Emirates, the world’s biggest long-haul airline, now expects to take delivery of its first Airbus A350-900 aircraft by the first week of December, after facing several delays this year in the handover of the model.
The aircraft's first commercial flight, to Edinburgh, has been rescheduled for mid-January, Adnan Kazim, deputy president and chief commercial officer of Emirates, told The National on the sidelines of the Arab Air Carriers Organisation meeting in Jordan. The flight will be followed by regional routes including Ahmedabad, Mumbai, Colombo, Muscat, Kuwait and Bahrain.
Emirates expects to receive eight A350s by the end of its financial year, which runs from April 1 to March 31, he added. The initial delays stem from a combination of supply chain issues for parts including seats and the inflight entertainment, as well as technical testing of items onboard the aircraft while on the ground and in the air.
Emirates has 65 Airbus A350-900 planes on order. The first deliveries were supposed to be made in August this year, but were delayed until October and then again until November.
The airline is facing a double whammy of aircraft delays from Boeing and Airbus, as well as a decline in production quality across suppliers that is hampering its expansion plans, Mr Kazim said.
"We don't want to finger-point ... but overall the industry has gone through a major revamp where a lot of skills and knowledge shifted away to other industries when Covid hit," he said. "The industry lost many good-quality people across different areas in the supply chain and the manufacturers. You're talking about 20, 30 years of experience.
"Once you lose them, it takes time to recover and whether that will come back or not is something that raises a big question mark."
The problems with quality have resulted in delays, with Emirates declining to accept products that fail to meet its standards. "We are quite firm in our stand and part of the delays we're going through is to make sure that the aircraft that will fly with us meet that standard and that quality and we don't compromise," Mr Kazim said.
"We could have maybe taken some of these aircraft as is and then work on it, but this is not how Emirates works ... it's not an easy environment to be dealing with. Quality is one component but [production] delays is another component."
This has cost Emirates opportunities for further growth, as it is forced to postpone planned expansion. It is also stuck with a hefty price tag to retrofit its existing aircraft to keep them in the fleet for longer.
For example, the airline should have received 80 of the Boeing 777X wide-body aircraft, but its entry into service has been pushed back until the second half of 2026, Mr Kazim said.
Emirates' legal team is in constant talks with Boeing regarding compensation for the jet delivery delays, but the amount is "a fraction of the impact that it is making by not having the aircraft," he added.
"We cannot predict today any timeline around when [777X] will be delivered, even though the indication is showing the second half of 2026 as a delivery," he said. "But again, it is anyone's guess today in terms of how things will shape up."
Boeing said in October it would postpone plans for the 777X’s entry into service by another year, until 2026, due to certification issues. The model was first scheduled to be delivered in 2020. Emirates has orders for 205 777X, nearly half the model’s total backlog.
"The compensation, we will go for it, but this is not the intention. The intention is to get the aircraft to fly and there are a lot of plans sitting behind it," Mr Kazim said.
The airline, which currently operates to 147 destinations around the world, has an ambitious plan to reach more than 170 by 2030, he said.
"There is demand that's coming in from various pockets of the world, particularly in Asia. We're also seeing growth coming in Africa, the US and these aircraft would have allowed more expansion," Mr Kazim said.
Emirates, which typically announces its first-half yearly annual results in November, has recorded "very strong" demand in the first six months of its fiscal year. Many routes, particularly during the summer, have had load factors exceeding 90 per cent, with demand for premium cabins in first and business class robust, he explained.
So far, Emirates has recovered about 95 per cent of its pre-Covid network size, as it resumes flights to cities including Adelaide and Lagos, and launches new routes to locations such as Bogota, he said.
About 60 per cent of its route network will soon get aircraft featuring the premium economy cabin, reaching 42 destinations by the end of the financial year, from 24 currently. About 63 aircraft will feature the premium economy cabin by the end of March, up from 38 currently, he said.
Match info
Wolves 0
Arsenal 2 (Saka 43', Lacazette 85')
Man of the match: Shkodran Mustafi (Arsenal)
'Saand Ki Aankh'
Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars
Start-up hopes to end Japan's love affair with cash
Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.
Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.
Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.
Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.
Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.
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
Most wanted allegations
- Benjamin Macann, 32: involvement in cocaine smuggling gang.
- Jack Mayle, 30: sold drugs from a phone line called the Flavour Quest.
- Callum Halpin, 27: over the 2018 murder of a rival drug dealer.
- Asim Naveed, 29: accused of being the leader of a gang that imported cocaine.
- Calvin Parris, 32: accused of buying cocaine from Naveed and selling it on.
- John James Jones, 31: allegedly stabbed two people causing serious injuries.
- Callum Michael Allan, 23: alleged drug dealing and assaulting an emergency worker.
- Dean Garforth, 29: part of a crime gang that sold drugs and guns.
- Joshua Dillon Hendry, 30: accused of trafficking heroin and crack cocain.
- Mark Francis Roberts, 28: grievous bodily harm after a bungled attempt to steal a £60,000 watch.
- James ‘Jamie’ Stevenson, 56: for arson and over the seizure of a tonne of cocaine.
- Nana Oppong, 41: shot a man eight times in a suspected gangland reprisal attack.
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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Notable Yas events in 2017/18
October 13-14 KartZone (complimentary trials)
December 14-16 The Gulf 12 Hours Endurance race
March 5 Yas Marina Circuit Karting Enduro event
March 8-9 UAE Rotax Max Challenge
COMPANY%20PROFILE
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57%20Seconds
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How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
RESULT
Fifth ODI, at Headingley
England 351/9
Pakistan 297
England win by 54 runs (win series 4-0)
Killing of Qassem Suleimani
HERO%20CUP%20TEAMS
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Plan to boost public schools
A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.
It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.
Aspects of the school model will be extended to international private schools, the education minister has previously suggested.
Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.
SPEC%20SHEET
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