Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, on Tuesday officially opened the Abu Dhabi Art fair.
During his visit, Sheikh Khaled was shown exhibits and met renowned Emirati artists including Nujoom Al Ghanem, Mohamed Ahmed Ibrahim and Hashel Al Lamki.
Sheikh Khaled, who is also Chairman of Abu Dhabi Executive Council, was accompanied by Mohamed Al Mubarak, chairman of the Department of Culture and Tourism – Abu Dhabi, Saif Ghobash, secretary general of Abu Dhabi Executive Council, and Saood Al Hosani, undersecretary of DCT – Abu Dhabi.
The 15th Abu Dhabi Art fair features participation from esteemed galleries, artists and curators from around the world, as well as emerging local talent.
The event will have 90 galleries from 31 countries showcasing the work of artists at Manarat Al Saadiyat from November 22 to 26. The art fair will host 37 new galleries from countries such as Georgia, Mexico, Brazil, Italy and Chile, along with many others set to return.
In addition to the commercial aspect, the event offers specially commissioned installations, curated exhibitions and a full public programme of talks, workshops and performances, state news agency Wam reported.
Sheikh Khaled praised the exhibition for providing opportunities to engage in cross-cultural dialogue and a platform for emerging artists while inspiring new generations.
He said the arts and culture scene in Abu Dhabi is keen to protect and preserve ancient Emirati cultural heritage, while celebrating contemporary international arts and culture genres.
Organised by DCT – Abu Dhabi, the fair will present diverse collections of art alongside curated exhibitions and commissions, giving visitors a chance to experience a variety of works from different cultural perspectives.
Some of the themes explored by the galleries are sustainability, Latin Art and female artists from the Arab world.
“In the space of 15 years, Abu Dhabi Art has set a benchmark for the regional cultural landscape and has been fundamental in positioning the emirate as a leading global centre for creativity and artistic expression,” said Mr Al Mubarak.
“Year after year, it has presented innovative and thought-provoking exhibitions featuring both local and international artists, providing opportunities for emerging artists from the UAE and the region to thrive.”
Previous men's records
- 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
- 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
- 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
- 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
- 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
- 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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.
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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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