Former Lebanese prime minister Saad Hariri may be set to return to power after ‘encouraging’ talks with the president on Monday. Reuters
Former Lebanese prime minister Saad Hariri may be set to return to power after ‘encouraging’ talks with the president on Monday. Reuters
Former Lebanese prime minister Saad Hariri may be set to return to power after ‘encouraging’ talks with the president on Monday. Reuters
Former Lebanese prime minister Saad Hariri may be set to return to power after ‘encouraging’ talks with the president on Monday. Reuters

Lebanon: 'encouraging' talks for Hariri to return as prime minister


Sunniva Rose
  • English
  • Arabic

A meeting between Lebanese President Michel Aoun and Saad Hariri was encouraging, the former prime minister said, a signal that he may return as head of government after resigning in the face of mass rallies last year.

After announcing during an interview with MTV on Thursday that he was “definitely a candidate” to replace caretaker prime minister Hassan Diab, Mr Hariri held a highly scrutinised meeting with Mr Aoun on Monday morning that is expected to be followed by a meeting with Parliament Speaker Nabih Berri.

Local media reported that the outcome of these meetings would decide whether Mr Hariri could be approached to lead the next government during consultations with political factions scheduled to begin on Thursday. Lebanon has been governed by a caretaker government since Mr Diab stepped down on August 10 after a deadly explosion at Beirut port that killed at least 190 people.

"The result is unclear and depends on his meetings today with the president and Parliament Speaker. If they are successful, [his] assignment will follow," wrote Al Akhbar newspaper before the meeting on Monday.

Mr Hariri said that his meeting with Mr Aoun was encouraging, Lebanese newspaper The Daily Star reported.

Mr Hariri said that he supported the initiative of French President Emmanuel Macron, who asked political parties to speed up the formation of a new government and set aside their differences to save the country from economic collapse.

“We have no time to lose in political bickering,” said Mr Hariri, according to the state-run National News Agency. “I informed the president that I will send a delegation to meet all the political blocs to make sure that they are committed to the French initiative.”

Mr Hariri said he was betting “on the wisdom of the political forces”.

“This was also the stance of the president, and this encourages me to continue efforts to make President Macron’s initiative a success,” he said.

Mr Hariri, 50, resigned on October 29 last year after weeks of huge anti-government demonstrations sparked by the country’s worst economic crisis.

Protesters rallied around the cry of “all of them means all of them”, demanding the resignation of the country’s entire political class.

But little changed as the new government formed in January represented the traditional sectarian and party allegiances despite Mr Diab’s claims that it was independent.

Lebanon’s ambassador to Germany, Mustafa Adib, was instructed to form a government on August 31 but failed because, in a long-standing tradition, political parties insisted on choosing ministers. He stepped aside on September 26.

Mr Hariri, who also wants to form an independent government of specialists despite being a party leader himself, will probably face similar difficulties although he has more independent authority because of his connections.

The insistence of Lebanon’s two main Shiite parties, Hezbollah and Amal, on keeping control of the Finance Ministry was widely seen as the main barrier in Mr Adib’s attempt to form an independent Cabinet.

This has not changed, said Al Akhbar, which is sympathetic to Hezbollah. "Their position remains: what was not given to Mustafa Adib will not be given to others. This means that the two parties will continue demanding to name the finance minister or give a list to the designated prime minister to choose from," it wrote on Monday.

Mr Hariri seemed to want to reassure political parties on Monday, saying that “the French initiative is based on forming a government of specialists who are not affiliated with parties, and within a schedule that does not exceed a few months”, MTV reported. “I repeat that the absence of parties in the government is for only a few months.”

Several political leaders are expected to give their opinion on Mr Hariri's interest in the premiership this week. Druze leader Walid Joumblatt of the Progressive Socialist Party will give a televised interview on Monday evening and the Lebanese Forces, a Christian party that is close to Mr Hariri's Future Movement, will announce its decision on Wednesday, reported pan-Arab newspaper Asharq Al Awsat.

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Ten tax points to be aware of in 2026

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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. 

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Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
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These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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General admission Dh295 (under-three free)

Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

 

 

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October 13-14 KartZone (complimentary trials)

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Videographer: Jear Velasquez 

Photography: Romeo Perez 

Fashion director: Sarah Maisey 

Make-up: Gulum Erzincan at Art Factory 

Models: Meti and Clinton at MMG 

Video assistant: Zanong Maget 

Social media: Fatima Al Mahmoud  

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Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

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Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

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