• Mother-of-four and entrepreneur, Alia Al Banna, says: 'Emirati women are not only important pillars to our society, but also beyond borders, to the world at large'. Photo: RollDXB.
    Mother-of-four and entrepreneur, Alia Al Banna, says: 'Emirati women are not only important pillars to our society, but also beyond borders, to the world at large'. Photo: RollDXB.
  • Noora Al Awar co-founded the architecture and design firm, Studio D04. Photo: Area Beige
    Noora Al Awar co-founded the architecture and design firm, Studio D04. Photo: Area Beige
  • Designer Aysha Al Suwaidi says: 'Having a dedicated day makes me feel empowered, as well as honoured to share this beautiful occasion with Emirati female leaders'. Photo: DIDI
    Designer Aysha Al Suwaidi says: 'Having a dedicated day makes me feel empowered, as well as honoured to share this beautiful occasion with Emirati female leaders'. Photo: DIDI
  • Visual artist, Sara Ahli says Emirati Women's Day is a time to 'celebrate the empowerment, leadership and success of Emirati women'. Photo: Rashid Al Tamimi
    Visual artist, Sara Ahli says Emirati Women's Day is a time to 'celebrate the empowerment, leadership and success of Emirati women'. Photo: Rashid Al Tamimi
  • Writer and poet, Shahd Thani, says: 'The Emirati woman has always had a hand in the nation’s past, present and future.' Photo: Shahd Thani
    Writer and poet, Shahd Thani, says: 'The Emirati woman has always had a hand in the nation’s past, present and future.' Photo: Shahd Thani
  • Interior designer, Khawla Al Balooshi, says: 'Emirati Woman’s Day motivates women to continue giving without stopping, always step forward and be creative'. Photo: Khawla Al Balooshi
    Interior designer, Khawla Al Balooshi, says: 'Emirati Woman’s Day motivates women to continue giving without stopping, always step forward and be creative'. Photo: Khawla Al Balooshi

Emirati Women's Day: meet the female stars raising the UAE to new heights


  • English
  • Arabic

As we head into Emirati Women's Day, The National would like to take a moment to celebrate the inspirational women who form the heart and spine of this great nation.

From the up-and-coming artists and poets to the architects and entrepreneurs, their countless contributions and sacrifices have helped to shape the UAE as it is today.

Any nation that cares for its own people, and those all across the world, as much as the UAE does owes a great debt to its women.

Today, we sit down with some of the UAE's most adventurous spirits, devoted as much to public service as family life, while breaking down barriers and building the ideas of tomorrow.

We find out what Emirati Women's Day means to them.

Alia Al Banna, co-founder, RollDXB

Mother-of-four Alia Al Banna launched the indoor roller-skating park, RollDXB, with her sister, Reem. Photo: RollDXB.
Mother-of-four Alia Al Banna launched the indoor roller-skating park, RollDXB, with her sister, Reem. Photo: RollDXB.

Alia Al Banna has a very clear idea of what it means to be an Emirati woman.

“Being an Emirati, to me, means being brave and having the ability to stand out despite all odds,” she tells The National.

A versatile and multifaceted entrepreneur, the mother of four co-founded the indoor roller-skating park, RollDXB in April last year.

Before then, Al Banna opened an abaya store and designed tailored jewellery for invitation-only clients. The business information technology graduate also led and championed Enoc's Emiratisation programme.

She did all of this while pursuing a passion for competitive sports, including show jumping, fencing, motocross and shooting.

But it was her love for roller-skating that led Al Banna to launch RollDXB, together with her sister Reem.

Although the UAE's skating community has been quietly growing in recent years, now, thanks to RollDXB, it has a permanent home, complete with competitions, dance-offs, themed nights and nostalgia-inducing tunnels.

“We are a society that doesn’t like to boast about our accomplishments, so I am happy Emirati women are celebrated each year," Al Banna says.

“It makes us feel appreciated and offers a platform for our achievements.

"Emirati women are not only important pillars to our society, but also beyond borders, to the world at large.

"As we defy stereotypes, we prove we are more than capable in contributing to a better tomorrow.”

