Bahrain, the Arabian Gulf’s smallest oil producer, aims to double renewable energy targets to achieve 20 per cent of the total energy mix by 2035, its Minister of Electricity and Water Affairs has said.
“We targeting net zero by 2060, 30 per cent reduction in greenhouse gas emissions by 2035 … doubling renewable energy targets to achieve 20 per cent of the energy mix by 2035 and doubling the afforestation areas in Bahrain,” Yaser bin Ebrahim Humaidan told the World Utility Congress on Monday.
Bahrain is among the GCC countries seeking to boost renewable energy production to reduce emissions and become net zero in the coming decades.
The UAE is investing Dh600 billion ($163.5 billion) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050. The country is building the world’s largest solar plant in the Al Dhafra region of Abu Dhabi with a capacity of 2 gigawatts, as well as the Mohammed bin Rashid Solar Park in Dubai with a 5 gigawatt capacity.
Saudi Arabia, the Arab world’s largest economy, aims to achieve net zero by 2060 and is developing a number of new renewable energy projects.
Bahrain is making “progress” in a number of areas as it aims to achieve the net-zero target by 2060, Mr Humaidan said.
“We have engaged with several of the large industrial emitters and we have implemented a system of continuous emissions monitoring where we can monitor their emissions remotely, continuously and in real-time,” he said. "And that also enables us to have the ability to immediately detect any violations and take corrective action."
Mr Humaidan underscored the collaboration between the private and public sector to achieve net-zero targets and said “both need to work together to build their efforts and amplify them together”.
Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said there should be “mega investments” in the interconnection of the grid for the “full utilisation” of power, as the Gulf countries step up investment in boosting renewable energy capacity.
“There is an idle capacity that is not utilised and interconnecting within the Middle East and within the Arab world, and hopefully, North to Central Asia one day is going to enable us to be more efficient ... and enable us also to do more projects as some [countries] have access to wind, others have to access to solar and others have access to hydro,” he said during a panel discussion at the event.
"There is no transition without interconnectivity with your neighbours and working together as a cluster, clusters of countries and a cluster of interlinking as a continent."
Nuclear energy is critical to US infrastructure and is going to be an essential part of the climate transition in the world's largest economy, according to Kathryn Huff, assistant secretary at the Office of Nuclear Energy at the US Department of Energy.
"Nuclear power is about 20 per cent of our electricity and it's about half of our clean power," Ms Huff said of the US.
"In order to get to the transition that we need to get to net zero by 2050, it's going to be important that we replace unabated retiring and retired coal plants ... this may require building out another 100 gigawatts or 200 new gigawatts of nuclear power in the United States."
Engine: 80 kWh four-wheel-drive
Transmission: eight-speed automatic
Power: 402bhp
Torque: 760Nm
Price: From Dh280,000
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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.
Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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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5,000 - 9,999 steps - lightly active
10,000 - 12,500 steps - active
12,500 - highly active
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Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”
Favourite food: “I'm a vegetarian, so I can't get enough of salad.”
Favourite film: “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”
Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”
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