Mariam Al Mheiri, UAE Minister of Climate Change and Environment, says protecting marine resources and biodiversity are key priorities. Photo: Twitter
Mariam Al Mheiri, UAE Minister of Climate Change and Environment, says protecting marine resources and biodiversity are key priorities. Photo: Twitter
Mariam Al Mheiri, UAE Minister of Climate Change and Environment, says protecting marine resources and biodiversity are key priorities. Photo: Twitter
Mariam Al Mheiri, UAE Minister of Climate Change and Environment, says protecting marine resources and biodiversity are key priorities. Photo: Twitter

UAE Minister of Climate Change vows to protect marine resources


Patrick Ryan
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  • Arabic

Authorities are pushing ahead with efforts to safeguard the UAE’s marine environment.

Mariam Al Mheiri, Minister of Climate Change and Environment, said protecting marine resources and biodiversity are key priorities of the country.

She was speaking at a meeting of the Supreme Committee for the Exploitation, Protection, and Development of Living Aquatic Resources held on Thursday.

“We rely heavily on seafood in our diet as a sustainable and healthy source of protein. We are committed to protecting our marine wealth and scaling up research and development in this area to increase the contribution of seafood products to our food security,” she said.

“The growing share of aquaculture in meeting the global demand for seafood underscores its appeal as a lucrative investment. Therefore, we are working on developing the sector locally by promoting investment and entrepreneurship and upgrading fishing regulations in co-operation with our stakeholders.”

A number of initiatives have been undertaken by the ministry to ensure marine life is preserved in the UAE.

These include evaluations of aquaculture systems at marine sites and conducting a feasibility study of certain fish species.

The Dubai model was shared at the meeting, where members heard about the goals of the Regulatory Committee on Fishing of Living Aquatic Resources in the emirate.

The committee in Dubai is responsible for preserving aquatic resources, enforcing fishing regulations, monitoring offences that can cause the depletion of fish and sea creatures, and helping in the creation of artificial reefs to restore the coastline.

Another goal of the project is to increase commercial fish production by the year 2030 by encouraging sustainable fishing methods.

Rebuilding the UAE’s coral reefs – in pictures

  • The shells will help to form biological building blocks to create artificial reefs. All photos: Dubai Oyster Project
    The shells will help to form biological building blocks to create artificial reefs. All photos: Dubai Oyster Project
  • Pupils from The Arbor School in Dubai have teamed up with a restaurant group for the Dubai Oyster Project.
    Pupils from The Arbor School in Dubai have teamed up with a restaurant group for the Dubai Oyster Project.
  • They are using used oyster shells from The Maine restaurants in Dubai, which are usually just thrown out and end up in landfills, to create artificial reefs.
    They are using used oyster shells from The Maine restaurants in Dubai, which are usually just thrown out and end up in landfills, to create artificial reefs.
  • They placed more than 250,000 of the used shells near the Ghantoot border.
    They placed more than 250,000 of the used shells near the Ghantoot border.
  • They used illegal fishing nets seized by authorities to help transport the shells to the water's edge.
    They used illegal fishing nets seized by authorities to help transport the shells to the water's edge.
  • The project will also help to reduce the amount of food waste.
    The project will also help to reduce the amount of food waste.
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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

FULL%20FIGHT%20CARD
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MATCH INFO

Barcelona v Real Madrid, 11pm UAE

Match is on BeIN Sports

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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 Two Popes

Director: Fernando Meirelles

Stars: Anthony Hopkins, Jonathan Pryce 

Four out of five stars

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

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Updated: February 11, 2022, 8:49 AM