ABU DHABI // Emiratis in the Western Region are being targeted for training and future employment in the country’s first nuclear power programme.
The Emirates Nuclear Energy Corporation (Enec) is focusing its recruitment efforts and scholarships programmes on such citizens ahead of its 2017 opening.
“Although we do not have a lot of students and employees from the Western Region yet, one of our main targets is to actively recruit from the region,” said Fahad Al Qahtani, the external communications director at Enec.
“We have 260 students in our scholarship programmes, and by the end of 2013 we are hoping to have about 410 students recruited.”
Mr Al Qahtani said Enec was offering a range of exclusive scholarships and career opportunities to train the most talented science students and experienced professionals to become pioneers of the emerging nuclear energy sector.
“A significant number of positions for experienced professionals who are looking for a new and exciting challenge are available at Enec,” he said. “We are trying to spread awareness to recruit from among the Western Region’s students and professionals.”
Mohamed Al Hammadi, the chief executive of Enec, said one of the most important priorities for the corporation was identifying the “very brightest minds”.
“Our scholarship programme is helping to identify and train Emiratis who are seeking a long-term, rewarding career path in an industry that will play a critical role in the continued growth of the UAE,” he said.
Enec’s nationwide outreach began in April with the national Emirates Skills programme, an annual event organised by the Abu Dhabi Centre for Technical and Vocational Education and Training. The programme tours universities, schools and careers fairs across the UAE with a range of competitions, training programmes and technical career activities.
“We are launching an advertising campaign soon on radio and in newspapers, and we have an ongoing roadshow to achieve our recruitment targets,” said Mr Al Qahtani, adding that a national skill base was a critical pillar of Enec’s policies.
“We expect to have more than 2,000 employees by 2020, with a target of 60 per cent Emiratisation.
Emiratis with an interest in science can take advantage of scholarships for the Higher Diploma of Nuclear Technology programme at the Abu Dhabi Polytechnic, as well as both bachelor’s and master’s programmes in chemical, nuclear, mechanical and electrical engineering.
amustafa@thenational.ae
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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Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
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