Being outdoors has scores of benefits for our physical and mental health, both for adults and children. One of the capital’s most-loved green spaces, Umm Al Emarat Park — which turns 40 this year — is celebrating the winter months with a flurry of activity, from family-friendly events to fitness-focused sessions.
The Park Market, which launched last Friday, is ongoing until March 18, from 4pm to 11pm, and promises a fun-filled evening for all age groups.
Those with children can make a beeline for the ever-popular petting zoo, where the little ones can interact with rabbits, ponies, pygmy goats, llamas, emus and camels. The pets can only be fed park-approved food, so this is also a good teaching opportunity to develop empathy among little ones for our animal friends.
Elsewhere, children can enjoy the open-air cinema on a grassy stretch, complete with popcorn. Cinema in the Park will screen child-friendly films every Friday and Saturday at 6.30pm and 8.30pm.
Other activities include bubble and slime stations, kite flying, arts and crafts counters, storytelling sessions, magic and clown shows, live performances and roaming entertainers.
Fitness fiends can make the most of the park’s dedicated walking trails and jogging tracks, while those looking to further their meditation skills can sign up for sessions conducted by Inner Space. These free-to-attend classes will take place in the Evening Garden at 6.30pm every Thursday until December 29 (except on December 1).
The sessions are alternately conducted in Arabic and English, with the next one, on Thursday, taking place in Arabic. Slots are limited to 15 people and pre-booking is required.
Those who simply fancy wandering about can browse the wares offered by local retailers.
Sustainability is on the agenda at Umm Al Emarat Park, which prioritises handmade produce by home-grown vendors. On offer are flea-market-style accessory stalls selling resin art candles, abayas, crocheted items, silverware, customised hats and bags, skincare products, perfumes and faux but fashionable antiques. The park will also host a rotating gallery of artists.
Rasha Kablawi, head of Umm Al Emarat Park’s corporate affairs and communication department, says: “We are looking forward to embracing the community around us to create a collaborative atmosphere to support local SMEs, empower women and build bonds between people … with plenty of entertainment for all the family.”
Pre-book the Inner Space sessions via WhatsApp on 050 795 2519. For more information, visit www.ummalemaratpark.ae
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
RACECARD
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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
Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Director: Laxman Utekar
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