Yemen's new president, Abdrabu Mansur Hadi, left, receives the country's national flag from his predecessor, Ali Abdullah Saleh, during a ceremony at the presidential palace in Sanaa yesterday. Mr Saleh stepped down following a GCC-brokered deal to transfer power.
Yemen's new president, Abdrabu Mansur Hadi, left, receives the country's national flag from his predecessor, Ali Abdullah Saleh, during a ceremony at the presidential palace in Sanaa yesterday. Mr Saleh stepped down following a GCC-brokered deal to transfer power.
Yemen's new president, Abdrabu Mansur Hadi, left, receives the country's national flag from his predecessor, Ali Abdullah Saleh, during a ceremony at the presidential palace in Sanaa yesterday. Mr Saleh stepped down following a GCC-brokered deal to transfer power.
Yemen's new president, Abdrabu Mansur Hadi, left, receives the country's national flag from his predecessor, Ali Abdullah Saleh, during a ceremony at the presidential palace in Sanaa yesterday. Mr Sal

Protests in Yemen as Saleh formally steps down


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SANAA // Ali Abdullah Saleh, who stepped down yesterday after 33 years as Yemen's president, plans to leave in a few days with family members and settle in Ethiopia.

Aides to Mr Saleh and diplomats in Sanaa said there was mounting pressure on him to leave the country so the new government could operate without his meddling.

"There is an understanding here that his stay in the country might spark violence and undermine the transition. It is for his and the country's interest that he stays outside the country," said a diplomat.

In a ceremony at the presidential palace yesterday attended by parliamentarians, tribal leaders and foreign dignitaries, Mr Saleh formally handed over power to his deputy, Abdrabu Mansur Hadi.

"I hand over the banner of the revolution, of the republic, of freedom, of security and of stability ... to safe hands," Mr Saleh said.

Mr Saleh vowed to "stand ... by my brother the president of the republic" and urged Yemenis to rally behind Mr Hadi in his fight against "terrorism, first and foremost, Al Qaeda".

Mr Hadi vowed to hand over power to an elected president after a two-year period, during which a new constitution would be drafted and the army would be restructured.

"I hope we will meet in this room again ... to bid farewell and welcome a new leadership. I hope that in two years, I will stand in President Ali Abdullah Saleh's place and a new president will stand in mine,"

Mr Hadi said. He was elected in a presidential poll in which he received 99.8 per cent of the votes cast in an election that had a 60 per cent nationwide turnout.

Mr Hadi had taken the oath of office in Yemen's parliament on Saturday, and in his first speech as the new leader he vowed to fight Al Qaeda and restore security.

"It is a patriotic and religious duty to continue the battle against Al Qaeda," he said. "If we don't restore security, the only outcome will be chaos."

Under a GCC-brokered deal, Mr Saleh transferred power to Mr Hadi in return for immunity from prosecution. Mr Saleh signed the plan in November after 10 months of protests demanding his removal.

The main opposition coalition, the Joint Meeting Parties, which is leading the unity government, boycotted yesterday's ceremony, saying on Sunday that Mr Hadi officially became president after winning the election last week, not because Mr Saleh handed him power.

Tens of thousands of protesters marched to the residence of Mr Hadi yesterday, chanting "the people want the prosecution of the mass killer", referring to Mr Saleh and the deaths of hundreds of protesters in the past year.

They also shouted "We have voted for Abdrabu, We do not want a president next to him", meaning that they do not want Mr Saleh to interfere while Mr Hadi runs the government.

Protesters marched in other cities in Yemen, also demanding that Mr Salehn be prosecuted and that his family members be dismissed from their powerful positions in the military.

Mr Saleh is the fourth Arab leader to leave office since the beginning of the Arab Spring uprisings that forced the resignation of the leaders of Tunisia and Egypt, and led to the death of Libya's dictator, Muammar Qaddafi.

malqadhi@thenational.ae

* With additional reporting by Agence France-Presse and the Associated Press

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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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BMW M5 specs

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Power: 727hp

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Fuel consumption: 10.6L/100km

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Price: From Dh650,000

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

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Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

The burning issue

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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Label: Parlophone/Atlantic

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Rating: 3/5

Where to submit a sample

Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain

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The Specs

Price, base Dh379,000
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Gearbox eight-speed automatic
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

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