Sheikh Mohamed bin Zayed speaks with Yang Jiechi, special representative of the President of China, at Al Shati Palace. Eissa Al Hammadi for the Ministry of Presidential Affairs
Sheikh Mohamed bin Zayed speaks with Yang Jiechi, special representative of the President of China, at Al Shati Palace. Eissa Al Hammadi for the Ministry of Presidential Affairs
Sheikh Mohamed bin Zayed speaks with Yang Jiechi, special representative of the President of China, at Al Shati Palace. Eissa Al Hammadi for the Ministry of Presidential Affairs
Sheikh Mohamed bin Zayed speaks with Yang Jiechi, special representative of the President of China, at Al Shati Palace. Eissa Al Hammadi for the Ministry of Presidential Affairs

Crown Prince of Abu Dhabi meets high-level Chinese official


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The Crown Prince of Abu Dhabi met one of China's most senior officials in the UAE capital on Saturday.

Sheikh Mohamed bin Zayed, Deputy Supreme Commander of the Armed Forces, welcomed Yang Jiechi, special representative of the President of China Xi Jinping, to Al Shati Palace.

Mr Yang serves as a member of the Political Bureau of the Central Committee of the Communist Party of China, and is a former foreign minister and ambassador to the US.

Sheikh Mohamed and Mr Yang were joined by Chinese officials and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, and Khaldoon Al Mubarak, chief executive and managing director of Mubadala Investment Company.

Mr Yang is on a five-day tour of the region to discuss post-pandemic co-operation and trade.

He visited Sri Lanka on Friday, where he spoke of boosting ties with fellow nations under the Belt and Road Initiative.

He also spoke of China's major investment in Columbo and the construction of the capital's Port City, a sprawling economic free zone on reclaimed land that has been described as "new Dubai". Mr Yang will also visit Algeria and Serbia in the coming days.

The Emirates is China’s most important trade partner in the Arab world and responsible for 28 per cent of non-oil trade between China and the region.

The UAE, the Arab world's second-largest economy, is home to thousands of Chinese companies, including many in free zones, and about 200,000 Chinese citizens.

Most recently, the UAE and Chinese drug maker Sinopharm worked together to produce a vaccine for the coronavirus.

Tens of thousands of UAE residents were volunteers in a Phase 3 trial of the Sinopharm vaccine, which has been rolled out in limited numbers and, it is hoped, will soon be ready for broader use.

Sheikh Abdullah bin Zayed and Khaldoon Al Mubarak. Eissa Al Hammadi for the Ministry of Presidential Affairs
Sheikh Abdullah bin Zayed and Khaldoon Al Mubarak. Eissa Al Hammadi for the Ministry of Presidential Affairs
THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

The biog

Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

Results:

Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

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Summer special
Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

If you go

The Flights

Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.

The trip

Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.

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UAE currency: the story behind the money in your pockets
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

Brief scoreline:

Manchester United 2

Rashford 28', Martial 72'

Watford 1

Doucoure 90'

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

J%20Street%20Polling%20Results
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UAE currency: the story behind the money in your pockets
MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

The years Ramadan fell in May

1987

1954

1921

1888

Brief scores:

Newcastle United 1

Perez 23'

Wolverhampton Rovers 2

Jota 17', Doherty 90' 4

Red cards: Yedlin 57'

Man of the Match: Diogo Jota (Wolves)

Match info

Karnataka Tuskers 110-3

J Charles 35, M Pretorius 1-19, Z Khan 0-16

Deccan Gladiators 111-5 in 8.3 overs

K Pollard 45*, S Zadran 2-18

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

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero