• The UAE is working hard to build a safe digital economy, says Dr Mohamed Al Kuwaiti, head of UAE cybersecurity at the UAE government.
    The UAE is working hard to build a safe digital economy, says Dr Mohamed Al Kuwaiti, head of UAE cybersecurity at the UAE government.
  • Intersec – a global emergency services, security and safety event – is being held at the Dubai World Trade Centre from January 16 to 18. All photos: Antonie Robertson / The National
    Intersec – a global emergency services, security and safety event – is being held at the Dubai World Trade Centre from January 16 to 18. All photos: Antonie Robertson / The National
  • Alex Nicholl, head of the Intersec conference, says this year’s focus is on how to help partners face wide-ranging digital disruptions and shore up their systems against potential vulnerabilities.
    Alex Nicholl, head of the Intersec conference, says this year’s focus is on how to help partners face wide-ranging digital disruptions and shore up their systems against potential vulnerabilities.
  • Ethical hacker Freaky Clown says third parties have become the weakest link exploited by hackers to target critical infrastructure of major corporations and government agencies.
    Ethical hacker Freaky Clown says third parties have become the weakest link exploited by hackers to target critical infrastructure of major corporations and government agencies.
  • The conference is a networking platform for cybersecurity experts from around the world.
    The conference is a networking platform for cybersecurity experts from around the world.
  • CCTV equipment at the Teledyne stand. Teledyne is an American company that focuses on instrumentation, digital imaging, aerospace and defence electronics and engineered systems.
    CCTV equipment at the Teledyne stand. Teledyne is an American company that focuses on instrumentation, digital imaging, aerospace and defence electronics and engineered systems.

UAE shores up cyber defences to thwart hackers


Ahmed Maher
  • English
  • Arabic

The UAE is working hard to build a safe digital economy with highly secure and robust cloud infrastructure, Dr Mohamed Al Kuwaiti, the UAE government's head of cyber security, said.

In an exclusive interview with The National, Dr Al Kuwaiti said the UAE’s key to success is collaboration with several countries to shore up its digital ecosystem and information technology infrastructure.

“We have state-of-the-art advanced cloud ecosystems that allow all businesses at different scales and government enterprises to seamlessly conduct their business here from the UAE,” said Mr Al Kuwaiti on Monday.

One key reason why cyber crime and ransomware attacks, in particular, are rising is that most people just view it as someone else’s problem
Dr Mohamed Al Kuwaiti,
UAE government's head of cyber security

He was speaking on the sidelines of Intersec, a global emergency services, security and safety event that is taking place at the Dubai World Trade Centre. The event started on January 16 and will end on January 18.

“The UAE, like other nations, is going through digital transformations, which increase the dependency on technologies, and there are more and more, which opens a larger threat landscape.

"We are applying the latest cyber security technology and support big or small businesses with top-class experts from the private sector to help them if they are targeted by cyber criminals.”

Mr Al Kuwaiti said Intersec was a great way to explore the latest technology and innovative solutions to complex digital problems and network with cyber security experts from around the world.

“We are providing investors from around the world [with] multiple platforms such as this conference, which helps us to co-operate and work with others to enhance our cyber security, which is not one country’s problem. One key reason why cyber crime and ransomware attacks, in particular, are rising is that most people just view it as someone else’s problem.”

Alex Nicholl, head of the Intersec conference, says this year’s message is how to help various partners face wide-ranging digital disruptions and shore up their systems against potential vulnerabilities. Antonie Robertson / The National
Alex Nicholl, head of the Intersec conference, says this year’s message is how to help various partners face wide-ranging digital disruptions and shore up their systems against potential vulnerabilities. Antonie Robertson / The National

Ransomware has emerged as the biggest threat to cyber security in recent years. It allows criminal hackers to disable an organisation’s computer system and hold its data hostage, demanding a ransom to decrypt it.

There is no accurate data that shows the exact number of such attacks as many of them might have gone unreported, with victims paying the cyber criminals.

Cyber criminals are expected to attack a business, consumer or device every two seconds by 2031, according to New York-based research company Cybersecurity Ventures.

It said ransomware damages cost the world about $20 billion, which is 57 times more than in 2015 at $325 million.

The company predicts ransomware will cost its victims about $265 billion by 2031.

Alex Nicholl, head of the Intersec conference, said this year’s message is how to help various partners face wide-ranging digital disruptions and shore up their systems against potential vulnerabilities.

“We have been holding Intersec for 23 years and this is the first year we put a real emphasis on cyber security. We are providing a platform that brings together a diverse group of experts from the public and private cyber security sectors, cyber economists and ethical hackers," Mr Nicholl told The National

"We have also partnered, for the first time, with the UAE Cyber Security Council and plan to reinforce this partnership.”

