The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters
The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters
The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters
The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters


A new ten-year plan for the UAE


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  • Arabic

November 24, 2022

A lot can happen during 10 years in the UAE. Since 2012, the country’s population has grown by 700,000 people, consolidated its reputation as a global hub for business, energy and logistics and convened major international gatherings such as Dubai Expo 2020.

On Tuesday, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, gave the world an idea about what the next decade will include, during an annual two-day government meeting of the nation’s most senior officials that set out a new 10-year strategy. It is being called We The UAE 2031.

Key priorities outlined by Sheikh Mohammed include generating more jobs, protecting the environment and creating a more digital, efficient society. Of particular importance are the future of education, legal reform and a strong economy.

The rise of a sophisticated education sector is one of the country’s most remarkable feats over the past 50 years. It is also strategically crucial for the future. With a constant need for talented workers to harness the country’s vast economic potential, institutions, from early years to advanced studies, are vital.

  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, outlined the government's vision for the next decade, with the future of education, legal reform and a strong economy all key components. Photo: Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, outlined the government's vision for the next decade, with the future of education, legal reform and a strong economy all key components. Photo: Wam
  • The two-day government meeting includes more than 500 senior officials. Photo: UAE Government Media Office
    The two-day government meeting includes more than 500 senior officials. Photo: UAE Government Media Office
  • Dr Anwar Gargash, diplomatic adviser to the President, said the foundation of the UAE’s foreign policy is to call on others for dialogue to resolve disputes and enhance peace and stability in the world. Photo: UAE Government Media Office
    Dr Anwar Gargash, diplomatic adviser to the President, said the foundation of the UAE’s foreign policy is to call on others for dialogue to resolve disputes and enhance peace and stability in the world. Photo: UAE Government Media Office
  • On the economy, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the future meant a 'comprehensive Emirati industrial movement led by vital development sectors'. Photo: Wam
    On the economy, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the future meant a 'comprehensive Emirati industrial movement led by vital development sectors'. Photo: Wam
  • On legal reform, Maryam Al Hammadi, Secretary General of the UAE Cabinet, said there would be a 'new vision for the legislative process', which follows already significant reform in recent years. Photo: UAE Government Media Office
    On legal reform, Maryam Al Hammadi, Secretary General of the UAE Cabinet, said there would be a 'new vision for the legislative process', which follows already significant reform in recent years. Photo: UAE Government Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, signs a charter for the national plan that represents its most important features. Photo: Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, signs a charter for the national plan that represents its most important features. Photo: Wam
  • Among the targets for We The UAE 2031 are to double gross domestic product from Dh1.49 trillion to Dh3 trillion. It also sets out to double the number of tourists to 40 million, contributing Dh450 billion to GDP. Photo: Wam
    Among the targets for We The UAE 2031 are to double gross domestic product from Dh1.49 trillion to Dh3 trillion. It also sets out to double the number of tourists to 40 million, contributing Dh450 billion to GDP. Photo: Wam
  • Generating public sector jobs, hosting the Cop28 climate summit in November 2023, developing economic partnerships and pursuing a digital future are also major goals. Photo: Wam
    Generating public sector jobs, hosting the Cop28 climate summit in November 2023, developing economic partnerships and pursuing a digital future are also major goals. Photo: Wam
  • We The UAE 2031 includes growing the industrial sector to Dh300 billion, which will include an advanced industry sector worth Dh70 billion. Photo: Wam
    We The UAE 2031 includes growing the industrial sector to Dh300 billion, which will include an advanced industry sector worth Dh70 billion. Photo: Wam

Schools have also proved to be key building blocks for the UAE’s tolerant, diverse society. A recent report by Dubai’s Knowledge and Human Development Authority showed that 60 per cent of Emiratis go to American-curriculum schools. In terms of all students, the Indian system is the second-most popular overall, after the British curriculum. Ten per cent of the emirate’s teachers are Egyptian. Very few countries can boast such a diverse education sector. However, the teaching of the Arabic language, UAE identity and culture are also crucial for a robust education sector.

