Sheikh Ahmed bin Saeed, chief executive of the Emirates Group, speaks during a press conference at the Arabian Travel Market in Dubai. Pawan Singh / The National
Sheikh Ahmed bin Saeed, chief executive of the Emirates Group, speaks during a press conference at the Arabian Travel Market in Dubai. Pawan Singh / The National
Sheikh Ahmed bin Saeed, chief executive of the Emirates Group, speaks during a press conference at the Arabian Travel Market in Dubai. Pawan Singh / The National
Sheikh Ahmed bin Saeed, chief executive of the Emirates Group, speaks during a press conference at the Arabian Travel Market in Dubai. Pawan Singh / The National

Boeing's new management must fix delays on 777X wide-body jets, Emirates chairman says


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Emirates is unhappy with the long delays to Boeing's 777X wide-body programme and expects the US plane maker's new management to fix the issues, the airline's chief executive has said.

The airline has received assurances from Boeing that it will address the issue, Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates airline and Group, told reporters during the Arabian Travel Market in Dubai on Tuesday.

"I am not happy. I hope that the new management today will put all the effort to fix the delivery of Boeing's 777X. I met with the management some time ago and they promised to do their best to fix it," he said.

Uncertainty over the delivery date of the 777X jets is "putting a lot of pressure" on the airline's seat capacity and resulted in its multibillion-dollar retrofit programme to upgrade the interiors of older aircraft to keep them in service for longer, he said.

The certification of Boeing's 777X aircraft is now expected to take place in the first quarter of 2025, he said.

Emirates is the largest customer of Boeing's 777X, which will be the aviation industry's biggest twin-engine jet when it enters into service. The plane has been delayed by about five years due to problems including certification hold-ups.

At the Dubai Airshow in November, Emirates signed a deal for firm orders for 55 additional Boeing 777-9s and 35 Boeing 777-8s. This took the airline’s 777X order book to a total of 205 jets.

Out of its previous order of 115 Boeing 777Xs, the first 777-9 is expected to join Emirates’ fleet in 2025.

On Tuesday, Emirates said it will completely refurbish an additional 43 Airbus A380s and 28 Boeing 777 aircraft, expanding its retrofit programme to 191 jets.

The initial plan had called for 120 planes – 67 Airbus A380s and 53 Boeing 777s – to undergo full refurbishment.

The airline is topping up its multibillion-dollar investment in the retrofit programme to prolong the lifetime of its older twin-aisle aircraft amid long delays to the 777X programme.

Emirates' move to DWC

Emirates is expected to move its operations to the new passenger terminal at Al Maktoum International Airport (DWC) in 2034 and "it will be in one go", Sheikh Ahmed said on Tuesday.

Emirates, the world's largest airline by international traffic, has a fleet of 260 planes and carried 43.6 million passengers in its last fiscal year, making the move a major undertaking.

"I think you will wake up one day and see the terminal is open, it is tested and you will see your Emirates flight from Al Maktoum [airport]," he said.

Last month, Dubai said it approved designs for a new passenger terminal at Al Maktoum International and began construction at a cost of Dh128 billion ($34.8 billion).

Sheikh Ahmed said he was "not worried" about the financing for the mega-project.

"A lot of companies, locally and internationally, will be very keen on financing this project, from [the] baggage-handling system to parking to the terminal [building]," he said.

The latest announcement of the new terminal comes after Dubai had set out an earlier plan in 2014 for a $33 billion expansion of DWC in phases.

However, Sheikh Ahmed said he was confident the new terminal project will proceed as scheduled, as domestic airlines Emirates and Flydubai require an airport with a larger capacity to accommodate their future growth plans and large aircraft deliveries.

"We are confident that without this airport, Dubai will be going backward ... having all those aircraft coming to the fleet, they are signed orders, [means] I need gates and parking," he said.

In a separate panel on Tuesday at the Arabian Travel Market, Paul Griffiths, the chief executive of Dubai Airports, said the industry's shift towards smaller planes would change the aviation landscape significantly. Middle Eastern airports that previously could not sustain long-haul services will be connected directly to major hubs such as Dubai, he said.

This will lead to an increase in the number of destinations served by Dubai, potentially exceeding 300 cities, he said.

“The majority of the growth is going to be [in] single-aisle smaller aeroplanes because the engine and airframe technology has moved on so much that the economics of those aircraft are a bit better than the economics of their larger cousins,” Mr Griffiths said.

“What it means is that regional airports that haven't sustained long-haul service will now be connected directly to major hubs like Dubai. So you'll see a plethora of destinations. I think we'll probably get to over 300 cities that are served directly.”

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

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6026 - Dh200

ENGLAND SQUAD

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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%20Hunger%20Games%3A%20The%20Ballad%20of%20Songbirds%20%26%20Snakes
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Dunki
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The specs: 2019 BMW i8 Roadster

Price, base: Dh708,750

Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery

Transmission: Six-speed automatic

Power: 374hp (total)

Torque: 570Nm (total)

Fuel economy, combined: 2.0L / 100km

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SQUAD

Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Mohammed Al Shamsi, Bandar Al Ahbabi, Mohammed Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Saeed Ahmed, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoun Al Zaabi, Ali Saleh, Caio Canedo, Muhammed Jumah, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
ICC T20 Team of 2021

Jos Buttler, Mohammad Rizwan, Babar Azam, Aiden Markram, Mitchell Marsh, David Miller, Tabraiz Shamsi, Josh Hazlewood, Wanindu Hasaranga, Mustafizur Rahman, Shaheen Afridi

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

COMPANY%20PROFILE
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The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

Updated: May 08, 2024, 7:08 AM