President Joe Biden delivers a primetime address last month about the conflict between Israel and Hamas. Reuters
President Joe Biden delivers a primetime address last month about the conflict between Israel and Hamas. Reuters
President Joe Biden delivers a primetime address last month about the conflict between Israel and Hamas. Reuters
President Joe Biden delivers a primetime address last month about the conflict between Israel and Hamas. Reuters

Biden calls for Israel-Gaza 'pause' as others urge ceasefire


Patrick deHahn
  • English
  • Arabic

Live updates: Follow the latest news on Israel-Gaza

US President Joe Biden's administration is facing mounting domestic and global pressure to try to moderate Israel's deadly response to the October 7 Hamas attacks, including by supporting a ceasefire.

Secretary of State Antony Blinken is expected to urge the Israeli government and military to agree to “humanitarian pauses” with Hamas while on his trip to Israel on Friday.

“What we're trying to do is explore the idea of as many pauses as might be necessary to continue to get aid out and to continue to work to get people out safely including hostages,” National Security Council spokesman John Kirby told reporters.

The administration plans to request that time windows be agreed on between Israel and Hamas for the delivery of humanitarian aid and the release of hostages.

Israel has said as many as 240 people are being held hostage by militant groups in Gaza.

Despite a soaring civilian death toll in the enclave, the US has refused to back calls for a ceasefire, something many countries are demanding.

On Wednesday, Mr Biden was interrupted by an audience member at a 2024 campaign event, who shouted that the President should call for a ceasefire in Israel and Gaza.

“I think we need a pause,” Mr Biden said in response. “A pause means give time to get the prisoners out.”

Hamas launched a deadly attack outside the Gaza Strip on October 7 that killed about 1,400 people, mostly civilians.

Four hostages have been released by Hamas in the weeks since and one has been rescued by the Israeli military.

Israel's response to the attack has killed more than 9,000 people in Gaza, according to local authorities. One Palestinian American described conditions there as “hell on Earth”.

Meanwhile, the second highest-ranking Democrat in the Senate, Dick Durbin, called for a ceasefire on Thursday.

When CNN asked him whether a ceasefire needed, he responded: “I think it is. At least, under the context of both sides agreeing.”

Mr Durbin said that a ceasefire should be contingent on the release of hostages.

“The release of those kidnapped should be part of this – immediate release – that should be the beginning of it,” he said.

“An effort should be made to engage in conversation between the Israelis and Palestinians.”

Mr Durbin is believed to be the first US senator to support a ceasefire, joining more than 20 members in the House of Representatives who already have.

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Dubai launched the pilot phase of its real estate tokenisation project last month.

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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Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

LA LIGA FIXTURES

Friday Valladolid v Osasuna (Kick-off midnight UAE)

Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)

Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)

Monday Celta Vigo v Cadiz (midnight)

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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

About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

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Group A

Paraguay
Japan
Switzerland
USA

Group B

Uruguay
Mexico
Italy
Tahiti

Group C

Belarus
UAE
Senegal
Russia

Group D

Brazil
Oman
Portugal
Nigeria

Updated: November 02, 2023, 6:27 PM