Noora Al Awar, architect and entrepreneur

Noora Al Awar co-founded the architecture and design firm, Studio D04. Photo: Area Beige
Noora Al Awar co-founded the architecture and design firm, Studio D04. Photo: Area Beige

As the co-founder and creative director of Studio D04, a multidisciplinary firm that marries modern architecture and design with the cultural sensibilities of the UAE, Noora Al Awar enjoys a challenge.

While studying architecture at the American University of Sharjah, she met Fatima Al Zaabi, and together they founded their design house in 2014.

Today it is part of Area Beige, a creative platform straddling design, artefacts and perfume.

“It's really great to see other women and what they are doing, and to show the younger generation what they can do," Al Awar tells The National.

"The previous generation paved the way for us, so it's great to have this day to remind everyone of what women are doing and showcase their abilities.”

Reflecting on her success in a male-dominated industry, Al Awar says she was fortunate to grow up surrounded by women who showed her she could achieve anything she set her mind to.

“It was my aunt who has always been out there, career-minded, and because my mother and my aunt have always followed their dreams, I never thought it wasn’t possible," she says.

"I always knew whatever I dreamt, I could do. I always had the mindset that I would create something.”

Ultimately, she says the real power of Emirati Women's Day comes with support for those who grew up in a different environment to hers.

“Not everyone has had the same opportunities as us, and not everyone has the mindset that women can do whatever they want," Al Awar says.

"So setting aside one day to celebrate it makes it a norm of sorts."

Aysha Al Suwaidi, designer

'Having a dedicated day makes me feel empowered, as well as honoured, to share this beautiful occasion with Emirati female leaders,' designer Aysha Al Suwaidi says. Photo: Didi
'Having a dedicated day makes me feel empowered, as well as honoured, to share this beautiful occasion with Emirati female leaders,' designer Aysha Al Suwaidi says. Photo: Didi

After graduating from the Dubai Institute of Design and Innovation this year, it didn't take long for Aysha Al Suwaidi to find her feet.

Her thesis project MiFloof — a tool designed to help children regulate their emotions — and its spin-off, Floof and Friends — an educational flash-card-based game — have already received commercial backing.

“Going into Didi four years ago, my thinking was that the focus of design is mainly aesthetics and how something looks," Al Suwaidi says.

"I learnt along the way that the research, the process and the function are more important. Good design solves problems and that is what I intend to do going forward.

“I am at my happiest and most at peace when I create, and want to pursue design to chase my interests and find user-friendly solutions.”

Floof and Friends is a flash-card-based game for early child development. Photo: Didi
Floof and Friends is a flash-card-based game for early child development. Photo: Didi

Al Suwaidi was born in Dubai, and says she has always had an inclination for creative problem-solving, something for which she credits her innovative father.

“I wouldn’t be successful or the person I am today without the endless love and support I have received from my parents, siblings, close friends and faculty members, and Emirati Women’s Day is a celebration of that support and success," she says.

“I look forward to it every year because I love learning about the accomplishments of my peers and the challenges women have been able to overcome.

"Having a dedicated day makes me feel empowered as well as honoured to share this beautiful occasion with Emirati female leaders, while encouraging the coming generation to always chase their dreams.”

Sara Ahli, visual artist

Visual artist Sara Ahli. Rashid Al Tamimi
Visual artist Sara Ahli. Rashid Al Tamimi

Emirati visual artist Sara Ahli's work has a delicate balance between tension and playfulness.

Having initially studied fashion design at the California College of the Arts in San Francisco, Ahli turned to sculpture after she was chosen for the Sheikha Salama Emerging Artist Fellowship.

“I naturally gravitated towards sculpting because it felt somewhat similar to fashion,” she told The National.

“When it comes to fashion, you’re working with and around the physical body, constructing clothing to be worn on the body.

"With my artwork, it’s about creating from a place of the body first, where it then becomes the subject matter.”

Sarah Ahli moved from design to sculpture after being selected for the Sheikha Salama Emerging Artist Fellowship. Photo: Salama bint Hamdan Al Nahyan Foundation
Sarah Ahli moved from design to sculpture after being selected for the Sheikha Salama Emerging Artist Fellowship. Photo: Salama bint Hamdan Al Nahyan Foundation

Ahli’s work plays with ideas of balancing opposites: scale and space, hard and soft, weight and shape.

