• Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces meets with The Rt Hon Anne-Marie Trevelyan, Secretary of State for International Trade. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces meets with The Rt Hon Anne-Marie Trevelyan, Secretary of State for International Trade. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed meets with Alok Sharma, COP26 President. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed meets with Alok Sharma, COP26 President. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed with UK Prime Minister Boris Johnson, at 10 Downing Street. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed with UK Prime Minister Boris Johnson, at 10 Downing Street. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson held wide-ranging talks in London. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson held wide-ranging talks in London. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson announced the launch of a Partnership for the Future between the UAE and the UK. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson announced the launch of a Partnership for the Future between the UAE and the UK. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed at a military guard of honour before attending a UK-UAE business reception. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed at a military guard of honour before attending a UK-UAE business reception. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson wear EXPO 2020 wristbands during a reception at 10 Downing Street. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson wear EXPO 2020 wristbands during a reception at 10 Downing Street. Ministry of Presidential Affairs
  • Boris Johnson and Sheikh Mohamed bin Zayed in front of an audience of businessmen, bankers and senior politicians at Downing Street. Ministry of Presidential Affairs
    Boris Johnson and Sheikh Mohamed bin Zayed in front of an audience of businessmen, bankers and senior politicians at Downing Street. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson witness the signing of key agreements between the UAE and the UK. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson witness the signing of key agreements between the UAE and the UK. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed arrives to a reception hosted by Prime Minister Boris Johnson at 10 Downing Street. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed arrives to a reception hosted by Prime Minister Boris Johnson at 10 Downing Street. Ministry of Presidential Affairs
  • Boris Johnson thanked the UAE for its role in facilitating evacuations from Afghanistan after the Taliban took control of the country. Ministry of Presidential Affairs
    Boris Johnson thanked the UAE for its role in facilitating evacuations from Afghanistan after the Taliban took control of the country. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed reviews a military guard of honour at Horse Guards Parade shortly after his arrival in London. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed reviews a military guard of honour at Horse Guards Parade shortly after his arrival in London. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed was given a guard of honour shortly after his arrival in London on an official visit to the UK. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed was given a guard of honour shortly after his arrival in London on an official visit to the UK. Ministry of Presidential Affairs

A partnership for the future as Sheikh Mohamed bin Zayed visits London


Thomas Harding
  • English
  • Arabic

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, carried out an official visit to the UK on Thursday to launch a new era in ties between the two countries.

UK Prime Minister Boris Johnson hosted Sheikh Mohamed at 10 Downing Street in central London for a wide-ranging discussion and launch of a Partnership for the Future between the two nations.

"The Prime Minister congratulated the United Arab Emirates on the fiftieth anniversary of its founding in 1971," a joint communique from the meeting declared.

During the visit they went to nearby Horse Guards Parade to review a military guard of honour before attending a UK-UAE business reception and a lunch.

Sheikh Mohamed looked forward to another half century of close relations with the UK.

"One of the most important aspects of our developmental projects for the next 50 years is promoting developmental partnerships with various countries of the world, especially with the UK," said Sheikh Mohamed.

The UAE and the UK have agreed to establish a "Partnership for the Future" based on two main pillars: driving sustainable prosperity and addressing global issues.

The UAE’s Minister of Foreign Affairs and International Co-operation and the UK’s Foreign Secretary will co-chair an annual strategic dialogue to review and drive progress, and promote multilateralism.

The two countries said they would work closely together during the UAE's 2022-2023 term as a member of the United Nations Security Council. It was noted that Britain's historic ties and strategic interests with the Gulf region and the Middle East grant the UK a significant role in ensuring security and stability of the region.

The partnership is a launch pad for enhancing trade, investment and innovation. The meeting reviewed co-operation in areas such as life sciences, innovation, energy, illicit finance, education, security, development, culture, climate, health and food security.

In a series of messages on Twitter, Sheikh Mohamed said the visit would strengthen the UAE's international relationships and deepen co-operation with the UK.

