Syrian PM survives Damascus bomb attack on convoy


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BEIRUT // Syrian Prime Minister Wael Al Halki survived a bomb attack on his convoy in Damascus today, state media and activists said, as rebels struck in the heart of President Bashar Al Assad's capital.

The explosion shook the Mezze neighbourhood shortly after 9am (10am UAE), sending a plume of thick black smoke into the sky, internet footage posted by opposition activists showed.

The Britain-based Syria Observatory for Human Rights, which has a network of sources across Syria, said one person accompanying the prime minister had been killed. State television reported casualties, but gave no details.

"The terrorist explosion in Al Mezze was an attempt to target the convoy of the prime minister. Doctor Wael Al Halki is well and not hurt at all," state television said.

Syria's Al Ikhbariya television later broadcast footage of Mr Al Halki, who looked and sounded composed and unruffled, chairing an economic committee at the prime ministry.

Mezze is part of a shrinking "Square of Security" in central Damascus, where many government and military institutions are based and where senior Syrian officials live.

Sheltered for nearly two years from the bloodshed and destruction ravaging much of the rest of Syria, it has been slowly sucked into violence as rebel forces based to the east of the capital launch mortar attacks and carry out bombings in the once-insulated city centre.

Mr Al Assad has lost control of large areas of northern and eastern Syria, faces a growing challenge in the southern province of Deraa, and is battling rebels in many cities.

But his forces have been waging powerful ground offensives, backed by artillery and air strikes, against rebel-held territory around the capital and Homs.

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Man United: Dunk (66' og)

Man of the Match: Shane Duffy (Brighton)

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Tuskar Rock Press (pp. 310)

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Rating: 1/5

Sam Smith

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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

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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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May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

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October 2021

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December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

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November 2025

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