After building a regional profile through its stunning library, art exhibitions, musical performances and film festivals, Saudi Arabia’s King Abdulaziz Centre for World Culture, more commonly known as Ithra, aims to make its mark on the world stage.
The cultural district, situated in Dhahran in the Eastern Province, made its debut appearance at the world's biggest publishing gathering, the Frankfurt Book Fair, which ended on Sunday, as part of its outreach to international cultural organisations in attendance.
Ithra also organised a panel discussion on "The Status of Arabic Literature in the World", featuring Saudi novelist Yousef Al Mohaimeed.
Speaking to The National from the book fair, Fatmah Al-Rashid, head of strategy and partnership at Ithra, says the team wants to shed light on the cultural district and its various features.
“We want to tell our story. And that's of a centre in Saudi Arabia that is trying to continue nurturing culture at home and globally," she says.
"It is important to have those conversations with our peers from different countries in order to identify opportunities for collaboration.”
That also means clarifying a few misconceptions surrounding the site.
"One of the first questions we always receive is 'Isn't Ithra a library?'" says Al-Rashid. "I would explain that it is a multicomponent cultural centre that does include a library."
Built by Saudi Aramco and opened in 2017, Ithra is a $400 million complex featuring an arts and children's museum, library, theatre, cinema and exhibition halls.
In addition to being home to an expansive programme of events, the launch of Ithra also placed Saudi Arabia’s Eastern Province on the global culture map.
In the past five years, the site has hosted performances by renowned music companies such as Russia's Mariinsky Theatre Orchestra and La Scala from Italy. High-profile exhibitions, featuring the works of Norwegian expressionist artist Edvard Munch and Leonardo Da Vinci, have been held there, in addition to an Islamic arts exhibition co-produced with the Los Angeles County Museum of Art.
At the heart of the complex is the aforementioned Ithra Library, home to more than 270,000 physical and digital titles and spanning four floors.
Visitors to the Ithra’s stand at the book fair were able to tour the library through virtual-reality headsets.
"Even if we look at the library, we want to convey the message that as well as being a place for reading and borrowing books, it is also an institute that produces programmes and events to enable content creation,” Al-Rashid says.
“We are using the library to develop many different skills such as science and technology as well."
With such a dynamic offering, Al-Rashid and her team intend to attend more creative industry gatherings around the world.
“We aim to have a presence in many of these places to showcase our different platforms,” she says.
“So in literary events we will come as Ithra Library, while in a film festival it will be Ithra Production, and if it's art, it will be Ithra Museum.”
Despite the various gatherings, Al-Rashid and her team aim to tell a bigger story.
"By default we are communicating what Saudi Arabia is about, where we are now and where we are heading," she says.
"There is a lot of interest to learn more about Saudi Arabia and our role is to provide that content, build bridges, exchange knowledge and ultimately be part of the global cultural conversation."
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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
RESULTS
5pm: Maiden | Dh80,000 | 1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Handicap | Dh80,000 | 1,600m
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6pm: Handicap | Dh80,000 | 2,200m
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6.30pm: Handicap | Dh85,000 | 2,200m
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7pm: Shadwell Farm for Private Owners Handicap | Dh70,000 | 2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi
7.30pm: Handicap (TB) | Dh100,000 | 1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly
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