Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Tuesday announced the establishment of a new 250-bed cancer hospital for Dubai named after his late brother, Sheikh Hamdan bin Rashid.
He said the Hamdan bin Rashid Cancer Charity Hospital would have the capacity to treat up to 30,000 people a year.
Sheikh Mohammed said the facility would act as a fitting tribute to Sheikh Hamdan, the Deputy Ruler of Dubai and Minister of Finance, who died last month following a period of poor health.
The Al Jalila Foundation will oversee the development of the country's first charity hospital, which will offer free treatment to the needy.
"Today, we announce plans to establish the Hamdan bin Rashid Cancer Charity Hospital to provide free cancer care for people in need," Sheikh Mohammed wrote on Twitter. "Spanning 50,000 square meters, the 250-bed capacity hospital will treat 30,000 patients a year.
"Hamdan bin Rashid was known for his humility and selfless giving that touched millions of lives. His devotion to education, healthcare and orphans continued throughout his lifetime, and the impact of his work is still seen in every corner in Dubai. His demise left a void.”
The hospital is expected to open in 2023.
"His name will remain and immortal, God willing, in the record of the benefactors."
The seven-storey hospital will be equipped with the latest healthcare technology to aid patients.
A total of 150 beds will be created in the first phase of the project, before capacity is eventually expanded to 250 beds.
Sheikh Ahmed bin Saeed Al Maktoum, chairman of the board of trustees of Al Jalila Foundation, said the cancer hospital will pay homage to the values of the Emirates as it celebrates its first 50 years.
"As the UAE prepares for its Golden Jubilee and the next 50 years, there is no greater priority than good healthcare and the Al Jalila Foundation aims to play its part in providing medical excellence in the UAE – especially for the most vulnerable in society," he said.
"The Hamdan bin Rashid Cancer Charity Hospital will bring together innovative expertise, advanced medical technologies and wellbeing strategies to propel the UAE's vision forward to become a leader in cancer care."
Sheikh Hamdan was one of the cornerstones of the UAE's rapid development over the past 50 years.
He was appointed as Minister of Finance in the Cabinet under Sheikh Zayed, the Founding Father, after the formation of the country in December 1971 and held the post until his death.
He was in his mid-70s.
Sheikh Mohammed paid warm tribute to his brother following his death.
In a touching poem, he spoke of a man of "wisdom" and "courage", who offered him "endless support".
Sheikh Hamdan bin Rashid – in pictures
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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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
RESULTS
5pm: Maiden | Dh80,000 | 1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Handicap | Dh80,000 | 1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel
6pm: Handicap | Dh80,000 | 2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle
6.30pm: Handicap | Dh85,000 | 2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel
7pm: Shadwell Farm for Private Owners Handicap | Dh70,000 | 2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi
7.30pm: Handicap (TB) | Dh100,000 | 1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly
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Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
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