Founded in 1979 by childhood friends André Gaspard and the late writer Mai Ghoussoub, Al Saqi Books became London's favourite repository of Arabic literature, a place where Middle Easterners could maintain contact with their culture.
Founded in 1979 by childhood friends André Gaspard and the late writer Mai Ghoussoub, Al Saqi Books became London's favourite repository of Arabic literature, a place where Middle Easterners could maintain contact with their culture.
Founded in 1979 by childhood friends André Gaspard and the late writer Mai Ghoussoub, Al Saqi Books became London's favourite repository of Arabic literature, a place where Middle Easterners could maintain contact with their culture.
Founded in 1979 by childhood friends André Gaspard and the late writer Mai Ghoussoub, Al Saqi Books became London's favourite repository of Arabic literature, a place where Middle Easterners could mai

Compelling tale of London's oldest Arabic bookstore as Al Saqi closes


Jamie Prentis
  • English
  • Arabic

Al Saqi Books, beleaguered by the pandemic lockdowns, flash flooding, disrupted supply chains and the cost of living crisis, is to bring the shutters down on its Westbourne Grove shopfront for the last time after 44 years. As the specialist Arab-world bookseller prepares for a closing-down sale later this month, we republish our Arab Showcase article that originally ran on January 26, 2021.

Sometimes a bookshop is as much about the building where it is housed as the bindings and words on the shelves.

As London's favourite repository of Arabic literature, Al Saqi Books has nestled for decades comfortably in a converted former theatre almost as extraordinary outside as the tales within the volumes for sale.

The facade is inconceivably elaborate, covered in arches, niches in spandrels and sculpted pilasters intermingled with carved fauna and flora, and figures of angels playing instruments, heralding what might lay in store.

Busts of writers Shakespeare, Milton, Bacon as well as painters Rubens and Raphael sit in circular panels on high observing the milling of Arab language readers below.

The melange makes Saqi an experience all to its own. Founded in 1979 by childhood friends André Gaspard and the late writer Mai Ghoussoub, who made London their home after they left the violence of the civil war in Lebanon, it is a means of Middle Easterners maintaining contact with their culture.

Saqi sits within the old Westbourne Hall, built as an entertainment venue in 1861, with a yellow and blue shop sign out the front symbolising its mission statement: 'Saqi means water-seller in Arabic,' says Ms Gaspard. 'So it’s water, life, knowledge.' Courtesy Al Saqi Books/Alamy
Saqi sits within the old Westbourne Hall, built as an entertainment venue in 1861, with a yellow and blue shop sign out the front symbolising its mission statement: 'Saqi means water-seller in Arabic,' says Ms Gaspard. 'So it’s water, life, knowledge.' Courtesy Al Saqi Books/Alamy

They were both Trotskyists who became involved in humanitarian efforts in the early years of the conflict until Ghoussoub lost an eye while attempting to evacuate a wounded Palestinian to hospital.

She sought treatment in Paris, and then settled in London, where she quickly realised that there weren’t any Arabic language bookshops, and suggested to Mr Gaspard that they open one.

In the London store, they would be joined by Mr Gaspard’s wife, Salwa, and the three freethinkers then single-mindedly set up a publishing house to print English language books on the MENA region after growing frustrated at the lack of works available.

As Lynn Gaspard, the daughter of André and Salwa, explains, none of them had a publishing background, but all had been avid readers to obtain information and "intellectual escape" in troubled times in Lebanon.

