Back in 2013, I was at a big party in Abu Dhabi on the day that it was announced that Expo 2020 Dubai would be held here. The results of the voting were shown on a large screen to rapturous applause. Now, finally, after the delay imposed by Covid-19, the day of opening is nearly upon us. I find that I am rather looking forward to its launch next month. I am, to be honest, slightly nervous about the large crowds. Although, having just recovered from a bout of Covid-19, I am trying to reassure myself that I am stocked with antibodies. With or without a multitude of others, I am rather keen to see what is going to be on display.
I am curious, of course, about some of the national pavilions – not just those of the UAE, but of other countries too. The Netherlands, I suspect, may be of interest, considering that country’s remarkable achievements in agriculture. There will be many others, too. And, given my concerns about the environment, I am intrigued to see the "Sustainability Showcase" themed pavilion with its topics of climate change, solar energy and a smart use of water. All to be revealed in due course, and I hope to learn a lot.
We can expect a whole range of ideas about what may lie ahead. The Expo 2020 Dubai slogan, "connecting minds, creating the future", certainly suggests new ways of thinking, new forms of behaviour that might tackle challenges that have yet to be imagined.
It will take more than one visit to grasp what is on display. I may find myself driving from Abu Dhabi to Dubai to the Expo site on several occasions. That is as it should be at such events. One visit is never enough to suffice and get a complete picture of the ideas presented.
I am convinced that Expo 2020 Dubai is going to be a stunning event
It will be the younger visitors to Expo 2020 Dubai who have the best chance of really grasping the world of the future on display and of identifying opportunities that may be in store for them. After all, as every teacher, parent or grandparent knows, the young are often the quickest to adopt new ways of doing things while their elders struggle along behind. The rest of us will just have to learn to adapt and to try to keep up. That is not necessarily an easy thing to do. There’s often a definite, albeit unstated, unwillingness to abandon the old ways and to learn new ones. Years ago, I had to coax some of my older staff to accept the fact that the introduction of new technology meant that they had to learn new tricks. The ways that they knew and had practiced for years had become redundant. Their old skills were no longer needed. If they didn’t learn new ones, unemployment beckoned. Most of them learnt, but many found it hard.
I hope Expo 2020 Dubai will also help us comprehend something about the challenges that are posed by that process of change. I am curious about that. I don’t expect to understand it all. And yet, while that thirst for new ways of doing things is going to be a a part of life for the younger generation, I hope that tried and tested ways of doing things are not cast aside. Some forms of knowledge can remain relevant, even when they’re rarely used.
When I set out on a journey into unfamiliar terrain, for example, I find it helpful to use a GPS on my car. Once cars guided by artificial intelligence, rather than by drivers, are introduced, I will be able to sit back and be driven without giving a thought to the journey. But if the innovations don’t work, the knowledge of how actually to read a map, the ability to use my own brain instead of just pressing a button, will still come in handy. I certainly don’t want to rely on a vehicle guidance system that can’t tell the difference between a highway and a narrow road that peters out into a track across the desert, as happened to me last weekend.
I am convinced that Expo 2020 Dubai is going to be a stunning event. I am sure my imagination and that of other millions of visitors will be stimulated. As we reach for the future, though, it may be worth giving a thought to what we may be leaving behind. Will the arrival of 3D printing of buildings mean that the old skills of carpenters and stone masons fade away? Can a farmer’s knowledge of the natural world around him, learnt since childhood, ever be replaced by access to information provided by modern technology? Supplemented, perhaps, but replaced?
Here in the Emirates, in particular, we should always keep in mind the wise words of the Founding Father, Sheikh Zayed, who said that a knowledge of our past was essential to being able to understand and prepare for the future.
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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
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Killing of Qassem Suleimani
Killing of Qassem Suleimani
Profile of Tarabut Gateway
Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
MATCH RESULT
Al Jazira 3 Persepolis 2
Jazira: Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')
French Touch
Carla Bruni
(Verve)
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
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
FIGHT CARD
1. Featherweight 66kg
Ben Lucas (AUS) v Ibrahim Kendil (EGY)
2. Lightweight 70kg
Mohammed Kareem Aljnan (SYR) v Alphonse Besala (CMR)
3. Welterweight 77kg
Marcos Costa (BRA) v Abdelhakim Wahid (MAR)
4. Lightweight 70kg
Omar Ramadan (EGY) v Abdimitalipov Atabek (KGZ)
5. Featherweight 66kg
Ahmed Al Darmaki (UAE) v Kagimu Kigga (UGA)
6. Catchweight 85kg
Ibrahim El Sawi (EGY) v Iuri Fraga (BRA)
7. Featherweight 66kg
Yousef Al Husani (UAE) v Mohamed Allam (EGY)
8. Catchweight 73kg
Mostafa Radi (PAL) v Abdipatta Abdizhali (KGZ)
9. Featherweight 66kg
Jaures Dea (CMR) v Andre Pinheiro (BRA)
10. Catchweight 90kg
Tarek Suleiman (SYR) v Juscelino Ferreira (BRA)
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Zombieland: Double Tap
Director: Ruben Fleischer
Stars: Woody Harrelson, Jesse Eisenberg, Emma Stone
Four out of five stars
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
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THE BIO: Mohammed Ashiq Ali
Proudest achievement: “I came to a new country and started this shop”
Favourite TV programme: the news
Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”
Family: six sons in Dubai and a daughter in Faisalabad
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh359,000
On sale: now