US Envoy to Yemen Tim Lenderking is in Saudi Arabia this week for talks. Ryan Christopher Jones / The National
US Envoy to Yemen Tim Lenderking is in Saudi Arabia this week for talks. Ryan Christopher Jones / The National
US Envoy to Yemen Tim Lenderking is in Saudi Arabia this week for talks. Ryan Christopher Jones / The National
US Envoy to Yemen Tim Lenderking is in Saudi Arabia this week for talks. Ryan Christopher Jones / The National

US envoy visits Saudi Arabia as Yemen war heats up


James Reinl
  • English
  • Arabic

US President Joe Biden's point-man on Yemen arrived in Saudi Arabia on Tuesday for talks on a Houthi rebel offensive in oil-rich Marib province that could be a make-or-break battle in the seven-year war.

Washington’s envoy to Yemen, Tim Lenderking, touched down in the kingdom for talks with Saudi and Yemeni officials to boost work towards a peace deal with Yemen’s Iran-aligned Houthi rebel movement.

“Special Envoy Lenderking will discuss the growing consequences of the Houthi offensive on Marib, which is exacerbating the humanitarian crisis and triggering instability elsewhere in the country,” the State Department said.

He will also “address the urgent need for efforts … to stabilise Yemen’s economy and to facilitate the timely import of fuel to northern Yemen, and the need for the Houthis to end their manipulation of fuel imports and prices inside of Yemen".

Mr Lenderking's visit comes amid intensified fighting in oil- and gas-rich Marib, the government’s last stronghold in northern Yemen, and in Al Bayda province to the south, where Houthi militiamen have reportedly made gains in recent days.

A study this week by the humanitarian analytics group ACAPS found that a Houthi win in Marib would displace half a million people and deliver a potentially fatal blow to Yemen’s exiled government by robbing it of $19.5 million each month in lost crude sales.

“Now is the time to stop the fighting and enable Yemenis to shape a more peaceful, prosperous future for their country,” the group said.

Deputy US Secretary of State Wendy Sherman was in Oman on Tuesday for talks with her counterpart, Sheikh Khalifa Al Harthy, on bringing about an “immediate, comprehensive ceasefire” in Yemen, another statement from the US government said.

Yemen has been ravaged by war, disease and hunger since the Houthis seized the capital Sanaa and overthrew the government in 2014, drawing in a Saudi-led coalition the following year to restore the ousted leadership.

The war has forced millions of Yemenis to flee their homes, claimed hundreds of thousands of lives and tanked the economy. Four fifths of Yemenis rely on aid, in what the UN calls the world's worst humanitarian crisis.

  • A woman holds a child as she sits near other children outside a cave where a Yemeni family has sought refuge due to poverty and lack of housing, west of the suburbs of Yemen's third city of Taez. AFP
    A woman holds a child as she sits near other children outside a cave where a Yemeni family has sought refuge due to poverty and lack of housing, west of the suburbs of Yemen's third city of Taez. AFP
  • Women wait to receive supplemental nutrition shakes at malnutrition treatment ward of al-Sabeen hospital in Sanaa, Yemen. Reuters
    Women wait to receive supplemental nutrition shakes at malnutrition treatment ward of al-Sabeen hospital in Sanaa, Yemen. Reuters
  • Yemeni women pick the rounded flesh leaves of Ghulaf to use as a main meal at the mountain village of Bani al-Qallam, some 100 km south west of Sanaa, Yemen. EPA
    Yemeni women pick the rounded flesh leaves of Ghulaf to use as a main meal at the mountain village of Bani al-Qallam, some 100 km south west of Sanaa, Yemen. EPA
  • Women and a boy wait for foodstuff assistance vouchers at an aid distribution center in Sanaa, Yemen. Reuters
    Women and a boy wait for foodstuff assistance vouchers at an aid distribution center in Sanaa, Yemen. Reuters
  • Yemeni women walk past shops in the old city market of the capital Sanaa. AFP
    Yemeni women walk past shops in the old city market of the capital Sanaa. AFP
  • Women sit with their children receiving treatment at al-Sabeen Maternity and Child Hospital in the Yemeni capital Sanaa. AFP
    Women sit with their children receiving treatment at al-Sabeen Maternity and Child Hospital in the Yemeni capital Sanaa. AFP
  • Yemeni women commute on donkeys carrying jerrycans of water at a camp for internally displaced people by conflict in the northern Hajjah province. AFP
    Yemeni women commute on donkeys carrying jerrycans of water at a camp for internally displaced people by conflict in the northern Hajjah province. AFP
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The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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When: Monday, October 22, 2pm start

Where: Abu Dhabi Cricket, Oval 1

Tickets: Admission is free

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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

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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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
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Updated: July 28, 2021, 6:26 AM