The Edge group will be showcasing a variety of new products at the Dubai Airshow 2023. Khushnum Bhandari / The National file
The Edge group will be showcasing a variety of new products at the Dubai Airshow 2023. Khushnum Bhandari / The National file
The Edge group will be showcasing a variety of new products at the Dubai Airshow 2023. Khushnum Bhandari / The National file
The Edge group will be showcasing a variety of new products at the Dubai Airshow 2023. Khushnum Bhandari / The National file

UAE's Edge to unveil 11 new air defence products at Dubai Airshow


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UAE defence conglomerate Edge will launch 11 new aerospace products at the Dubai Airshow that starts on Monday, adding to its portfolio of more than 159 systems and solutions.

Edge will showcase its air domain capabilities with the largest stand at the aerospace and aviation event, which takes place from November 13 to 17, it said.

“We also look forward to announcing several international partnerships with companies operating across multiple domains in the defence and civilian spheres, enabling the exploration of joint synergies for further growth through the sharing of knowledge, tapping into established advanced manufacturing ecosystems, and by bolstering our global supply chains,” Mansour Al Mulla, Edge group managing director and chief executive, said.

The new products and systems will cover tactical intelligence, surveillance and reconnaissance, logistics support, and sophisticated combat operations, Edge said.

“The Dubai Airshow is one of the world’s leading aerospace events and the perfect platform from which Edge can showcase its rapidly expanding portfolio of advanced aerospace, space, and air defence products and solutions,” Mr Al Mulla said.

Set up in 2019, Edge specialises in building advanced technology for weapons systems, cyber protection and electronic warfare, with more than 25 companies under its umbrella.

The group has been expanding its portfolio as the UAE, the Arab world’s second-largest economy, focuses on boosting its local defence manufacturing capabilities and diversifying its economy away from oil.

The HT-100 is one of 11 new products that Edge will showcase at the Dubai Airshow. Photo: Edge
The HT-100 is one of 11 new products that Edge will showcase at the Dubai Airshow. Photo: Edge

Among the new systems that Edge is launching at the Dubai Airshow are three autonomous aircraft.

The new REACH-M is a fixed-wing medium-altitude long-endurance unmanned combat aerial vehicle designed for ISR and light ground attack operations.

The aircraft has a maximum take-off weight of 1,500kg and features autonomous capabilities such as automatic take-off and landing and pre-planned flight paths, and can fly for a duration of 24 hours with a maximum payload of 350kg.

Following Edge's announcement last week that it acquired significant shareholdings in Poland-based small jet aircraft manufacturer Flaris and Anavia, a Switzerland-based developer and manufacturer of innovative unmanned helicopter systems, the group will also showcase three aerial vehicles that will now be part of the group’s autonomous aircraft portfolio.

These are the SINYAR jet-powered aircraft, manufactured by Flaris, which can fly at 545 kph at an altitude of 30,000 feet, and can carry a payload of 450kg; and the compact HT-100 multi-role unmanned performance helicopter, manufactured by Anavia for ISR and logistics missions.

The HT-100 can fly for up to six hours at a speed of 120km/h.

The company will also introduce eight new missile guided munition and jammer systems at the airshow.

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Title: Assistant dean of students and director of athletics

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Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

The Specs:

The Specs:

Engine: 2.9-litre, V6 twin-turbo

Transmission: 8-speed automatic

Power: 444bhp

Torque: 600Nm

Price: AED 356,580 incl VAT

On sale: now.

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

MATCH INFO

Newcastle United 1 (Carroll 82')

Leicester City 2 (Maddison 55', Tielemans 72')

Man of the match James Maddison (Leicester)

THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

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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

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Updated: November 13, 2023, 5:15 AM