Saudi Arabia, the United Arab Emirates, Oman, Jordan and Egypt, announced a joint military exercise on Sunday.
The exercise, named Tuwaiq 2, will last two weeks and will aim to achieve readiness and operational compatibility and integration, Saudi state news agency Spa reported. Kuwait and Bahrain will participate as observers.
Tuwaiq 2 will largely focus on air exercises and will be carried out in different stages.
The exercise will focus on achieving high levels of operational readiness among the participating countries and will include training for tactical airdrops.
The air forces participating in the exercise will arrive on Friday to Prince Sultan Air Base, accompanied by logistical and support staff.
The announcement of this joint military exercise follows the start of military exercise by the UAE and Egypt that focused on improving combat readiness of the two nations.
The Zayed 3 exercises are due to continue until June 30.
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Ground personnel from the UAE Armed Forces and troops from the Egyptian Army launched military exercises under the banner Zayed 3 in the UAE this weekend. Wam -

The Zayed 3 exercises involving the UAE Armed Forces and Egyptian Army will run until June 30. Wam -

The Zayed 3 exercises are designed to increase the combat readiness of UAE Armed Forces and Egyptian Army personnel. Wam -

The Zayed 3 exercises involving the UAE Armed Forces and Egyptian Army also underline the historic and strategic relations between the two countries. Wam -

Military co-operation between the UAE and Egypt is built on a long history. Wam -

Held amid the challenges brought on by the coronavirus pandemic, the Zayed 3 exercises testify to the ability of the UAE to achieve recovery and the UAE Armed Forces' achievements in organising major military exercises, in line with the best international practices.. Wam
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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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