Dr Anwar Gargash, Minister of State for Foreign Affairs. Victor Besa / The National
Dr Anwar Gargash, Minister of State for Foreign Affairs. Victor Besa / The National
Dr Anwar Gargash, Minister of State for Foreign Affairs. Victor Besa / The National
Dr Anwar Gargash, Minister of State for Foreign Affairs. Victor Besa / The National

Gargash: UAE-Israel deal will promote peace and two-state solution


Mina Aldroubi
  • English
  • Arabic

The Abraham Accord will strengthen the UAE’s role in promoting peace between Israel and Palestine based on the two-state solution, Minister of State for Foreign Affairs Dr Anwar Gargash said on Thursday.

“It will contribute to our joint efforts to establish an independent Palestinian state,” Dr Gargash said in an online session with the Asia Society.

Last month, the UAE became the first Arab country to normalise ties with Israel in more than 25 years.

The move was followed by the historic signing of the Abraham Accord, the first peace treaty between Israel and an Arab nation since Egypt in 1979 and Jordan in 1994.

The UAE’s Minister of Foreign Affairs and International Co-operation, Sheikh Abdullah bin Zayed, this month signed agreements with Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump at the White House.

Bahrain's Foreign Minister, Dr Abdullatif Al Zayani, was also at the ceremony, signing his country's accord with Israel.

The signing paved the way for full normalisation of relations between Israel and the two Arab countries.

“We understood that it is essential for us to divide the political disagreement from other areas of co-operation," Dr Gargash said.

"It will have better relations and prospects for stability in the region."

He confirmed that the country hoped to appoint an ambassador to Israel by the end of the year.

Dr Gargash said there had been some talk about Mr Netanyahu pulling away from his promise to suspend Palestinian annexation.

“The presence of the US being a glue that brought us all together is, in my opinion, a guarantee,” he said.

“We have allowed the chance for a two-state solution to work and will allow the Palestinians to engage."

  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Cooperation, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Cooperation, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
  • Pope Francis speaks during the United Nations General Assembly seen on a laptop computer in Hastings on the Hudson, New York, US. Bloomberg
    Pope Francis speaks during the United Nations General Assembly seen on a laptop computer in Hastings on the Hudson, New York, US. Bloomberg
  • A man watches the televised speech of Pakistan's Prime Minister Imran Khan. EPA
    A man watches the televised speech of Pakistan's Prime Minister Imran Khan. EPA
  • Scott Morrison, Australia's prime minister, speaks during the United Nations General Assembly. Bloomberg
    Scott Morrison, Australia's prime minister, speaks during the United Nations General Assembly. Bloomberg
  • US President Donald Trump (on screen), as he addresses the general debate of the seventy-fifth session of the United Nations General Assembly. AFP
    US President Donald Trump (on screen), as he addresses the general debate of the seventy-fifth session of the United Nations General Assembly. AFP
  • Russian President Vladimir Putin, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
    Russian President Vladimir Putin, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
  • Xi Jinping, China's president, speaks during the United Nations General Assembly seen on a laptop computer. Bloomberg
    Xi Jinping, China's president, speaks during the United Nations General Assembly seen on a laptop computer. Bloomberg
  • United States President Donald Trump speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
    United States President Donald Trump speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
  • A statue of former South African President Nelson Mandela is seen in the empty arrivals hall at United Nations headquarters during the 75th annual UN General Assembly high level debate. Reuters
    A statue of former South African President Nelson Mandela is seen in the empty arrivals hall at United Nations headquarters during the 75th annual UN General Assembly high level debate. Reuters
  • A UN police officer stands at an empty entrance at the United Nations. AFP
    A UN police officer stands at an empty entrance at the United Nations. AFP
  • Dian Triansyah Djani, left, permanent representative of Indonesia to the UN, takes a photo with Kairat Umarov, centre, permanent representative of Kazakhstan and Tijjani Muhammad-Bande former president of the General Assembly. UN via AP
    Dian Triansyah Djani, left, permanent representative of Indonesia to the UN, takes a photo with Kairat Umarov, centre, permanent representative of Kazakhstan and Tijjani Muhammad-Bande former president of the General Assembly. UN via AP
  • US President Donald Trump (on screen), as he addresses the general debate. AFP
    US President Donald Trump (on screen), as he addresses the general debate. AFP
  • President of the People's Republic of China, Xi Jinping (on screen), as he addresses the general debate. AFP
    President of the People's Republic of China, Xi Jinping (on screen), as he addresses the general debate. AFP
  • President of of Turkey, Recep Tayyip Erdogan (on screen), as he addresses the general debate. AFP
    President of of Turkey, Recep Tayyip Erdogan (on screen), as he addresses the general debate. AFP
  • Donald Trump, president of the United States, speaks in a pre-recorded message. UN via AP
    Donald Trump, president of the United States, speaks in a pre-recorded message. UN via AP
  • Recep Tayyip Erdogan, president of Turkey, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
    Recep Tayyip Erdogan, president of Turkey, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly. UNTV via AP
  • Chinese President Xi Jinping appearing by video link at the United Nations 75th anniversary is seen on an outdoor screen as pedestrians walk past below in Beijing on September 22, 2020. AFP
    Chinese President Xi Jinping appearing by video link at the United Nations 75th anniversary is seen on an outdoor screen as pedestrians walk past below in Beijing on September 22, 2020. AFP
  • United Nations Secretary-General Antonio Guterres speaks during the 75th session of the United Nations General Assembly. UNTV Via AP
    United Nations Secretary-General Antonio Guterres speaks during the 75th session of the United Nations General Assembly. UNTV Via AP
  • Representatives of different countries listen to speakers during the 75th session of the United Nations General Assembly. UNTV via AP
    Representatives of different countries listen to speakers during the 75th session of the United Nations General Assembly. UNTV via AP
  • Brazilian President Jair Bolsonaro speaks in a pre-recorded message. UNTV via AP
    Brazilian President Jair Bolsonaro speaks in a pre-recorded message. UNTV via AP
  • United Nations General Assembly President Volkan Bozkir, of Turkey, speaks during the 75th session of the United Nations General Assembly. UNTV via AP
    United Nations General Assembly President Volkan Bozkir, of Turkey, speaks during the 75th session of the United Nations General Assembly. UNTV via AP
  • Brazilian President Jair Bolsonaro, top, speaks in a pre-recorded message being played during the 75th session of the United Nations General Assembly. UNTV via AP
    Brazilian President Jair Bolsonaro, top, speaks in a pre-recorded message being played during the 75th session of the United Nations General Assembly. UNTV via AP