The supply chain attacks

When hackers leave a message on a computer about how to contact them to decrypt locked data, one has little choice unless they have a solid backup system, said Mr Al Kuwaiti, who holds a doctorate in computer engineering and network security from George Washington University.

“If you have a solid backup system of your data, along with a cyber security framework and cyber security posters, then you do not need to negotiate with those ransomware criminals,” he said, noting that most of the cyber attacks in the UAE fall under the fraud, impersonation and data-theft categories.

Ethical hacker Freaky Clown says third parties have become the weakest link exploited by hackers to attack the critical infrastructure of major corporations and government agencies. Antonie Robertson / The National
Ethical hacker Freaky Clown says third parties have become the weakest link exploited by hackers to attack the critical infrastructure of major corporations and government agencies. Antonie Robertson / The National

“A company has to run a risk assessment, as well to figure out the cost of losing such data against the ransom money. It depends on the decision by the board members of this or that company at the end of the day. The recommendation is not to negotiate and it is not mandatory,” he said.

“The cyber attacks increased by at least 200 per cent last year, compared to 2020, in the UAE and are topped by ransomware, email phishing, ddos [denial of service] and impersonation."

Experts who track the actions of cyber criminal gangs and analyse hacking techniques said third parties have become the weakest link exploited by hackers to target critical infrastructure of major corporations and government agencies.

"We call it supply chain attacks,” ethical hacker Freaky Clown, one of the key speakers at Intersec, told The National.

“Criminals are aware that the big companies and entities have great defences. It is a great cause for concern because the ripple effects that can be triggered by a single attack, in particular, can comprise the cyber security of others in the supply chain.”

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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

AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

UAE currency: the story behind the money in your pockets
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Ticket prices

General admission Dh295 (under-three free)

Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

 

 

Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EGlobal%20Islamic%20economy%20to%20grow%203.1%25%20to%20touch%20%242.4%20trillion%20by%202024%3C%2Fa%3E%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fuk-economy-plunges-into-worst-ever-recession-after-record-20-4-contraction-1.1062560%22%20target%3D%22_self%22%3EUK%20economy%20plunges%20into%20worst-ever%20recession%20after%20record%2020.4%25%20contraction%3C%2Fa%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EIslamic%20economy%20consumer%20spending%20to%20increase%2045%25%20to%20%243.2tn%20by%202024%3C%2Fa%3E%3C%2Fp%3E%0A
The%20trailblazers
%3Cp%3ESixteen%20boys%20and%2015%20girls%20have%20gone%20on%20from%20Go-Pro%20Academy%20in%20Dubai%20to%20either%20professional%20contracts%20abroad%20or%20scholarships%20in%20the%20United%20States.%20Here%20are%20two%20of%20the%20most%20prominent.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EGeorgia%20Gibson%20(Newcastle%20United)%3C%2Fstrong%3E%0D%3Cbr%3EThe%20reason%20the%20academy%20in%20Dubai%20first%20set%20up%20a%20girls%E2%80%99%20programme%20was%20to%20help%20Gibson%20reach%20her%20potential.%20Now%20she%20plays%20professionally%20for%20Newcastle%20United%20in%20the%20UK.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMackenzie%20Hunt%20(Everton)%3C%2Fstrong%3E%0D%3Cbr%3EAttended%20DESS%20in%20Dubai%2C%20before%20heading%20to%20the%20UK%20to%20join%20Everton%20full%20time%20as%20a%20teenager.%20He%20was%20on%20the%20bench%20for%20the%20first%20team%20as%20recently%20as%20their%20fixture%20against%20Brighton%20on%20February%2024.%0D%3C%2Fp%3E%0A
The team

Videographer: Jear Velasquez 

Photography: Romeo Perez 

Fashion director: Sarah Maisey 

Make-up: Gulum Erzincan at Art Factory 

Models: Meti and Clinton at MMG 

Video assistant: Zanong Maget 

Social media: Fatima Al Mahmoud  

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

UAE currency: the story behind the money in your pockets
What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

How it works

1) The liquid nanoclay is a mixture of water and clay that aims to convert desert land to fertile ground

2) Instead of water draining straight through the sand, it apparently helps the soil retain water

3) One application is said to last five years

4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare 

If you go

The flights

Etihad and Emirates fly direct from the UAE to Chicago from Dh5,215 return including taxes.

The hotels

Recommended hotels include the Intercontinental Chicago Magnificent Mile, located in an iconic skyscraper complete with a 1929 Olympic-size swimming pool from US$299 (Dh1,100) per night including taxes, and the Omni Chicago Hotel, an excellent value downtown address with elegant art deco furnishings and an excellent in-house restaurant. Rooms from US$239 (Dh877) per night including taxes. 

Naga
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Updated: January 18, 2022, 3:52 PM