• US House Republican Leader Kevin McCarthy wields the gavel after being elected the next Speaker of the House of Representatives after a 15th round of voting. Reuters
    US House Republican Leader Kevin McCarthy wields the gavel after being elected the next Speaker of the House of Representatives after a 15th round of voting. Reuters
  • Minority Leader Hakeem Jeffries, right, gives the gavel to new Speaker, Kevin McCarthy. AFP
    Minority Leader Hakeem Jeffries, right, gives the gavel to new Speaker, Kevin McCarthy. AFP
  • Mr McCarthy had been stymied by a group of about 20 Republicans holding personal or ideological grievances against him. AP
    Mr McCarthy had been stymied by a group of about 20 Republicans holding personal or ideological grievances against him. AP
  • Mr McCarthy was declared elected with 216 out of 428 votes, triggering chants of 'USA' in the House. EPA
    Mr McCarthy was declared elected with 216 out of 428 votes, triggering chants of 'USA' in the House. EPA
  • It was the first time in 100 years that a Speaker was not elected on the first vote. AFP
    It was the first time in 100 years that a Speaker was not elected on the first vote. AFP
  • The Republican opposition to Mr McCarthy made the Speaker's election the most drawn-out process since before the US Civil War. AFP
    The Republican opposition to Mr McCarthy made the Speaker's election the most drawn-out process since before the US Civil War. AFP
  • Kevin McCarthy hugs Marjorie Taylor Greene, a Republican from Georgia, in the House Chamber. Bloomberg
    Kevin McCarthy hugs Marjorie Taylor Greene, a Republican from Georgia, in the House Chamber. Bloomberg
  • Kat Cammack, a Republican from Florida, takes a video during a meeting in the House Chamber. Bloomberg
    Kat Cammack, a Republican from Florida, takes a video during a meeting in the House Chamber. Bloomberg
  • Bryan Steil, a Republican, holds up a tally sheet as Kevin McCarthy was eventually elected Speaker of the House. AFP
    Bryan Steil, a Republican, holds up a tally sheet as Kevin McCarthy was eventually elected Speaker of the House. AFP
  • Republicans celebrate as Kevin McCarthy is elected Speaker. AFP
    Republicans celebrate as Kevin McCarthy is elected Speaker. AFP
  • Without a speaker, the chamber was unable to swear in members and begin its 2023-24 session. EPA
    Without a speaker, the chamber was unable to swear in members and begin its 2023-24 session. EPA
  • Newly elected Speaker of the House Kevin McCarthy celebrates. AFP
    Newly elected Speaker of the House Kevin McCarthy celebrates. AFP

Kevin McCarthy elected US House Speaker at 15th attempt


Thomas Watkins
  • English
  • Arabic

Republican Majority Leader Kevin McCarthy was elected Speaker of the US House of Representatives early on Saturday after falling short in 14 previous rounds of voting.

Mr McCarthy had been stymied by a group of about 20 Republicans holding personal or ideological grievances against him.

Despite him offering a string of concessions, the rebels did not budge in their opposition during 11 votes earlier this week.

Mr McCarthy was declared elected with 216 out of 428 votes, triggering chants of "USA" in the House.

"I hope one thing is clear after this week: I will never give up," he said in a tweet after his election.

In the first two rounds of voting on Friday, the fourth day of proceedings, Mr McCarthy flipped 15 conservative holdouts to become supporters, leaving him just a few shy of seizing the gavel for the new Congress.

He drew even closer in the 14th round on Friday night, receiving 216 out of 432 votes — just one vote short.

The increased support for Mr McCarthy in the earlier votes on Friday came after he told reporters that he had seen some encouraging signs.

“We've got some progress going on. We've got members talking. I think we've got a little movement, so we'll see,” he said.

