President Sheikh Khalifa led a chorus of celebrations as the UAE's historic Hope probe began its journey to Mars in the early hours of Monday morning.
A nation rejoiced as a diminutive craft carrying with it the biggest of dreams was propelled out of the Earth's atmosphere on a Japanese H-IIA rocket from Tanegashima Space Centre at 1.58am.
It was the spectacular reward for six years of tireless work carried out by a burgeoning UAE space programme.
The probe is now in the early stages of a 200-day, near 500-million kilometre odyssey through space, with the Red Planet its hotly-anticipated destination.
Once there, it will study Mars' unique weather system, delivering valuable data to support international efforts to one day set foot on its surface.
Sheikh Khalifa praised the talented team who had masterminded the landmark mission.
"With pleasure and great pride, we have followed up on the announcement of the successful launch of the Hope Probe, the idea of which was conceived and developed inside our national research and political institutions," said Sheikh Khalifa.
He paid tribute to those who had spearheaded the remarkable project for displaying "bright minds" and being "highly qualified and trained, loyal, and sincere in their loyalty and allegiance."
Sheikh Khalifa said the success of the Hope probe sent out a clear message on the importance of putting faith in science and harnessing the potential of the nation's youth.
On a momentous moment in the UAE's history, Sheikh Khalifa reflected on the contributions of the country's Founding Father, Sheikh Zayed.
"On this glorious day, we remember the late Sheikh Zayed and his brothers, the Founding Fathers, who laid the solid foundation for a country capable of moving towards the future in confidence and appreciation."
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, hailed the successful start to a long journey to Mars.
"We proudly announce the successful launch of the Hope probe," said Sheikh Mohammed on Twitter.
"The ground control station in Dubai has received the first signal from the probe after its solar panels were successfully deployed to charge its batteries. Our 493 million kilometre journey to the Red Planet starts here."
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, highlighted the role played by young and gifted Emiratis in the momentous mission.
"We watched the successful launch of the Hope probe to Mars with pride and joy, as we embark on a new chapter in space, led by our exceptional youth," Sheikh Mohamed said on Monday.
"Congratulations to the UAE for this historic achievement."
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, also offered warm congratulations as a nervous morning gave way to widespread jubilation.
"Congratulations to the president, may God protect him, to Sheikh Mohamed bin Zayed, to the people of the UAE and to the loyal men and women of the team," said Sheikh Hamdan.
"Congratulations on the successful launching of the first Arab mission to Mars.
"Congratulations on entering history and on the successful journey into the upcoming 50 years.
"I would like to extend my thanks and appreciation to the team.
I salute the men, the heroes, the nation's women, among whom are engineers and achievers."
Burj Khalifa lights up to mark Hope probe launch
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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