Iraq's Prime Minister, Mustafa Al Kadhimi, on Sunday said his visit to the UAE was part of his government's approach to strengthen the country's ties with the Arab region.
Mr Al Kadhimi was received in Abu Dhabi by Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
"As part of my government's approach to enhance Iraq’s regional and international relations, I am today in the UAE with an official delegation," he said on Twitter.
Sheikh Mohamed hosted an official reception ceremony for Mr Al Kadhimi at Qasr Al Watan, which included a 21-gun salute, honour guard and the national anthems of the UAE and Iraq.
This was his first official trip to the UAE since he assumed office last May.
Sheikh Mohamed said it was "a pleasure to welcome our brother Mustafa Al Kadhimi ... to the UAE."
"The UAE remains committed to supporting stability and progress for Iraq and its people," he said.
The officials discussed regional and global developments, as well as ways to strengthen their "fraternal relations".
Mr Al Kadhimi's office said the two leaders discussed ways to strengthen co-operation in the energy, investment, culture, trade and transport sectors.
"They also discussed ways to advance relations between Iraq and the UAE that serves the public's interest," it said.
Later in the day, the Iraqi officials met Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at Zabeel Palace in Dubai.
"Today I received my brother Mustafa Al Kadhimi. We discussed and talked about building stronger relations between the two countries," Sheikh Mohammed said.
"Iraq is a country that is not like other countries. It is the dawn of human civilisation. In the beginning was Iraq, then civilisation. And it will return, God willing."
The leaders discussed ways of enhancing fraternal relations between Iraq and the UAE.
The meeting was attended by Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, the Dubai Media Office said.
Before the delegation's arrival to the UAE, Iraq Airways said it planned to start direct flights to Abu Dhabi from May 1.
Mr Al Kadhimi is leading a campaign to boost trade and economic co-operation with regional heavyweights to revive the Iraqi economy.
During a visit to Saudi Arabia last week, the two nations announced a $3 billion joint investment fund to boost the private sector.
Baghdad needs the support of Gulf states to revive its economy, which has been battered by years of conflict and war.
Mr Al Kadhimi is leading his country to early parliamentary elections in October, one of the demands of a youth-led protest movement that began in late 2019.
The demonstrations were sparked by high unemployment and a lack of public services, with protesters also calling for an end to corruption and foreign influence over Iraqi affairs.
Iraq is the second biggest oil producer in Opec after Saudi Arabia, but relies heavily on Iranian gas imports needed for electricity amid frequent power cuts.
Iraq and the Gulf have connected power lines as Baghdad seeks other sources of power.
The UAE-based energy firm Crescent Petroleum has invested more than $3bn in Iraq and has a 20-year gas sales deal with the Kurdistan Regional Government in Iraq.
In 2008, the UAE cancelled almost $7bn of debt, including interest and arrears payments, owed by Baghdad, becoming the first Gulf Arab country to forgive all of Iraq’s debt.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
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How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
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 Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright
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Background: Chemical Weapons
Crops that could be introduced to the UAE
1: Quinoa
2. Bathua
3. Amaranth
4. Pearl and finger millet
5. Sorghum
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
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 biog
Hometown: Cairo
Age: 37
Favourite TV series: The Handmaid’s Tale, Black Mirror
Favourite anime series: Death Note, One Piece and Hellsing
Favourite book: Designing Brand Identity, Fifth Edition
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
MATCH INFO
Watford 1 (Deulofeu 80' p)
Chelsea 2 (Abraham 5', Pulisic 55')
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
INFO
What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Game Of Thrones Season Seven: A Bluffers Guide
Want to sound on message about the biggest show on television without actually watching it? Best not to get locked into the labyrinthine tales of revenge and royalty: as Isaac Hempstead Wright put it, all you really need to know from now on is that there’s going to be a huge fight between humans and the armies of undead White Walkers.
The season ended with a dragon captured by the Night King blowing apart the huge wall of ice that separates the human world from its less appealing counterpart. Not that some of the humans in Westeros have been particularly appealing, either.
Anyway, the White Walkers are now free to cause any kind of havoc they wish, and as Liam Cunningham told us: “Westeros may be zombie land after the Night King has finished.” If the various human factions don’t put aside their differences in season 8, we could be looking at The Walking Dead: The Medieval Years.
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
