UAE’s fragile reefs will be under more strain by climate change: report
The Emirates Wildlife Society and World Wildlife Fund (EWS-WWF) report, UAE Climate Change Risks and Resilience, this week outlined concerns about the potential effect on coral reefs off the coast.
The UAE’s fragile natural habitat and animal life are likely to be put under more strain by climate change, leading to economic losses for the growing tourism sector.
The Emirates Wildlife Society and World Wildlife Fund report, UAE Climate Change Risks and Resilience, this week outlined concerns about the effect on coral reefs off the coast.
Some effects of climate change can be predicted through research, such as the effect of a changing marine environment. But many are as yet unknown, including global warming’s influence on certain species’ habits.
“Marine ecosystems and species of the Arabian Gulf already often function at the maximum limits of their environmental tolerance and further changes in climatic conditions are likely to affect them severely,” the report said.
Sabkhas, low-lying sand and salt flats, are also recognised as one of the largest carbon storage habitats of coastal systems.
“The UAE’s sabkhas are internationally recognised as the largest and most geomorphologically interesting examples in the world,” the report said.
“Coastal sabkhas can stand only a few centimetres above high-tide mark, and changes in precipitation and higher sea level could have negative consequences on their halophytic flora and fauna.
“Estimates indicate that with a continuation of current trends in GHG emissions, a significant proportion of the planet’s remaining coral reefs may be lost to bleaching over the next century.”
The Arabian Gulf is already one of the most heat-stressed and saline marine environments in the world due to desalination plants and decades of pollution.
Policies are in place to reverse some of the damage done by rapid urban modernisation, but the shift in sea temperature and increasing ocean acidity have already taken their toll on coral reef habitats and the almost Dh100 billion they bring in annually.
Coral bleaching in 2010 led to the loss of more than half of the acropora corals in Ras Ghanada, Abu Dhabi, a place famous for its reefs. This was important because that species of coral excretes a calcium skeleton, which is the basic building block for reefs.
The Environment Agency Abu Dhabi last month said it planned to increase the percentage of protected marine areas to 14 per cent by 2019, stating that it will benefit coral reefs and boost tourism in making the UAE a more popular diving destination.
It said that coral replenishment programmes were a feasible option for the Gulf to help coral populations that might be at risk.
Apart from the known link to the coral reefs, change in the region’s ocean conditions could have unpredictable effects on turtles.
A recent study by the Emirates Wildlife Society found turtles dive to cooler waters during the summer and that is likely to increase as water surface temperatures are set to rise by up to 2°C in the next 30 years.
On land, most species depend on a healthy and vibrant desert. But increases in temperature could lead to stress for species including the Arabian oryx, the spiny-tail lizard and migratory birds.
Extreme temperatures will also threaten the flora and fauna of mountainous regions, as the scarcity of plants could lead to species degradation and allow invasive species to flourish.
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
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.