Hans Grundberg, the UN special envoy for Yemen, speaks during a news conference after talks with Houthi officials. EPA
Hans Grundberg, the UN special envoy for Yemen, speaks during a news conference after talks with Houthi officials. EPA
Hans Grundberg, the UN special envoy for Yemen, speaks during a news conference after talks with Houthi officials. EPA
Hans Grundberg, the UN special envoy for Yemen, speaks during a news conference after talks with Houthi officials. EPA

UN envoy urges Yemeni parties to build on progress and take decisive steps


Adla Massoud
  • English
  • Arabic

The UN’s envoy to Yemen on Wednesday urged parties involved in the country's conflict to build on progress and take decisive steps towards a peaceful and comprehensive solution.

Speaking at a UN Security Council meeting on recent peace efforts, Hans Grundberg said he was encouraged by the positive and detailed discussions he had with Yemeni parties and regional interlocutors.

Despite some challenges, there was room for “cautious optimism”, he said.

Last year's “truce provided a conducive environment and starting point”, Mr Grundberg said.

“But the fragility of the military situation, the dire state of the economy and the daily challenges facing the Yemeni people provide us with constant reminders of why a more comprehensive agreement between the parties is so vital.”

He also expressed concern over reports of continuing violence across front lines, restrictions on freedom of movement and the government's inability to export oil, which generated more than half of the state's total revenue last year, and “is straining the government’s capacity to meet its obligations to the Yemeni people”.

The UAE’s ambassador to the UN, Lana Nusseibeh called on the Iran-backed Houthi rebels to engage constructively and lay the groundwork for an enduring peace.

“It has become evident that dialogue remains the sole path to achieving a political settlement," Ms Nusseibeh said.

"A belligerent stance and reliance on armed coercion are not only unacceptable, but also detrimental to the welfare of the Yemeni people."

US ambassador for special political affairs Jeffrey DeLaurentis said an inclusive political process should address Yemenis' calls for justice, accountability and redress for human rights abuses.

“As we have said before, this is the only way to achieve a lasting peace in Yemen,” he said.

Britain’s UN ambassador Barbara Woodward addressed the threat posed to Yemen and the region by the deteriorating FSO Safer oil tanker and reminded council members that as much as 80 per cent of the Yemen funding appeal remains unmet.

She said $43 million is still needed for the UN co-ordinated oil tanker’s removal to stop the risk of “over a million barrels of oil leaking into the Red Sea”.

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Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

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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

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Price, base: Dh145,000

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Updated: May 17, 2023, 8:49 PM