The Syrian opposition is split over whether a Joe Biden presidency will help to counter President Bashar Al Assad after four years of US policy under Donald Trump that oscillated between engagement and disengagement.
Mr Biden has signalled that he would resume an understanding with Iran, Mr Al Assad’s main backer.
He said he would take a tougher stance against Turkey, which hosts Syrian opposition members and has used Syrian proxies against US-backed Kurdish militias in Syria.
Veteran opposition figure Fawaz Tello said the expected reversal of Mr Trump’s policies towards Iran under a Biden administration would “constitute a lifeline to Iran and the Assad regime that depends financially on Tehran”.
“Congratulations should go to Iran’s clerical rulers," Mr Tello said. "Their candidate won."
But two well-connected Syrian opposition figures said a different approach towards Turkey and Iran might not necessarily translate into a major advantage for Mr Al Assad.
Maan Abdul Salam, who heads Etana, an independent organisation that pushes for a democratic Syria, said Mr Biden’s regard for internal American institutions should bring more coherence to US policy on Syria.
Mr Abdul Salam told The National that a more streamlined foreign policy in Washington expected under a Biden administration could boost US-led efforts to counter pro-Iranian militias in Syria and elsewhere in the region.
He said “ad hoc and unpredictable decisions taken by Mr Trump regarding Syria gave Russia greater geopolitical leverage in the region".
“We hope that the new administration will have a consistent policy that stands up to Russia in order to achieve a political solution to the Syrian conflict,” Mr Abdul Salam said.
The US government does not have relations with the Syrian government and Congress toughened sanctions on the regime last year by passing the Caesar Act against people and businesses that provide funding or assistance to Mr Al Assad.
But the Trump administration has reportedly been toying with the idea of offering concessions to the regime in return for releasing US citizens believed to be detained in Syria.
The Wall Street Journal reported last month that Kash Patel, a senior US counter-terrorism official, secretly met regime operatives in Damascus to discuss releasing those held.
It was the first time such a high-ranking US official has met the regime in more than a decade, the paper said.
Between 2012 and 2014, the rise of anti-Assad militant groups and lack of control by the political opposition over the rebels, as well as differences between Washington and Ankara, contributed to the US choosing the Kurdish People Protection Units (YPG) as its main instrument against ISIS in Syria.
But in the past two years Washington has partly turned its back on its Kurdish allies, giving tacit permission for Ankara to take territory under the control of the YPG in Syria along the border with Turkey.
Syria as a standalone issue barely featured in the US elections, although American troops have remained in Syria in reduced numbers after Mr Trump backed down from a decision to withdraw completely in late 2019.
His aides issued a warning that the vacuum would be filled by Turkey and Russia.
The several hundred US soldiers in Syria are mostly in areas controlled by the YPG in the east – the centre of the country’s oil production.
Syrian political commentator Ayman Abdel Nour said the YPG was poised to benefit most from a Biden presidency, considering the militia was the linchpin of the Obama administration strategy in Syria.
“The second beneficiary would be Iran,” Mr Abdel Nour said from Los Angeles. "The economic pressure on Tehran would ease, freeing up resources to support Assad.”
Mr Biden rarely addressed Syria during his campaign but has made it clear he would re-enter the 2015 nuclear deal with Tehran, if Iran committed to the deal from which the Trump administration withdrew in 2018.
Ahmad Tumeh, head of the Syrian opposition delegation to the Russian-led Astana peace talks, cautioned against rushing judgment about Mr Biden.
“Let us wait and see," Mr Tumeh said. "At the end the US wants a political solution and the regime does not want anything except to restore its repression on every part of Syria.”
UAE currency: the story behind the money in your pockets
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
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