  • The House of Representatives will continue to try and elect the next speaker after Kevin McCarthy failed to earn more than 218 votes on 12 ballots over two days, the first time in 100 years that the speaker was not elected on the first ballot. Getty / AFP
    The House of Representatives will continue to try and elect the next speaker after Kevin McCarthy failed to earn more than 218 votes on 12 ballots over two days, the first time in 100 years that the speaker was not elected on the first ballot. Getty / AFP
  • Republican leader Mr McCarthy enters the Capitol in Washington. Getty / AFP
    Republican leader Mr McCarthy enters the Capitol in Washington. Getty / AFP
  • Democratic Leader Hakeem Jeffries received more votes than Mr McCarthy on the six votes. Getty / AFP
    Democratic Leader Hakeem Jeffries received more votes than Mr McCarthy on the six votes. Getty / AFP
  • Representative Alexandria Ocasio-Cortez gestures to the Clerk of the House that there is one more Democratic vote to be cast during the roll call vote on the motion to adjourn. AP
    Representative Alexandria Ocasio-Cortez gestures to the Clerk of the House that there is one more Democratic vote to be cast during the roll call vote on the motion to adjourn. AP
  • The House convened on January 3 to open the new Congress. EPA
    The House convened on January 3 to open the new Congress. EPA
  • Mr McCarthy, left, is campaigning to become the new US House speaker. AFP
    Mr McCarthy, left, is campaigning to become the new US House speaker. AFP
  • Mr McCarthy casts his vote during the third round of voting for House speaker after failing to secure the 218 votes required to win the position. AP
    Mr McCarthy casts his vote during the third round of voting for House speaker after failing to secure the 218 votes required to win the position. AP
  • House Minority Leader Hakeem Jeffries, centre, gathers with fellow Democratic US representatives in the House chamber. AFP
    House Minority Leader Hakeem Jeffries, centre, gathers with fellow Democratic US representatives in the House chamber. AFP
  • Democratis Ilhan Omar and Alexandria Ocasio-Cortez speak in the House chamber after the legislative body fails to elect a speaker. AFP
    Democratis Ilhan Omar and Alexandria Ocasio-Cortez speak in the House chamber after the legislative body fails to elect a speaker. AFP
  • Former US House speaker Nancy Pelosi speaks with Mr Jeffries. Bloomberg
    Former US House speaker Nancy Pelosi speaks with Mr Jeffries. Bloomberg
  • Byron Donalds, centre, a Republican, flipped his vote after Mr McCarthy failed to secure the speaker position in the first two rounds of voting. AFP
    Byron Donalds, centre, a Republican, flipped his vote after Mr McCarthy failed to secure the speaker position in the first two rounds of voting. AFP
  • Steve Scalise, a Republican, nominates Mr McCarthy for House speaker. AFP
    Steve Scalise, a Republican, nominates Mr McCarthy for House speaker. AFP
  • Mr McCarthy listens to the third round of votes for House speaker on the opening day of the 118th Congress. AP
    Mr McCarthy listens to the third round of votes for House speaker on the opening day of the 118th Congress. AP
  • Chip Roy, a Republican, railed against the legislative processes of the House as he voted against Mr McCarthy for speaker. EPA
    Chip Roy, a Republican, railed against the legislative processes of the House as he voted against Mr McCarthy for speaker. EPA
  • Mr McCarthy and Mr Scalise shake hands after Mr Scalise nominated the California Republican for House speaker. EPA
    Mr McCarthy and Mr Scalise shake hands after Mr Scalise nominated the California Republican for House speaker. EPA
  • Matt Gaetz is one of the Republican holdouts voting against Mr McCarthy. Bloomberg
    Matt Gaetz is one of the Republican holdouts voting against Mr McCarthy. Bloomberg
  • Mr Gaetz speaks during the first session of the 118th Congress. Bloomberg
    Mr Gaetz speaks during the first session of the 118th Congress. Bloomberg
  • Republican Jim Jordan is seen as an alternative choice for House speaker if Mr McCarthy cannot secure the 218 votes needed to win. EPA
    Republican Jim Jordan is seen as an alternative choice for House speaker if Mr McCarthy cannot secure the 218 votes needed to win. EPA
  • Republican Marjorie Taylor Greene speaks with Mr McCarthy. EPA
    Republican Marjorie Taylor Greene speaks with Mr McCarthy. EPA
  • Ms Ocasio-Cortez speaks with Mr Jeffries on the House floor. Bloomberg
    Ms Ocasio-Cortez speaks with Mr Jeffries on the House floor. Bloomberg
  • Democrat Raja Krishnamoorthi is on the House Oversight and Reform Committee and helped get Barack Obama elected in Illinois and for his 2008 presidential bid. His parents immigrated to the US from New Delhi. Bloomberg
    Democrat Raja Krishnamoorthi is on the House Oversight and Reform Committee and helped get Barack Obama elected in Illinois and for his 2008 presidential bid. His parents immigrated to the US from New Delhi. Bloomberg
  • Republican Steve Scalise, who was shot at the Congressional softball game in 2017, has been considered for the Speaker of the House position. EPA
    Republican Steve Scalise, who was shot at the Congressional softball game in 2017, has been considered for the Speaker of the House position. EPA
  • Democrat Shri Thanedar was born in Belgavi, India and became a US citizen in 1988. He represents the state of Michigan. Photo: US House of Representatives
    Democrat Shri Thanedar was born in Belgavi, India and became a US citizen in 1988. He represents the state of Michigan. Photo: US House of Representatives
  • Democrat Rashida Tlaib has been a vocal critic of the Trump administration and advocated for Trump's impeachment. Reuters
    Democrat Rashida Tlaib has been a vocal critic of the Trump administration and advocated for Trump's impeachment. Reuters