  • Lynn Gaspard, the daughter of Saqi founders Andre and Salwa, used to play hide and seek between the bookshelves with her sister as a child: 'Saqi’s my home,' she says. Courtesy Al Saqi Books
    Lynn Gaspard, the daughter of Saqi founders Andre and Salwa, used to play hide and seek between the bookshelves with her sister as a child: 'Saqi’s my home,' she says. Courtesy Al Saqi Books
  • The exterior of Al Saqi Books, which is housed in a four-storey building in Bayswater that was built in 1861. Courtesy Al Saqi Books
    The exterior of Al Saqi Books, which is housed in a four-storey building in Bayswater that was built in 1861. Courtesy Al Saqi Books
  • Ms Gaspard is proud of the space that Saqi occupies in publishing important books that she believes can effect change. Courtesy Al Saqi Books
    Ms Gaspard is proud of the space that Saqi occupies in publishing important books that she believes can effect change. Courtesy Al Saqi Books
  • Andre Gaspard, above with his daughter Lynn, who never intended to join the family business but did so after falling in love with Saqi. Courtesy Al Saqi Books
    Andre Gaspard, above with his daughter Lynn, who never intended to join the family business but did so after falling in love with Saqi. Courtesy Al Saqi Books
  • The Lebanese writer and artist Mai Ghoussoub (left), co-founder of Saqi, with her compatriot and author Hanan Al Shaykh. Courtesy Al Saqi Books
    The Lebanese writer and artist Mai Ghoussoub (left), co-founder of Saqi, with her compatriot and author Hanan Al Shaykh. Courtesy Al Saqi Books
  • Wendy Buonaventura, the author the Serpent on the Nile, with Andre Gaspard, co-founder of Al Saqi bookshop. Courtesy Al Saqi Books
    Wendy Buonaventura, the author the Serpent on the Nile, with Andre Gaspard, co-founder of Al Saqi bookshop. Courtesy Al Saqi Books
  • Andre Gaspard was honoured by Lebanon's Ministry of Culture in 2008 at an event in Kensington Town Hall for his contribution to culture in the country. Courtesy Al Saqi Books
    Andre Gaspard was honoured by Lebanon's Ministry of Culture in 2008 at an event in Kensington Town Hall for his contribution to culture in the country. Courtesy Al Saqi Books
  • The Saqi Books team of the late Nineties, with Andre Gaspard bottom left, his wife Salwa, top right, and co-founder Mai middle row on the right. Courtesy Al Saqi Books
    The Saqi Books team of the late Nineties, with Andre Gaspard bottom left, his wife Salwa, top right, and co-founder Mai middle row on the right. Courtesy Al Saqi Books

Ms Gaspard points out the yellow and blue sign above the shop door, featuring the image of a man with a camel leather bag on his back bending down to two children, as the mission statement.

“The word Saqi means water-seller in Arabic,” Ms Gaspard says. “If you know our logo from our bookshop, you’ll see this. So it’s water, life, knowledge. That’s the whole meaning of Saqi.”

As the Lebanese war raged in the Eighties, Saqi, along with the Kufa Gallery next door, became a cultural hub for Middle Easterners, where Arabs, many of whom were in exile, would congregate and share their thoughts. From the Iraqi opposition to established and rising intellectuals, it was a space where differing opinions could be aired without fear.

For Salwa, in particular, however, it has long been a source of pride that most agreed at least in thinking of the small shop as a home from home - and still do.

In the case of the young Lynn, who spent a substantial part of her childhood there, it was even more so. "Saqi's my home," Ms Gaspard tells The National. "Saqi's much more than just a business to me. It symbolises so much more than that. I literally grew up in Saqi as a child," the 37-year-old says, with a laugh.

“After school, the minibus would drop me off at the bookshop and I would play in the basement,” she recalls. “My sister and I would play hide and seek among all the books, the shelves bursting full with Arabic and English language books. It was a lot of fun, and a really exciting time. The bookshop was thriving.”

Ms Gaspard, who eventually took over the publishing arm, said that one of the first books printed was The Crusades Through Arab Eyes, by the Lebanese-born French author Amin Maalouf. It would be joined on the shelves by scores of others over the next decades, on subjects as varied as politics and Arab art to cookery and travel.

The building was long owned by Dr Mohamed Makiya, a well-regarded Iraqi architect who set up the neighbouring Kufa Gallery where Saqi’s lively promotional events were held.

“It was a space where exhibitions, conferences and talks were held, and the Iraqi opposition at the time was invited to hold their meetings.

“In the Eighties, Saqi and the Kufa together became this incredible cultural institution for Middle Easterners in London, around the UK, but also internationally – as it is today, though without the Kufa Gallery unfortunately.”

