Amerigo Vespucci: 'World's most beautiful ship' makes waves in Abu Dhabi


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A historic Italian navy ship was given a grand welcome in Abu Dhabi after making its first stop in the UAE as part of a three-year voyage around the world.

The 93-year-old Amerigo Vespucci made a splash as it docked at Abu Dhabi Cruise Terminal at Mina Zayed on Friday for the start of a five-day visit.

Members of the public are invited on board the three-mast sailing vessel, which serves as the training ship of the Italian navy. Free tours of the ship are being held from 3pm until 7pm on Saturday and Sunday, from 10am until noon and 3pm to 7pm on Monday and from 10am until noon on Tuesday.

A military band and a fleet of naval officers lined up to mark the arrival of the tall ship, which embarked on a world tour in 2023 which will conclude next year after taking in 30 ports in 28 countries spanning five continents.

Maria Tripodi, Italy's undersecretary of state for foreign affairs, was among the guests. In a message on social media, she said it was a “great honour to welcome the most beautiful ship of the world”, which she hailed as “the emblem of our navy and for 93 years an extraordinary ambassador of excellence”.

Rich seafaring history

The Amerigo Vespucci is the oldest active military vessel in the Italian navy. It was launched on February 22, 1931 and commissioned as a training ship in June of that year. At its bow, a gilded bronze figurehead depicts the 15th-century Italian explorer and navigator after whom the ship is named.

It has served as a Unicef Goodwill Ambassador since 2007 and has earned the reputation of being a floating Italian embassy because of its diplomatic missions around the world, including a focus on promoting the preservation of marine ecosystems.

  • The Amerigo Vespucci, an Italian navy ship, docked at Abu Dhabi Cruise Terminal 2 in Zayed Port in Abu Dhabi. All photos: Pawan Singh / The National
    The Amerigo Vespucci, an Italian navy ship, docked at Abu Dhabi Cruise Terminal 2 in Zayed Port in Abu Dhabi. All photos: Pawan Singh / The National
  • The historic ship was given a grand welcome in Abu Dhabi after making its first stop in the UAE
    The historic ship was given a grand welcome in Abu Dhabi after making its first stop in the UAE
  • It is on a three-year voyage around the world
    It is on a three-year voyage around the world
  • The captain’s room. The 93-year-old ship docked at Abu Dhabi Cruise Terminal at Mina Zayed on Friday
    The captain’s room. The 93-year-old ship docked at Abu Dhabi Cruise Terminal at Mina Zayed on Friday
  • It will be in the UAE for a five-day visit
    It will be in the UAE for a five-day visit
  • Members of the public can visit the three-mast sailing vessel, which serves as the training ship of the Italian navy
    Members of the public can visit the three-mast sailing vessel, which serves as the training ship of the Italian navy
  • Free tours of the ship will be held until noon on Tuesday
    Free tours of the ship will be held until noon on Tuesday
  • A military band and a fleet of naval officers lined up to mark the arrival of the ship
    A military band and a fleet of naval officers lined up to mark the arrival of the ship
  • The ship's motto means 'not the one who begins but the one who perseveres'
    The ship's motto means 'not the one who begins but the one who perseveres'

It has won a reputation for being the most beautiful ship in the world over the years. It was a title said to have been bestowed on the vessel by the American aircraft carrier USS Independence during an encounter in the Mediterranean Sea in 1962.

Such is Italy's adoration for the ship, it carried the Olympic torch for part of its journey for the Summer Olympics in Rome in 1960.

The training ship has a crew of about 400, including about 264 military personnel and more than 100 cadets and other support staff.

The vessel's trip around the world has taken in major cities such as Tokyo, Los Angeles and Mumbai, as well as the city-state of Singapore. It arrived in Abu Dhabi following a visit to Doha and will soon make its way to Jeddah in Saudi Arabia.

During her stay in Abu Dhabi, visitors will be able to explore the ship and interact with crew members. Entry is free, but booking of slots is essential on tourvespucci.it.

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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  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
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Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes. 
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com

Updated: December 31, 2024, 4:40 AM