On the subject of legal reform as part of We The UAE 2031, Maryam Al Hammadi, secretary general of the Cabinet, explained that there was a "new vision for the legislative process". This follows a series of other major legal reforms in recent years. In November 2021, for example, the government outlined a series of historic changes that included measures to allow investors and entrepreneurs to establish and own onshore companies in almost all sectors, as well as new regulations to increase protection for domestic workers.

On the economy, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the new 2031 strategy would include a "comprehensive Emirati industrial movement led by vital development sectors", which would grow the industrial sector to Dh300 billion, in line with Operation 300bn, an industrial strategy released last March that, alongside other reforms, allows for 100 per cent foreign ownership of projects. We The UAE 2031 also aims to double the gross domestic product from Dh1.49 trillion to Dh3tn.

But 2031 was not the only date on the minds of UAE officials at the meeting. In his keynote address, Mohammed Al Gergawi, Minister of Cabinet Affairs, spoke about how this update was a step in the longer journey towards the Emirates’ centennial 2071 plan.

This decades-long process will be driven by concrete actions such as those that are seen in We The UAE 2031, but, according to Mr Al Gergawi, a “new culture in government based on flexibility, proactive, integration and realism at the federal and local levels", and a “positive role maintaining peace and stability”, will also be crucial.

No one can fully predict where the future will take us, or the external factors that will come into play. But since its foundation in 1971, the country has shown that it is capable of setting and sticking to ambitious development plans. That is why the Emirates stands in good stead as it prepares for the next 10 years, and, many more decades ahead.

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

MATCH INFO

Real Madrid 2 (Benzema 13', Kroos 28')
Barcelona 1 (Mingueza 60')

Red card: Casemiro (Real Madrid)

Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

INVESTMENT PLEDGES

Cartlow: $13.4m

Rabbitmart: $14m

Smileneo: $5.8m

Soum: $4m

imVentures: $100m

Plug and Play: $25m

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

The Saga Continues

Wu-Tang Clan

(36 Chambers / Entertainment One)

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

The specs: 2018 Mercedes-Benz E 300 Cabriolet

Price, base / as tested: Dh275,250 / Dh328,465

Engine: 2.0-litre four-cylinder

Power: 245hp @ 5,500rpm

Torque: 370Nm @ 1,300rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.0L / 100km

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

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

W.
Wael Kfoury
(Rotana)

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

Company profile

Name: Oulo.com

Founder: Kamal Nazha

Based: Dubai

Founded: 2020

Number of employees: 5

Sector: Technology

Funding: $450,000

Formula%204%20Italian%20Championship%202023%20calendar
%3Cp%3EApril%2021-23%3A%20Imola%3Cbr%3EMay%205-7%3A%20Misano%3Cbr%3EMay%2026-28%3A%20SPA-Francorchamps%3Cbr%3EJune%2023-25%3A%20Monza%3Cbr%3EJuly%2021-23%3A%20Paul%20Ricard%3Cbr%3ESept%2029-Oct%201%3A%20Mugello%3Cbr%3EOct%2013-15%3A%20Vallelunga%3C%2Fp%3E%0A
MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Twin%20electric%20motors%20and%20105kWh%20battery%20pack%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E619hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C015Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3EUp%20to%20561km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ3%20or%20Q4%202022%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh635%2C000%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

UAE currency: the story behind the money in your pockets
Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

ENGLAND SQUAD

Goalkeepers Henderson, Pickford, Pope.

Defenders Alexander-Arnold, Chilwell, Coady, Dier, Gomez, Keane, Maguire, Maitland-Niles, Mings, Saka, Trippier, Walker.

Midfielders Henderson, Mount, Phillips, Rice, Ward-Prowse, Winks.

Forwards Abraham, Barnes, Calvert-Lewin, Grealish, Ings, Kane, Rashford, Sancho, Sterling.

The biog

Name: Mohammed Imtiaz

From: Gujranwala, Pakistan

Arrived in the UAE: 1976

Favourite clothes to make: Suit

Cost of a hand-made suit: From Dh550

 

The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EVarious%0D%3Cbr%3E%3Cstrong%3E%0D%3Cbr%3EStars%3A%20%3C%2Fstrong%3EHenry%20Cavill%2C%20Freya%20Allan%2C%20Anya%20Chalotra%3Cstrong%3E%0D%3Cbr%3E%0D%3Cbr%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Updated: November 24, 2022, 3:00 AM