The UAE has moved into the fast lane of the global space race in recent years after sending its first astronaut to the International Space Station and journeying into the orbit of Mars.
A landmark moon mission is also firmly in the sights of the country's burgeoning space agency, while the UAE also recruited the Arab world's first female astronaut this year.
While space chiefs are looking to the future with huge optimism and anticipation, they are also reflecting on a milestone moment 12 years ago that provided the launchpad for their bold dreams.
On July 29, 2009, the UAE fired its first satellite into the skies. DubaiSat-1, an Earth observation satellite that lifted off from Kazakhstan, went on to play a key role in urban developments from outer space.
It provided government bodies with pictures and data, assisting with projects carried out on Palm Jumeirah and Al Maktoum International Airport.
It also assisted with monitoring environmental patterns and weather changes.
Among the images it transmitted, the satellite, which cost US$50 million (Dh183.6m) to develop, captured imagery for the Emirates Atlas, a physical and online map of the UAE.
Such was its contribution it kept a watching brief over the Emirates and the rest of the world for six years - one year longer than planned.
The success of the UAE's maiden satellite paved the way for the remarkable progress to follow.
In 2018, engineers at the Mohammed bin Rashid Space Centre in Dubai launched their first 100 per cent Emirati-built satellite KhalifaSat.
The Hope probe successfully reached the orbit of Mars in February, as the UAE's space agency joined an elite club of five that have sent a spacecraft to the Red Planet.
In March, Dubai's environment nanosat, DMSat-1, launched into space from Baikonur Cosmodrome in Kazakhstan.
Dubai Municipality and Mohammed bin Rashid Space Centre will use the data it collects to create an air quality map of the UAE.
Built by the University of Toronto’s Space Flight Laboratory, the 15-kilogram small satellite will use three scientific instruments to gather data – a polarimeter imager and two spectrometers.
UAE's mission to Mars
It will take scientific images of the atmosphere over the UAE, helping to measure the location and levels of air pollutants and greenhouse gases. Images will be received days after launch.
Last October it was announced the UAE would build a satellite to be named in honour of Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
MBZ-Sat is expected to be launched in 2023.
It will be put to civilian and commercial uses and will be built by Emirati scientists and engineers.
Hotel Data Cloud profile
Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)
MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
Fighting with My Family
Director: Stephen Merchant
Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell
Four stars
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Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
More from Rashmee Roshan Lall
KILLING OF QASSEM SULEIMANI
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
UAE currency: the story behind the money in your pockets
MATCH INFO
Qalandars 112-4 (10 ovs)
Banton 53 no
Northern Warriors 46 all out (9 ovs)
Kumara 3-10, Garton 3-10, Jordan 2-2, Prasanna 2-7
Qalandars win by six wickets
UAE currency: the story behind the money in your pockets
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
LA LIGA FIXTURES
Thursday (All UAE kick-off times)
Sevilla v Real Betis (midnight)
Friday
Granada v Real Betis (9.30pm)
Valencia v Levante (midnight)
Saturday
Espanyol v Alaves (4pm)
Celta Vigo v Villarreal (7pm)
Leganes v Real Valladolid (9.30pm)
Mallorca v Barcelona (midnight)
Sunday
Atletic Bilbao v Atletico Madrid (4pm)
Real Madrid v Eibar (9.30pm)
Real Sociedad v Osasuna (midnight)
FROM%20THE%20ASHES
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
Coal Black Mornings
Brett Anderson
Little Brown Book Group