Washington announced on Wednesday the resumption of funding to the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), reversing a three-year halt under former president Donald Trump.
Secretary of State Anthony Blinken said the administration, working with Congress, plans to "restart US economic, development, and humanitarian assistance for the Palestinian people. This includes $75 million in economic and development assistance in the West Bank and Gaza, $10m for peacebuilding programmes through the US Agency for International Development (USAID), and $150m in humanitarian assistance for the UN Relief and Works Agency (UNRWA)."
The State Department made the announcement reinstating a long-held policy that was abandoned by the previous administration.
Over the years, the US had become the largest single donor to UNRWA, giving $364m to the organisation in 2017, amounting to 30 per cent of its total funding.
The organisation oversees support for 5.5 million people across the Middle East, including schools and humanitarian facilities for Palestinian refugees in Gaza, Lebanon and Jordan.
The restoration of funding is part of a series of decisions the administration of US President Joe Biden is undertaking to repair ties with the Palestinians.
Part of the funding will go to support the East Jerusalem Hospital Network, whose aid had been suspended under Mr Trump.
Mr Blinken stressed that the resumption of the assistance "serves important US interests and values. It provides critical relief to those in great need, fosters economic development and supports Israeli-Palestinian understanding, security co-ordination and stability. It also aligns with the values and interests of our allies and partners."
He reiterated the US commitment to advance towards a negotiated two-state solution.
State Department spokesman Ned Price said that “it is fair to say we have been gratified by the reaction we had from members of Congress … who recognise that the aid we offer today is consistent with our interests."
“All of this aid is absolutely consistent with US law and statute,” he added.
Mr Price stressed that the development partners have an aggressive mechanism ensuring the aid will reach those who are in need and which can identify end users who will receive the assistance.
"We take UNRWA oversight seriously…I am not going to characterise what the previous administration has done.”
Mr Price added that with the resumption of aid, the US now has “a seat at the table” in engaging with UNRWA on issues of reform and accountability.
Asked by The National if regional consultations preceded this decision, Mr Price said the administration undertook "extensive consultations", including with people in region, and said that the administration hopes "to see other countries step up to the plate" in increasing their funding.
In a memo obtained exclusively by The National last month, the deputy assistant secretary of state for Israeli-Palestinian affairs, Hady Amr, outlined such steps.
“We are planning a full range of economic, security and humanitarian assistance programmes, including through [UNRWA]. Prior to the fuller launch, we plan to announce $15m in Covid-related humanitarian assistance,” the memo said.
The Covid assistance was announced by the US mission to the UN this month.
This would be a very needed significant amount of money to address the challenges that
UNRWA is facing
Riyad Mansour, Palestinian envoy
to the United Nations
Riyad Mansour, the Palestinian envoy to the UN, praised the US decision.
“This would be a very needed significant amount of money to address the challenges that UNRWA is facing and perhaps it is a good omen that we are meeting today,” Mr Mansour said during online UN talks focused on Palestinian issues.
“UNRWA is an extremely important agency that deals with the needs of the Palestinian refugees in all areas of its operation in the occupied territory and outside,” said Mr Mansour.
Ghaith Al Omari, a senior fellow at the Washington Institute for Near East Policy, said the resumption of aid to UNRWA is not surprising and is consistent with traditional US policy.
"The decision is in keeping with the Biden administration's approach of a gradual return to US policy that existed under multiple Democratic and Republican administrations prior to Donald Trump," Mr Al Omari told The National.
The expert and former negotiator with the Palestinian team gave it increased significance due to developments in Jordan, where a lot of this funding goes.
“Beside its symbolic importance, it will have a concrete impact on the humanitarian situation in the West Bank and Gaza, given UNRWA's extensive network of educational, health and other facilities … but it also comes at a crucial time for Jordan, which has spearheaded international efforts to fund UNRWA since the US cut off its funding,” he said.
“Recent events in Jordan have highlighted the importance of the kingdom’s stability and refunding UNRWA will contribute to supporting this crucial US ally,” Mr Al Omari added.
The Biden administration has also resumed diplomatic contact with the Palestinian Authority, which had been on hold since 2018.
“[The resumption of aid] means re-engagement with a strong partner who has accompanied the agency since its creation, and for decades, and the partnership has also gone beyond just a financial supporter to the agency," Philippe Lazzarini, the agency's commissioner general, said on Wednesday.
Ramallah welcomed the announcement of the aid, with Palestinian Prime Minister Mohammed Shtayyeh calling on the Biden administration to work with the Quartet towards the establishment of a Palestinian state.
He added that he hoped it would “open a new political horizon that leads to a Palestinian independent state.”
“We aspire not just to restore US financial assistance, which nevertheless is significant, but also to resume political ties with the United States that would fulfill our people's legitimate rights in establishing an independent state with Jerusalem as capital, reopening the US consulate in occupied Jerusalem and for the US to pressure Israel on the issue of settlement expansion in the occupied territories, especially the ethnic cleansing in occupied Jerusalem,” he said.
“Israel is strongly opposed to the anti-Israel and anti-Semitic activity happening in UNRWA's facilities. We believe that this UN agency for so-called refugees," Israel's ambassador to the US and the UN, Gilad Erdan, said after the decision was announced.
"UNRWA is an organisation that engages in political advocacy and enables incitement to violence, therefore it should not exist in its current form," the ambassador said.
"Israel maintains an intensive dialogue with the United States on numerous issues. In this context, the US raised the renewal of American aid to the Palestinians and we discussed its impact on the common interests of Israel and the US. Regarding UNRWA, Israel's position is that the organisation in its current form perpetuates the conflict and does not contribute to its resolution," the Israeli Foreign Ministry said.
"The renewal of aid to UNRWA should be accompanied by substantial and necessary changes in the nature, goals and conduct of the organisation,”
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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Ballon d’Or shortlists
Men
Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)
Women
Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
Read more about the coronavirus
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
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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
The specs
BMW M8 Competition Coupe
Engine 4.4-litre twin-turbo V8
Power 625hp at 6,000rpm
Torque 750Nm from 1,800-5,800rpm
Gearbox Eight-speed paddleshift auto
Acceleration 0-100kph in 3.2 sec
Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
More from Rashmee Roshan Lall
Madrid Open schedule
Men's semi-finals
Novak Djokovic (1) v Dominic Thiem (5) from 6pm
Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm
Women's final
Simona Halep (3) v Kiki Bertens (7) from 8.30pm