• Billionaire businessman Jeff Bezos embraces veteran aviator Wally Funk after Blue Origin’s reusable New Shepard craft capsule returned from space on Tuesday, July 20, 2021.
    Billionaire businessman Jeff Bezos embraces veteran aviator Wally Funk after Blue Origin’s reusable New Shepard craft capsule returned from space on Tuesday, July 20, 2021.
  • Jeff Bezos, Funk and and gap-year student Oliver Daemen, 18, disembark after Blue Origin’s reusable New Shepard capsule returned from space.
    Jeff Bezos, Funk and and gap-year student Oliver Daemen, 18, disembark after Blue Origin’s reusable New Shepard capsule returned from space.
  • Jeff Bezos disembarks after the flight.
    Jeff Bezos disembarks after the flight.
  • New Shepard touches down on Earth.
    New Shepard touches down on Earth.
  • New Shepard approaches the ground.
    New Shepard approaches the ground.
  • The capsule carrying Jeff Bezos and three crew members returns to Texas by parachute.
    The capsule carrying Jeff Bezos and three crew members returns to Texas by parachute.
  • The booster rocket returns to the launch pad.
    The booster rocket returns to the launch pad.
  • The rocket lifts off.
    The rocket lifts off.
  • The launch viewed from far.
    The launch viewed from far.
  • The rocket is launched on the world’s first unpiloted suborbital flight.
    The rocket is launched on the world’s first unpiloted suborbital flight.
  • It took off from Blue Origin’s launch site, near Van Horn in western Texas, US.
    It took off from Blue Origin’s launch site, near Van Horn in western Texas, US.
  • Blue Origin’s New Shepard rocket is launched from its spaceport.
    Blue Origin’s New Shepard rocket is launched from its spaceport.
  • The rocket lift-off.
    The rocket lift-off.
  • The launch pad. Blue Origin’s first crewed mission was an 11-minute flight from Texas and back. Reaching an altitude of 106 kilometres, it coincided with the 52nd anniversary of the first Moon landing.
    The launch pad. Blue Origin’s first crewed mission was an 11-minute flight from Texas and back. Reaching an altitude of 106 kilometres, it coincided with the 52nd anniversary of the first Moon landing.
  • People watch on a television screen as the rocket sits on the launch pad.
    People watch on a television screen as the rocket sits on the launch pad.
  • The crew members prepare for the flight.
    The crew members prepare for the flight.
  • The crew members prepare for the flight.
    The crew members prepare for the flight.
  • Jeff Bezos, the founder of Amazon.com, rings a bell before boarding the flight.
    Jeff Bezos, the founder of Amazon.com, rings a bell before boarding the flight.
  • This still image taken from video by Blue Origin shows Funk, Daemen and the Bezos brothers before they leave for the flight.
    This still image taken from video by Blue Origin shows Funk, Daemen and the Bezos brothers before they leave for the flight.
  • A monitor in a zone reserved for the media shows Wally Funk being interviewed.
    A monitor in a zone reserved for the media shows Wally Funk being interviewed.
  • This still image taken from video by Blue Origin shows Funk, Jeff and Mark Bezos, and Daemen as they ascend the crew tower for the flight.
    This still image taken from video by Blue Origin shows Funk, Jeff and Mark Bezos, and Daemen as they ascend the crew tower for the flight.
  • This still image taken from video by Blue Origin shows, from left, Mark Bezos, Jeff Bezos, Wally Funk and Oliver Daemen as they travel to the launch pad.
    This still image taken from video by Blue Origin shows, from left, Mark Bezos, Jeff Bezos, Wally Funk and Oliver Daemen as they travel to the launch pad.
  • Jeff Bezos, his brother Mark Bezos, a private equity executive, Wally Funk and Oliver Daemen pose in an undated photograph.
    Jeff Bezos, his brother Mark Bezos, a private equity executive, Wally Funk and Oliver Daemen pose in an undated photograph.

UAE enters into space tourism partnership with Jeff Bezos's Blue Origin


Sarwat Nasir
  • English
  • Arabic

The UAE government is working with Jeff Bezos's Blue Origin to bring space tourism flights to the country, the Ministry of Economy has announced.

