President Sheikh Mohamed will meet Joko Widodo, President of Indonesia, on his official visit to the UAE this week. Photos: AFP / UAE Presidential Court
President Sheikh Mohamed will meet Joko Widodo, President of Indonesia, on his official visit to the UAE this week. Photos: AFP / UAE Presidential Court
President Sheikh Mohamed will meet Joko Widodo, President of Indonesia, on his official visit to the UAE this week. Photos: AFP / UAE Presidential Court
President Sheikh Mohamed will meet Joko Widodo, President of Indonesia, on his official visit to the UAE this week. Photos: AFP / UAE Presidential Court

Indonesian President Joko Widodo to begin UAE visit on Tuesday


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Indonesian President Joko Widodo will on Tuesday begin a two-day state visit to the UAE, in which he will hold high-level talks with President Sheikh Mohamed.

The two leaders will review efforts to bolster strategic ties between the friendly nations across a number of key sectors, state news agency Wam reported.

Discussions will centre on the Comprehensive Economic Partnership Agreement (Cepa) signed between the countries in July 2022, which is crucial to joint efforts to advance sustainable development.

Sheikh Mohamed said at the time the agreement would herald "a new era of increased trade, investment and economic co-operation".

The head of state said it would serve to build on the long-standing links between the countries.

The pact came into force in August 2023.

The UAE-Indonesia Cepa is projected to boost the value of bilateral non-oil trade from $4.08 billion to more than $10 billion within five years of implementation.

The agreement also seeks to raise the combined value of trade in services between the two nations to $630 million by 2030. More than 80 per cent of UAE exports to Indonesia will now be exempt from customs duties.

Mr Widodo is to step down this year at the end of his second and final term as president.

Green vision

The UAE and Indonesia are also united in the fight to safeguard the planet.

In May it was announced work had begun on a new mangrove research centre in Indonesia, in collaboration with the UAE.

Backed by the UAE's $10 million investment, the Mohamed bin Zayed-Joko Widodo International Mangrove Research Centre will be built on 2.5 hectares of land in Bali's Ngurah Rai Forest Park.

The park is already home to more than 1,158ha of mangroves and the research centre was first announced at last year's Cop28 climate change conference in Dubai.

"The project reflects the UAE’s commitment to protect critical ecosystems, such as mangroves, and is in line with [the country's] climate-mitigation efforts," said Suhail Al Mazrouei, Minister of Energy and Infrastructure, who attended a ground-breaking event at the project.

"The centre will be an ideal platform for scientists and researchers to join forces and exchange knowledge to improve our ability to counter current and future environmental challenges.

Shared values

The UAE and Indonesia's friendship runs deep, with both countries home to their own Sheikh Zayed Grand Mosque.

Sheikh Zayed Grand Mosque in Solo on the Indonesian island of Java, named in tribute to the UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, was opened by President Sheikh Mohamed and his Indonesian counterpart Joko Widodo in November 2022.

Though smaller than the Abu Dhabi original, it bears a remarkable resemblance to the architectural marvel with its striking white and gold decor, four minarets and a central dome surrounded by four smaller ones.

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

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

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The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

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