Sheikh Mohammed bin Rashid launches orphan initiative


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DUBAI // Sheikh Mohammed bin Rashid launched the UAE Initiative for Connection with Orphans and Minors on Friday and asked the public to care for orphans and volunteer in the programme.

The Vice President, Prime Minister and Ruler of Dubai announced the initiative via his Twitter account.

“We have launched today, with the grace of Allah, a community voluntary initiative for the care and support of orphans and minors in the UAE,” he said.

The initiative involves volunteers giving their time to orphaned minors. Young Emiratis can establish fraternal ties with the orphans and provide guidance and good advice, take care of the children for a certain number of class hours, or set up common interest groups to engage orphans in activities such as swimming and biking.

Families wishing to take part can regularly host an orphan for half a day to provide them with a friendly, family atmosphere, or a group of families can meet a group of orphans at public places, or fathers and mothers can volunteer to be guardians of orphans.

Sheikh Mohammed also said that elderly people can contribute by connecting with orphans at care homes or act as grandparents to the children.

“Our Emirati society is a global model of compassion and cohesion between all segments,” he said.

“This stems from our commitment to the tolerance of Islam, which encourages us to show mutual compassion to our national and Arab traditions. We want all members of the Emirati society to be part of the ongoing process of building the country. That is why we are always keen to extend support to all segments, including orphans and minors.

“The Holy Month of Ramadan is an opportunity for all of us to contribute a small part of our time to cater to the needs of orphans and minors and boost their role as an effective segment in our progress.

“I am confident that the people of the UAE will work as one team to build a global model in caring for orphans and minors.”

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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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1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

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Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

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Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4