• Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Airline and Group on the second day of the Dubai Airshow 2021. Chris Whiteoak / The National
    Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Airline and Group on the second day of the Dubai Airshow 2021. Chris Whiteoak / The National
  • Sheikh Ahmed looks at a Bell helicopter during his visit to the Middle East and North Africa Business Aviation Association airshow at Dubai World Central Airport. Pawan Singh / The National
    Sheikh Ahmed looks at a Bell helicopter during his visit to the Middle East and North Africa Business Aviation Association airshow at Dubai World Central Airport. Pawan Singh / The National
  • Sheikh Ahmed with Arsenal football club manager Mikel Arteta.
    Sheikh Ahmed with Arsenal football club manager Mikel Arteta.
  • Sheikh Ahmed on a Sukhoi business jet at the MEBAA airshow. Chris Whiteoak / The National
    Sheikh Ahmed on a Sukhoi business jet at the MEBAA airshow. Chris Whiteoak / The National
  • Sheikh Ahmed and Bernie Ecclestone, then chief executive of the Formula One Group announce a five-year sponsorship agreement starting in the 2013 racing season. Razan Alzayani / The National
    Sheikh Ahmed and Bernie Ecclestone, then chief executive of the Formula One Group announce a five-year sponsorship agreement starting in the 2013 racing season. Razan Alzayani / The National
  • Sheikh Ahmed and Prince Harry arrive at an event for the British royal's Sentebale charity, in Dubai. EPA
    Sheikh Ahmed and Prince Harry arrive at an event for the British royal's Sentebale charity, in Dubai. EPA
  • Sheikh Ahmed inaugurates Dnata's customer service centre for export cargo customers, in 2016.
    Sheikh Ahmed inaugurates Dnata's customer service centre for export cargo customers, in 2016.
  • Sheikh Ahmed at the official opening of the Emirates SkyCargo terminal in Dubai South, in 2015.
    Sheikh Ahmed at the official opening of the Emirates SkyCargo terminal in Dubai South, in 2015.

Sheikh Ahmed ranked region's top travel and tourism leader by Forbes Middle East


  • English
  • Arabic

Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Airline and Group, who is also the president of Dubai Civil Aviation and chairman of Dubai Airports, has been ranked as the top travel and tourism leader by Forbes Middle East.

The list highlights 50 leaders from the Middle East who drive growth in the region's travel and tourism sector, building on their desire to reconnect with the world, state news agency Wam reported on Sunday.

Dubai Airports' chief executive Paul Griffiths ranked third in the list.

"The UAE dominated this month's list, with 24 of the leaders featured based in the UAE, followed by 11 in Saudi Arabia, and four in Egypt," the report said.

The hotels and hospitality sector provides the list with 26 entries, followed by aviation with 17 and tourism with seven entries.

The Middle East’s travel and tourism sector is likely to reach $246 billion this year, just 8.9 per cent below pre-pandemic levels, according to the World Travel and Tourism Council.

The sector contributed $270bn to the region’s economy in 2019, before the coronavirus pandemic struck, the global tourism body said on March 2.

“Since the start of the pandemic, governments across the Middle East have shown real commitment to travel and tourism. Saudi Arabia, in particular, is making a major investment in travel and tourism,” Julia Simpson, WTTC president and chief executive, said at the time.

The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EOlive%20Gaea%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Vivek%20Tripathi%2C%20Jessica%20Scopacasa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ELicensed%20by%3A%20%3C%2Fstrong%3EDubai%20World%20Trade%20Centre%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Climate-Tech%2C%20Sustainability%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%241.1%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ECornerstone%20Venture%20Partners%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
Bio

Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind. 
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.

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

The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

The Uefa Awards winners

Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)

Uefa Women's Player of the Year: Lucy Bronze (Lyon)

Best players of the 2018/19 Uefa Champions League

Goalkeeper: Alisson (Liverpool)

Defender: Virgil van Dijk (Liverpool)

Midfielder: Frenkie de Jong (Ajax)

Forward: Lionel Messi (Barcelona)

Uefa President's Award: Eric Cantona

Updated: March 07, 2022, 5:24 AM