The UN on Monday raised about $1.2 billion in aid for millions of people in war-torn Yemen, as hopes persist that a fragile truce could foster a durable peace.
The world body is seeking far more than that — $4.3 billion — at a pledging conference in Geneva this week. The UN hopes additional donations will flow in, but it is unlikely the target amount will be met.
Addressing donors, UN Secretary General Antonio Guterres said the aid being pledged “saves lives but it cannot resolve the conflict itself”.
“We have a real opportunity by renewing and expanding the truce, by advancing the political process,” he said.
More than one third of the money pledged on Monday came from the US, which will donate $444 million, bringing Washington's humanitarian aid to Yemen to more than $5.4 billion since the conflict began, Secretary of State Antony Blinken said.
“The United States' commitment to alleviating the suffering of millions from the world’s worst humanitarian crisis in Yemen remains resolute,” Mr Blinken said in a statement.
The conference took place as the warring sides continue to observe an informal and fragile ceasefire. Efforts are under way to declare a new truce after the parties failed to renew a UN-brokered truce in October.
Diplomats expressed “cautious hope” after the six-month truce last year brought “much-needed respite” to civilians and helped avert a famine.
More than 21 million people in Yemen, or two thirds of the country's population, need aid and protection, reported the UN Office for the Co-ordination of Humanitarian Affairs, which said the humanitarian needs in Yemen are “shocking”.
Of those in need, more than 17 million are considered particularly vulnerable.
In Monday's first pledge, German Foreign Minister Annalena Baerbock said her country would provide €120 million ($127 million).
“This terrible humanitarian disaster is one the world repeatedly and much too often has almost closed its eyes to,” she said, and added that 400,000 children in the country are suffering from “the severest, most extreme hunger”.
The $4.3 billion appeal for 2023 is almost double the $2.2 billion that the UN received in 2022 to fund its humanitarian programme in Yemen.
Underfunding has led to agencies scaling back Yemen aid projects, including food supplies, in the past couple of years.
Last year, donors gave $2.2 billion of the $4.27 billion sought, UN data showed.
The conflict has killed more than 150,000 people, including about 14,500 civilians. The war has also created a horrendous humanitarian crisis, leaving millions suffering from food and medical care shortages and pushing the country to the brink of famine.
Yemeni Prime Minister Maeen Abdulmalek Saeed told Monday's conference: “Ending the humanitarian crisis starts with ending the war.”
UN humanitarian chief Martin Griffiths said it was “rather sad” to reach the seventh such pledging conference for Yemen but hoped it would be the last.
“The fact is the Yemeni crisis has gone on far too long, punishing millions of innocent people who didn't want it in the first place, and deserve so much better,” he said.
Agencies contributed to this report
CREW
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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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Company: Rent Your Wardrobe
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Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
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Company: Justmop.com
Date started: December 2015
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The years Ramadan fell in May
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