The two men witnessed the signing of economic agreements at the residence of the UK's head of government.

“I was pleased to meet Prime Minister Boris Johnson for in-depth talks in London today,” Sheikh Mohamed said.

“Together, we discussed ways of further strengthening the robust [and] long-standing strategic ties between the UAE and the UK and other areas of mutual interest in the region and around the world.”

Mr Johnson paid tribute to the role of the UAE in the recent events in Afghanistan as the country helped with evacuations when the Taliban took over in Kabul last month.

The British leader spoke in the Pillared Room at Downing Street before an audience of business leaders, bankers and senior politicians, including new International Trade Secretary Anne-Marie Trevelyan.

“The evacuation of British nationals from Afghanistan would not have been possible without the friendship and support of the UAE. So today, I would like to say a big, big thank you to you,” Mr Johnson said.

“This relationship is of huge importance to me personally.”

Mr Johnson said that the investment deals signed by the two countries constituted a groundbreaking partnership.

“This new sovereign investment partnership is different in scale and ambition to any other.

“We are seeing the UK and UAE doing things together and a great fusion of our efforts,” he said.

“If this relationship is the Burj Khalifa we are currently just at the ground floor, but today we are taking it up to the top floor.”

Mr Johnson said that a low-carbon future was a shared objective. “We will tackle problems like Covid and climate change together. This is a synching of the UK’s and UAE’s long-term objectives,” he said.

“I am very excited by the partnership.”

Before the meeting, Mr Johnson told The National that the discussions would build on the “long and rich history to the benefit of both our people".

“The UK and the UAE are natural partners and allies, with a shared belief in harnessing the technologies of the future to address climate change, solve global issues and deliver prosperity for our people,” he said.

“I look forward to welcoming His Highness Sheikh Mohamed bin Zayed to London today to drive this agenda forward.

“There is a huge amount we can do together as we work to build back better from the pandemic.”

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, arrives at 10 Downing Street. AFP
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, arrives at 10 Downing Street. AFP

The trip comes after Sheikh Mohamed met French President Emmanuel Macron near Paris on Wednesday.

Mr Johnson said Thursday's meeting would secure investments across the UK in life sciences, technology, energy transition and infrastructure.

This would support jobs and his government’s agenda to “level up” – to increase prosperity in poorer regions – across the UK.

Both sides would welcome an ambitious partnership that set a broad foundation for future co-operation, drove progress in science and innovation and supported security and prosperity, he said.

The partnership will be underpinned by annual UK-UAE Strategic Dialogues, beginning this year and chaired by the foreign ministers of both sides.

Illicit finance, education, security, development, culture, climate, health and food security were on the agenda.

The coming Expo 2020 Dubai was an opportunity for the UK to raise its profile in the region. "We are confident that Britain's participation will pave the way for more opportunities for economic and development partnership between our two countries," said Sheikh Mohamed. "In the UAE, we seek to make this event a turning point on the road to promoting global economic recovery, establishing global partnerships, and finding common ground to confront global challenges."

With a framework for investments stretching over five years, the UK and UAE will jointly pursue ambitious net-zero targets that “turbocharged” the clean energy transition.

The UAE is already a key partner for the UK, with total trade between the two countries worth £18.6bn and joint investment flows of £13.4bn in 2019.

“The UAE and the UK share a long and rich history, but with today’s agreement we are looking to the future,” Mr Johnson said.

“By working ever more closely together, our nations will be at the forefront of the industries of the future, helping to tackle climate change and boost prosperity.

“Ambitious partnerships like this are central to the government’s strategy to be a leading global force in science and technology, driving major investments to level up across the UK and create high-value jobs,” he said.

“We will turbocharge this at next month’s Global Investment Summit in London.”

Sheikh Mohamed last held talks with Mr Johnson at Downing Street last December, when they discussed the importance of maintaining peace and stability in the Middle East.

Watch: Sheikh Mohamed bin Zayed begins official visit to the UK

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1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

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The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
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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

Updated: September 17, 2021, 8:09 AM