The UAE Cabinet on Monday reviewed the latest developments in building the Emirates’ tax system with 520,000 companies now registered for corporate tax and 470,000 for value-added tax.
The meeting was chaired by Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, at Qasr Al Watan in Abu Dhabi. He described the tax system as a “key part of our economic foundation for the future” and said its efficiency “reflects the strength“ of the UAE's “competitive economy“.
He added that the UAE is fifth globally in tax policy efficiency and second globally in combating tax evasion, according to the annual report of the IMD World Institute in Switzerland.
A new legislative map
Sheikh Mohammed also announced the approval of a Legislative Intelligence Office within the Cabinet.
“This office will work on creating a comprehensive legislative plan that brings together all federal and local laws in the UAE, connecting them through artificial intelligence with judicial rulings, executive procedures, and public services,” he wrote in a post on X. “The new system will allow us to track the daily impact of laws on our people and economy using large-scale data, and it will regularly suggest updates to our legislation.”
The Cabinet also approved the launch of the first integrated regulatory intelligence system within the UAE government. This new legislation and laws development system was based on advanced artificial intelligence.
It is hoped the system will accelerate the legislative process by up to 70 per cent, using AI tools to reduce the time and effort required for research, drafting, evaluation, and enactment.
Industrial growth and energy efficiency
Ahead of the Make it in the Emirates Forum, which takes place next month, the Cabinet also reviewed the Ministry of Industry and Advanced Technology's preparations.
Sheikh Mohammed, who is also Vice President, said the UAE’s industrial sector contributes Dh210 billion ($57.17 billion) to national GDP and has grown by 59 per cent in the past four years.
The Cabinet also approved the launch of the Global Alliance for Energy Efficiency, which was announced during Cop28 in Dubai and is intended to double the efficiency of energy used in all sectors by 2030.
The Plant the Emirates campaign was also assessed, Sheikh Mohammed said. As of April 2025, a total of 459,698 trees have been planted. The campaign also successfully distributed 593,246 seedlings and scattered over 6.5 million seeds across natural habitats.
The results of implementing the National Sports Strategy, and the annual report on the risks of money laundering and terrorist financing, were also assessed.
The introduction of new financing mechanisms for the Sheikh Zayed Housing Programme were discussed, with 9,400 approvals worth Dh7.5 billion issued in the past three years.
New projects and international agreements
A restructuring of the Emirates Council for Balanced Development, headed by Sheikh Theyab bin Mohamed, chairman of the Office of Development and Martyrs Families Affairs at the Presidential Court, and chairman of the International Humanitarian and Philanthropic Council, was also approved. The council aims to develop quality projects that ensure balanced development across the Emirates.
The Cabinet also approved 44 international agreements in the economic, developmental and governmental fields, Sheikh Mohammed said. He added that negotiations would start with a further 30 countries after approvals reached on Monday.
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
UAE currency: the story behind the money in your pockets
Series information
Pakistan v Dubai
First Test, Dubai International Stadium
Sun Oct 6 to Thu Oct 11
Second Test, Zayed Stadium, Abu Dhabi
Tue Oct 16 to Sat Oct 20
Play starts at 10am each day
Teams
Pakistan
1 Mohammed Hafeez, 2 Imam-ul-Haq, 3 Azhar Ali, 4 Asad Shafiq, 5 Haris Sohail, 6 Babar Azam, 7 Sarfraz Ahmed, 8 Bilal Asif, 9 Yasir Shah, 10, Mohammed Abbas, 11 Wahab Riaz or Mir Hamza
Australia
1 Usman Khawaja, 2 Aaron Finch, 3 Shaun Marsh, 4 Mitchell Marsh, 5 Travis Head, 6 Marnus Labuschagne, 7 Tim Paine, 8 Mitchell Starc, 9 Peter Siddle, 10 Nathan Lyon, 11 Jon Holland
The%20Super%20Mario%20Bros%20Movie
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Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Persuasion
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How to help
Donate towards food and a flight by transferring money to this registered charity's account.
Account name: Dar Al Ber Society
Account Number: 11 530 734
IBAN: AE 9805 000 000 000 11 530 734
Bank Name: Abu Dhabi Islamic Bank
To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae
SPECS
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Killing of Qassem Suleimani
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5