Prince William, who has finally made his first official trip to the UAE this week, was only seven years old when his parents Prince Charles and Princess Diana visited the country for the first time in 1989.
Live updates: follow the latest news on Prince William's visit to the UAE
The six-day trip, which also included a visit to Kuwait, was intended as a boost to British trade, and Charles and Diana were given the ultimate Emirati hospitality in Abu Dhabi and Dubai.
Princess Diana, who was 25 at the time, also made news for her fashion choices during the visit, including the high-waisted blue skirt and white jacket with contrasting blue lapels by designer Catherine Walker that she wore as she stepped off the plane in Dubai. The look, which was paired with a turban hat, immediately became a fashion sensation.
Charles and Diana also met Sheikh Zayed, the Founding Father, at his private majlis in Al Ain where, speaking through his translator, he revealed his plans for Sir Bani Yas Island as a wildlife reserve. The couple were also treated to a camel race and a picnic at Ghabat Raqnah Oasis.
The royals also attended an official reception at the British Embassy in Abu Dhabi. In Dubai, they met Sheikh Mohammed bin Rashid, then Minister of Defence, at another British Embassy reception.
Watch a video of Prince Charles and Diana's UAE visit in 1989 below:
In 1999, Prince Charles returned to the UAE, this time on a solo trip. His seven-day tour of the Gulf also included visits to Oman and Saudi Arabia.
In Dubai, Charles attended the Dubai Airshow, and toured the annual aviation exhibition, which included some 30 British exhibitors. The royal so hopped into the cockpit of a prototype Eurofighter tycoon, made by a British-led consortium.
Charles again returned to the UAE in 2014, and was received in the capital by Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
Prince Charles’s visit, which was supported by the British government, also involved a trip to Manama where he met the Crown Prince of Bahrain, Sheikh Salman bin Hamad Al Khalifa, before holding talks with King Hamad. The British royal also visited Saudi Arabia and Qatar that week.
“The visit of the Prince of Wales symbolises the long-standing friendship between our royal families and demonstrates partnership at the very highest level," Dominic Jermey, then British ambassador to the UAE, said. “These personal ties act as a bedrock in the UK-UAE relationship and allow us to collaborate with confidence on the many issues our people are passionate about, not least critical issues in the region and around the world.”
Charles returned to Abu Dhabi in 2015, for a flying visit, and again met Sheikh Mohamed bin Zayed. The trip also included stops in Jordan, Kuwait, Saudi Arabia and Qatar.
Prince Charles' last visit to the UAE was in 2016, this time accompanied by Camilla, Duchess of Cornwall, whom he married in 2005. The three-day visit in November was part of a regional tour that started in Oman and ended in Bahrain.
Upon their arrival in Abu Dhabi, the royal couple were taken on a tour of the Sheikh Zayed Grand Mosque, where they were accompanied by Sheikha Lubna Al Qasimi, then Minister of State for Tolerance.
After a brief tour of the mosque, Charles and Camilla viewed a photography exhibition and other works presented by a cultural guide. The royal couple then visited the mosque’s main hall to learn about the building’s architecture, design and carpet.
A quick walk around the courtyard to learn more about the distinctive floral design as the call to prayer echoed around the grand setting was followed by a reception to meet guests from different faiths and nationalities.
During the tour, the royals also visited the Bu Tinah archipelago, a sanctuary for endangered species such as the dugong and hawksbill turtle, and a UN-recognised heritage site located about 150 kilometers from Abu Dhabi. They also attended a celebration at Jahili Fort in Al Ain and a Youth Circle event in Masdar City.
The Duchess of Cornwall made time to visit the Abu Dhabi Falcon Hospital, where she was informed about the importance of falconry in Arab culture and watched staff operate on one of the birds.
That same day, she met a group of prominent UAE women at a Women’s Empowerment Lunch, where she was greeted by Noura Al Kaabi, then Minister of State for Federal National Council Affairs.
The duchess met senior government officials, business leaders and Armed Forces officers during the event.
“We were delighted to have had the opportunity to demonstrate to the duchess the way in which UAE women are engaged not only in the building of those ties, but also how Emirati women are engaged in the UAE’s development in all fields,” Al Kaabi said.
In a day with a full appointment book, Camilla also unveiled a plaque to formally inaugurate a branch of the Imperial College London Diabetes Centre in Zayed Sports City.
Prince Charles visited the Masdar Institute of Science and Technology in Abu Dhabi where he was given a guided tour of the facility before meeting students.
In Dubai, the couple visited the logistics hub Dubai International Humanitarian City on the final day of their state visit to the UAE.
The prince met aid workers and viewed innovative projects delivering emergency support to where it is needed most. In a speech, he said the UAE was well placed to become the world’s foremost humanitarian logistical power.
“The UAE is second to none in its generosity. This is one facet of Sheikh Zayed’s remarkable legacy."
In the afternoon, Prince Charles met Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, at Zabeel Palace. They discussed the promotion of cultural, tourism and sports ties between their two countries.
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
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
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The biog
Favourite Quote: “Real victories are those that protect human life, not those that result from its destruction emerge from its ashes,” by The late king Hussain of Jordan.
Favourite Hobby: Writing and cooking
Favourite Book: The Prophet by Gibran Khalil Gibran
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
THREE POSSIBLE REPLACEMENTS
Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.
Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.
Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.
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
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now