Her sculptures recreate recognisable objects from our everyday world — balloons, bricks, rocks and tools — and reframes them in relation to their function and physicality.

“I like the concept of harmonic relationship between opposites," Ahli says.

She says Emirati Women's Day is about paying tribute to the progresss women have made in the UAE and their aspirations for a prosperous future.

"It’s a day to celebrate the empowerment, leadership and success of Emirati women," Ahli says.

Shahd Thani, writer and poet

Writer and poet Shahd Thani recently published her first anthology, 'Fields of Poetry'. Photo: Shahd Thani
Writer and poet Shahd Thani recently published her first anthology, 'Fields of Poetry'. Photo: Shahd Thani

Writer and poet Shahd Thani recently published her first anthology, Fields of Poetry, through Sail publishing and is now working on a novel set in the UAE.

Thani has always loved words. Her father worked for Al Bayan newspaper and once featured her in his column.

When Thani saw her own name in print at the age of 8, she knew that writing poetry and stories was her calling.

“My writing is a reaffirmation of truth when self-doubt prevails,” she says. “I write about the losses in life. I grieve the departed, the losses and the failures. I celebrate my heritage and the wins.”

Her little sisters were her "first audience", listening along as she read out original bedtime stories.

“At school, I was always encouraged to perform poetry and at the University of Sharjah, the English literature department had a reading club where we would perform our poetry,” Thani says.

Apart from her father, who remains her writing mentor, she says the rest of her family are a great source of inspiration for storytelling.

"My mother always read stories to us growing up, from nursery rhymes to stories of the Prophet Mohammed,” Thani says.

“My aunts would also make up stories to tell us. so in so many ways I was saturated with stories.”

Emirati Women's Day, she says, is about celebrating the women who persevere, and come together as a community, to "keep the storms at bay".

"The Emirati woman has always had a hand in the nation’s past, present and future," Thani says.

Khawla Al Balooshi, interior designer

Interior designer Khawla Al Balooshi experiments with ways to make the UAE's local woods more resilient. Photo: Khawla Al Balooshi
Interior designer Khawla Al Balooshi experiments with ways to make the UAE's local woods more resilient. Photo: Khawla Al Balooshi

Khawla Al Balooshi has always been inspired by nature, culture and the nuances of Emirati architecture.

These interests naturally converge through her work as an interior designer, in a unique blend of contemporary and traditional design, crafted with eco-friendly materials.

Al Balooshi says art is a “way to stay healthy” and avoid “negative energy”.

After graduating from the College of Architecture, Art and Design at Ajman University, she joined Tashkeel’s Tanween programme, working with local materials such as rock, seashells and plants.

Al Balooshi also worked on a project in Julphar Pharmaceutical Industries laboratories, to develop materials using heat and chemicals.

“Since I was a design student I always believed that it’s a responsibility for every Emirati to show the culture of this country through their own fields,” she says.

Apart from finding new uses for waste wood, Al Balooshi experimented with ways to make the UAE’s natural woods, ghaf, seder and semer, more resistant to termites, insects and illness.

Ghaf was of particular interest to Al Balooshi because it is “the UAE’s national tree”.

“It is a real survivor in the high temperatures and harsh desert conditions," she says.

"Ghaf is one of the trees that endures long dry seasons, generously providing shelter and shade for humans and wild animals.”

She regards Emirati Women’s Day as a time to celebrate the UAE’s many female designers and artists, and the support they receive from the country’s leadership.

“It’s a moment of pride to be part of a crew that dedicates itself to contributing to the art scene in a country that appreciates human efforts," Al Balooshi says.

“Emirati Woman’s Day motivates women to continue giving without stopping, always step forward and be creative.

"I would like to thank Her Highness Sheikha Fatima bint Mubarak, Mother of the Nation, for being an example of inspirational Emirati women.”

With contributions by Maan Jalal, Hareth Al Bustani, Panna Munyal, Razmig Bedirian and Sarah Maisey.

