Dr Nawal Al Hosany dedicated her award to 'all the trailblazing women in the energy sector in the Middle East'. UAE Mission to Irena
Dr Nawal Al Hosany dedicated her award to 'all the trailblazing women in the energy sector in the Middle East'. UAE Mission to Irena
Dr Nawal Al Hosany dedicated her award to 'all the trailblazing women in the energy sector in the Middle East'. UAE Mission to Irena
Dr Nawal Al Hosany dedicated her award to 'all the trailblazing women in the energy sector in the Middle East'. UAE Mission to Irena

UAE's Nawal Al-Hosany becomes first Middle Eastern recipient of prestigious energy award


Marwa Hassan
  • English
  • Arabic

Dr Nawal Al-Hosany, the UAE's Permanent Representative to the International Renewable Energy Agency (Irena), has been honoured with the Energy Institute’s President’s Award – becoming the first person from the Middle East to receive this distinction.

This award was presented in recognition of Dr Al-Hosany's exceptional contributions to accelerating the energy transition, her advocacy for renewable energy and her efforts to encourage greater female participation in the energy sector across local, regional and international platforms, said officials.

“I am incredibly humbled and proud to receive the Energy Institute’s President’s Award,” Dr Al-Hosany told The National.

“It’s critical that women – especially women from the Middle East – are recognised for their contributions to driving the energy transition, which can often go overlooked outside of the region”.

The President’s Award is a prestigious accolade from the Energy Institute, a London-based organisation for professionals in energy-related fields, with a history of more than 90 years.

It is given to individuals who have demonstrated outstanding leadership in the energy industry and have significantly contributed to the institute's goal of creating a sustainable energy future.

This future is envisioned through the acceleration of a global energy transition to net-zero emissions, aligning with efforts to combat climate change and promote environmental sustainability.

“For me, receiving the Energy Institute’s President's Award transcends one person’s impact,” said Dr Al-Hosany.

“It’s recognition of the barriers that women from the Middle East are breaking, as they increasingly drive the clean energy and climate action agenda. But, let’s be honest – we’re still a long way from where we need to be.”

The award ceremony, which also included the presentation of an honorary fellowship to Dr Al-Hosany, took place during the institute's annual event that concludes International Energy Week in London.

This served as a platform to acknowledge Dr Al-Hosany's leading role in the field of renewable energy and her advocacy work to remove barriers for women in the energy sector.

Upon receiving the award, Dr Al-Hosany dedicated it to “all the trailblazing women in the energy sector in the Middle East”, emphasising her belief in the collective effort required to drive the energy transition and create a more sustainable future.

The presentation of the award by Energy Institute president Juliet Davenport highlighted the impact of Dr Al-Hosany's work in the energy sector, both within the UAE and internationally.

Ms Davenport's remarks celebrated Dr Al-Hosany's role in advocating for renewable energies and addressing the challenges to their deployment, underlining her influence in fostering a faster transition to sustainable energy sources.

Dr Al-Hosany's recognition by the institute not only celebrates her own achievements but also marks an important moment of recognition for the Middle East's role in the global energy transition.

She looked ahead to the role women in the Middle East can play in achieving this.

“In the UAE, we are always encouraged to challenge traditional thinking; gender has never been a barrier to entry for any industry,” Dr Al-Hosany said.

“I hope that more women continue to step up and into leadership positions which can influence the trajectory of our future, as we look to meet our net-zero ambitions by mid-century.”

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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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

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The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

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Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

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Updated: March 05, 2024, 11:52 AM