President Sheikh Mohammed and Bashar Al Assad discussed ways to enhance co-operation to accelerate stability and progress in Syria. AP
President Sheikh Mohammed and Bashar Al Assad discussed ways to enhance co-operation to accelerate stability and progress in Syria. AP
President Sheikh Mohammed and Bashar Al Assad discussed ways to enhance co-operation to accelerate stability and progress in Syria. AP
President Sheikh Mohammed and Bashar Al Assad discussed ways to enhance co-operation to accelerate stability and progress in Syria. AP

President Sheikh Mohamed holds talks with Syria's Bashar Al Assad


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President Sheikh Mohamed met Syrian President Bashar Al Assad in Abu Dhabi on Sunday, where the two leaders discussed stability in the Middle East.

The Syrian leader and first lady Asma Al Assad arrived on an official visit on Sunday.

The couple were welcomed at a ceremony at Qasr Al Watan on the capital's waterfront.

Sheikh Mohamed accompanied Mr Al Assad during a rendition of the Syrian national anthem as he was welcomed with an honour guard salute.

A decade and a half of war, violence and destruction is enough
Dr Anwar Gargash,
diplomatic adviser to the UAE President

“I welcomed President Bashar Al Assad of Syria to the UAE today, and we held constructive talks aimed at developing relations between our two countries,” Sheikh Mohamed said on Twitter.

“Our discussions also explored ways of enhancing co-operation to accelerate stability and progress in Syria and the region.”

Mr Al Assad last visited the UAE last March, marking his first trip to an Arab country since the Syrian civil war began in 2011.

Dr Anwar Gargash, diplomatic adviser to the President, said there was a need to bring Syria and its government back into the fold.

“The UAE's position is clear regarding the need for Syria to return … and this was confirmed by His Highness Sheikh Mohamed bin Zayed during his meeting today with President Bashar Al Assad,” Dr Gargash wrote on Twitter.

  • Honour guards participate in a reception at Qasr Al Watan. Presidential Court
    Honour guards participate in a reception at Qasr Al Watan. Presidential Court
  • President Sheikh Mohamed receives Syrian President Bashar Al Assad at the Presidential Airport. Presidential Court
    President Sheikh Mohamed receives Syrian President Bashar Al Assad at the Presidential Airport. Presidential Court
  • Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, greets Mr Al Assad at Qasr Al Watan. Presidential Court
    Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, greets Mr Al Assad at Qasr Al Watan. Presidential Court
  • Sheikh Mohamed and Mr Al Assad stand for the national anthem. Presidential Court
    Sheikh Mohamed and Mr Al Assad stand for the national anthem. Presidential Court
  • Sheikh Mohamed speaks with Mr Al Assad. Presidential Court
    Sheikh Mohamed speaks with Mr Al Assad. Presidential Court
  • Sheikh Mohamed stands as Mr Al Assad signs a guest book. Presidential Court
    Sheikh Mohamed stands as Mr Al Assad signs a guest book. Presidential Court
  • Sheikh Mohamed shakes hands with Mr Al Assad. Presidential Court
    Sheikh Mohamed shakes hands with Mr Al Assad. Presidential Court
  • Maitha Al Shamsi, Minister of State, greets Syria's first lady Asma Al Assad. AFP
    Maitha Al Shamsi, Minister of State, greets Syria's first lady Asma Al Assad. AFP

“A decade and a half of war, violence and destruction is enough, and the time has come to enhance co-operation and collaboration among our Arab countries to ensure stability and prosperity in the region.

“The UAE's approach and efforts towards brotherly Syria are part of a deeper vision and a broader approach aimed at strengthening Arab and regional stability, overcoming difficult years of confrontation.

“The events associated with the decade of chaos and their repercussions have proven that our Arab world is more deserving of addressing its issues and crises, away from regional and international interference.”

In January, Mr Al Assad welcomed Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, to Damascus.

Sheikh Abdullah returned to Damascus last month, when he also visited areas hit by the earthquake that killed more than 50,000 people in Syria and Turkey.

Sunday's reception was attended by senior Emirati officials including Sheikh Tahnoun bin Zayed, National Security Adviser, Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Hamdan bin Mohamed.

A delegation from Syria was also present, including the ministers of economy, information and assistant foreign minister.

COMPANY PROFILE

Name: Cofe

Year started: 2018

Based: UAE

Employees: 80-100

Amount raised: $13m

Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group 

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
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

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

FIXTURES

All games 6pm UAE on Sunday: 
Arsenal v Watford
Burnley v Brighton
Chelsea v Wolves
Crystal Palace v Tottenham
Everton v Bournemouth
Leicester v Man United
Man City v Norwich
Newcastle v Liverpool
Southampton v Sheffield United
West Ham v Aston Villa

RACE CARD

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m

The years Ramadan fell in May

1987

1954

1921

1888

Updated: March 20, 2023, 5:56 AM