Sheikh Mohamed bin Zayed hailed the "remarkable progress" being made at the UAE's first nuclear power plant during a tour of the facility on Thursday.
The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces praised the commitment of the team at the Barakah Nuclear Energy Plant who he said typified the country's "pioneering spirit".
When completed, the plant will have four reactors with total capacity of 5,600 megawatts and will be able to provide up to 25 per cent of the UAE's energy needs.
Sheikh Mohamed reflected on a successful partnership with South Korea to help bring the mega project to fruition.
"Today we witnessed remarkable progress at the Barakah Nuclear Energy Plant," said Sheikh Mohamed on Twitter.
"We are grateful for the, resilience and commitment of the Barakah team who truly represent this country’s pioneering spirit. This project is a source of pride for everyone who calls the UAE home.
"South Korea is a strategic partner of the UAE in many fields, particularly in peaceful nuclear energy. We are thankful and proud of this long-standing relationship that has enabled the exchange of specialized expertise, and contributed to the UAE’s long-term prosperity."
The royal visit comes in a year of encouraging developments for the Arab world's first nuclear power plant.
In February, the UAE's nuclear regulator issued an operating licence for the first reactor at Barakah in a significant step before firing up the atomic power plant.
The licence granted to Nawah Energy Company, the plant's operator, will be for 60 years, Hamad Al Kaabi, deputy chairman of the Federal Authority for Nuclear Regulation, said.
Delivering the project has been a feat of engineering. As many as 18,000 people worked on the project at the height of construction.
Huge amounts of materials were taken to the remote site, about 280 kilometres west of Abu Dhabi.
Once all four reactors are operational, Barakah will have a daily workforce of about 2,500 people, Mr Al Kaabi said, and maintenance workers drafted in every two months.
That includes hundreds of technicians and engineers from the UAE, South Korea and the US.
Fifty-three Emiratis have recently been certified as senior reactor operators and many more will be needed in coming years.
Engineers marked another milestone in March when the first of four reactors was loaded with nuclear fuel, which was regarded as the official start of operations. The reactors will eventually provide up to 25 per cent of the UAE’s energy.
The plant was more than a decade in the making, with the UAE revealing its ambitions to pursue a civilian nuclear energy programme in 2008.
Barakah is not yet feeding power into the electricity grid but that landmark is expected to be completed within the coming months after the first reactor is switched on and gradually powers up.
The operation was completed by a team made up almost entirely of Emirati experts, who trained in South Korea, which has been working with the UAE to build the plant.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
MATCH INFO:
Second Test
Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi
Entrance is free
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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The Orwell Prize for Political Writing
Twelve books were longlisted for The Orwell Prize for Political Writing. The non-fiction works cover various themes from education, gender bias, and the environment to surveillance and political power. Some of the books that made it to the non-fiction longlist include:
- Appeasing Hitler: Chamberlain, Churchill and the Road to War by Tim Bouverie
- Some Kids I Taught and What They Taught Me by Kate Clanchy
- Invisible Women: Exposing Data Bias in a World Designed for Men by Caroline Criado Perez
- Follow Me, Akhi: The Online World of British Muslims by Hussein Kesvani
- Guest House for Young Widows: Among the Women of ISIS by Azadeh Moaveni
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