The recent celebrations held for Bin Moosa & Daly's 50th anniversary were as much a celebration of Michael Daly's father's life and Abu Dhabi's recent history as it was about the company.
Mr Daly often argues that his father, also called Michael, was “the first Irishman in Abu Dhabi”, having arrived in 1958 while working for BP to teach engineering skills to young Emirati students.
Mr Daly senior played a significant role in expat society as Abu Dhabi grew. He helped with the construction of the capital's first church after Sheikh Shakhbout granted land for the building that became St Joseph's, which opened its doors in 1965. He also played a hand in the setting up of The Club, a private members' club in Abu Dhabi founded in 1962 on land donated by Founding Father Sheikh Zayed, and became its first elected chairman.
“He was well known in Abu Dhabi - played a lot of golf, knew everyone,” says his son, Michael, who is Bin Moosa & Daly's managing director.
“So when you’re having a 50-year celebration a lot of it was about my dad. There was a 95-year-old lady there, Mrs Henderson. Her husband died long ago. He was an ex-British ambassador. But she is still here - courtesy of the Royal Family.”
Another guest was Fr Eugene Mattiolo, an Italian priest who has served in the region for decades.
“He knew my dad for 50 years,” Mr Daly says. “He’s still working in Mussaffah. I said, ‘Fr Eugene, you are 86, you are 60 years a priest - all of it in the Middle East. Isn’t it about time you retired, went back to Italy and enjoyed yourself?’. He said, ‘I’d get bored’.
“He retired two years ago, and then came out of retirement. He’s an amazing man.”
Many of the other guests were from companies whose equipment Bin Moosa & Daly supplies in the region.
“A lot of these are family businesses,” Mr Daly says, explaining that relationships with some of these firms stretch back almost as long as the company’s own history. The Australian company Davey Water Products has been supplying the company with water pumps of all sizes since 1969, for instance.
“We’re their biggest overseas customer,” he says. “We’ve been dealing with them since 1969. In 2005, they had just finished making their four millionth pump. They made two gold-plated pumps. They kept one in their head office in Melbourne and they gave one to me.”
Mr Daly says he had initially planned to follow in his father’s footsteps by working for BP after graduating from university in England, but eventually decided to go into the family business.
“To be honest, if you worked for a big company in those days you could get sent anywhere. I could have been sent to Alaska or Venezuela, and I just didn’t fancy being sent here and there.
“I was brought up here. I spent a lot of time here. It’s an unusual place. It’s unique in the Middle East. There is nowhere else like it. The tolerance, the lifestyle ... I’ve been working here for 42 years and I wouldn’t go anywhere else.
Mr Daly turns 64 this month and although his son Luke is involved in the business running the Dubai showroom, he says he has absolutely no plans to retire.
“I don’t retire - it’s a family business and I want to stay. Like my dad, they’ll take me out in a box.”
business@thenational.ae
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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Mohammed bin Zayed Majlis
Yuki Means Happiness
Alison Jean Lester
John Murray
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Scores in brief:
Day 1
New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38
Pakistan (1st innings) 59-2 (23 overs)
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MATCH INFO
Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD
The biog
Favourite Emirati dish: Fish machboos
Favourite spice: Cumin
Family: mother, three sisters, three brothers and a two-year-old daughter
APPLE IPAD MINI (A17 PRO)
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Fines for littering
In Dubai:
Dh200 for littering or spitting in the Dubai Metro
Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle.
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle
In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches