US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, DC, after his inauguration as the 46th President of the United States. Reuters
US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, DC, after his inauguration as the 46th President of the United States. Reuters
US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, DC, after his inauguration as the 46th President of the United States. Reuters
US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, DC, after his inauguration as the 46th President of the United States. Reuters

Biden signs wide range of orders, including to rejoin Paris climate accord


Soraya Ebrahimi
  • English
  • Arabic

US President Joe Biden signed executive orders to launch his administration on Wednesday, including a decision to rejoin the Paris climate accord and a mask mandate for all federal buildings.

The orders included keeping the US in the World Health Organisation, ending the ban on entries from mostly Muslim-majority countries, bolstering environmental protection and strengthening the fight against Covid-19.

Also among the directives was a halt on building the wall on the Mexico border and moves to expand diversity and equality for minority groups in the federal government.

The orders were aimed at reversing decisions by Donald Trump and setting a clear policy path for Mr Biden's administration, just hours after he was sworn in as president.

"Some of the things we are going to be doing are going to be bold," he said in the Oval Office.

"We are going to combat climate change in a way we have not done so far."

Mr Biden said that included returning to the Paris agreement, a treaty signed by most nations and the EU in 2015 and put into effect in 2016 to limit global warming.

He said his action on the Covid-19 pandemic, which has claimed 400,000 lives in the US, would help to change its course.

His return to the Paris agreement, which the US joined when Barack Obama was president and Mr Biden was vice president, was praised by other leaders.

"Welcome back," said French President Emmanuel Macron. "We are together. We will be stronger to face the challenges of our time. Stronger to build our future. Stronger to protect our planet."

UN Secretary General Antonio Guterres also welcomed the move, saying it was a big step for the leading producer of global carbon pollution.

"But there is a very long way to go," Mr Guterres said. "We look forward to the leadership of the United States in accelerating global efforts towards net zero" emissions.

He called for ambitious new targets for 2030 and more financing to battle climate change.

Mr Biden's top climate official, John Kerry, praised the move as a boon for "America's credibility and commitment – setting a floor, not a ceiling, for our climate leadership".

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
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UAE currency: the story behind the money in your pockets
The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

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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

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BIG SPENDERS

Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.

Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

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Specs%20
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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

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The specs

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

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