Mr McCarthy needed to secure 218 votes to be elected speaker if all 434 members of the House are present. With Republicans holding a slim majority of 222 seats after the US midterms, he could afford to lose only four votes.

The Republican holdouts have made the speaker's election the most drawn-out process of its kind since before the US Civil War.

This week's 15 votes marked the highest number of ballots for the speakership since 1859.

“Now, the hard work begins,” Mr McCarthy said in his first address to the House as speaker. He ran through the broad strokes of his agenda, including strengthening the southern US border, addressing federal debt, confronting the rise of China and investigating the Biden administration. “We will use the power of the purse, and the power of the subpoena, to get the job done,” he said.

President Joe Biden, who had earlier described the drawn-out election of a speaker as "not a good look", said it was now time to "govern responsibly and to ensure that we're putting the interests of American families first".

“As I said after the midterms, I am prepared to work with Republicans when I can, and voters made clear that they expect Republicans to be prepared to work with me as well," Mr Biden said.

"Now that the leadership of the House of Representatives has been decided, it is time for that process to begin.”

Without a speaker, the chamber was unable to swear in members and begin its 2023-24 session.

The election saga and scenes of chaos in the House have raised questions about whether America is vulnerable from a national security standpoint, as without the chamber, wars cannot be started or ended.

John Kirby, spokesman for the National Security Council, was asked at a press conference about the potential impacts of not having a functioning House.

There is “no particular worry or concern that national security will be put at significant risk here”, he said.

“I don't want to suggest that there's not going to be any national security impacts … but [it] should not be an overriding concern.”

The speaker's gavel gives Mr McCarthy the authority to block Mr Biden's legislative agenda, force votes for Republican priorities on the economy, energy and immigration, and move forward with investigations into the President, his family and his administration.

But the holdouts wanted a deal that would make it easier to oust the speaker and give them greater influence within the House Republican caucus and on congressional committees.

Late on Wednesday, some Republicans expressed hope for a deal, but some of Mr McCarthy's “never Kevin” opponents showed no sign of yielding.

“This ends in one of two ways: either Kevin McCarthy withdraws from the race or we construct a straitjacket that he is unwilling to evade,” said Republican Matt Gaetz, who on Thursday voted for Donald Trump to be speaker.

A speaker does not necessarily need to be a member of Congress.

Ellie Sennett contributed to this report from the White House

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Winners

Best Men's Player of the Year: Kylian Mbappe (PSG)

Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)

TikTok Fans’ Player of the Year: Robert Lewandowski

Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)

Best Women's Player of the Year: Alexia Putellas (Barcelona)

Best Men's Club of the Year: Chelsea

Best Women's Club of the Year: Barcelona

Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)

Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)

Best Coach of the Year: Roberto Mancini (Italy)

Best National Team of the Year: Italy 

Best Agent of the Year: Federico Pastorello

Best Sporting Director of the Year: Txiki Begiristain (Manchester City)

Player Career Award: Ronaldinho

MATCH INFO

What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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Updated: January 07, 2023, 8:28 AM