Israel has granted European spymasters access to parts of the secret Iranian nuclear files spirited by Mossad from Tehran ahead of a visit by Benjamin Netanyahu to Germany, France and Britain this week.
The European powers' dogged determination to uphold the 2015 agreement even after President Donald Trump pulled the US out of the accord has dismayed Mr Netanyahu.
A briefing dossier prepared for the trip shows key parts of the Iranian government's work to convert the country’s nuclear development activities into an atomic bomb. Israel said the material proves Iran harbours plans to build a bomb.
Protests are expected to dog Mr Netanyahu over the bloodshed on the Gaza border, where Israeli forces turned their guns on demonstrators asserting their right to return on the 70th anniversary of the Nakba expulsions. However the Israeli leader hopes to keep the focus of his visit on his country's preoccupation with Iran.
David Albright, a US expert on Iran's nuclear programme, told the Times newspaper that the memos culled from the trove of material Israel took from Iran should prompt those still in the deal to set an ultimatum to Iran. Mr Albright said the Israeli revelations underpinned his belief that Iran's Fordow underground enrichment facility was designed to produce weapons-grade uranium.
He said Iran should now face demands for an audit of its military bases for hidden nuclear activity.
“If it refuses then the Iran agreement should be discarded and the world should return to a pressure campaign and the re-imposition of sanctions,” he said.
Mr Netanyahu began his tour with a meeting with German Chancellor Angela Merkel and is set to hold working discussions with French President Emmanuel Macron and British Prime Minister Theresa May.
"I will meet there with three leaders and will discuss two subjects: Iran and Iran," he said at the airport before leaving. "It could be that on this matter there isn't a consensus right now, but with time, in my opinion, that understanding will be reached."
Peter Lintl, a German international relations expert, said the visit was likely to do little to change minds in the short term, especially in Berlin which has close trading ties with Iran. “Germany believes that the nuclear agreement with Iran was a step in the right direction,” he said. “Israel, on the other hand, says that the agreement offers Iran the opportunity to develop a nuclear bomb — even under the guise of alleged legitimacy — thanks to the deal.”
Israeli officials said Mr Netanyahu was ready to chip away at European support for the deal, viewing the difficulties of maintaining the deal as rising over time.
"There's no secret that the prime minister wants to completely change the agreement and replace it with an agreement that covers the issues that are missing," said Oded Eran, a former Israeli ambassador now working at the Institute for National Security Studies at Tel Aviv University. "I don't think that he will change the policy, but he will get maybe a commitment to work on the missing points."
The second aspect of the discussion on Iran is the country’s position in Syria where Mr Netanyahu fears the establishment of a permanent Tehran-controlled military presence within striking distance of his country. “Israel will continue to maintain full freedom of action in the country in accordance with its security needs,” the Israeli leader told a cabinet meeting before his departure.
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Amid growing debate in France about the rise of anti-Semitism, Mr Netanyahu and Mr Macron are set to launch a far-reaching programme of cultural exchanges that will see approximately 400 events staged in both countries.
The two leaders will take part in a gala launch titled Israel@Lights at the Grand Palais gallery on Paris's Champs Elysées.
In Britain, concerns over anti-anti-Semitism are focused at the political level, with the opposition Labour party under fire for harbouring activists with hateful views. Commentators in Israel have said that under the Conservative government and with the prospect of Britain leaving the EU, ties with London are closer than at any time since the creation of Israel.
The first official visit by a senior member of the royal family will take place when Prince William travels to the region in a few weeks. The Haaretz newspaper said the visit would lift one of the "black clouds" that had lingered since the end of the British mandate in Palestine in 1948. "Israel's foreign service considers the upcoming event to be a breakthrough," the newspaper said. "On numerous occasions in the past, various individuals and organisations sought to invite the queen herself or representatives of the crown to Israel, but the Foreign Office blocked the moves."
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
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Section 375
Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat
Director: Ajay Bahl
Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL
Rating: 3.5/5
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
RACE CARD
5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
Company Profile
Founder: Omar Onsi
Launched: 2018
Employees: 35
Financing stage: Seed round ($12 million)
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.