President Sheikh Mohamed exchanged greetings with Saudi Arabia's Crown Prince Mohammed bin Salman on Eid Al Adha.
The two leaders called for the continued prosperity and progress of their respective nations during a phone call, expressing their desire for peace and stability across the world, state news agency Wam reported.
Sheikh Mohamed performed the Eid Al Adha prayer on Saturday morning alongside fellow worshippers at the Sheikh Zayed Grand Mosque in Abu Dhabi.
During the sermon, Abdulrahman Al Shamsi highlighted the religious significance of Eid Al Adha and the importance of taking pride in one's identity and heritage, while also keeping alive the values of compassion and coexistence.
He wished the UAE leadership and people good health, as well as further progress and continued stability in the country.
Following the prayers, Sheikh Mohamed exchanged greetings with worshippers.
He then visited the tomb of Sheikh Zayed, the Founding Father.
Sheikh Mohamed also welcomed the rulers of all the Emirates on the first morning of the religious festival at Al Mushrif Palace in the capital.
Eid Al Adha, also known as the festival of the sacrifice, began on Saturday and concludes on Monday.
Sheikh Mohamed performs Eid prayers — in pictures
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Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, performs Eid Al Adha prayers alongside Sheikh Hamdan bin Zayed, Ruler’s Representative in Al Dhafra Region, and Sheikh Suroor bin Mohammed, at the Sheikh Zayed Grand Mosque, in Abu Dhabi. -

Sheikh Mohamed bin Zayed with Sheikh Hamdan, Sheikh Suroor, Sheikh Issa bin Zayed and other sheikhs during Eid Al Adha prayers. -

Sheikh Mohamed during prayers. -

From right to left: Sheikh Suroor, Sheikh Mohamed, Sheikh Hamdan, Sheikh Issa and Sheikh Nahyan Bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, attend the prayers with other sheikhs and senior officials. -

Sheikh Mohamed attends Eid Al Adha prayers at the Sheikh Zayed Grand Mosque. -

Sheikh Mohamed was joined by Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior. -

Sheikh Mohamed during the Eid Al Adha prayers. -

From right to left: Sheikh Saif, Sheikh Issa, Sheikh Mohamed, Sheikh Hamdan, Sheikh Nahyan, Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs and Sheikh Nahyan bin Mubarak, UAE Minister of Tolerance and Coexistence, pray at the tomb of the Founding Father at the Sheikh Zayed Grand Mosque. -

Sheikh Mohamed during the Eid Al Adha prayers. -

From right to left: Sheikh Suroor bin Mohamed, Sheikh Mohamed, Sheikh Hamdan, other sheikhs and senior officials attend Eid Al Adha prayers. -

Sheikh Saif, right, with Sheikh Suroor, second right, during the prayers. -

From left to right: Sheikh Issa, Sheikh Hamdan, Sheikh Mohamed, Sheikh Suroor and Sheikh Saif at the Sheikh Zayed Grand Mosque. -

Sheikh Issa, Sheikh Nahyan and Sheikh Mansour with other sheikhs and senior officials. -

The sheikhs and senior officials attend the prayers.
The specs
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed
Power: 620bhp
Torque: 760Nm
Price: Dh898,000
On sale: now
Results
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5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash
6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami
7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami
7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar
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COMPANY PROFILE
Straightforward ways to reduce sugar in your family's diet
- Ban fruit juice and sodas
- Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
- Give young children plain yoghurt with whole fruits mashed into it
- Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
- Don’t eat dessert every day
- Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
- Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
- Read food labels if you really do feel the need to buy processed food
- Eat everything in moderation
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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
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9. Reduced compliance obligations for imported goods and services
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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.
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The President's Cake
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Rating: 4/5
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Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
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The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
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Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
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Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE

