The President, Sheikh Mohamed, has congratulated companies that took part in an initiative to make their workplaces more parent friendly.
Launched in May last year by the Abu Dhabi Early Childhood Authority, the Parent-Friendly Label provides criteria that employers can adopt to be recognised for their parent-friendly policies, practices and culture.
The initiative also supports working parents as they care for their children, and encourages a better work-life balance.
Speaking on Wednesday at Qasr Al Bahr in Abu Dhabi, Sheikh Mohamed emphasised the need to streamline the initiative to enable all the country’s organisations to apply for the Parent-Friendly Label and expand the adoption of its parent-friendly practices and policies.
He urged those who were awarded the label to maintain it and obtain a higher level, which is called PFL+.
"I extend my congratulations and appreciation to all of the entities that have been awarded the Abu Dhabi Early Childhood Authority’s Parent-Friendly Label for their efforts to support working parents and contribute to the development of a more family-friendly work culture," Sheikh Mohamed wrote on Twitter.
Sheikh Theyab bin Mohamed, chairman of Abu Dhabi Crown Prince Court and chairman of the ECA, said parent-friendly workplaces enable working parents to efficiently contribute to their children’s development during their early childhood.
He said they also help achieve a work-life balance, increase employees’ engagement, productivity, well-being and retention, and improve organisations’ abilities to attract talent and expertise.
“The PFL promotes Abu Dhabi’s position as a child-friendly city by encouraging innovation at workplaces and creating innovative future work environments that support various developmental aspects, particularly those related to child development,” Sheikh Theyab said.
Six national organisations were recognised for earning the label — HSBC Bank, Masdar, Emirates Nature-WWF, Abu Dhabi Motorsports Management, Etihad Airways and Silal.
The PFL’s first cycle for 2022-2024 was aimed at more than 70 national entities. The initiative has positively affected more than 6,600 children and 20,000 employees.
All applications were assessed by an independent judging panel to ensure transparency and impartiality.
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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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FA Cup semi-finals
Saturday: Manchester United v Tottenham Hotspur, 8.15pm (UAE)
Sunday: Chelsea v Southampton, 6pm (UAE)
Matches on Bein Sports
Company%20Profile
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Killing of Qassem Suleimani
Killing of Qassem Suleimani
The specs: 2018 Opel Mokka X
Price, as tested: Dh84,000
Engine: 1.4L, four-cylinder turbo
Transmission: Six-speed auto
Power: 142hp at 4,900rpm
Torque: 200Nm at 1,850rpm
Fuel economy, combined: 6.5L / 100km
COMPANY%20PROFILE
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Profile of Tamatem
Date started: March 2013
Founder: Hussam Hammo
Based: Amman, Jordan
Employees: 55
Funding: $6m
Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media
The biog
Title: General Practitioner with a speciality in cardiology
Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India
Education: Medical degree from the Government Medical College in Nagpur
How it all began: opened his first clinic in Ajman in 1993
Family: a 90-year-old mother, wife and two daughters
Remembers a time when medicines from India were purchased per kilo