Dr Gargash said the Palestinians felt the plan was skewed against them and would undermine their aspiration to become an independent state.

“For us, engagement is essential," he said. "We’ve been talking about this, we have developed and realised that [having] no communication channel with Israel has not yielded any results."

Dr Gargash said the UAE has urged the Palestinians to communicate and come to the negotiating table.

“This remains our view,” he said.

He said it would be the Israelis and Palestinians who determined their final plan, not the UAE.

Dr Gargash confirmed that the country had not lost a single friend, or gained any foes in the Arab world since signing the deal.

“There has been a positive response. There is an opportunity here,” he said.

The peace treaty has raised the prospect of the US selling advanced F-35 jets to the UAE.

Dr Gargash said his country deserved the F-35 fighter jets because it had been "a very honourable and strong partner in Nato's operations in Libya and shared the burden in the fight against ISIS".

Washington has sold the F-35 to allies but sales in the region require a deeper review because US policy requires Israel to maintain a military advantage in the Middle East.

“We are hopeful that it will be a strategic breakthrough and will be a beneficial relationship for both sides,” Dr Gargash said.

Officials in the UAE say the accord with Israel did not represent a departure from support for the Palestinian cause or a two-state solution with East Jerusalem as the capital of a future Palestinian state.

When asked if Iran was surprised by the treaty, Dr Gargash said: “Tehran was counting on many Arab states having non-formal relations with Israel – they didn't see this coming.”

The deal with Israel was in "no way targeted against Iran. I think they were surprised".

Dr Gargash said engagement was necessary with Iran and the US to work on the matter.

Palestinians must understand that their real supporters are moderate Arab states such as Egypt, Jordan and Gulf countries where most Palestinians live and prosper, he said.

“Further radicalising the Palestinian position will not help anyone," Dr Gargash said.

"A more thoughtful re-examination is what is needed right now, which entails returning to the negotiating table.”

UAE currency: the story behind the money in your pockets
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

First-round leaderbaord

-5 C Conners (Can)

-3 B Koepka (US), K Bradley (US), V Hovland (Nor), A Wise (US), S Horsfield (Eng), C Davis (Aus);

-2 C Morikawa (US), M Laird (Sco), C Tringale (US)

Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)

Level B DeChambeau (US), J Rose (Eng) 

1 L Westwood (Eng), J Spieth (US)

3 R McIlroy (NI)

4 D Johnson (US)

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
EXPATS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lulu%20Wang%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nicole%20Kidman%2C%20Sarayu%20Blue%2C%20Ji-young%20Yoo%2C%20Brian%20Tee%2C%20Jack%20Huston%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ESingle%20front-axle%20electric%20motor%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E218hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E330Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%20%3C%2Fstrong%3E402km%20(claimed)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh215%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3C%2Fp%3E%0A