Lebanese Maronite Patriarch Bechara Rai speaks after a meeting with President Michel Aoun at the presidential palace in Baabda on July 15, 2020. Dalati Nohra via Reuters
Lebanese Maronite Patriarch Bechara Rai speaks after a meeting with President Michel Aoun at the presidential palace in Baabda on July 15, 2020. Dalati Nohra via Reuters
Lebanese Maronite Patriarch Bechara Rai speaks after a meeting with President Michel Aoun at the presidential palace in Baabda on July 15, 2020. Dalati Nohra via Reuters
Lebanese Maronite Patriarch Bechara Rai speaks after a meeting with President Michel Aoun at the presidential palace in Baabda on July 15, 2020. Dalati Nohra via Reuters

Lebanon's Christian patriarch blames Hezbollah for crisis


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Hezbollah should take the blame for Lebanon's economic collapse, the country's top Christian cleric said in an interview with Vatican Radio this week, in his most direct criticism yet of the Iran-backed Shiite movement.

Maronite Patriarch Bechara Rai's comments marked his strongest intervention in Lebanon's crisis, which is seen as the worst threat to its stability since the 1975-90 civil war.

Mr Rai blamed Hezbollah's role in government for closing off a vital source of aid from western and Gulf Arab states. "That's why we're paying the price," the report quoted him as saying.

Lebanon's financial meltdown has crashed the currency, leaving many poor and hungry. The crisis is rooted in decades of state corruption and waste by the sectarian elite in power since the civil war.

In his last two sermons, Mr Rai made comments widely interpreted as criticism of Hezbollah and its ally President Michel Aoun. Both back the current government.

Mr Rai carries weight as head of the Maronite church, the Christian community from which Lebanon's president must be drawn under its sectarian power-sharing system.

On Wednesday, after meeting with Mr Aoun, the patriarch said his sermons had been misunderstood and denied he had been pointing specifically to Hezbollah.

But in the comments published by Vatican Radio, he said Hezbollah "sidelines the state, and declares war and peace wherever it chooses" – mentioning Syria and other conflicts in the region. The interview dated July 15 was picked up by major Lebanese broadcasters and newspapers in the past day.

Hezbollah's opponents say its links to Iran pushes away the mainly Gulf Arab states that once helped Lebanon.

Saad Hariri, the former prime minister, who was a Western ally and traditionally aligned with the Gulf, met with the papal nuncio in Lebanon on Thursday, his office said.

Archbishop Joseph Spiteri said they had "a frank conversation" about the "historic role of Lebanon in the region, linked to the idea of neutrality, of disassociation, being equidistant from all regional powers".

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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

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.

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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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Launched: March 2017 on UAE Mother’s Day

Founder: Shamim Kassibawi

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Size: 20 employees

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Investors: Three founders (two silent co-founders) and one venture capital fund

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Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Syria squad

Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.

PROVISIONAL FIXTURE LIST

Premier League

Wednesday, June 17 (Kick-offs uae times) Aston Villa v Sheffield United 9pm; Manchester City v Arsenal 11pm 

Friday, June 19 Norwich v Southampton 9pm; Tottenham v Manchester United 11pm  

Saturday, June 20 Watford v Leicester 3.30pm; Brighton v Arsenal 6pm; West Ham v Wolves 8.30pm; Bournemouth v Crystal Palace 10.45pm 

Sunday, June 21 Newcastle v Sheffield United 2pm; Aston Villa v Chelsea 7.30pm; Everton v Liverpool 10pm 

Monday, June 22 Manchester City v Burnley 11pm (Sky)

Tuesday, June 23 Southampton v Arsenal 9pm; Tottenham v West Ham 11.15pm 

Wednesday, June 24 Manchester United v Sheffield United 9pm; Newcastle v Aston Villa 9pm; Norwich v Everton 9pm; Liverpool v Crystal Palace 11.15pm

Thursday, June 25 Burnley v Watford 9pm; Leicester v Brighton 9pm; Chelsea v Manchester City 11.15pm; Wolves v Bournemouth 11.15pm

Sunday June 28 Aston Villa vs Wolves 3pm; Watford vs Southampton 7.30pm 

Monday June 29 Crystal Palace vs Burnley 11pm

Tuesday June 30 Brighton vs Manchester United 9pm; Sheffield United vs Tottenham 11.15pm 

Wednesday July 1 Bournemouth vs Newcastle 9pm; Everton vs Leicester 9pm; West Ham vs Chelsea 11.15pm

Thursday July 2 Arsenal vs Norwich 9pm; Manchester City vs Liverpool 11.15pm

 

Aldar Properties Abu Dhabi T10

*November 15 to November 24

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*TV: Ten Sports

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Countries offering golden visas

UK
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Italy
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Switzerland
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Canada
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The 12

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

Abu Dhabi card

5pm: Handicap (TB) Dh100,000 2,400m

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6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 1,400m

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7.30pm: Maiden (PA) Dh80,000 1,600m

The National selections:

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5.30pm: AF Taraha

6pm: Dhafra

6.30pm: Maqam

7pm: AF Mekhbat

7.30pm: Ezz Al Rawasi  

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The UAE squad for the Asian Indoor and Martial Arts Games

The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.

Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.

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