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Airbus warned against increasing jet production amid low demand

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Airbus, the European jet manufacturer, has been warned by the two top aircraft leasing companies against its plans to expedite production despite low demands from airlines due to the coronavirus pandemic.

In May, the company announced its plans for a sharp rise in the production of its A320 jets, increasing its manufacturing rate of 64 jets a month by the second quarter of 2023. This rate is higher than pre-pandemic rate of 60 and that of 45 targeted for the fourth quarter of 2021. Airbus had also announced that it would further enhance this rate to 70 jets a month by early 2024 and 75 by 2025.

Safran’s chief executive Olivier Andries said that he is unsure whether production rate above 60 jets a month is sustainable.

Chief executives of Avolon and AerCap have wrote letters to Airbus chief executive Guillaume Faury that the aircraft market is not in a position to back the most aggressive surge in production.

The potential increase in production would undermine the value of lessors’ existing fleets. The Airbus move would make the suppliers, many of which were forced to decrease their workforces during the pandemic unable to continue their recovery.

Airbus that designs, manufactures and sells civil and military aerospace products around the globe, has already emerged from the pandemic as the world’s number one aeroplane maker. Some executives were of the view that the company might have taken the aggressive decision to capitalise on that position.

The European company has upper hand over its US rival Boeing after its successful launch of A320 planes, which have given it a 60 per cent share in the single-aisle market.

Companies

UAE urges companies to adopt flexible working arrangements amid adverse weather conditions

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The Ministry of Human Resources and Emiratisation (MoHRE) has called on private sector companies across the UAE to reinforce workplace safety measures and take preventive steps to protect employees during expected adverse weather conditions.

In a statement, the ministry emphasised that worker health and safety remain a top priority, particularly at outdoor worksites where operations may be affected during severe weather.

Flexible or remote work arrangement

Companies have been advised to implement necessary precautions, including introducing remote or flexible working arrangements where required. Employers were also urged to ensure the availability of personal protective equipment, safe transportation, and suitable workplace conditions.

The ministry commended businesses for their ongoing efforts to maintain safe working environments and raise awareness among employees regarding safety protocols during emergency weather situations. It also confirmed continued coordination with relevant authorities to issue guidance and instructions aimed at safeguarding workers nationwide.

Additionally, MoHRE highlighted that awareness campaigns are being conducted in collaboration with government entities and the private sector to strengthen occupational health and safety standards. Enforcement measures, it added, remain in place to address any violations.

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UAE launches new digital platform to manage federal government real estate

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The UAE Ministry of Finance has launched a new digital system to centralise and manage data on all federally owned real estate, marking another step in the country’s push to modernise public asset management and strengthen governance.

The platform, known as the Federal Government Real Estate Assets Platform, will act as a unified electronic registry for federal government properties. It is designed to document, update and classify real estate data, while linking assets directly to financial and operational systems across the federal government.

The ministry said the launch fulfils the requirements of Article 18 of Federal Decree-Law No. 35 of 2023 on Union-Owned Properties, which mandates the creation of a federal electronic registry for government real estate.

Supporting digital transformation

Younis Haji AlKhoori, Undersecretary at the Ministry of Finance, said the platform is designed to strengthen regulation, governance and oversight of federal real estate assets, while supporting the UAE government’s wider digital transformation agenda.

By automating real estate-related processes, the system aims to improve data accuracy and provide better insights for policymaking, planning and long-term asset management.

Federal entities can use the platform to register and update property data under standardised classifications, manage leasable spaces, and submit real estate-related requests through automated workflows. These include inspections, transfers, sales, demolitions and structural changes to properties.

The platform also integrates with other federal systems to ensure records remain up to date, while generating reports and performance indicators to support evidence-based decision-making.

Linking real estate and financial data

Mariam Mohamed Al Amiri said the platform was developed to unify real estate data across federal bodies and connect it directly to financial and operational procedures, helping improve planning, expenditure control and transparency.

The system records both financial and non-financial data, including property values, depreciation, operating costs, location, condition and technical specifications. It also stores digital documents such as architectural drawings, site maps and contracts.

A new four-tier classification structure, covering sites, buildings, floors and individual units, standardises how government real estate is recorded and enables faster access to information.

From paper to digital

According to the ministry, the platform replaces paper-based procedures with a fully digital framework that supports real-time tracking, automated approvals and structured lease management, including contract creation, amendments and terminations.

Officials said the move will improve the efficiency of federal real estate use, enhance governance and support long-term planning of government-owned properties as part of the UAE’s broader digital government strategy.

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Announcements

UAE VAT rules are changing in 2026: Here’s what businesses need to know

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The UAE’s Ministry of Finance has announced a new set of amendments to the country’s VAT law, with the revised rules taking effect on January 1, 2026. The changes are designed to make the tax system easier to use and more aligned with international best practices.

In a statement, the Ministry said the move supports the UAE’s ongoing efforts to streamline its tax framework and improve administrative efficiency. The updates are also designed to provide businesses with greater clarity and reduce unnecessary paperwork.

Simpler filing, fewer steps

One of the biggest changes removes the requirement for businesses to issue self-invoices when using the reverse charge mechanism. Instead, companies will simply need to keep the usual documents that support their transactions, such as invoices, contracts and records, which the Federal Tax Authority (FTA) can review when checking compliance.

According to the Ministry, this adjustment “enhances administrative efficiency” and provides clear audit evidence without placing extra paperwork burdens on businesses.

Five-year window for VAT refunds

The updated law also introduces a five-year limit for claiming back refundable VAT after accounts have been reconciled. Once this period ends, businesses lose the right to submit a claim. Officials say this helps prevent long-delayed refund requests and gives taxpayers more certainty about their financial position.

Tighter rules on tax evasion

To protect the system from misuse, the FTA will now have the authority to deny input tax deductions if a transaction is found to be linked to a tax-evasion arrangement. This means businesses must ensure the supplies they receive are legitimate before claiming input VAT.

Taxpayers are expected to verify the “legitimacy and integrity” of supplies as part of these strengthened safeguards.

Supporting a competitive economy

The Ministry said the amendments will boost transparency, ensure fairness across the tax system and support better management of public revenue. The updated rules also aim to maintain the UAE’s competitive edge while supporting long-term economic sustainability.


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