• Suhail Al Mazrouei, the current Minister of Energy, who oversees oil production among other areas, was made Minister of Energy and Infrastructure. The Ministry of Infrastructure was merged into his new department. Victor Besa / The National
    Suhail Al Mazrouei, the current Minister of Energy, who oversees oil production among other areas, was made Minister of Energy and Infrastructure. The Ministry of Infrastructure was merged into his new department. Victor Besa / The National
  • Noura Al Kaabi was made Minister of Culture and Youth, with Shamma Al Mazrui serving as Minister of State for Youth. Courtesy: Ministry of Culture and Youth
    Noura Al Kaabi was made Minister of Culture and Youth, with Shamma Al Mazrui serving as Minister of State for Youth. Courtesy: Ministry of Culture and Youth
  • Dr Sultan Al Jaber was made Minister of Industry and Advanced Technology. He was a Minister of State in the previous Cabinet. Victor Besa / The National
    Dr Sultan Al Jaber was made Minister of Industry and Advanced Technology. He was a Minister of State in the previous Cabinet. Victor Besa / The National
  • Dr Thani Al Zeyoudi was made Minister of State for Foreign Trade, and is one of three ministers to serve in the Ministry of Economy. He was Minister of Environment in the previous Cabinet. Victor Besa/The National
    Dr Thani Al Zeyoudi was made Minister of State for Foreign Trade, and is one of three ministers to serve in the Ministry of Economy. He was Minister of Environment in the previous Cabinet. Victor Besa/The National
  • Ahmad Al Falasi was made Minister of State for Business and SMEs, serving in the Ministry of Economy. He was previously Minister of Higher Education and Advanced Skills, which is responsible for universities and other training centres. Courtesy: Dubai Media Office
    Ahmad Al Falasi was made Minister of State for Business and SMEs, serving in the Ministry of Economy. He was previously Minister of Higher Education and Advanced Skills, which is responsible for universities and other training centres. Courtesy: Dubai Media Office
  • Sarah Al Amiri was made as President of the UAE Space Agency. Ms Al Amiri, who was Minister of State for Advanced Sciences in the previous Cabinet, is a computer science graduate who worked on satellites before entering government. She steps into the job as the country prepares to launch the Mars Hope space probe on July 15
    Sarah Al Amiri was made as President of the UAE Space Agency. Ms Al Amiri, who was Minister of State for Advanced Sciences in the previous Cabinet, is a computer science graduate who worked on satellites before entering government. She steps into the job as the country prepares to launch the Mars Hope space probe on July 15
  • Saeed Al Attar was appointed head of all government communications. He was previously director general of the Office of Public Diplomacy
    Saeed Al Attar was appointed head of all government communications. He was previously director general of the Office of Public Diplomacy
  • Mohamed Hamad Al Kuwaiti was made head of cyber security. He was previously executive director of the National Electronic Security Authority
    Mohamed Hamad Al Kuwaiti was made head of cyber security. He was previously executive director of the National Electronic Security Authority
  • Huda Al Hashimi was appointed as head of government strategy and innovation. She has worked in the Prime Minister’s Office and the Ministry of Cabinet Affairs and The Future, planning and executing major projects including UAE Vision 2021
    Huda Al Hashimi was appointed as head of government strategy and innovation. She has worked in the Prime Minister’s Office and the Ministry of Cabinet Affairs and The Future, planning and executing major projects including UAE Vision 2021
  • Abdullah Al Nuaimi was made Minister of Climate Change and Environment, with special focus on working with farmers to boost local food production. He is a mechanical engineer by training, with a degree from University of Wisconsin–Madison, and was Minister of Infrastructure Development between 2013 and 2020
    Abdullah Al Nuaimi was made Minister of Climate Change and Environment, with special focus on working with farmers to boost local food production. He is a mechanical engineer by training, with a degree from University of Wisconsin–Madison, and was Minister of Infrastructure Development between 2013 and 2020
  • Shamma Al Mazrui, one of the youngest members of the Cabinet, will serve as Minister of State for Youth in the Ministry of Culture and Youth
    Shamma Al Mazrui, one of the youngest members of the Cabinet, will serve as Minister of State for Youth in the Ministry of Culture and Youth
  • Ahmed Majed Al Badawi was made Assistant Secretary-General to the Cabinet
    Ahmed Majed Al Badawi was made Assistant Secretary-General to the Cabinet
  • Mohammed Sultan Al Obaidly was made Head of Legal Affairs in the UAE Government. He served as Assistant Secretary General to the Cabinet since 2007, after briefing working as a private lawyer in Dubai. He began his career at the Ministry of Labour in 1988, resolving disputes and labour complaints
    Mohammed Sultan Al Obaidly was made Head of Legal Affairs in the UAE Government. He served as Assistant Secretary General to the Cabinet since 2007, after briefing working as a private lawyer in Dubai. He began his career at the Ministry of Labour in 1988, resolving disputes and labour complaints
  • Hamad Al Mansoori was made Head of Digital Government. He was previously head of the telecoms regulator TRA
    Hamad Al Mansoori was made Head of Digital Government. He was previously head of the telecoms regulator TRA
  • Ahmed Juma Al Zaabi was reconfirmed as Minister of the Federal Supreme Council at the Ministry of Presidential Affairs
    Ahmed Juma Al Zaabi was reconfirmed as Minister of the Federal Supreme Council at the Ministry of Presidential Affairs
  • Sheikh Nahyan bin Mubarak was reconfirmed as Minister of Tolerance
    Sheikh Nahyan bin Mubarak was reconfirmed as Minister of Tolerance

Senior UAE ministers welcome major Cabinet reshuffle


Haneen Dajani
  • English
  • Arabic

Senior UAE ministers have welcomed a major restructuring of government portfolios as the country seeks to streamline its decision-making.

