• In this Jan. 9, 1994, file photo, computer mogul Bill Gates III and bride Melinda French greet guests in a reception line at a private estate in Seattle. The couple was married in Hawaii the week prior. AP Photo
    In this Jan. 9, 1994, file photo, computer mogul Bill Gates III and bride Melinda French greet guests in a reception line at a private estate in Seattle. The couple was married in Hawaii the week prior. AP Photo
  • Bill Gates Chairman and CEO of Microsoft and his wife Melinda listens to Josh Stack, 15, explaining the Demopolis, Alabama web site on a computer at the Demopolis Public library, February 24, 1998. Reuters.
    Bill Gates Chairman and CEO of Microsoft and his wife Melinda listens to Josh Stack, 15, explaining the Demopolis, Alabama web site on a computer at the Demopolis Public library, February 24, 1998. Reuters.
  • Bill Gates contends with an ill-fitting hard hat while his wife, Melinda Gates, looks on in Seattle at the groundbreaking of the University of Washington's new law school facility, William H. Gates Hall, May 4, 2001. AP Photo
    Bill Gates contends with an ill-fitting hard hat while his wife, Melinda Gates, looks on in Seattle at the groundbreaking of the University of Washington's new law school facility, William H. Gates Hall, May 4, 2001. AP Photo
  • Bill Gates and his wife Melinda, left, walk on a street in Dhaka, Bangladesh, Dec. 5, 2005. AP Photo
    Bill Gates and his wife Melinda, left, walk on a street in Dhaka, Bangladesh, Dec. 5, 2005. AP Photo
  • US Microsoft owner Bill Gates addresses a youth forum on HIV/AIDS at the University of Witwatersrand in Johannesburg, 22 September 2003, as his wife Melinda Gates and former South African President Nelson Mandela listen to him. AFP Photo
    US Microsoft owner Bill Gates addresses a youth forum on HIV/AIDS at the University of Witwatersrand in Johannesburg, 22 September 2003, as his wife Melinda Gates and former South African President Nelson Mandela listen to him. AFP Photo
  • Britain's Queen Elizabeth II presents Microsoft tycoon Bill Gates with his honorary knighthood at Buckingham Palace, London, Wednesday March 2, 2005 watched by his wife Melinda. AFP
    Britain's Queen Elizabeth II presents Microsoft tycoon Bill Gates with his honorary knighthood at Buckingham Palace, London, Wednesday March 2, 2005 watched by his wife Melinda. AFP
  • Bill Gates and his wife Melinda hold a press conference in New York 02 December to announce a 100 million USD gift to establish the Bill and Melinda Gates Children's Vaccine Program. AFP
    Bill Gates and his wife Melinda hold a press conference in New York 02 December to announce a 100 million USD gift to establish the Bill and Melinda Gates Children's Vaccine Program. AFP
  • Melinda Gates smiles at her husband Bill Gates during the opening news conference for AIDS 2006, the XVI International AIDS conference in Toronto, August 13, 2006. Reuters
    Melinda Gates smiles at her husband Bill Gates during the opening news conference for AIDS 2006, the XVI International AIDS conference in Toronto, August 13, 2006. Reuters
  • Bill Gates shares the stage with his wife Melinda during the 123rd Stanford commencement ceremony in Stanford, California. AFP
    Bill Gates shares the stage with his wife Melinda during the 123rd Stanford commencement ceremony in Stanford, California. AFP
  • Microsoft Corp co-founder Bill Gates and his wife Melinda Gates watch the swimming events at the National Aquatics Center during the Beijing 2008 Olympic Games, in Beijing, China August 10, 2008. Reuters
    Microsoft Corp co-founder Bill Gates and his wife Melinda Gates watch the swimming events at the National Aquatics Center during the Beijing 2008 Olympic Games, in Beijing, China August 10, 2008. Reuters
  • Bill and Melinda Gates attend a debate on the 2030 Sustainable Development Goals in Brussels January 22, 2015. Reuters
    Bill and Melinda Gates attend a debate on the 2030 Sustainable Development Goals in Brussels January 22, 2015. Reuters
  • Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda talk, after being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris, France, April 21, 2017. Reuters
    Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda talk, after being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris, France, April 21, 2017. Reuters
  • Bill and Melinda Gates smile at each other during an interview in Kirkland, Washington, Feb. 1, 2019. AP Photo
    Bill and Melinda Gates smile at each other during an interview in Kirkland, Washington, Feb. 1, 2019. AP Photo

Bill and Melinda Gates: five initiatives championed by their foundation


Evelyn Lau
  • English
  • Arabic

After 27 years of marriage, Bill and Melinda Gates are divorcing. The billionaire couple, who have three children together, announced the news on social media on Monday.

"After a lot of thought and a lot of work on our relationship, we have made the decision to end our marriage," the couple wrote in identical tweets on their personal Twitter accounts.

"We no longer believe we can grow together as a couple in this next phase of our lives."