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The details

Colette

Director: Wash Westmoreland

Starring: Keira Knightley, Dominic West

Our take: 3/5

FIGHT%20CARD
%3Cp%3EAnthony%20Joshua%20v%20Otto%20Wallin%2C%2012%20rounds%2C%20heavyweight%3C%2Fp%3E%0A%3Cp%3EDeontay%20Wilder%20v%20Joseph%20Parker%2C%2012%20rounds%2C%20heavyweight%3C%2Fp%3E%0A%3Cp%3EDmitry%20Bivol%20v%20Lyndon%20Arthur%2C%2012%20rounds%2C%20light%20heavyweight%3C%2Fp%3E%0A%3Cp%3EDaniel%20Dubois%20v%20Jarrell%20Miller%2C%2012%20rounds%2C%20heavyweight%3C%2Fp%3E%0A%3Cp%3EFilip%20Hrgovic%20v%20Mark%20de%20Mori%2C%2012%20rounds%2C%20heavyweight%C2%A0%3C%2Fp%3E%0A%3Cp%3EArslanbek%20Makhmudov%20v%20Agit%20Kabayel%2C%2012%20rounds%2C%20heavyweight%C2%A0%3C%2Fp%3E%0A%3Cp%3EFrank%20Sanchez%20v%20Junior%20Fa%2C%2012%20rounds%2C%20heavyweight%C2%A0%3C%2Fp%3E%0A%3Cp%3EJai%20Opetaia%20v%20Ellis%20Zorro%2C%2012%20rounds%2C%20cruiserweight%3C%2Fp%3E%0A
Mental%20health%20support%20in%20the%20UAE
%3Cp%3E%E2%97%8F%20Estijaba%20helpline%3A%208001717%3Cbr%3E%E2%97%8F%20UAE%20Ministry%20of%20Health%20and%20Prevention%20hotline%3A%20045192519%3Cbr%3E%E2%97%8F%20UAE%20Mental%20health%20support%20line%3A%20800%204673%20(Hope)%3Cbr%3EMore%20information%20at%20hope.hw.gov.ae%3C%2Fp%3E%0A

 

 

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

RESULTS

6pm: Mazrat Al Ruwayah – Group 2 (PA) $40,000 (Dirt) 1,600m
Winner: AF Alajaj, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

6.35pm: Race of Future – Handicap (TB) $80,000 (Turf) 2,410m
Winner: Global Storm, William Buick, Charlie Appleby

7.10pm: UAE 2000 Guineas – Group 3 (TB) $150,000 (D) 1,600m
Winner: Azure Coast, Antonio Fresu, Pavel Vashchenko

7.45pm: Business Bay Challenge – Listed (TB) $100,000 (T) 1,400m
Winner: Storm Damage, Patrick Cosgrave, Saeed bin Suroor

20.20pm: Curlin Stakes – Listed (TB) $100,000 (D) 2,000m
Winner: Appreciated, Fernando Jara, Doug O’Neill

8.55pm: Singspiel Stakes – Group 2 (TB) $180,000 (T) 1,800m
Winner: Lord Glitters, Daniel Tudhope, David O'Meara

9.30pm: Al Shindagha Sprint – Group 3 (TB) $150,000 (D) 1,200m
Winner: Meraas, Antonio Fresu, Musabah Al Muhairi

Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy

Results

2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)

2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash

3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly

3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson

4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer

4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson

5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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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

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

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

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Twin%20electric%20motors%20and%20105kWh%20battery%20pack%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E619hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C015Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3EUp%20to%20561km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ3%20or%20Q4%202022%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh635%2C000%3C%2Fp%3E%0A
Afcon 2019

SEMI-FINALS

Senegal v Tunisia, 8pm

Algeria v Nigeria, 11pm

Matches are live on BeIN Sports

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

If you go

The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Richard Jewell

Director: Clint Eastwood

Stars: Paul Walter Hauser, Sam Rockwell, Brandon Stanley

Two-and-a-half out of five stars 

Gulf rugby

Who’s won what so far in 2018/19

Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain

What’s left

UAE Conference

March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes

March 29, final

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Updated: August 27, 2022, 8:05 AM