The point of Saqi isn't to be controversial. It's to encourage a free flow of ideas and knowledge

Five years after the Saqi imprint was launched, her father returned to Beirut to establish a sister outfit, Dar Al Saqi, with the remit of printing seminal titles of philosophy, Western thought and social theory, as well as original fiction by Arab authors often finding it hard to be published elsewhere. It has since become one of the region’s most prestigious publishing houses.

In 2008, Saqi was honoured at a 25th anniversary event at Kensington Town Hall, attended by 600 people to celebrate an award given by Lebanon’s Ministry of Culture to Mr Gaspard for his contribution to culture in the country.

The successes in London and Beirut have come in spite of many challenges over the years. Aside from the usual financial ups and downs associated with running an independent business, some have been of the more unusual variety: hate mail, death threats, smashed windows at the time of the Salman Rushdie fatwa and again during the invasion of Iraq, listings on Al-Qaeda websites, and even a bomb dropped on a warehouse in Beirut by an Israeli war plane in 2006.

Ms Gaspard says that the Arabic language department is the most successful, and many customers come from around the world to find books that are unavailable in their native countries. The running joke at the shop, she says, is that there should be a separate “banned books” section.

The bay windows of Saqi were smashed when copies of The Satanic Verses by Salman Rushdie, above, were featured behind the glass. Staff removed them from the shattered shopfront and sold them out the back. Terry Smith/The LIFE Images Collection via Getty Images/Getty Images
The bay windows of Saqi were smashed when copies of The Satanic Verses by Salman Rushdie, above, were featured behind the glass. Staff removed them from the shattered shopfront and sold them out the back. Terry Smith/The LIFE Images Collection via Getty Images/Getty Images

“The point of Saqi isn’t to publish controversial works or to be controversial in any way,” she wants to make clear. “It’s to encourage a free flow of ideas and intellectual endeavours and knowledge, which is so essential because often back home and even today if there’s an opposing view, it will be censored.”

She and her parents have long been motivated by the simple concept of “good” books. First and foremost, she says, it has to have beautiful writing if it’s a literary offering. For non-fiction, the emphasis is on rigorous, scholarly work.

“We are a progressive publishing house but Saqi does not by any means only publish left-leaning books,” Ms Gaspard says. “We are open. We will publish works that we don’t necessarily agree with, whose main arguments may not be in line with our own personal ones. As long as the work is intellectually stimulating and well backed up and adds value to the scholarship then that’s a good book to my mind.”

Much of Saqi’s intended publishing programme for 2020 was postponed to this year because of Covid-19. Though, bolstered by a strong performance - the best in seven years - before coronavirus, the business began the pandemic in an enviable position.

“These are unprecedented times,” Ms Gaspard says. “We're now relying solely on online and ebook sales, both of which have seen a big increase since spring last year.”

All the authors, all the artists, they are the heroes. We are custodians. It's a privilege for us

She credits the loyalty of Saqi’s clientele for sustaining hope. They are a great support, she says, and lists among them royals who fill their suitcases with books to take back home, friendly Notting Hill celebrities, locals and tourists both Arabic and Westerners alike, universities and embassies.

“And then we have all our authors, all the artists; they’re the heroes,” Ms Gaspard says. “ We are custodians. It’s a privilege for us to work on their works and to help disseminate them internationally. They’re entrusting us with their babies. It’s our job to do the best we can."

Despite a childhood spent on the shop floor, Ms Gaspard never intended to have a career within the family business. Instead, she had wanted to work in international development to “change the world”. At some point, though, the ink had entered her blood.

“I fell in love with Saqi,” she says. “I loved what we represented, I loved the people, I loved what they were doing. And I realised that I’m much more comfortable with this sort of influence because I think you can have an important impact on your community and the wider culture through books."

Ms Gaspard believes that through literature - Arabic or otherwise - readers can find enjoyment while imperceptibly having their outlooks broadened. Courtesy Al Saqi Books
Ms Gaspard believes that through literature - Arabic or otherwise - readers can find enjoyment while imperceptibly having their outlooks broadened. Courtesy Al Saqi Books

Now Ms Gaspard sees Saqi's role in easing insular mentalities and bridging the widening divides. There is, she concedes, still a lot of work to be done, and it encourages her to do more.

