Abu Dhabi Sustainability Week will hold a special edition at the Cop28 UN climate change conference, which will be hosted by the UAE from November 30 to December 12.
The one-day Abu Dhabi Sustainability Week Summit will take place on December 4 at the Connect Conference Centre in Expo City, Dubai, under the theme, United on Climate Action at Cop28.
The gathering, hosted on Cop28’s thematic finance day, will address issues such as investing for inclusion and climate finance, and identify ways to speed up sustainable development, event organiser Masdar said on Monday.
The event will play a “critical role in maintaining worldwide climate momentum” at Cop28, Masdar said.
“As the UAE looks ahead to hosting Cop28, it is vital that we use every opportunity at our disposal to fast-track a just and orderly energy transition and to keep 1.5ºC within reach,” said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Cop28 President-designate and chairman of Masdar.
“Abu Dhabi Sustainability Week was set up by Masdar in 2008 and has grown into a leading global initiative that extends well beyond one week.
“The special edition at Cop28 provides an important platform for a wider community of key stakeholders to have their voices heard and to accelerate a just and inclusive transition to a net-zero future.”
Cop28 is the first summit to evaluate the progress made since the Paris Climate Agreement in 2015, which calls for action to limit temperature rises to 1.5°C on pre-industrial levels.
Pledges to keep the goal alive would be assessed every five years. This is known as a “global stocktake” and will take place for the first time at Cop28 in the UAE, with Denmark and South Africa invited to assist.
Throughout Cop28, Abu Dhabi Sustainability Week will host events in the blue and green zones.
In the green zone, the ADSW Partnership Hub will run a series of structured collaborative activities. Its virtual content platform, ADSW Live, will stream live interviews from the green zone.
Abu Dhabi Sustainability Week will also feature the WiSER initiative, which aims to boost the role of women and girls, while Youth 4 Sustainability, a Masdar initiative, will host the Y4S Forum on December 8.
“We … look forward to welcoming key stakeholders in sustainability and clean energy as we look to drive positive change to tackle the world's most urgent and pressing challenges together,” said Mohamed Al Ramahi, chief executive of Masdar.
Masdar, which plays a key role in the UAE's clean energy agenda, is active in more than 40 countries and has invested in a portfolio of renewable energy projects with a combined capacity of around 20 gigawatts.
It aims to increase this to at least 100 gigawatts by 2030. The company is also targeting green hydrogen production of 1 million tonnes per annum by the same year.
Masdar has renewable energy projects under development in Europe, Africa, Central Asia and the Americas.
These include the Cirata floating solar plant in Indonesia, the largest in South-east Asia, and the Garadagh Solar PV Plant, Azerbaijan’s first foreign investment-based independent utility scale solar project.
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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“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
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“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
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What are the awards? They honour anyone who has made a contribution to life in Abu Dhabi.
Are they open to only Emiratis? The awards are open to anyone, regardless of age or nationality, living anywhere in the world.
When do nominations close? The process concludes on December 31.
How do I nominate someone? Through the website.
When is the ceremony? The awards event will take place early next year.
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