Over the next five years, the UK wants to see 20 million more girls able to read by the age of 10. The UK and Kenya are co-hosting the Global Education Summit in London in July. Getty Images
Over the next five years, the UK wants to see 20 million more girls able to read by the age of 10. The UK and Kenya are co-hosting the Global Education Summit in London in July. Getty Images
Over the next five years, the UK wants to see 20 million more girls able to read by the age of 10. The UK and Kenya are co-hosting the Global Education Summit in London in July. Getty Images
Over the next five years, the UK wants to see 20 million more girls able to read by the age of 10. The UK and Kenya are co-hosting the Global Education Summit in London in July. Getty Images

UK and Kenya launch 100-day countdown to global education summit


Simon Rushton
  • English
  • Arabic

World leaders were on Wednesday urged to encourage millions of girls into education to help transform their lives and boost national economies. With 100 days until the UK and Kenya host the Global Education Summit, the two nations reminded people of the event's bold ambitions. Britain's foreign office and Prime Minister Boris Johnson championed the education of girls as the key to preventing exploitation and unlocking their potential.

“In the next five years, the UK wants to see 40 million more girls in school and 20 million more girls reading by the time they are 10,” the foreign office said in a tweet on Wednesday.

The tweet explained some of the thinking behind the summit and its funding of the Global Partnership for Education.

"A child whose mother can read is 50 per cent more likely to live past the age of five, twice as likely to attend school themselves, and 50 per cent more likely to be immunised," it said. "If every child went to secondary school, infant mortality could be cut in half."

Girls without education are also three times more likely to be married by the time they are 18, while one extra school year can increase a woman's earnings by a fifth.

"Education empowers women to choose if, when and how they have children. If all girls had a secondary education, child pregnancy could fall by 60 per cent," the foreign office said. Kenya has made education a central plank on its road to industrialisation and is breaking down barriers to enrol as many girls as there are boys in schools. "An educated population is a country's most valuable resource," Kenyan President Uhuru Kenyatta said.

"GPE has been a key partner in helping us invest in innovative solutions to get all our children – especially girls – learning."

The Global Education Summit will take place in London on July 28 and 29.

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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Director: Rupert Wyatt

Rating: 3/5

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.

Itcan profile

Founders: Mansour Althani and Abdullah Althani

Based: Business Bay, with offices in Saudi Arabia, Egypt and India

Sector: Technology, digital marketing and e-commerce

Size: 70 employees 

Revenue: On track to make Dh100 million in revenue this year since its 2015 launch

Funding: Self-funded to date