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Israeli Prime Minister Naftali Bennett on Monday called for international support to tackle Iran’s build-up of nuclear technology and its new squadrons of drone attackers that are wreaking havoc in the Arabian Peninsula.
Addressing the UN General Assembly in New York, Mr Bennett also launched a personal attack on Iranian President Ebrahim Raisi, saying the “butcher” had in the 1980s feasted on cream cakes after overseeing the killings of Iranian civilians.
“Iran seeks to dominate the region — and seeks to do so under a nuclear umbrella,” said Mr Bennett.
“For the past three decades, Iran has spread its carnage and destruction around the Middle East, country after country … Lebanon, Iraq, Syria, Yemen and Gaza.”
This past year, Iran has launched a “new deadly terror unit” in the form of “swarms of killer UAVs [unmanned aerial vehicles] armed with lethal weapons that can attack any place any time".
“Iran has already used these deadly UAVs — called Shahed 136 — to attack Saudi Arabia, US targets in Iraq and civilian ships at sea, killing a Brit and a Romanian.”
He also launched a personal diatribe against Mr Raisi, highlighting the killings of some 5,000 Iranian activists during a political crackdown in 1988 and other historic abuses against civilians.
“His nickname is the Butcher of Tehran because that's exactly what he did — butchered his own people,” said Mr Bennett.
“One of the witnesses of this massacre stated in her testimony that when Raisi would finish a round of murder, he'd throw a party, pocketing the money of those he just executed … and then would sit down to eat cream cakes.”
Mr Bennett's fierce assault on Iran was reminiscent of the UN speeches made by his predecessor, Benjamin Netanyahu, who took a similarly tough line on Iran's reported pursuit of nuclear weapons — something that Tehran denies.
Mr Bennett also praised Israel’s recent deals to normalise relations with the UAE, Bahrain and Morocco and encouraged UN members to follow Israel’s anti-Covid-19 strategy by rolling out vaccine booster shots.
Israel has trumpeted its normalisation of diplomatic relations with the UAE and Bahrain, brokered by Washington last year, as paving the way for economic co-operation and a regional stand against shared foe Iran.
Mr Bennett met senior ministers from the UAE and Bahrain in New York on Sunday before his UN address, his office said.
During his meeting with Bahrain’s Foreign Minster Abdullatif bin Rashid Al Zayani and UAE Minister of State for Foreign Affairs Khalifa Shaheen Al Marar, Mr Bennett said Israel hoped to further boost ties with both nations.
“We are stable and we believe in this relationship and we want to expand it as much as possible,” Mr Bennett said in a statement released by his office.
US President Joe Biden has started indirect talks with Iran over reviving the 2015 nuclear deal that his predecessor, Donald Trump, unilaterally pulled the US out of in 2018, reimposing sanctions that have destroyed Iran’s economy.
Iran's foreign minister on Friday said talks would start again “very soon”, but gave no specific date. Russian Foreign Minister Sergey Lavrov on Saturday urged the US to play a “more active” role in resuming stalled talks towards reviving the 2015 nuclear accord.
Zayed Sustainability Prize
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
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
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