Scroll through our gallery above to see more photos of Bill and Melinda Gates through the years.

Bill, who co-founded Microsoft and is one of the wealthiest people in the world, and his wife established the Bill and Melinda Gates Foundation in 2000.

The philanthropic organisation has made contribution to fighting poverty and disease around the world and had a net asset of $43.3 billion at the end of 2019, according to the last public record shown on its website.

The Bill and Melinda Gates Foundation headquarters in Seattle, Washington, US. Bloomberg
The Bill and Melinda Gates Foundation headquarters in Seattle, Washington, US. Bloomberg

Despite the split, the couple have pledged to continue their charitable work together. In the past, the Gates have supported widely praised programmes in malaria and polio eradication as well as focused on public health, climate change and education.

According to their website, since 2000, the foundation has spent more than $53.8bn through its initiatives, with the couple donating $20bn from Microsoft stock towards the organisation. Investor Warren Buffett has also donated more than $2bn of stock as part of previously-announced plans to give away his entire fortune before his death.

In 2020, the foundation partnered with UK research charity Wellcome and Mastercard to establish the Covid-19 Therapeutics Accelerator to quicken the development of new and repurposed drugs to help treat coronavirus patients, committing $1.75bn towards that goal.

After the World Health Organisation appealed for funding, the Gates Foundation also pledged an extra $150m on top of the $100m they had already donated to help the fight against the coronavirus.

Here's a look back at other five initiatives the couple have championed and aided over the years:

The Gates Cambridge Scholarship

Established in 2000 with a $210m donation from the foundation, the Gates Cambridge Scholarship exists to financially support outstanding students who are studying at the University of Cambridge, one of the most prestigious universities in the world. The scholarship is also one of the most competitive with only 0.3 per cent of applicants being awarded. Scholarships cover the cost of a postgraduate degree with more than 1,800 students from more than 110 countries being award since its creation.

The Gates Millennium Scholars Programme

The foundation has another programme that aids students in higher education. The Gates Millennium Scholars Programme was created in 1999 and is funded by a $1.6bn grant from the Bill and Melinda Gates Foundation. The goal is to help increase the number of minority students graduating university with a degree in science or other similar disciplines. Helping reduce financial barriers for people of colour, the programme has helped more than 20,000 high-achieving students.

Sound Families Initiative

Another project launched by the couple addressed family homelessness in the Puget Sound region in Washington state in the US. Between 2000 to 2008, through a $40m grant, the initiative helped provide housing for households that earned less than $16,000 a year and built more than 1,450 transition homes for families during that time period.

Supporting farmers in Africa and Asia dealing with climate change

Another venture taken on by the foundation includes a $300m pledge over three years from 2018 to 2000 to help support agricultural research that helped some of the world's poorest farmers better adapt to increasing challenges brought about by climate change, such as rising temperatures, droughts and flooding and attacks on crops from pests.

Helping aid during global disasters

The foundation made total donations of $3m to various charities to help aid effort for the victims of the 2004 Indian Ocean earthquake that was registered at a magnitude of 9.1 to 9.3, the third-largest ever recorded. It also donated $500,000 to the 2005 Kashmir earthquake that was considered one of the deadliest to hit South Asia. In 2014, it released “flexible funds” to UN agencies and organisations of $50m to fight against Ebola in West Africa.

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

AL%20BOOM
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'Shakuntala Devi'

Starring: Vidya Balan, Sanya Malhotra

Director: Anu Menon

Rating: Three out of five stars

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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

THE CARD

2pm: Maiden Dh 60,000 (Dirt) 1,400m

2.30pm: Handicap Dh 76,000 (D) 1,400m

3pm: Handicap Dh 64,000 (D) 1,200m

3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m

4pm: Maiden Dh 60,000 (D) 1,000m

4.30pm: Handicap 64,000 (D) 1,950m

UAE rugby season

FIXTURES

West Asia Premiership

Dubai Hurricanes v Dubai Knights Eagles

Dubai Tigers v Bahrain

Jebel Ali Dragons v Abu Dhabi Harlequins

UAE Division 1

Dubai Sharks v Dubai Hurricanes II

Al Ain Amblers v Dubai Knights Eagles II

Dubai Tigers II v Abu Dhabi Saracens

Jebel Ali Dragons II v Abu Dhabi Harlequins II

Sharjah Wanderers v Dubai Exiles II

 

LAST SEASON

West Asia Premiership

Winners – Bahrain

Runners-up – Dubai Exiles

UAE Premiership

Winners – Abu Dhabi Harlequins

Runners-up – Jebel Ali Dragons

Dubai Rugby Sevens

Winners – Dubai Hurricanes

Runners-up – Abu Dhabi Harlequins

UAE Conference

Winners – Dubai Tigers

Runners-up – Al Ain Amblers

Director: Jon Favreau

Starring: Donald Glover, Seth Rogen, John Oliver

Rating: 2 out of 5 stars

Honeymoonish
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

The years Ramadan fell in May

1987

1954

1921

1888