US President Joe Biden’s special envoy for Iran, Robert Malley, will travel to the UAE, Saudi Arabia and Qatar within the next several days to discuss stalled negotiations aimed at reviving the ailing nuclear deal.
Mr Malley said on Wednesday that his discussions in the Gulf would focus on containing Iran’s nuclear programme and noted that the Biden administration is considering other options to pursue should talks to restore the deal ultimately fail.
“We will be prepared to adjust to a different reality in which we have to deal with all options to address Iran’s nuclear programme if it’s not prepared to come back into the constraints of [the 2016 nuclear deal],” Mr Malley said in a virtual interview with the Carnegie Endowment for International Peace.
US National Security Adviser Jake Sullivan noted last week during a meeting with his Israeli counterpart Eyal Hulata that “if diplomacy fails, the United States is prepared to turn to other options”.
The Biden administration's Iran envoy also said US Secretary of State Antony Blinken would be addressing the same topic with Israeli Foreign Minister Yair Lapid during his visit to Washington on Wednesday.
Mr Blinken and Mr Lapid also met trilaterally on Wednesday with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation.
After the meeting, a reporter asked if a military path was under consideration for Iran. Mr Blinken said diplomacy is the preferred course but warned: “We are prepared to turn to other options if Iran doesn't change course.”
Mr Lapid echoed the remark, stating that "by saying other options, I think everybody understands in Israel, in the Emirates and Tehran what is it that we mean".
Despite the escalating rhetoric, Mr Malley said that the Gulf states’ increased diplomacy with Iran, coupled with the UAE's and Bahrain’s normalisation agreements with Israel, could help defuse tension in the region.
“One big change from 2016 to today … is that Iran’s neighbours are now engaging with Iran,” said Mr Malley. “Saudi Arabia, the United Arab Emirates, all of the countries on the Gulf Co-operation Council are now having interactions with Iran, which many of them would not have had in 2016.
“You have the normalisation accords between Israel and a number of Arab countries. That’s also a new element. And those can, in fact, create a greater de-escalation if we use them properly and create more incentives to address the nuclear crisis with Iran.”
He said the US and Israel still have differences on “the merits of coming back into the deal” under the new Israeli government led by Prime Minister Naftali Bennett.
However, he noted that Mr Bennett differs from former prime minister Benjamin Netanyahu in that the Israelis now “want to keep those differences behind closed doors as much as possible, while making it clear that they have genuine problems — real problems — with the [nuclear deal]".
“They want to work with us to see how we manage those differences in the scenario where we come back and in the scenario that we do not.”
A senior US official said last week that Iran’s breakout time to build a nuclear weapon had been reduced from a year to a few months after former president Donald Trump withdrew from the deal, prompting Tehran to increase its nuclear activities in breach of the accord.
But negotiations with Iran in Vienna have made little headway since the sixth round of nuclear talks concluded under former president Hassan Rouhani in June.
Under Mr Rouhani, the two sides agreed in principle that the US would scale back its sweeping sectoral sanctions on Iran in exchange for Tehran scaling back its nuclear accord breaches — though differences remained on the status of some additional sanctions instated under Mr Trump.
Iran has not agreed to resume indirect talks since hard-line cleric and nuclear deal sceptic Ebrahim Raisi took office in August.
Iranian Foreign Ministry spokesman Saeed Khatibzadeh hinted this month that Iran could return to the negotiating table by November.
“We now have a different team, different leadership and a president that is clearly stating that it wants to do things differently,” said Mr Malley. “We’re getting a piece of Iran’s answer every day where they are not coming back to the table.
“Every day where they’re making statements about how little was achieved in Vienna, which is what the current team is saying, is telling us this is a team that may not in effect be prepared to come back into what we consider — and what the rest of the [nuclear deal’s signatories] — would consider full mutual compliance with the accord.”
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
Company name: Play:Date
Launched: March 2017 on UAE Mother’s Day
Founder: Shamim Kassibawi
Based: Dubai with operations in the UAE and US
Sector: Tech
Size: 20 employees
Stage of funding: Seed
Investors: Three founders (two silent co-founders) and one venture capital fund
RESULT
Uruguay 3 Russia 0
Uruguay: Suárez (10'), Cheryshev (23' og), Cavani (90')
Russia: Smolnikov (Red card: 36')
Man of the match: Diego Godin (Uruguay)
Florence and the Machine – High as Hope
Three stars
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
MATCH INFO
Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD