The Middle East region has a clear vision to expand tourism, according to Nick Parker. Sarah Dea / The National
The Middle East region has a clear vision to expand tourism, according to Nick Parker. Sarah Dea / The National
The Middle East region has a clear vision to expand tourism, according to Nick Parker. Sarah Dea / The National
The Middle East region has a clear vision to expand tourism, according to Nick Parker. Sarah Dea / The National

New Virgin Atlantic regional chief says Dubai remains key destination


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The Caribbean and Middle East aviation markets could not be more different – but Nick Parker knows them both better than most.

The executive is based in New Delhi as Virgin Atlantic’s head of India and the Middle East, having relocated in October from Barbados where he served as the airline’s regional manager for the Caribbean.

Here, in his first interview with the UAE media since relocating, Mr Parker lays out his views on a regional aviation market more used to giant Airbus A380s than propeller planes.

How does the Middle East market differ from the Caribbean?

I was very fortunate to experience the Caribbean for five years. Clearly they are very different markets. The Middle East seems to be dominated by A380s, whereas in the Caribbean the regional carrier there is flying [small planes like] ATRs and Dash 8s. In the Middle East I think there’s a clear vision in terms of what the strategy is to grow tourism, to be an important hub. And they’ve obviously got the finance available to turn those visions into reality. Whereas in the Caribbean, the economies are a lot smaller, and clearly from a resource and funding point of view it can be challenging.

Does Virgin Atlantic need A380s to compete with the likes of Emirates Airline?

We don’t need to fly an A380 to compete there. What we’re focused on is competing on the product and service. We’ve got a fantastic cabin crew, great ground staff. It’s all about making sure that people have a wonderful experience with us. Obviously the benefit of flying a smaller aircraft is you can have that more personalised experience and interaction with people. You can do that really effectively, you don’t need to be flying an A380 around.

Sir Richard Branson said last year the airline could boost capacity on the Dubai route. Is that still on the agenda?

Dubai and the other routes in our international network are all really important to us, but it’s making sure that we are deploying the available capacity that we’ve got on the routes where we will get the best returns. So, obviously, we’ll always be looking at Dubai and deciding when to put something extra in there. But at the moment there’s not any immediate or short-term plans on that.

Has Virgin “missed the boat” in the Arabian Gulf?

No not necessarily. In the GCC region we can always look at other route opportunities. But it’s making sure that we have the right network for our business. We will evaluate further opportunities as they come up.

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KYLIAN MBAPPE 2016/17 STATS

Ligue 1: Appearances - 29, Goals - 15, Assists - 8
UCL: Appearances - 9, Goals - 6
French Cup: Appearances - 3, Goals - 3
France U19: Appearances - 5, Goals - 5, Assists - 1

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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Read part two: how climate change drove the race for an alternative 

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