At 50 years of age, the UAE is a young country with several global achievements, which can be credited to strategic leadership and a strong commitment to socio-economic development. As the UAE looks forward to the next 50 years of growth and development, a core priority on the national agenda is building human capital.
The UAE’s ambition is to be among the top three countries globally in talent attraction, as well as in terms of the availability of highly skilled employees, goals that can be achieved through both disruptive thinking and a raft of regulatory measures.
The UAE Strategy for Talent Attraction and Retention, a recent revision of labour laws, the shift to a Saturday-Sunday weekend, new visa rules and some of the world’s most generous parental leave policies are among the measures and schemes that are being implemented to attract top talent to the country.
Equally, fostering national talent is a priority. Recognising the crucial role that UAE citizens play in building a resilient, fast-growing economy, the government has intensified Emiratisation efforts in tandem with the above initiatives. In fact, Emiratisation will be critical to achieving the UAE’s ambition to be the foremost destination for living, working and investing.
A strategy for nurturing and growing national talent is expected to fuel fresh, indigenous points of view and interests, with more inclusive growth for organisations and society at large. It will help achieve a gender-diverse workforce, as more Emirati women participate and rise in seniority. And a diversity of ethnicities, experiences and ideas ultimately contributes to building great organisations.
The UAE’s future-focussed strategy to build human resources is underpinned by a robust Emiratisation programme. These include consistent, high-impact government initiatives and a general target of 10 per cent Emiratisation in the private sector by 2025 in skilled and knowledge-based roles (with the current requirement being 2 per cent for commercial organisations).
“Nafis”, launched in September 2021, is an initiative driving Emiratisation in the private sector. Part of the UAE’s "Projects of the 50”, it has an ambitious target of creating 75,000 jobs in the private sector by 2025. Nafis seeks to support Emirati nationals entering the workplace or developing their career more generally, and even enables organisations to facilitate employment opportunities and increase the number of UAE nationals employed.
On the back of such initiatives, several leading local private sector companies have enhanced local hiring processes at entry and senior management levels, and created Emirati training programs for capacity building. For instance, Dubai Islamic Bank reported an increase in Emirati employee appointment at branch managerial level to 100 per cent. Leading retail conglomerate Majid Al Futtaim will be recruiting 3,000 Emirati employees over the next five years to support the Nafis initiative. UAE nationals take up 42 per cent of company roles at the state-owned Emirates Global Aluminium.
Emiratisation schemes arising from public-private partnerships have launched apprenticeship programmes to train youth, offered internship and secondment opportunities to UAE nationals and significantly increased the number of Emiratis of both genders in top-tier management.
One of the most successful Emiratisation initiatives has been the Pre-Audit Qualification Training (PAQT) programme, devised and run by the Abu Dhabi Global Market Academy in alliance with the Abu Dhabi Human Resource Authority, the Abu Dhabi Accountability Authority and private sector partners including KPMG Lower Gulf.
Since 2019, PAQT has provided more than 90 UAE nationals with essential audit knowledge and training. Its graduates have succeeded in finding valuable roles in the financial sector and supporting the government agenda of economic diversification and greater representation of UAE talent in the private sector.
Emiratisation is more than merely a box to be checked. The private sector must ensure its Emiratisation initiatives genuinely focus on the transfer of capabilities and building capacity to deliver growth in a dynamic business environment.
This is a synergistic partnership. Emiratisation helps multinational organisations become truly global and local heroes. At KPMG, for instance, our Emirati talent not only gain global exposure and opportunity to work on international assignments and clients, but the firm also gains a competitive edge with their cultural knowledge, deep commitment to national causes and nuanced perspectives of local markets.
As the UAE builds infrastructure to attract talented individuals from across the world, organisations operating in the nation would do well to prioritise attracting and nurturing Emirati talent, who will power the nation’s future growth.
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Tottenham's 10 biggest transfers (according to transfermarkt.com):
1). Moussa Sissokho - Newcastle United - £30 million (Dh143m): Flop
2). Roberto Soldado - Valencia - £25m: Flop
3). Erik Lamela - Roma - £25m: Jury still out
4). Son Heung-min - Bayer Leverkusen - £25m: Success
5). Darren Bent - Charlton Athletic - £21m: Flop
6). Vincent Janssen - AZ Alkmaar - £18m: Flop
7). David Bentley - Blackburn Rovers - £18m: Flop
8). Luka Modric - Dynamo Zagreb - £17m: Success
9). Paulinho - Corinthians - £16m: Flop
10). Mousa Dembele - Fulham - £16m: Success
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
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The five pillars of Islam
Quick facts on cancer
- Cancer is the second-leading cause of death worldwide, after cardiovascular diseases
- About one in five men and one in six women will develop cancer in their lifetime
- By 2040, global cancer cases are on track to reach 30 million
- 70 per cent of cancer deaths occur in low and middle-income countries
- This rate is expected to increase to 75 per cent by 2030
- At least one third of common cancers are preventable
- Genetic mutations play a role in 5 per cent to 10 per cent of cancers
- Up to 3.7 million lives could be saved annually by implementing the right health
strategies
- The total annual economic cost of cancer is $1.16 trillion
Why the Tourist Club?
Originally, The Club (which many people chose to call the “British Club”) was the only place where one could use the beach with changing rooms and a shower, and get refreshments.
In the early 1970s, the Government of Abu Dhabi wanted to give more people a place to get together on the beach, with some facilities for children. The place chosen was where the annual boat race was held, which Sheikh Zayed always attended and which brought crowds of locals and expatriates to the stretch of beach to the left of Le Méridien and the Marina.
It started with a round two-storey building, erected in about two weeks by Orient Contracting for Sheikh Zayed to use at one these races. Soon many facilities were planned and built, and members were invited to join.
Why it was called “Nadi Al Siyahi” is beyond me. But it is likely that one wanted to convey the idea that this was open to all comers. Because there was no danger of encountering alcohol on the premises, unlike at The Club, it was a place in particular for the many Arab expatriate civil servants to join. Initially the fees were very low and membership was offered free to many people, too.
Eventually there was a skating rink, bowling and many other amusements.
Frauke Heard-Bey is a historian and has lived in Abu Dhabi since 1968.
Engine: 80 kWh four-wheel-drive
Transmission: eight-speed automatic
Power: 402bhp
Torque: 760Nm
Price: From Dh280,000
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
BLACKBERRY
%3Cp%3EDirector%3A%20Matt%20Johnson%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Jay%20Baruchel%2C%20Glenn%20Howerton%2C%20Matt%20Johnson%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
More from our neighbourhood series:
Mubadala World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
Match info
What: Fifa Club World Cup play-off
Who: Al Ain v Team Wellington
Where: Hazza bin Zayed Stadium, Al Ain
When: Wednesday, kick off 7.30pm
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