Regular flights from Israel would bring many tourists to the UAE following the country’s historic peace accord with the country, said a Rabbi who is an expert in Muslim-Jewish relations.
The historic Abraham Accord was announced on Thursday after a phone call between US President Donald Trump, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Israeli Prime Minister Benjamin Netanyahu.
Rabbi Marc Schneier, co-author of Sons of Abraham: a Candid Conversation about the Issues that Divide and Unite Jews and Muslims, regarded as the "definitive text" on Muslim-Jewish relations, said the accord had been widely celebrated in Israel.
Many Israelis had been keen to visit the UAE for some time, he said.
“So many people, even on the streets, have said, rabbi, when do you think we will see the day when we can come visit Dubai and learn more about our neighbours and Arab culture in the Gulf?” said the American.
“You are going to see an awesome multitude of people descending on the Emirates with supreme warmth, affection, respect and admiration for the leadership of the UAE and for what the country represents.”
The UAE agreed to establish diplomatic relations with Israel in exchange for the suspension of Israel's plan to annex a large area of Palestinian territory in the West Bank.
The accord envisages travel between the two countries, trade – including of technology and goods – and co-operation in areas such as food security, climate change and energy, according to a joint statement.
The news was welcomed by the United Nations Secretary General Antonio Guterres; the UN Special Co-ordinator for the Middle East Peace Process, Nikolay Mladenov; and a host of major states, including the UK and France.
Rabbi Schneier, who has been called the Rabbi to the Muslim world, visited the UAE to address the Global Conference of Human Fraternity last year during the Pope's visit.
His efforts to establish greater dialogue between Jews and Muslims stretch back 15 years and he has been visiting the Gulf for the past 13 years. He said he knows many of the leaders in the region personally.
The rabbi said he expects the “remarkable” accord to have a domino effect, which will see other regional countries normalise relations with Israel by the end of the year.
It would also save the two state solution, added the rabbi, who is based in the US.
“This is such a meaningful step on the part of the leadership of the UAE that will have tremendous results, ramifications in the most positive way throughout the region,” said the rabbi.
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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PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now