An Egyptian security delegation held talks with representatives of Libya's Government of National Accord in Tripoli on December 27, 2020. Courtesy Fathi Bachagha, Minister for the Interior, Libyan Government of National Accord
An Egyptian security delegation held talks with representatives of Libya's Government of National Accord in Tripoli on December 27, 2020. Courtesy Fathi Bachagha, Minister for the Interior, Libyan Government of National Accord
An Egyptian security delegation held talks with representatives of Libya's Government of National Accord in Tripoli on December 27, 2020. Courtesy Fathi Bachagha, Minister for the Interior, Libyan Government of National Accord
An Egyptian security delegation held talks with representatives of Libya's Government of National Accord in Tripoli on December 27, 2020. Courtesy Fathi Bachagha, Minister for the Interior, Libyan Gov

Egyptian officials hold talks with Libyan government in Tripoli


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An Egyptian security delegation held talks with representatives of Libya's Government of National Accord in Tripoli on Sunday.

Interior minister for the UN-recognised GNA, Fathi Bachagha, held "a high-level meeting" with the Egyptian delegation, which included the deputy intelligence services chief, his office said.

Imed Trabelsi, head of the Libyan general security body, also attended the meeting.

Sunday's visit was the first made by an official Egyptian delegation to Tripoli since 2014, when Egypt closed its embassy in the Libyan capital due to violence.

The talks covered "ways of strengthening security co-operation" and support for a ceasefire signed in October between rival Libyan sides under UN auspices, the ministry said.

Libya has been riven by conflict since a 2011 Nato-backed uprising that toppled and killed dictator Muammar Qaddafi.

Two rival administrations have vied for control of the oil-rich country for years, each backed by foreign powers. While the Tripoli-based GNA has been supported by Turkey with fighters and weaponry including drones, supporters of the eastern-based House of Representatives include Egypt and Russia.

Turkish support for the GNA earlier this year helped repel a 14-month offensive against the capital by the eastern forces led by Field Marshal Khalifa Haftar.

The ceasefire the two sides struck in October has set the stage for elections at the end of 2021.

The delegation also met the GNA's Foreign Minister, Mohamed Taha Siala.

The aim of the talks was to work to "normalise diplomatic relations" between Tripoli and Cairo and to discuss "co-operation in various areas", said Mohammad Elgeblawi, spokesman for the GNA foreign ministry.

According to Mr Elgeblawi, the delegation pledged to reopen the Egyptian consulate "as soon as possible" and to re-establish air links between the two capitals, which have been interrupted for several years.

The visit comes days after Field Marshal Haftar said in a speech that his forces would "prepare to drive out the occupier by faith, will and weapons", referring to Turkish troops operating in support of the GNA.

Turkish Defence Minister Hulusi Akar was in Tripoli on Saturday and vowed that any attack on Turkey's personnel in Libya would be met with force.

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

Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
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Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

if you go

The flights
Fly direct to Kutaisi with Flydubai from Dh925 return, including taxes. The flight takes 3.5 hours. From there, Svaneti is a four-hour drive. The driving time from Tbilisi is eight hours.
The trip
The cost of the Svaneti trip is US$2,000 (Dh7,345) for 10 days, including food, guiding, accommodation and transfers from and to ­Tbilisi or Kutaisi. This summer the TCT is also offering a 5-day hike in Armenia for $1,200 (Dh4,407) per person. For further information, visit www.transcaucasiantrail.org/en/hike/

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Abu Dhabi traffic facts

Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.

Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.

The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.

The highest levels of traffic were found on Sunday, November 10.

Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019