200 kilograms of meat is used for various dishes
350 kilograms of onion is used in dishes
5 minutes – the average time that staff have to eat
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
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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
Ways to control drones
Countries have been coming up with ways to restrict and monitor the use of non-commercial drones to keep them from trespassing on controlled areas such as airports.
"Drones vary in size and some can be as big as a small city car - so imagine the impact of one hitting an airplane. It's a huge risk, especially when commercial airliners are not designed to make or take sudden evasive manoeuvres like drones can" says Saj Ahmed, chief analyst at London-based StrategicAero Research.
New measures have now been taken to monitor drone activity, Geo-fencing technology is one.
It's a method designed to prevent drones from drifting into banned areas. The technology uses GPS location signals to stop its machines flying close to airports and other restricted zones.
The European commission has recently announced a blueprint to make drone use in low-level airspace safe, secure and environmentally friendly. This process is called “U-Space” – it covers altitudes of up to 150 metres. It is also noteworthy that that UK Civil Aviation Authority recommends drones to be flown at no higher than 400ft. “U-Space” technology will be governed by a system similar to air traffic control management, which will be automated using tools like geo-fencing.
The UAE has drawn serious measures to ensure users register their devices under strict new laws. Authorities have urged that users must obtain approval in advance before flying the drones, non registered drone use in Dubai will result in a fine of up to twenty thousand dirhams under a new resolution approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.
Mr Ahmad suggest that "Hefty fines running into hundreds of thousands of dollars need to compensate for the cost of airport disruption and flight diversions to lengthy jail spells, confiscation of travel rights and use of drones for a lengthy period" must be enforced in order to reduce airport intrusion.
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KILLING OF QASSEM SULEIMANI
KILLING OF QASSEM SULEIMANI
