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Iran is a “malign” threat whose influence clouds the conflict in Gaza and heightens tensions in the Red Sea where ships are being threatened as they sail cargo transit routes, UK Foreign Secretary David Cameron said.
He was speaking after a visit to Egypt, where he saw aid lorries close to the border with Gaza, and Jordan.
Last week, he joined German Foreign Affairs Minister Annalena Baerbock in calling for a “sustainable ceasefire” in Gaza that can be a step towards a two-state future developed with Arab help.
Lord Cameron, speaking to the Telegraph newspaper, named Iran as one of the five significant crises threatening the world – the wars in Gaza and Ukraine, terrorism and climate change being the others.
“Iran is a thoroughly malign influence in the region and in the world – there’s no doubt about that,” he said.
“You’ve got the Houthis, you’ve got Hezbollah, you’ve got the Iranian-backed militias in Iraq that have actually been attacking British and American bases, troops.
“And, of course, Hamas. So you’ve got all of these proxies, and I think it’s incredibly important that, first of all, Iran receives an incredibly clear message that this escalation will not be tolerated.
“Second of all, we need to work with our allies to develop a really strong set of deterrent measures against Iran, and it’s important that we do that.
“The level of danger and insecurity in the world is at an extremely high level compared with previous years and decades, and the Iran threat is a part of that picture.”
He said attacks on shipping in the Red Sea have global significance.
The US, citing newly released intelligence, said Iran was “deeply involved” in the planning of the Houthi attacks. Iran’s Foreign Minister Hossein Amirabdollahian called the allegations baseless.
Mr Cameron also said he understood Israel’s demand to know what is being shipped into Gaza.
“In the past, some of the economic and other support that went into Gaza, and ordinary trade and commercial trade, there is no doubt that some of those things have been used for tunnelling or dual use goods that could be used for worse things,” he said.
“I think that’s an important argument to understand. But it’s a different argument to this argument about aid. What we’re talking about now is food, water, medicine, shelter.
“Those things really by and large can’t be used for military purposes in any way, and so the interest is to get as much of that aid in as possible.
“Now I accept, absolutely, that Israel will want to check that that’s the case. But, within that constraint, I think it’s important to get more aid in.”
On Friday, the UN Security Council adopted on a UAE-drafted resolution aimed at scaling up aid into Gaza and setting the conditions for a reduction in violence.
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The squad traveling to Brazil:
Faisal Al Ketbi, Ibrahim Al Hosani, Khalfan Humaid Balhol, Khalifa Saeed Al Suwaidi, Mubarak Basharhil, Obaid Salem Al Nuaimi, Saeed Juma Al Mazrouei, Saoud Abdulla Al Hammadi, Taleb Al Kirbi, Yahia Mansour Al Hammadi, Zayed Al Kaabi, Zayed Saif Al Mansoori, Saaid Haj Hamdou, Hamad Saeed Al Nuaimi. Coaches Roberto Lima and Alex Paz.
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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
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
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Where to Find Me by Alba Arikha
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