US President Joe Biden on Tuesday used his first major batch of foreign ambassador nominations to signal a desire to strengthen relationships to deal with challenges in the Middle East, Central America and Russia.
Mr Biden tapped Morgan Stanley vice-chairman Thomas Nides, a one-time aide to former secretary of state Hillary Clinton, as ambassador to Israel. Nides's nomination comes only two days after Israel's parliament seated a new governing coalition led by nationalist Naftali Bennett, ending Benjamin Netanyahu's 12-year run as prime minister.
As ambassador to Mexico, Mr Biden picked Ken Salazar, a Spanish-speaking Latino lawyer and former US senator from Colorado and interior secretary. Mexico is a top US trading partner and the new ambassador will also work to limit immigration from Central America.
Mr Biden chose security expert Julianne Smith to represent Washington on Nato's Council.
The White House announced nine total ambassador nominations after Mr Biden wrapped up meetings in Europe with the Group of Seven countries and Nato, all traditional US allies, and prepared for Wednesday's meeting with Russian leader Vladimir Putin, a meeting that could be tense.
Nominees do not become ambassadors until they are confirmed by the US Senate.
Mr Biden has yet to announce most of his picks, from Russia and China to most countries represented at the meetings in Europe.
Mr Nides, regarded as committed to close US-Israeli security ties, could face a tough task dealing with factions of the country's left-wing, centrist, right-wing and Arab parties that had little in common except a desire to unseat Mr Netanyahu.
'Great Access'
Dennis Ross, a former Middle East negotiator under Republican and Democratic administrations, described Mr Nides as having close ties to Biden, Secretary of State Antony Blinken and national security adviser Jake Sullivan.
"An ambassador who is authoritative and has great access is what matters. He is both," Mr Ross said.
The Biden administration faced criticism for lacking high-level diplomatic representation in Israel during its 11-day conflict with Hamas in Gaza last month.
Although Mr Biden and Mr Netanyahu spoke regularly during the conflict, they clashed over issues including Biden's desire to rejoin a 2015 nuclear deal with Israel's arch-foe Iran. Bennett also opposes the deal.
Mr Salazar is a partner at the law firm Wilmer Cutler Pickering Hale and Dorr. Ms Smith is an aide to Mr Blinken and was Mr Biden's national security adviser when he was vice president.
Mr Nides and Mr Salazar were also both major fundraisers for Mr Biden's presidential campaign, often a prerequisite for top politically appointed ambassadors.
The White House said Mr Biden picked CB "Sully" Sullenberger to be an ambassador and serve as the US representative on the Council of the International Civil Aviation Organisation.
Mr Sullenberger rose to fame in 2009 after gliding his Airbus A320 to a safe landing on the Hudson River after hitting a flock of geese shortly after takeoff, an incident immortalised as the "Miracle on the Hudson". He also joined Biden on the presidential campaign trail.
Mr Biden also named ambassador picks to Sri Lanka, Gambia, Guinea, Paraguay and Costa Rica.
In April, Mr Biden picked nine career US foreign service officers as ambassadors.
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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
COMPANY%20PROFILE
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FA Cup semi-finals
Saturday: Manchester United v Tottenham Hotspur, 8.15pm (UAE)
Sunday: Chelsea v Southampton, 6pm (UAE)
Matches on Bein Sports
Company%20Profile
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Killing of Qassem Suleimani
Killing of Qassem Suleimani
The specs: 2018 Opel Mokka X
Price, as tested: Dh84,000
Engine: 1.4L, four-cylinder turbo
Transmission: Six-speed auto
Power: 142hp at 4,900rpm
Torque: 200Nm at 1,850rpm
Fuel economy, combined: 6.5L / 100km
COMPANY%20PROFILE
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Profile of Tamatem
Date started: March 2013
Founder: Hussam Hammo
Based: Amman, Jordan
Employees: 55
Funding: $6m
Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media
The biog
Title: General Practitioner with a speciality in cardiology
Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India
Education: Medical degree from the Government Medical College in Nagpur
How it all began: opened his first clinic in Ajman in 1993
Family: a 90-year-old mother, wife and two daughters
Remembers a time when medicines from India were purchased per kilo
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs