The world expected our differences to define us. One of us is a Jew, the other a Muslim. One of us is Israeli, the other Arab. Not only have these characteristics shaped us as human beings, they have also presented an enduring question: Does the past determine the future, or is our fate in our own hands?
This week, with the first-ever official visit by an Israeli minister to the UAE and the opening of an Israeli embassy and consulate in the country, we have an opportunity to reflect on the answer.
Fundamentally, the UAE and Israel decided to do things differently with the signing of the historic Abraham Accords in 2020. With the establishment of diplomatic relations between the UAE and Israel, our two countries set out to determine a new paradigm for our region: one defined by the joint pursuit of peace, stability, security, prosperity and co-existence for our peoples. Our determination to realise the Accords stems from our recognition that we share many of the same objectives, particularly in our commitment to fostering a better future for generations to come. If we have the opportunity to create a world of peace for them, we must not let this chance pass us by.
Certainly, the challenges that lie before us are significant. The peace that our countries have chosen comes against the backdrop of outbreaks of violence and extremism in the region, where serious economic interests and complex diplomatic dynamics exist. Our approach, which prioritises open exchange and people-to-people engagement, will need to overcome forces that will try to undermine it. However, we are convinced of the power of bold decision-making that places the welfare of our peoples first, and we hope to continue to inspire others in the region to choose the path towards peace.
The benefits of forging an enduring peace are clear. Since the establishment of relations between the UAE and Israel, economic growth, cultural exchange and political co-operation between our countries have flourished.
We have witnessed high-level trade delegations exploring promising opportunities for trade and investment, including in the healthcare, aviation, agriculture, education, telecommunications, energy, technology and tourism sectors.
We have seen our countries closely collaborate on vaccine research and development as the UAE and Israel have become world leaders in combatting the Covid-19 pandemic. Now ranking among the top countries with the highest rates of vaccine administration, the UAE and Israel are committed to sharing knowledge and expertise with other countries in efforts to strengthen international co-operation in the fight against Covid-19.
Moreover, our two countries are keen to share resources with each other in fields such as digital transformation, smart cities, cybersecurity and artificial intelligence. Young people will benefit from the growth of these industries, which will enhance social wellbeing, increase economic competitiveness, and ensure that our countries are prepared for the future.
As part of the Accords, the UAE, US and Israel also announced the Abraham Fund. Through this fund, the US International Development Finance Corporation, the UAE, and Israel will mobilise more than $3 billion in private sector-led investment and development initiatives to promote regional economic co-operation and prosperity in the Middle East and beyond. In turn, the initiative will generate unprecedented opportunity for the region’s peoples.
Now, two of the world’s most dynamic and advanced societies have begun to create a linked and powerful engine of progress and opportunity, not just for the UAE and Israel but also for the entire region.
This vision is one we share and cherish. The peoples of the UAE and Israel seek to live in a world where peace abounds. In order to achieve this vision, we must work hard to create opportunities for engagement and encourage others to join these efforts. This pursuit can only be bolstered by multilateral co-operation among countries similarly invested in opting for collaboration over confrontation.
While the Abraham Accords were the first of their kind in our region, they represent a future that we believe must become more commonplace: one in which differences are set aside in favour of dialogue. As momentum grows, we are reminded that sometimes the most impactful decisions are those believed to be difficult, if not impossible.
We both want to live in a world where peace is possible. We need to work hard with our peoples and with each other. In order to achieve lasting and sustainable solutions to the issues that our region faces, we will continue to champion the spirit of peace in all efforts to shape a better world for our children. Peace isn't an agreement you sign – it's a way of life. The ceremonies we held this week aren't the end of the road. They are just the beginning.
In doing so – in deciding differently – we choose peace.
Yair Lapid is the Foreign Minister of Israel
Sheikh Abdullah bin Zayed Al Nahyan is the UAE Minister of Foreign Affairs and International Co-operation
UAE currency: the story behind the money in your pockets
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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
ICC T20 Rankings
1. India - 270 ranking points
2. England - 265 points
3. Pakistan - 261 points
4. South Africa - 253 points
5. Australia - 251 points
6. New Zealand - 250 points
7. West Indies - 240 points
8. Bangladesh - 233 points
9. Sri Lanka - 230 points
10. Afghanistan - 226 points
Key facilities
Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
Premier League-standard football pitch
400m Olympic running track
NBA-spec basketball court with auditorium
600-seat auditorium
Spaces for historical and cultural exploration
An elevated football field that doubles as a helipad
Specialist robotics and science laboratories
AR and VR-enabled learning centres
Disruption Lab and Research Centre for developing entrepreneurial skills
10 tips for entry-level job seekers
Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