Officials said the reshuffle, announced on Sunday, was intended to create a more collaborative and flexible approach to implementing its agenda.

The move comes as the government seeks to step up efforts to revitalise key sectors of the economy following disruptions caused by the coronavirus pandemic.

Ministers said the changes provided them with a “clear mandate” on how to move forward, help to drive efficiency and promote growth.

Noura Al Kaabi, who worked as the Minister of Culture and Knowledge Development, has now become Minister of Culture and Youth.

We can work more together as a federal system. There is more of a clear mandate.

Meanwhile, existing Minister of State for Youth, Shamma Al Mazrui, will continue in her present role – working in close collaboration with Ms Al Kaabi.

Ms Al Kaabi also becomes responsible for the country’s National Media Council, a body which works to develop the UAE’s media sector.

“Since Covid-19 hit there has been more clarity in terms of what we do,” said Ms Al Kaabi.

“It has shifted to a different kind of gear that focuses on how we can work more together as a federal system. There is more of a clear mandate.

“Youth and the media complement what we do as a ministry. I’ll be working closely with her Excellency Shamma Al Mazrui.

“Our job is to enable the sector and strengthen it with policies that will make it thrive. The merger will solidify an already existing co-operation and give it a stronger base.”

Abdulla Al Nuaimi, who took over as Minister of Infrastructure Development in 2016, has been made Minister of Climate Change and Environment, leading the country’s charge towards a greener economy.

Mr Al Nuaimi described the restructuring as an important and decisive move towards creating a more “unified” government.

He said the changes would create greater flexibility in helping tackle key issues now facing the nation.

“The government in the UAE today is one bundle,” he said. “So when a minister is handed the portfolio of another ministry, it is like he is stepping from the living room to another room of the same unified house and this illustrates the desired flexibility.

“So far I have achieved what I could in [terms of] infrastructure and housing. Maybe the government saw that [I had the] flexibility and agility to manage the ministry of Climate Change and Environment.”

Among the changes made under the reshuffle are:

- Fifty per cent of government service centres will become digital portals within two years;

- The establishment of a Ministry of Industry and Advanced Technology, led by Dr Sultan Al Jaber;

- Merging the Ministry of Energy and Industry and the Ministry of Infrastructure Development to become the Ministry of Energy and Infrastructure, led by Suhail Al Mazrouei;

- The Ministry of Economy will have three senior ministers – Abdulla bin Touq as Minister of Economy, Ahmad Al Falasi as Minister of State for Business and SMEs, and Dr Thani Al Zeyoudi as Minister of State for Foreign Trade;

- A new Ministry of Culture and Youth will be led by Noura Al Kaabi as Minister of Culture and Youth, and Shamma Al Mazrui as Minister of State for Youth;

- The Federal Water and Electricity Authority, Emirates Post, Emirates Transport and Emirates Real Estate Corp are now attached to the Emirates Investment Authority;

- Ohoud Al Roumi is made Minister of State for Government Development and the Future. Her previous duties on quality of life and happiness as Minister of State for Happiness will move to the Ministry of Community Development;

- Omar Al Olama will become Minister of State for Digital Economy and Artificial Intelligence, overseeing strategies to develop work-from-home;

- Hamad Al Mansoori is appointed as Head of Government Digital Services, with a mission to create one portal for all services. He was chief of the Telecommunications Regulatory Authority earlier;

- The National Media Council will come under the Ministry of Culture and Youth. State news agency Wam will function under the Ministry of Presidential Affairs.

Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

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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
MATCH INFO

Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

THE TWIN BIO

Their favourite city: Dubai

Their favourite food: Khaleeji

Their favourite past-time : walking on the beach

Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

 

 

RESULTS

1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m

Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)

2pm Handicap (TB) Dh 84,000 (D) 1,400m

Winner Karaginsky, Tadhg O’Shea, Satish Seemar.

2.30pm Maiden (TB) Dh 60,000 (D) 1,200m

Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.

3pm Conditions (TB) Dh 100,000 (D) 1,950m

Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.

3.30pm Handicap (TB) Dh 76,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

4pm Maiden (TB) Dh 60,000 (D) 1,600m

Winner Bladesmith, Tadhg O’Shea, Satish Seemar.

4.30pm Handicap (TB) Dh 68,000 (D) 1,000m

Winner Shanaghai City, Fabrice Veron, Rashed Bouresly.

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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 

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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