An Expo 2020 Dubai chief praised the "indomitable spirit" of the event's international community and vowed the UAE would deliver a world class spectacle next year.
Reem Al Hashimy, Minister of State for International Co-operation and director general of Expo 2020 Dubai Bureau, admitted the Covid-19 pandemic had tested the relationships of countries across the globe.
But she said the first ever hosting of the Expo in the Middle East would be a celebration of collaboration and bring the world together amid challenging circumstances.
Expo 2020 Dubai was set to be held this October before the wide-ranging impact of coronavirus forced it to be postponed until next year.
Expo 2020 Dubai will play a key role as an event that will bring together the global community
Senior government officials and heads of companies said lessons would be shared on coping with the health crises and the resultant global economic upheaval.
“We firmly believe we will see huge advances in preventive interventions and medical treatments in coming months,” said Reem Al Hashimy on Thursday, at the end of a four-day International Participants Meeting for the Expo event held online.
“I assure you that the UAE is absolutely ready to deliver a world class event whatever the size of our physical and online audience.
“After all see how far we have come in the few months since Covid-19 became recognised as a global pandemic.
“That is why for now we are sticking with our expectation of 25 million visits because the world will be very different in just a few months let alone the next 13 months we have until event time.”
Organisers are confident of the appetite of visitors to travel and be part of Dubai Expo once the pandemic eases next year.
“Covid 19 has truly tested the strength of relationships between countries and communities near and far,” said Ms Al Hashimy, director general of Expo 2020 Dubai Bureau.
“What I have witnessed personally, within our own Expo community is an indomitable spirit committed to collaboration.”
Expo organisers assured participants of reduced charges including a 15-month cap on electricity connection fees following the one-year postponement to next October.
Participants’ requests to lower telecommunication and event permits were met.
“In light of the postponement you have asked us to review current fees including your utility connection charges. We have coordinated with the Dubai Electricity and Water Authority to ensure a 15-month cap on your electricity connection fees. This is the latest in a series of concessions and relaxations that we have delivered in order to reduce costs,” Ms Al Hashimy said.
“From telecommunication packages with our partner Etisalat to ... costs related to event permits, we are going above and beyond because we know you have gone above and beyond as well.”
With more than 190 countries participating, pavilion construction is expected to be completed by December.
Countries discussed various scenarios including more virtual offerings.
Paolo Glisenti, commissioner general for Italy at the Expo, said it would be a “historic milestone as a new model for global events.”
He said it would “allow participation in person and remotely with the Expo site and the national pavilions, so that we can welcome visitors and at the same time broadcast in real time to reach millions of people around the globe.”
Countries would also have the chance to showcase plans for recovery.
“As the world emerges from the Covid-19 pandemic, we need to ensure that our plans for recovery aim to create a future with stronger safeguards against pandemics, more climate action, less inequality,” said Maher Nasser, commissioner general of the UN at the Expo 2020.
Lee Yoong Yoong, commissioner general of ASEAN or the Association of Southeast Asian Nations at Expo, said it was only through “collective determination and joint action that we can overcome this crisis successfully.”
Harnessing limited resources would be essential content for country pavilions.
“In the light of Covid-19, securing water, energy and food has become even more challenging,” said Hans Sandee, consul general of Netherlands to Dubai.
“We believe that the challenges of today demand close collaboration between governments, business communities and knowledge institutions to develop sustainable solutions.”
Others said people-to-people links were critical as borders shut down to contain the pandemic.
“More than ever, with lockdown measures highlighting the significance of interaction and intellectual exchange, Expo 2020 Dubai will play a key role as an event that will bring together the global community,” said Dietmar Schmitz, commissioner general of Germany for the Expo.
Justin McGowan, commissioner general of Australia at Expo, said his country’s participation was more relevant than ever.
“The Covid-19 crisis has impacted the way of life in Australia and around the world, affecting communities, businesses, and industries. The crisis has also had a profound impact on the global economy,” he said.
“Expo 2020 presents a unique opportunity for all of us to play a key role in promoting global social and economic recovery, so we can all emerge stronger on the other side.”
Erik Linquier, commissioner general of France at Expo 2020 Dubai said the theme of 'Connecting Minds, Creating the Future' was key.
“Given the current major health crisis, this theme is no longer a suggestion, but a priority,” he said.
“The goal of a World Expo is to raise awareness and work towards solving the greatest challenges we face today.”
Nations planned to brainstorm and implement concrete solutions.
“As the pandemic continues to present new challenges, the next World Expo is a collaborative global initiative,” said BB Swain, commissioner general of India at Expo 2020 Dubai.
"As we say in India, vasudhaiva kutumbakam, which means, 'the world is one family'. Expo 2020 is a unique opportunity to bring the global family together."
Fahad bin Abdullah Al Yabis, commissioner general of Saudi Arabia at the expo said the pavilion symbolized the people’s spirit.
“Expo 2020 Dubai offers an exceptional opportunity to tell the world about our hopes, dreams and aspirations,” he said.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Is it worth it? We put cheesecake frap to the test.
The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?
My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.
The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.
So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
From Conquest to Deportation
Jeronim Perovic, Hurst
PRO BASH
Thursday’s fixtures
6pm: Hyderabad Nawabs v Pakhtoon Warriors
10pm: Lahore Sikandars v Pakhtoon Blasters
Teams
Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.
Squad rules
All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.
Tournament rules
The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.
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
Company%20profile
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
The biog
Name: Timothy Husband
Nationality: New Zealand
Education: Degree in zoology at The University of Sydney
Favourite book: Lemurs of Madagascar by Russell A Mittermeier
Favourite music: Billy Joel
Weekends and holidays: Talking about animals or visiting his farm in Australia
UAE currency: the story behind the money in your pockets
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CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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Singapore
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8.
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Australia
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Saudi Arabia
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10.
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South Korea
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