Welcome to The National's weekly newsletter Beshara, where we share the most positive stories of the week.
Fireworks at Burj Khalifa welcome 2025 in Dubai. Pawan Singh / The National
It is said the Babylonians, more than 4,000 years ago, were the first to celebrate a new year, with festivals, gifts and pledges. And while the ancient people of Mesopotamia celebrated this in the spring, known as Akitu, and still marked each year by Iraqi Assyrians, its legacy is a ritual that has spread across cultures to become a near-global event that we will ring in on Wednesday at midnight.
With it, despite the usual ticking of the clock and the normal passage of one day to the next, we will usher in a new beginning with a collective hope for renewal, a chance for positive change and a commitment to do or be better.
The feeling of promise and anticipation as we peek over the starting line of 2026 is a powerful lens for looking ahead – and as you’ll discover below, there is plenty to look forward to.
Yaqeen Kankar, a Syrian girl with spinal muscular atrophy, was given Zolgensma in Dubai this year. Itvisma is an advanced treatment using the same drug. Antonie Robertson / The National
But first, to a medical milestone that is expected to offer a lifeline to children and adults with spinal muscular atrophy (SMA).
Sheikh Khalifa Medical City Hospital in Abu Dhabi has made history by becoming the first in the world to deliver pioneering gene-therapy treatment, Itvisma. The one-dose drug works to replace the defective SMN1 gene responsible for the debilitating disease and, unlike earlier forms of treatment, it can be used on patients beyond infancy.
SMA, which is thought to affect one in 50,000 people globally, causes a broad spectrum of severity. In its most severe form, the disease can be fatal before a child’s second birthday and is the leading genetic cause of death in infants and toddlers. Milder cases may not show symptoms until much later in childhood or adulthood.
The advancement is the latest measure in a UAE-wide effort to improve the lives of patients with SMA. Clinicians expect families from around the world to travel to the Emirates to receive the life-changing treatment – a single dose that could transform thousands of lives. Read the full story here.
Quoted
'The most valuable things we give, and give to ourselves, are not always the ones that take up space. Often, they are the ones that stay with us long after the season has passed'
Tourists enter the Khufu Pyramid via the so-called Robbers' Tunnel. Photo: Getty Images
From the depths of the pyramids to the far side of the Moon, James Langton has been busy looking at events the world can expect in 2026.
In his round-up of what the coming year has in store is a record-breaking natural phenomenon, some major milestones for human endeavour and plenty more celebrations – read it here.
He has also delved into the happenings on the UAE horizon – from the much-anticipated national passenger rail network to new laws aimed at improving health or helping the environment. You can read that round-up here.
Faisal Al Zaabi has scoured the listings and new releases for you to create this bumper list of 30 films to look forward to in the next 12 months.
If you’re looking for inspiration for those resolutions – whether it be more challenges or travel – this collective effort from across our newsroom has plenty to inspire: our top 16 destinations for 2026. And for those who want challenges and travel, take inspiration from our intrepid reporter and runner, Lizzie Porter, who has shared her round-up of marathons she has completed across the Middle East.
Snapshot
A traditional dance during a mass wedding reception at Qasr Al Hosn, Abu Dhabi. Photo: UAE Presidential Court
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016
Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
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
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood. Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues. Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity. Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
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.