"It proves how important outfits like Saqi are," she says. "All these minority publishers or cultural endeavours, we have to keep going. We can’t lose faith.

“A really gentle way to encourage positivity in our communities is to publish a good book, a life-changing or life-affirming - or whatever it may be - book."

Ms Gaspard believes that through literature, Arabic or otherwise, readers can find personal enrichment, both in terms of enjoyment but also in imperceptibly having their outlooks broadened. Within the pages, she says, lies the opportunity to be enlightened.

“It’s a window into another culture,” she says, “and so, without even noticing, your mind is opening.”

So it is that Saqi, the water-seller, will continue to slake a thirst for knowledge, a more crucial figure in the marketplace now than since the sign first went up above the door.

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20FinFlx%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20January%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Amr%20Yussif%20(co-founder%20and%20CEO)%2C%20Mattieu%20Capelle%20(co-founder%20and%20CTO)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%20in%3A%3C%2Fstrong%3E%20Dubai%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%241.5m%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Venture%20capital%20-%20Y%20Combinator%2C%20500%20Global%2C%20Dubai%20Future%20District%20Fund%2C%20Fox%20Ventures%2C%20Vector%20Fintech.%20Also%20a%20number%20of%20angel%20investors%3C%2Fp%3E%0A
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The biogs

Name: Zinah Madi

Occupation: Co-founder of Dots and links

Nationality: Syrian

Family: Married, Mother of Tala, 18, Sharif, 14, Kareem, 2

Favourite Quote: “There is only one way to succeed in anything, and that is to give it everything.”

 

Name: Razan Nabulsi

Occupation: Co-founder of Dots and Links

Nationality: Jordanian

Family: Married, Mother of Yahya, 3.5

Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Who are the Soroptimists?

The first Soroptimists club was founded in Oakland, California in 1921. The name comes from the Latin word soror which means sister, combined with optima, meaning the best.

The organisation said its name is best interpreted as ‘the best for women’.

Since then the group has grown exponentially around the world and is officially affiliated with the United Nations. The organisation also counts Queen Mathilde of Belgium among its ranks.

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

HAEMOGLOBIN DISORDERS EXPLAINED

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The biog

Name: Mohammed Imtiaz

From: Gujranwala, Pakistan

Arrived in the UAE: 1976

Favourite clothes to make: Suit

Cost of a hand-made suit: From Dh550

 

Pakistanis%20at%20the%20ILT20%20
%3Cp%3EThe%20new%20UAE%20league%20has%20been%20boosted%20this%20season%20by%20the%20arrival%20of%20five%20Pakistanis%2C%20who%20were%20not%20released%20to%20play%20last%20year.%20%0D%3Cbr%3E%0D%0D%0D%3Cbr%3E%3Cstrong%3EShaheen%20Afridi%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3ESet%20for%20at%20least%20four%20matches%2C%20having%20arrived%20from%20New%20Zealand%20where%20he%20captained%20Pakistan%20in%20a%20series%20loss.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EShadab%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3E%0DThe%20leg-spin%20bowling%20allrounder%20missed%20the%20tour%20of%20New%20Zealand%20after%20injuring%20an%20ankle%20when%20stepping%20on%20a%20ball.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAzam%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EPowerhouse%20wicketkeeper%20played%20three%20games%20for%20Pakistan%20on%20tour%20in%20New%20Zealand.%20He%20was%20the%20first%20Pakistani%20recruited%20to%20the%20ILT20.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMohammed%20Amir%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EHas%20made%20himself%20unavailable%20for%20national%20duty%2C%20meaning%20he%20will%20be%20available%20for%20the%20entire%20ILT20%20campaign.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EImad%20Wasim%20(Abu%20Dhabi%20Knight%20Riders)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20left-handed%20allrounder%2C%2035%2C%20retired%20from%20international%20cricket%20in%20November%20and%20was%20subsequently%20recruited%20by%20the%20Knight%20Riders.%26nbsp%3B%3C%2Fp%3E%0A
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

The biog

Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates

Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.

Favourite pastime: travelling and experiencing different cultures across the globe.

Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.

Favourite Movie: Mona Lisa Smile 

Favourite Author: Kahlil Gibran

Favourite Artist: Meryl Streep

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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