Sheikh Mohammed with the Great Arab Minds award winners. Victor Besa / The National
Sheikh Mohammed with the Great Arab Minds award winners. Victor Besa / The National
Sheikh Mohammed with the Great Arab Minds award winners. Victor Besa / The National
Sheikh Mohammed with the Great Arab Minds award winners. Victor Besa / The National

Dh100 million allocated to foster innovation as Dubai celebrates Great Arab Minds winners


Salam Al Amir
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Dh100 million will be allocated to fostering regional innovation as a new research centre was launched at Dubai's Museum of the Future.

The project was announced by Mohammed Al Gergawi, Minister of Cabinet Affairs, during the Great Arab Minds (GAM) award ceremony held at the museum on Monday.

The event also saw Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, honouring six Arab scientists and intellectuals who were among the first winners of the Great Arab Minds initiative.

The initiative was launched by Sheikh Mohammed in January last year, to identify the brightest minds in the Arab world and harness their ideas.

“We are often asked what we have contributed to human civilisation beyond crises and wars,” said Mr Al Gergawi, referring to Western perceptions of the Arab world.

“The answer is that our region is the cradle of civilisations and the birthplace of knowledge.

“Our history shows a long-standing tradition of valuing scholars, from the Muslim caliphs who weighed books with gold to the renowned libraries of Baghdad, Andalusia, and Cairo.”

Great Arab Minds celebrated

During the ceremony Sheikh Mohammed honoured six Arab scientists and intellectuals.

US-based Saudi surgeon Dr Hani Najm, a Saudi heart surgeon renowned for his work in paediatric and congenital heart surgery at Cleveland Clinic, Ohio, was named as a winner of the award for his efforts in the medical sector.

Dr Hani Najm is credited with developing a gradually self-expanding heart valve for children, which spares them the need for repeated surgery for valve replacement. Photo: Cleveland Clinic
Dr Hani Najm is credited with developing a gradually self-expanding heart valve for children, which spares them the need for repeated surgery for valve replacement. Photo: Cleveland Clinic

“Its an incredible moment and an interjectory in our lives as Arabs,” Dr Hani told The National.

He said the award would certainly attract the brilliant Arab minds back to their native lands.

“Providing the appropriate environment for inventors to continue their work here would be the future of this platform.”

Lebanese Professor Lina Ghotmeh, recognised for her significant contributions to Architecture and Design globally, spoke about her approach.

“Architecture is our language to express our culture, history, and aspirations. I see this award as a recognition of the pivotal role of our discipline in shaping the Arab world's identity.”

Speaking to The National Dr Mohamed El Erian, an Egyptian-American economist and president of Queens' College, University of Cambridge who won the economics category award said the award would bring hope to those in need.

“Given the tragedy happening in Gaza and the need for hope for the Arab youth, this initiative is not only a reminder of how Arab thought has contributed to global advancements, It’s also a beacon of hope in these challenging times,” he said.

Dr Mohamed El Erian won the economics category of the Great Arab Minds awards. Pawan Singh / The National
Dr Mohamed El Erian won the economics category of the Great Arab Minds awards. Pawan Singh / The National

Addressing Arab youth, Mr El Erian said there will be many challenges ahead and the road will not be smooth.

“But persist, have a purpose and enable others in this journey because it's a very important journey not just for you but for our society,” he said.

The engineering and technology award was presented to Lebanese-born Professor Fadel Adib of Massachusetts Institute of Technology who has a track record of over 80 research papers and patents.

“This recognition is not just for my work but for the potential of Arab minds in engineering and technology. It's a testament to our capability to address complex global challenges.”

Algerian Professor Waciny Laredj, winner of the award in Literature and Arts, spoke of the broader implications of the award for the Arab intellectual community.

“This award raises an important question: Why do so many of our intellectuals and scientists seek opportunities abroad?”

“The true value of this initiative lies in its potential to create environments where Arab minds can thrive in their own countries.”

Lebanese Professor Niveen Khashab, honoured in Natural Sciences said her decision to join King Abdullah University of Science and Technology (KAUST) in 2008, was initially met with scepticism from peers.

“Many thought it was crazy to pursue a scientific career in an Arab country,” she said.

“This award brings hope, signalling a shift towards a brighter future for all Arab countries.

“Often, singers are more renowned than scientists here. But now, we're building a new generation that will recognise and value their scientists and inventors.”

They each received Dh1m to fund their research and privileges including offices for programme fellows at the museum.

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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