Follow the latest updates on Expo 2020 Dubai here
Some of the UAE's most famous attractions have been bathed in yellow ahead of the grand opening of Expo 2020 Dubai.
Dubai's Burj Al Arab looked more striking than ever after being lit up in the vibrant colour on Wednesday evening.
Abu Dhabi's Emirates Palace was also resplendent in yellow as anticipation grows for the start of the global extravaganza.
The Dubai Frame, the Coca-Cola Arena, Etihad Arena and Ferrari World also turned golden for the big occasion. The striking colour is also being used for the Expo 2020 passport.
The Middle East's first world's fair has been years in the making.
That wait was extended for another year due to Covid-19, but showtime will finally arrive on Friday.
Billed the 'Greatest Show on Earth', Expo 2020 Dubai is expected to welcome millions of visitors from all over the world during its six-month run.
It will play host to 191 countries, all celebrating their culture and customs, and displaying their innovation and expertise.
Dozens of live shows will be held every day across the sprawling site, ensuring no two visits will be the same.
A star-studded ceremony on Thursday evening will act as a fitting curtain-raiser for the mega event.
The show will include performances from opera singer Andrea Bocelli, Golden Globe-winning actress, singer and songwriter Andra Day, platinum-selling British pop star Ellie Goulding, Chinese pianist Lang Lang and four-time Grammy winning singer-songwriter Angelique Kidjo.
Regional artists, including the "Artist of Arabs" Mohammed Abdu, Emirati singing sensation Ahlam Alshamsi and Emirati artist and Expo 2020 Dubai ambassador Hussain Al Jassmi, a trendsetter on the Khaleeji music scene in the Middle East, will also perform.
Global viewers can watch the opening ceremony live on virtualexpo.world and Expo TV from 7.30pm GST.
The National will also be livestreaming the event from its website, YouTube channel and Facebook page.
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
PAST 10 BRITISH GRAND PRIX WINNERS
2016 - Lewis Hamilton (Mercedes-GP)
2015 - Lewis Hamilton (Mercedes-GP)
2014 - Lewis Hamilton (Mercedes-GP)
2013 - Nico Rosberg (Mercedes-GP)
2012 - Mark Webber (Red Bull Racing)
2011 - Fernando Alonso (Ferrari)
2010 - Mark Webber (Red Bull Racing)
2009 - Sebastian Vettel (Red Bull Racing)
2008 - Lewis Hamilton (McLaren)
2007 - Kimi Raikkonen (Ferrari)
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Drishyam 2
Directed by: Jeethu Joseph
Starring: Mohanlal, Meena, Ansiba, Murali Gopy
Rating: 4 stars
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
