The UAE and Oman are to be linked by a rail network that carries freight and passengers in a landmark deal.
Passenger trains that can reach speeds of 200 kilometres an hour will connect Abu Dhabi with Sohar in the north of Muscat, the Oman News Agency (ONA) said. Freight trains will run at up to 120kph.
The deal includes connecting the UAE's existing freight services line to Sohar, the sultanate's deep-sea port.
Oman Rail and Etihad Rail will establish a joint company to introduce and operate the railway network.
The agreement was signed by Shadi Malak, chief executive of Etihad Rail, and Abdulrahman Salim Al Hatmi, group chief executive of Oman's state-owned logistics company Asyad.
Under this agreement, the new company will lay the groundwork and work plan for the project, including its financial elements and schedule, and will also handle the design, development, and operation of the rail network, UAE state news agency Wam said.
Passenger trains will reach 200 kph, running between Sohar and Abu Dhabi in 100 minutes, and between Sohar and Al Ain in 47 minutes.
Freight trains, which run up to 120 kph, will have an annual capacity of 22.5 million tonnes of bulk cargo and 282,000 containers.
The company will receive investments amounting to about 1.16 billion Omani rials ($3bn). Wam confirmed a deal had been signed.
Speaking to ONA, Mr Malak said that the agreement “lays out a map for a sustainable project that will contribute to strengthening the solid relations between the UAE and Oman”.
The announcement came after President Sheikh Mohamed arrived in Oman on Tuesday to begin a two-day state visit.
In total, 16 agreements have been signed between the UAE and Oman so far. These are in the fields of energy, co-operation on transport, communications and logistics, maritime transport, and co-operation and investment in industry.
The Etihad Rail line will span approximately 1,200km. It will link 11 cities and areas across the UAE, from the border with Saudi Arabia to Fujairah in the north.
Last week, Etihad Rail signed four preliminary agreements with international companies for rail operations, maintenance and passenger stations.
Sheikh Mohamed and Sultan Haitham held talks on Tuesday that centred on the two leaders’ shared vision for a secure and stable region that promotes sustainable development and supports a thriving economy.
The leaders held a one-on-one session after the talks.
Etihad Rail's new batch of trains: in pictures
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
Results:
First Test: New Zealand 30 British & Irish Lions 15
Second Test: New Zealand 21 British & Irish Lions 24
Third Test: New Zealand 15 British & Irish Lions 15
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
The specs
Engine: 5.0-litre V8
Power: 480hp at 7,250rpm
Torque: 566Nm at 4,600rpm
Transmission: 10-speed auto
Fuel consumption: L/100km
Price: Dh306,495
On sale: now
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
Mohammed bin Zayed Majlis
Zayed Sustainability Prize
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
AGL AWARDS
Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)