• Etihad Rail's freight network is now operational. It can transport 60 million tonnes of goods a year. All photos: Etihad Rail
    Etihad Rail's freight network is now operational. It can transport 60 million tonnes of goods a year. All photos: Etihad Rail
  • The new freight service has 38 locomotives
    The new freight service has 38 locomotives
  • The freight trains will run up to 120kph, with each locomotive operating at 4,500 horsepower
    The freight trains will run up to 120kph, with each locomotive operating at 4,500 horsepower
  • The locomotives pull a total of 1,000 wagons, transporting goods ranging from shipping containers to industrial material
    The locomotives pull a total of 1,000 wagons, transporting goods ranging from shipping containers to industrial material
  • The tracks cross the UAE and feature 593 bridges
    The tracks cross the UAE and feature 593 bridges
  • The network will contribute Dh200 billion ($54.4 billion) to the UAE economy and save Dh8 billion in road maintenance costs
    The network will contribute Dh200 billion ($54.4 billion) to the UAE economy and save Dh8 billion in road maintenance costs
  • The project also aims to reduce carbon emissions from the road transport sector by 21 per cent by 2050, boosting the country's efforts to become net zero
    The project also aims to reduce carbon emissions from the road transport sector by 21 per cent by 2050, boosting the country's efforts to become net zero


Etihad Rail will enhance the UAE landscape


  • English
  • Arabic

February 27, 2023

In another seven years, the way people travel in the UAE will undergo a dynamic change. Cars will still be on the road. But with its nationwide rail network – that is steadily gearing up to connect all seven emirates and to transport more than 36 million people – Etihad Rail will, by 2030, change the landscape of the country.

The passenger rail is one aspect that will change the way we travel, plan our days and reduce the time we spend on the road. An infrastructure project that includes a 1,200-kilometre railroad track – necessarily changes the way a country functions.

But a less visible but perhaps more important aspect of the project is the boost it will provide to the national economy – via the goods that will be transported at great speed. Just two days ago, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, inaugurated the UAE's freight train network, marking an important moment for the country's development.

The strategic gains that Etihad Rail will usher in, including connecting four major ports, seven logistics centres and transporting 60 million tonnes of goods every year at a speed of 120kph, will advance not just the UAE economy but that of its neighbours. As Sheikh Mohammed said during the inauguration: “Connecting the Emirates via a national railway network strengthens our capabilities and competitiveness, and consolidates our unity.”

Any big national project, is often a matter of pride for a country and its people

The progress in construction that has been increasingly visible throughout the country over the past two years has left residents with a sense of excitement and expectation, as it signals a future that will continue to reinvent the country and its economy, and by extension, benefit their lives. Beyond this, any big national project, is often a matter of pride for a country and its people.

Back in 2009, when Etihad Rail was established, the idea of a national rail network linking key ports and cities was keenly and widely anticipated. The difference now is seeing that dream take shape, with 75 per cent of the network complete, linking the UAE with the borders of Saudi Arabia up to Oman. As any student of history will have learnt, a rail network does for a country in terms of connection and economic dynamism what few other infrastructure projects can.

The UAE already has top-of-the-line air and road networks, with national carriers that habitually top global rankings. The country has an esteemed space programme that, with good reason, is also a matter of national pride. And now it has a rapidly growing rail network that, given the railways' universal status as a game changer for a country's development journey, will be an asset. Etihad Rail will contribute to supporting the UAE economy to a value of Dh200 billion and save Dh8 billion in road maintenance costs. And as people living in the country and outside flock to it, the resulting tourism benefits are estimated at Dh23 billion.

What we're seeing is a landmark journey towards completion of what will soon be a historic national achievement.

The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Updated: February 27, 2023, 2:00 AM