On Tuesday, The National revealed that the space tourism company was interested in setting up a spaceport in the UAE desert for suborbital flights.

Abdulla bin Touq, Minister of Economy, held a meeting with Blue Origin’s vice president Brent Sherwood this week at the International Astronautical Congress in Dubai.

Through this collaboration, we look forward to leveraging Blue Origin’s leading expertise in space manufacturing and space and low Earth orbit flight services to support the UAE’s plans
Abdulla bin Touq,
Minister of Economy

They agreed to develop a plan that would accelerate the ministry’s ambition for economic development through space activities, including space tourism.

“The ministry is working with its partners to establish an open economic ecosystem that attracts investments to target sectors and stimulate innovative companies to support sustainable development and create an advanced investment environment,” Mr bin Touq said.

“Through this collaboration, we look forward to leveraging Blue Origin’s leading expertise in space manufacturing and space and low Earth orbit flight services to support the UAE’s plans.

“We are also keen to expand the scope of our partnerships with Blue Origin to build and develop space tourism and enhance the national efforts in this respect.”

Blue Origin has sent eight people into space so far through its New Shepard missions, including Star Trek actor William Shatner, who became the oldest person in space, aged 90.

Now, the space tourism company is searching for other locations around the world to set up spaceports.

Mr Sherwood told The National that the UAE was an “obvious choice” and that there were discussions taking place.

“It’s an obvious place to look here. All we really need is some desert. One of the enduring qualities of the West Texas desert is that it is hard to get to the El Paso airport. You have to drive for a couple of hours and it is in the middle of nowhere,” he said.

“A couple of nights ago I slept over in Sharjah and did some stargazing in the desert. It was only 30 minutes away from Dubai, so I think it’s very promising to think about areas here.”

The UAE’s new space strategy involves creating an economic impact by going into partnership with private companies, as well as research and development in space.

The space sector’s added value in the UAE — the direct and indirect economic impact from the sector’s products and services — has reached Dh3 billion, according to the Ministry of Economy.

So far, the UAE has made Dh22 billion worth of investments in space.

Figures show the sector provides more than 3,200 jobs, with 57 space companies and organisations operating in the country.

These include five space science research centres and start-up companies.

The UAE’s total foreign trade in aerospace vehicles and their parts has reached Dh190 billion.

“Today, the UAE is home to several major space companies, offering excellent opportunities to start-ups in capitalising on the potential of operating outside the Earth’s orbit. We will move forward with our efforts to attract the companies operating in this field to become partners in driving growth and advancement of UAE’s space economy,” Mr Al Marri said.

AzurX is a private company in Dubai that is working as a strategic adviser to Blue Origin, and it will act as a bridge between the UAE and the space tourism company.

Anna Hazlett, chief executive of AzurX, told The National that it would be helping Blue Origin with its localisation strategy in the UAE, and would assist customers with space tourism flights and opportunities on Orbital Reef — a new private space station announced by Blue Origin on Monday.

UAE astronauts at Expo 2020 Dubai Space Week: in pictures

  • Nora Al Matrooshi, the first Arab female astronaut, speaks about her experience of being selected during Expo's Space Week. All photos: Expo 2020 Dubai
    Nora Al Matrooshi, the first Arab female astronaut, speaks about her experience of being selected during Expo's Space Week. All photos: Expo 2020 Dubai
  • Maj Hazza Al Mansouri, the first Emirati in space, at Expo 2020 Dubai.
    Maj Hazza Al Mansouri, the first Emirati in space, at Expo 2020 Dubai.
  • UAE astronauts Sultan Al Neyadi and Mohammed Al Mulla speak at Expo.
    UAE astronauts Sultan Al Neyadi and Mohammed Al Mulla speak at Expo.
  • Maj Al Mansouri takes the stage during a Space Week panel session.
    Maj Al Mansouri takes the stage during a Space Week panel session.
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Januzaj's club record

Manchester United 50 appearances, 5 goals

Borussia Dortmund (loan) 6 appearances, 0 goals

Sunderland (loan) 25 appearances, 0 goals

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

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
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Brief scoreline:

Liverpool 2

Mane 51', Salah 53'

Chelsea 0

Man of the Match: Mohamed Salah (Liverpool)

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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

 

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

Updated: October 28, 2021, 11:39 AM