• The US Department of Defence agreed with Lockheed Martin to build about 375 F-35 fighter jets over three years. This Pentagon-supplied photo shows a US Air Force F-35 Lightning II being refuelled over Poland in February 2022.
    The US Department of Defence agreed with Lockheed Martin to build about 375 F-35 fighter jets over three years. This Pentagon-supplied photo shows a US Air Force F-35 Lightning II being refuelled over Poland in February 2022.
  • A Lockheed Martin F-35 Lightning jet at the ILA Berlin Air Show 2022 in Schoenefeld, Germany, 22 June 2022. EPA
    A Lockheed Martin F-35 Lightning jet at the ILA Berlin Air Show 2022 in Schoenefeld, Germany, 22 June 2022. EPA
  • A Lockheed Martin F-35C Joint Strike Fighter is shown on the deck of the USS Nimitz aircraft carrier. Reuters
    A Lockheed Martin F-35C Joint Strike Fighter is shown on the deck of the USS Nimitz aircraft carrier. Reuters
  • An Israeli Air Force F-35 Lightning II fighter jet performing at the Hatzerim base in the Negev desert, near the southern city of Beer Sheva, Israel. AFP
    An Israeli Air Force F-35 Lightning II fighter jet performing at the Hatzerim base in the Negev desert, near the southern city of Beer Sheva, Israel. AFP
  • A US F-35 fighter jet flies over the Eifel Mountains near Spangdahlem, Germany on February 23, 2022. AP
    A US F-35 fighter jet flies over the Eifel Mountains near Spangdahlem, Germany on February 23, 2022. AP
  • F-35C Lightning IIs on a test flight in the Atlantic test range. The programme is now the most expensive in US military history. Lockheed has pledged to cut costs. AFP
    F-35C Lightning IIs on a test flight in the Atlantic test range. The programme is now the most expensive in US military history. Lockheed has pledged to cut costs. AFP
  • Lockheed Martin's F-35 helped the company boost profit in the first quarter. Reuters
    Lockheed Martin's F-35 helped the company boost profit in the first quarter. Reuters
  • Manufactured by Lockheed Martin, the F-35 is America's next-generation stealth fighter jet. Reuters
    Manufactured by Lockheed Martin, the F-35 is America's next-generation stealth fighter jet. Reuters
  • Three F-35A Lightning IIs assigned to the 4th Expeditionary Fighter Squadron taxi after landing at Al Dhafra Air Base, UAE. Photo: US Air Force
    Three F-35A Lightning IIs assigned to the 4th Expeditionary Fighter Squadron taxi after landing at Al Dhafra Air Base, UAE. Photo: US Air Force
  • A Lockheed Martin F-35A fighter jet on a training mission in Hill Air Force Base, Utah. Bloomberg
    A Lockheed Martin F-35A fighter jet on a training mission in Hill Air Force Base, Utah. Bloomberg
  • An RAF F-35B Lightning 11 supersonic stealth strike fighter, built by the US plane maker Lockheed Martin, touches down in the UK. Getty
    An RAF F-35B Lightning 11 supersonic stealth strike fighter, built by the US plane maker Lockheed Martin, touches down in the UK. Getty
  • An F-35 Lightning II, built by Lockheed Martin, at the Joint Reserve Base, Fort Worth, Texas. AFP
    An F-35 Lightning II, built by Lockheed Martin, at the Joint Reserve Base, Fort Worth, Texas. AFP
  • A US F-35A stealth fighter jet at an unspecified location. EPA
    A US F-35A stealth fighter jet at an unspecified location. EPA
  • A formation of US Air Force F-35 Lightning II fighter jets perform aerial maneuvers during as part of a combat power exercise. Reuters
    A formation of US Air Force F-35 Lightning II fighter jets perform aerial maneuvers during as part of a combat power exercise. Reuters
  • A US F-35A fighter jet prepares to land at Chungju Air Base in Chungju, South Korea. AP
    A US F-35A fighter jet prepares to land at Chungju Air Base in Chungju, South Korea. AP

US F-35 sale to UAE shows regional shifts and improves Emirati deterrence in region


Joyce Karam
  • English
  • Arabic

The State Department’s authorisation on Tuesday to sell 50 F-35 jets to the UAE signals a regional shift and a changed military landscape in the Middle East.

The sale, long sought by the UAE, is valued at $10.4 billion. But it is the Emirates signing the Abraham Accords to normalise relations with Israel that could bring the sale to conclusion, if it is not derailed in Congress.

A State Department official stressed the long relations between the US and UAE, the threat from Iran and the Abraham Accords as reasons behind approval for the sale of the stealth fighter jets.

“The US-UAE relationship stretches back decades and is a force for peace and stability in the Gulf,” the official said.

“The F-35 helps them defend against and deter increasing dangers from Iran … and demonstrates our commitment to the success of the Abraham Accords."

Congress has 30 days to review the sale but its approval is not required for it to go through.

The Senate foreign relations committee has been in contact with the administration for two weeks over the issue.

The committee could choose to put a hold on the sale, or move legislation to try to block it which, if passed, could be vetoed by the departing president, Donald Trump.

US Secretary of State Mike Pompeo appeared confident on Tuesday that the sale would go through without complications in Congress.

“We’re confident we will be able to provide them weapon systems that will ensure their security and do the work that we all need to do collectively to counter the threat from the Islamic Republic of Iran,” Mr Pompeo said.

Marcelle Wahba, president emeritus at the Arab Gulf States Institute in Washington and a former US ambassador to the UAE, regarded the sale as a progression of military and intelligence ties between the two countries.

"The UAE stands out in the region as a long-term, trusted partner," Ms Wahba told The National.

The sale helps the UAE to increase its military deterrence, said Bilal Saab, a former US defence official, who now directs the defence programme at the Middle East Institute.

"This is supposed to amplify the UAE's deterrent against more conventional threats," Mr Saab told The National.

"The UAE has no choice but to maintain air dominance vis-a-vis its adversaries and the F-35 certainly helps in that regard."

He said the UAE’s military competence answered concerns from Congress as to how the jets would be used.

"I'm not worried about how the Emiratis will use this platform," Mr Saab said. "Unlike most other air forces in the region, theirs is a competent one."

Politically, the sale would not have been possible without the Abraham Accords, says Nick Heras, director of government relations at the Institute of the Study of War.

“The sale of F-35s to the UAE is a sign of a shifting regional alliance structure in the Middle East," Mr Heras said.

"This move would have been unthinkable without the Abraham Accords because of the bipartisan Congressional desire to maintain Israel's qualitative military edge."

He said that an 11th-hour complication with Congress could arise but that the Abraham Accords have eased Congressional concern.

Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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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PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

Results:

5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)

5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly

6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani

7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel

7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel

Directed by: Craig Gillespie

Starring: Emma Stone, Emma Thompson, Joel Fry

4/5

The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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

What's%20in%20my%20pazhamkootan%3F
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