Live updates: Follow the latest news on Israel-Gaza
Foreign ministers from France, Italy and Germany gained EU support on Monday for proposed new sanctions against Palestinian militant group Hamas in response to the October 7 attack on southern Israel.
The three countries are calling for further sanctions against the group, which was added to the EU terror list in 2003. Officials said the push had gained full support from the 27 members.
The bloc on Friday issued targeted sanctions for the first time against two of Hamas's senior military commanders to its terror blacklist, linking them directly to the October 7 attacks on Israel that killed 1,200 people.
“We must go further and allow additional individual designations,” French Foreign Minister Catherine Colonna said as she discussed the proposal on arrival at a meeting with her EU counterparts in Brussels.
The proposal aims to deprive Hamas of funding, weapons, infrastructure and political support outside Gaza. Hamas political officials are present in a number of Arab countries, including Qatar and Lebanon.
It is important to show the EU's commitment in fighting Hamas and solidarity with Israel, the three European countries said in a letter to the EU's top diplomat Josep Borrell asking for a new EU sanctions regime.
The aim is also to “delegitimise the false narrative of Hamas as 'defender of the (just) Palestinian cause' and 'representative of the Palestinian people'”, an EU diplomat told The National.
More calls for pauses
EU foreign ministers are expected to reaffirm the bloc's call for “pauses” in the conflict in Gaza, a position the bloc's 27 leaders agreed on in October. Mr Borrell has made it clear that he thinks a ceasefire is necessary but there has been no consensus so far for such a call.
The prime ministers of four EU countries – Spain, Belgium, Ireland and Malta – wrote to EU Council President Charles Michel, asking for a “lasting humanitarian ceasefire”.
“Two months since hostilities broke out, the death toll, the level of destruction and the dire humanitarian situation in the Gaza Strip are alarming,” read the letter seen by The National.
Israel's military response to the October 7 attacks has been to seek to drive Hamas out of the enclave with intense bombardment and ground raids. So far the operation has killed more than 18,000 Palestinians, according to local authorities.
Latest from Israel-Gaza war – in pictures
Mr Borrell, a Spanish politician, said he was “unhappy” with the US veto of an Arab-drafted resolution calling for a ceasefire at the UN Security Council on Friday as he arrived at the Brussels meeting. “All the prospects are really, really bleak in Gaza,” said Mr Borrell.
The EU has also started considering retaliatory measures against extremist Israeli settlers in the occupied West Bank, where violence has flared in parallel to the war in Gaza.
The perception among several countries, including Ireland, Belgium and France, is that these acts of violence undermine the long-term prospect of a two-state solution.
At least 249 Palestinians have been killed since October 7 in the West Bank, including in East Jerusalem, according to the UN.
That figure includes 239 killed by Israeli forces, eight by Israeli settlers and another two by either the army or settlers. In parallel, four Israelis, including three soldiers, have been killed in the West Bank and another four in West Jerusalem, including one by Israeli forces who misidentified him.
Belgian Foreign Minister Hadja Lahbib told reporters that she would ask her counterparts to apply a travel ban across Schengen territory.
In the absence of consensus, EU countries can apply their own restrictions – an option that Ms Colonna said that Paris was considering.
“France is thinking of adopting national measures,” Ms Colonna told reporters. “The situation in the West Bank is worrying us, in particular because of the too numerous cases of violence committed by extremist settlers”, she said.
Ireland's Foreign Minister Micheal Martin said his country was open to independently apply travel restrictions but that working with Europe would "have more impact".
"We want to push that the EU should do it as an entity notwithstanding the challenges that it presents," he said.
“The level of violence that is now being used in the West Bank by settlers also runs the risk of provoking a further implosion in the West Bank, which is the last thing we need right now."
Discussions at EU level to target extremist Israeli settlers gained traction after the US decided last week to ban visas to Israeli settlers who “undermine peace” in the West Bank. There are 700,000 Israeli settlers living illegally in the West Bank.
The impact of a ban on Israeli extremists is not expected to be significant due to previous Israeli governments' support of illegal settlers. Diplomats say that the aim is to symbolically reaffirm the EU's desire for a two-state solution.
But how the EU could stop some Israelis from accessing its territory is open to question.
Countries that are party to the Schengen agreement, which also includes non-EU countries such as Switzerland, can introduce alerts on people in the Schengen Information System.
EU countries reluctant to take measures against Israelis, who have visa-free access to the EU, may be influenced by the US' position, an EU diplomat said last week.
“The US position may help create a strong traction in European debates,” they said.
In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
Based: Dubai
Industry: E-grocery
Initial investment: $150,000
Future plan: Raise $1.5m and enter Saudi Arabia next year
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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THE SPECS
Aston Martin Rapide AMR
Engine: 6.0-litre V12
Transmission: Touchtronic III eight-speed automatic
Power: 595bhp
Torque: 630Nm
Price: Dh999,563
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
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Company%20Profile
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