Life lessons: Prepare our youth to become leaders of tomorrow


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The annual World Government Summit tagline is that it is a global platform dedicated to shaping the future of government worldwide. Political, business and social leaders from all over the world gather to share their knowledge and insights into the current affairs of the world and discuss how we can build a better tomorrow.

The keynote speech of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, re-energised the crowds and reminded them of the importance of our vision and mission (and personally gave me goosebumps). Sheikh Saif bin Zayed took us down memory lane with some of the most important lessons the Founding Father Sheikh Zayed taught us through his life. However, it was the last session that really put a stamp on what this summit is all about, not the politicians and leaders today, but the youth who are going to be taking over tomorrow.

The final plenary session was on the Arab Youth Strategy led by Sheikh Mansour bin Zayed and Shamma Al Mazrui, the Minister of State for Youth Affairs. With them on stage were youth leaders from around the Arab world, Arab youth who were graduates of Harvard and MIT, Arab youth who worked at prestigious companies such as McKinsey, Arab youth who were building social enterprises trying to tackle the biggest problems facing youth in this region. Each young person on stage got a chance to address the leaders and decision makers in the audience. It was a truly powerful moment.

In the UAE, the leaders are out and about, engaging with people, getting a first-hand understanding of issues, trends and events taking place in communities around the country. A growing trend the UAE leadership has taken significant interest in is youth empowerment and engagement as a major part of the dynamic changes we are seeing in our society. In the UAE, the youth have always had access to the rights and privileges that enable them to grow and become positive, contributing members of society – things such as primary, secondary and higher education, scholarships and employment support. Now there is a strong transition by our government into empowering youth and giving them the tools with which to work and contribute to their communities.

When you look back at recent history, this has been brewing for some time. In 2010, when Sheikh Mohammed bin Saud Al Qasimi was appointed Crown Prince of Ras Al Khaimah at 23 years of age, that made him the fourth Crown Prince – out of seven – in their 20s, along with Dubai, Fujairah and Umm Al Quwain.

These appointments showcased a lot of characteristics being developed at the highest level, namely, timely succession planning, and the importance of engaging and training youth at an early age even for the most important positions. Government leaders should take note and pay close attention to this, because what it means is that if you are a leader and you are not preparing youth to take over then you are doing your organisation and your country a disservice.

More than 28 per cent of the population of the Middle East is between the ages of 15 and 29, which represents more than 108 million young people, the largest number of young people transitioning to adulthood in the region’s history.

The steps the UAE is taking to engage youth is what we need to maintain our progressive and proactive approach to national development. The economic and social requirements needed to incorporate and provide opportunities for this transitioning youth is a matter that governments must answer before the transition is complete to ensure that youth have the same hope and opportunities that we have become accustomed to.

That, in the words of Sheikh Mansour, is how we prepare to unleash the greatest resource this region has – its youth.

Khalid Al Ameri is an Emirati ­columnist and social commentator. He lives in Abu Dhabi with his wife and two sons.

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
FOOTBALL TEST

Team X 1 Team Y 0

Scorers

Red card

Man of the Match

 

ENGLAND SQUAD

Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)

Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)

Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)

Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Manchester United v Club America

When: Thursday, 9pm Arizona time (Friday UAE, 8am)

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

HOW TO WATCH

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The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

The biog

Profession: Senior sports presenter and producer

Marital status: Single

Favourite book: Al Nabi by Jibran Khalil Jibran

Favourite food: Italian and Lebanese food

Favourite football player: Cristiano Ronaldo

Languages: Arabic, French, English, Portuguese and some Spanish

Website: www.liliane-tannoury.com

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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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Carlton Books

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

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Rating: 3/5

Directors: Ramin Bahrani, Debbie Allen, Hanelle Culpepper, Guillermo Navarro

Writers: Walter Mosley

Stars: Samuel L Jackson, Dominique Fishback, Walton Goggins

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)