Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, praised Egypt's loyal authentic leadership as he arrived in Cairo on Thursday to mark 50 years of ties.
“[Egypt] has been with us since the beginning of our state … Egypt was and will remain the bond, the treasure and the brother that we cannot do without,” he said in a tweet.
Sheikh Mohammed said Egypt was one of the first nations to express its support for the establishment of the UAE.
“I convey the greetings of the people of the UAE to Egypt, which the founder of the UAE called the heart of the Arab world. Without Egypt, the Arabs have no life,” he said. “The stability of our region and the development and well-being of the Arab world are deeply connected to that of Egypt. Egypt’s stability is vital to the prosperity of the region.”
It comes after Sheikh Mohammed shared a video of the UAE's history with Egypt and described the north African nation as having “one heart” with the Emirates.
He said the two countries now “celebrate the beginning of 50 new years, under the leadership of my brother President Abdel Fattah El Sisi and my brother Mohamed bin Zayed, President of the State, may God protect him. Egypt and the UAE are one heart.”
Sheikh Mohammed met Mr El Sisi at Al Ittihadiya Presidential Palace. During the meeting, Sheikh Mohammed extended an invitation for Egypt to be the guest of honour at the next World Government Summit in Dubai, in February.
Other dignitaries attending the meeting included Dr Anwar Gargash, Diplomatic Adviser to the UAE President; Mohammad Al Gergawi, Minister of Cabinet Affairs; Noura Al Kaabi, Minister of Culture and Youth; Abdullah bin Touq, Minister of Economy; Dr Maitha Al Shamsi, Minister of State; Khalifa Al Marar, Minister of State; Khalifa Sulaiman, Chairman of Protocols for the Vice President and Prime Minister of the UAE; Mohammed Al Murr, Chairman of the Board of Trustees of the Mohammed bin Rashid Al Maktoum Library; and Mariam Al Kaabi, UAE Ambassador to the Arab Republic of Egypt.
Dr Anwar Gargash said in Cairo that the UAE has long held the belief that Egypt is a “central figure” for regional stability.
“The UAE has a conviction that there is a need for countries with a moderate disposition and close vision to build an Arab narrative that is based on the best interests of their people to achieve stability and a prosperous future,” he said on the second of a three-day event.
“We have a conviction that Egypt is a central figure in this unity and the centrepiece that we can rely on.”
Dr Gargash told the audience of ministers, diplomats and key figures in both governments about a saying by UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan: “Egypt is the heart of Arabs.”
The senior official said the united Arab position is important during a time of regional challenges in economic development, food security, health, terrorism and extremism.
“We are completely committed to the relationship between the UAE and Egypt, which has always allowed the two countries to rely on each other during geopolitical changes,” he said.
“What makes this relationship special is its continuity and positivity — and it has remained stable since the time of Sheikh Zayed and Anwar Al Sadat.”
On Thursday, the UAE welcomed an agreement between Egypt and the IMF for a $3 billion loan from the Washington-based lender.
The UAE's Ministry of Foreign Affairs and International Co-operation affirmed its support for Egypt's efforts “to implement the necessary economic and structural reforms to ensure the preservation of strong, balanced and sustainable growth” to ensure its economic and financial stability and promote investment, growth and prosperity.
Ties have become stronger under Egypt's Mr El Sisi and Sheikh Mohamed, said Dr Gargash.
“The united vision by the UAE and Egypt has particularly helped stand up against extremism,” he said.
Dr Gargash said the relationship between the two nations has helped guide many of the directions and outlooks of neighbouring Arab states.
He said Egypt and the UAE's bilateral ties show that they are able to “rely on one another”.
The official also praised Egypt's work on “humanitarian issues” such as the environment, reflected in its role as host of the climate conference Cop27 in November.
On Wednesday, US special presidential envoy for climate John Kerry said the UAE and Egypt had shown “bold leadership” in their work to hasten the energy transformation.
“They're deeply engaged on the cutting edge of trying to help accelerate the transformation,” Mr Kerry said in a briefing.
“In addition, the UAE has been on the cutting edge of a whole bunch of technology investments. And for a gas and oil-producing country, I think it's exceptional.
“I think that's bold leadership.”
The five pillars of Islam
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
More coverage from the Future Forum
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
GOODBYE%20JULIA
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Results
5.30pm Maiden (TB) Dh82,500 (Turf) 1,400m
Winner Spirit Of Light, Clement Lecoeuvre (jockey), Erwan Charpy (trainer)
6.05pm Maiden (TB) Dh82,500 (Dirt) 1,900m
Winner Bright Start, Pat Cosgrave, Saeed bin Suroor
6.40pm Handicap (TB) Dh92,500 (D) 2,000m
Winner Twelfthofneverland, Nathan Crosse, Satish Seemar
7.15pm Handicap (TB) Dh85,000 (T) 1,600m
Winner Imperial Empire, Tadhg O’Shea, Satish Seemar
7.50pm Handicap (TB) Dh92,500 (T) 2,000m
Winner Record Man, Tadhg O’Shea, Satish Seemar
8.25pm Handicap (TB) Dh92,500 (D) 1,600m
Winner Celtic Prince, Fabrice Veron, Rashed Bouresly
If you go...
Etihad flies daily from Abu Dhabi to Zurich, with fares starting from Dh2,807 return. Frequent high speed trains between Zurich and Vienna make stops at St. Anton.
THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
Results
2.15pm: Maiden (PA) Dh40,000 1,200m
Winner: Maqam, Fabrice Veron (jockey), Eric Lemartinel (trainer).
2.45pm: Maiden (PA) Dh40,000 1,200m
Winner: Mamia Al Reef, Szczepan Mazur, Ibrahim Al Hadhrami.
3.15pm: Handicap (PA) Dh40,000 2,000m
Winner: Jaahiz, Fabrice Veron, Eric Lemartinel.
3.45pm: Handicap (PA) Dh40,000 1,000m
Winner: Qanoon, Szczepan Mazur, Irfan Ellahi.
4.15pm: Sheikh Hamdan bin Rashid Cup Handicap (TB) Dh200,000 1,700m.
Winner: Philosopher, Tadhg O’Shea, Salem bin Ghadayer.
54.45pm: Handicap (PA) Dh40,000 1,700m
Winner: Jap Al Yassoob, Fernando Jara, Irfan Ellahi.
Full Party in the Park line-up
2pm – Andreah
3pm – Supernovas
4.30pm – The Boxtones
5.30pm – Lighthouse Family
7pm – Step On DJs
8pm – Richard Ashcroft
9.30pm – Chris Wright
10pm – Fatboy Slim
11pm – Hollaphonic
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Global state-owned investor ranking by size
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Canada
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The biog
Profession: Senior sports presenter and producer
Marital status: Single
Favourite book: Al Nabi by Jibran Khalil Jibran
Favourite food: Italian and Lebanese food
Favourite football player: Cristiano Ronaldo
Languages: Arabic, French, English, Portuguese and some Spanish
Website: www.liliane-tannoury.com
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
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COMPANY%20PROFILE%20
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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
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
THE SPECS
Touareg Highline
Engine: 3.0-litre, V6
Transmission: 8-speed automatic
Power: 340hp
Torque: 450Nm
Price: Dh239,312
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Company%20profile
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Keane on …
Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”
Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”
Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”