Sheikh Mohammed bin Rashid hosts a question-and-answer session during the summit. Sarah Dea / The National
Sheikh Mohammed bin Rashid hosts a question-and-answer session during the summit. Sarah Dea / The National
Sheikh Mohammed bin Rashid hosts a question-and-answer session during the summit. Sarah Dea / The National
Sheikh Mohammed bin Rashid hosts a question-and-answer session during the summit. Sarah Dea / The National

'Impossible not in UAE's dictionary' Sheikh Mohammed tells summit


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DUBAI // Sheikh Mohammed bin Rashid opened a groundbreaking summit on governance today by stressing the importance of service to the community and striving for excellence.

"We want the world to benefit from our experience as we aim to become one of the world's best governments," he told 2,500 officials and foreign dignitaries at the two-day Government Summit in Dubai.  "Our aim is to guarantee prosperity for our people, create jobs and open new doors for opportunity."

In a two-and-a-half-hour speech and question-and-answer session, Sheikh Mohammed, the Prime Minister and Ruler of Dubai, outlined his plans for improving government services, guaranteeing the prosperity of the UAE and recognising the changing dynamics of the region and the world.

His aspiration, he said, was for his nation to be "number one" because of his desire and ambition for all Emiratis to share this vision.

"Becoming number one is not impossible – the word impossible doesn't exist in our dictionary," he said.

"Authority is to serve the people, not control them. Our forefathers wanted to improve the quality of life for us."

Sheikh Mohammed said the priorities of Sheikh Khalifa, the President, were "the Emirati citizen first, second and third. I am confident of our ability to be the best government globally as per our Vision 2021."

The Prime Minister responded to more than 30 questions from citizens, residents and journalists at a session in which he shared his future plans, private thoughts and vision for the nation.

He said the Government's objective was to make its citizens happy. "To raise the happiness level of the citizens you have to provide them with adequate education, health care, rule of law and great government services," he said.

Sheikh Mohammed said the future of the UAE was best summed up in three words: enabling, educating and Emiratisation.

The future of government services was for any citizen to be able to complete any government transaction through a handheld device.

"I want the Government to be like hotels offering hospitality and like airlines operating 24 hours," he said. "Our role is not govern to rule the people but govern to serve the people."

Employees should be given more powers to develop, he said. "Give them the power and right to work, show them they are capable. Provide awards for the hard workers, and show them what competition is like. They will then be passionate, they will want to do more and others will surely follow."

Sheikh Mohammed said that what had happened during the Arab Spring had been inevitable. "In 2004 I held a lecture at the Gulf University in Bahrain where I warned Arab leaders that they should change their ways otherwise they risk being changed. I did not predict the future but all the indicators showed that.

"I do not want to judge the previous Arab rulers or the current ones, all I hope for is that the Arab world and Arab countries prosper."

Sheikh Mohammed also stressed the role of Emirati women. "Everyone plays a role in society. Seventy per cent of graduates are women, 65 per cent of women are part of the government, and 30 per cent are leaders already.

"Women work hard and achieve more, they have a brighter future. We have plans for women, and the men should watch out, for the women will take their positions."

He also responded to claims that the UAE had gained economically from the Arab Spring. "The UAE did not gain economically from the Arab Spring and the answer is in the proof," he said.

"Our top ten countries strategically do not include a single Arab country where we have our highest income, it is true Dh30 billion came in from Arab Spring countries but the UAE has spent two or three times this amount in them before the unrest, and would spend even more now if the situation were stable," he said.

Speaking about dealing with risk, he said: "Every project is risky.Should we stop?

"Life's steps are filled with challenges, without them we will be lazy. How will we strengthen the economy if we stop? The challenges will always be there, but if you have a goal you will know how to get to it."

amustafa@thenational.ae

aalkhoori@thenational.ae

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

SQUADS

UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh

Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

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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