• Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, inaugurates the regional headquarters of technology and social media company Meta at Dubai Internet City. All photos: Dubai Media Office Twitter
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, inaugurates the regional headquarters of technology and social media company Meta at Dubai Internet City. All photos: Dubai Media Office Twitter
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said the presence of Meta, which owns social media brands such as Facebook and Instagram, reflected Dubai's status as a centre for global business.
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said the presence of Meta, which owns social media brands such as Facebook and Instagram, reflected Dubai's status as a centre for global business.
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, visited the complex that will lead Meta's operations in the Middle East and North Africa. More than 100 people will be employed there.
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, visited the complex that will lead Meta's operations in the Middle East and North Africa. More than 100 people will be employed there.
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, heard from Meta executives that the UAE's culture of innovation matched the company's vision.
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, heard from Meta executives that the UAE's culture of innovation matched the company's vision.
  • As Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, opened Meta's offices in Dubai Internet City, officials said Dubai's leadership enabled a business environment that attracted some of the world's most prestigious companies to the UAE.
    As Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, opened Meta's offices in Dubai Internet City, officials said Dubai's leadership enabled a business environment that attracted some of the world's most prestigious companies to the UAE.
  • The visit by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, to Meta's headquarters in Dubai Internet City was hailed as an inaugural step in the company's efforts to build the metaverse.
    The visit by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, to Meta's headquarters in Dubai Internet City was hailed as an inaugural step in the company's efforts to build the metaverse.
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, studies Meta's distinctive branding during his inaugural visit to the company's Mena headquarters in Dubai Internet City.
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, studies Meta's distinctive branding during his inaugural visit to the company's Mena headquarters in Dubai Internet City.

Sheikh Hamdan opens Meta's new regional headquarters in Dubai


  • English
  • Arabic

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, opened Facebook operator Meta's new regional headquarters in Dubai on Tuesday.

He said the establishment of the base in Dubai Internet City reflected the emirate's growth as a global business hub.

He hailed the latest addition to Dubai's roster of major firms as further evidence of the desire of the world's largest technological companies to do business in Dubai.

The inauguration was attended by Sheryl Sandberg, chief operating officer of Meta.

The new headquarters will serve the Middle East and North Africa (Mena) region and will house more than 100 employees.

"Dubai continues to consolidate its partnerships with global technology players as part of its ambitious vision to shape the future," Sheikh Hamdan wrote on Twitter.

"From its new base in Dubai, Meta will serve its markets in the Middle East and North Africa region and support three billion users of its platforms worldwide."

Sheikh Hamdan was joined on his tour by Omar Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Mohamed Al Hussaini, Minister of State for Financial Affairs; Helal Saeed Al Marri, director general of Dubai’s Department of Economy and Tourism, Ahmad Abdullah bin Byat, vice chairman of the board of Dubai Chamber of Digital Economy, and Malek Al Malek, director general of Dubai Development Authority and group chief executive of Tecom Group.

“Our leadership’s vision to cement an enabling and competitive business environment has attracted some of the world’s leading players to Dubai, especially in the technology sector, and enabled them to expand in the region and beyond," Mr Al Malek said.

"Our group’s business districts including Dubai Internet City have been at the forefront of efforts to deliver on this vision and the cornerstone of the region’s economic growth and digital transformation journey for the past two decades by providing a world-class ecosystem that attracted a pool of 95,000 best-in-class talent.

"Meta has been part of this journey for the past decade. It is rewarding to see their growth and expansion across the region, as it demonstrates the region’s potential and growing demand for innovation and advanced technologies."

Sheryl Sandberg said the UAE's "culture of innovation" matched Meta's ambitious vision.

"This office represents our commitment to the millions of people who use our platforms to express themselves, stay connected to their loved ones and their communities, and start and grow businesses," she said.

"There is a culture of innovation in the UAE that fits with the spirit of our company. We share an excitement about the economic and social opportunities that a connected world can create. The talent and creativity of people across the region will be crucial as we embark on the next chapter for our company – helping to build the metaverse.

"It is no coincidence that we selected March 8 for our office opening. We chose to do it on International Women’s Day as a sign of our continued commitment to empowering women, here in Dubai and around the world.”

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

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
Updated: March 08, 2022, 4:31 PM