US President Joe Biden will host Afghan President Ashraf Ghani and the chairman of the Afghan High Council for National Reconciliation, Abdullah Abdullah, at the White House on June 25, 2021. AP
US President Joe Biden will host Afghan President Ashraf Ghani and the chairman of the Afghan High Council for National Reconciliation, Abdullah Abdullah, at the White House on June 25, 2021. AP
US President Joe Biden will host Afghan President Ashraf Ghani and the chairman of the Afghan High Council for National Reconciliation, Abdullah Abdullah, at the White House on June 25, 2021. AP
US President Joe Biden will host Afghan President Ashraf Ghani and the chairman of the Afghan High Council for National Reconciliation, Abdullah Abdullah, at the White House on June 25, 2021. AP

Joe Biden to host Afghan President Ashraf Ghani at White House


Bryant Harris
  • English
  • Arabic

US President Joe Biden will host Afghanistan’s President Ashraf Ghani and the chairman of the High Council for National Reconciliation, Abdullah Abdullah, at the White House this week.

The meeting on Friday “will highlight the enduring partnership between the United States and Afghanistan as the military drawdown continues”, White House press secretary Jen Psaki said in a statement issued on Sunday.

“The United States is committed to supporting the Afghan people by providing diplomatic, economic and humanitarian assistance to support the Afghan people, including Afghan women, girls and minorities.”

In April, Mr Biden said the US would end its two-decade military mission in Afghanistan and withdraw all troops by September 11.

On Thursday, Defence Secretary Lloyd Austin told Congress more than half of the withdrawal was complete.

Mr Austin also assessed there to be a "medium" chance that terrorist groups such as Al Qaeda and ISIS could regroup in Afghanistan and pose a threat to the US within two years of its withdrawal.

“The United States will remain deeply engaged with the government of Afghanistan to ensure the country never again becomes a safe haven for terrorist groups who pose a threat to the US homeland,” Ms Psaki said.

“The United States continues to fully support the ongoing peace process and encourages all Afghan parties to participate meaningfully in negotiations to bring an end to the conflict.”

The Biden administration has said it is committed to continuing security, economic and development aid to Afghan forces, but several senators have threatened to impose conditions on that assistance should the Taliban clamp down on human rights, as part of any future Afghan government.

Bio:

Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour

Favourite Hobby: Serving poor people 

Favourite Book: The Alchemist by Paulo Coelho

Favourite food: Fish and vegetables

Favourite place to visit: London

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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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UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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