The E11 motorway, the UAE’s primary artery that links six of its seven emirates along the coast of the Arabian Gulf, was first conceived in 1968 – three years before the country’s founding. Upon consideration, that ought not to be a surprise. With the majority of its population centres straddling a single coastline, the Emirates is set up for efficient transport links in a way few other countries are. Now, with the emergence in the coming years of a passenger rail network that runs largely parallel to the E11 – and extends even further to the Emirate of Fujairah – efficient transport is set to take on an entirely new meaning for the UAE.
The newly announced crown jewel of the country’s Etihad Rail network is expected to be a high-speed line linking the two most populous cities, Dubai and Abu Dhabi, in a jaw-dropping 30 minutes. Whereas Etihad Rail’s ordinary passenger carriages will travel at up to 200kph, the high-speed service is expected to reach 350kph – on par with some of the fastest rail services on the planet. The company is also looking at higher capacity carriages, which could carry up to 600 passengers per journey, compared to the 400 typically accommodated by similar networks elsewhere.
One of the most striking features of the rail network, however, is its penetration into the heart of urban areas. The network will feature stations at Al Maktoum Airport in Dubai and Zayed International Airport in Abu Dhabi, but also in Abu Dhabi’s Yas Island, Saadiyat Island and Reem Island.
The need for passenger trains in the UAE is evident, and the demand is expected to grow. In recent years, traffic congestion has been an issue among residents and authorities, bringing road safety to the front of the public’s mind. The combined population of the two cities is more than 6 million people, and for many the 60-to-90-minute drive between them – whether for work, family visits or leisure – is a regular feature of UAE life.
The need for passenger trains in the UAE is evident, and the demand is expected to grow
At the same time, a recent population boom in both cities – fuelled by the country’s high economic growth rate, incomes and standard of living – has put many more cars on the road. The opening of new cultural amenities, particularly in Abu Dhabi, is also drawing in more tourists, increasing pressure on existing bus and taxi services.
As Sebastien Mangeant, executive director for high speed at Etihad Rail, told The National, the safety of rail is a significant part of the appeal. So is environmental sustainability. As the UAE moves towards its net-zero emissions goals, reducing the reliance on petrol cars will be critical.
That goes well beyond Etihad Rail. The dawn of passenger trains in the Emirates has been accompanied by a broader shift in the country towards embracing public transport. The Dubai Metro, which began operations in 2009, is gearing up for an expansion, with plans to double the number of stations and a third line scheduled to open in 2029. The emirate’s authorities have spoken of turning its urban area into a “20-minute city”, in which residents can meet their key daily needs in under half an hour without having to rely on cars.
Meanwhile, in Abu Dhabi, water taxis, tram-like electric buses and even autonomous vehicles have become increasingly popular ways to travel. Last year, Abu Dhabi Link, the city’s on-demand bus service, marked the completion of one million passenger trips since its launch in 2020.
Mobility is a fundamental part of the UAE’s culture – from its stature as a global hub to its thriving talent ecosystem at home, the country has long been focused on building connections and getting people where they need to go. Soon, they will get there even faster.
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
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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
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
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More on Palestine-Israeli relations
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching