President Sheikh Mohamed on Flag Day said people in the UAE are united by national pride and are optimistic about the future.
In a post on Twitter accompanied by a video showing UAE leaders with young Emiratis, Sheikh Mohamed said the optimism is based on the future generation who will continue the country's progress.
"As people across the UAE join together to raise the flag as one, we reflect on our country’s past and are optimistic for its future," he said.
"The UAE people are united by a shared sense of national pride and a steadfast belief in the next generation who will lead our continued progress."
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, shared a Twitter post with a group of Emirati boys.
"Today we raised the flag of the United Arab Emirates with a group of Emirati sons who represent part of our future," Sheikh Mohammed wrote.
"It's a day on which we establish loyalty and belonging in our generations and celebrate the symbol of our sovereignty and pride, and renew our pride in our unity and union. May God protect our flag, our state and our people."
The UAE celebrated Flag Day on Thursday, with schools and workplaces across the country marking the occasion.
At 11am, people briefly stopped work to mark the event, which is now in its 10th year.
The idea was conceived in 2013 by Sheikh Mohammed bin Rashid to celebrate the accession of Sheikh Khalifa as President in 2004.
It is commemorated every year on the anniversary, November 3, although the day is not a public holiday.
Who designed the UAE flag?
Abdullah Al Maainah came up with the design in 1971 as part of a competition run by Al Ittihad newspaper.
The young Emirati intended the four colours to represent Arab unity, as described in poetry written by Safi-u-ddin Al Hali.
His submission beat more than 1,000 entries vying to become the emblem of the new nation.
Mr Al Maainah was 19 at the time and would later become the minister of foreign affairs.
Only two flags were raised in December 1971 to mark the formation of the nation — one in Abu Dhabi and the other at Union House in Dubai.
On Thursday, there are likely to be hundreds of thousands.
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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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More than 2.2 million Indian tourists arrived in UAE in 2023
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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
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1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.
2) Symptoms can include a lump, discharge, swollen glands or a rash.
3) People with a history of cancer in the family can be more susceptible.
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HIV on the rise in the region
A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.
New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.
Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.
Access to HIV testing, treatment and care in the region is well below the global average.
Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.
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Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
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