• Ukrainian President Volodymyr Zelenskyy joins heads of states and country representatives during the Ukraine peace summit at the Burgenstock resort, near Lucerne, Switzerland, on June 15. AFP
    Ukrainian President Volodymyr Zelenskyy joins heads of states and country representatives during the Ukraine peace summit at the Burgenstock resort, near Lucerne, Switzerland, on June 15. AFP
  • British Prime minister Rishi Sunak, left, is welcomed by Mr Zelenskyy. AFP
    British Prime minister Rishi Sunak, left, is welcomed by Mr Zelenskyy. AFP
  • Swiss Federal President Viola Amherd, left, with Charles Michel, President of the European Council, centre, and Mr Zelenskyy. EPA
    Swiss Federal President Viola Amherd, left, with Charles Michel, President of the European Council, centre, and Mr Zelenskyy. EPA
  • Saudi Arabia's Minister of Foreign Affairs Faisa bin Farhan Al Saud is welcomed by Mr Zelenskyy. Reuters
    Saudi Arabia's Minister of Foreign Affairs Faisa bin Farhan Al Saud is welcomed by Mr Zelenskyy. Reuters
  • Canadian Prime Minister Justin Trudeau, left, with Mr Zelenskyy. EPA
    Canadian Prime Minister Justin Trudeau, left, with Mr Zelenskyy. EPA
  • US Vice President Kamala Harris, middle left, Greece's Prime Minister Kyriakos Mitsotakis, middle, Swiss Federal President Viola Amherd, bottom left, Turkish Minister of Foreign Affairs Hakan Fidan, top centre, Mr Zelenskyy, bottom right, President of the European Commission Ursula von der Leyen, middle right, and Swiss Foreign Minister Ignazio Cassis, bottom right. AFP
    US Vice President Kamala Harris, middle left, Greece's Prime Minister Kyriakos Mitsotakis, middle, Swiss Federal President Viola Amherd, bottom left, Turkish Minister of Foreign Affairs Hakan Fidan, top centre, Mr Zelenskyy, bottom right, President of the European Commission Ursula von der Leyen, middle right, and Swiss Foreign Minister Ignazio Cassis, bottom right. AFP
  • Mr Zelenskyy welcomes Ms von der Leyen. EPA
    Mr Zelenskyy welcomes Ms von der Leyen. EPA
  • French President Emmanuel Macron speaks with Dutch Prime Minister Mark Rutte. Reuters
    French President Emmanuel Macron speaks with Dutch Prime Minister Mark Rutte. Reuters
  • Spain's President Pedro Sanchez, left, and Mr Sunak walk to the podium for a photograph with heads of states and country representatives. AFP
    Spain's President Pedro Sanchez, left, and Mr Sunak walk to the podium for a photograph with heads of states and country representatives. AFP
  • German Chancellor Olaf Scholz, right, with Gambia's Minister of Information Ismaila Ceesay. AFP
    German Chancellor Olaf Scholz, right, with Gambia's Minister of Information Ismaila Ceesay. AFP
  • Swiss Federal President Viola Amherd, Ukrainian President Volodymyr Zelenskiy, U. S. Vice President Kamala Harris, Canadian Prime Minister Justin Trudeau, European Commission President Ursula von der Leyen, European Council President Charles Michel, British Prime Minister Rishi Sunak, French President Emmanuel Macron, German Chancellor Olaf Scholz, Dutch Prime Minister Mark Rutte, Portuguese President Marcelo Rebelo de Sousa, Croatian Prime Minister Andrej Plenkovic, Greek Prime Minister Kyriakos Mitsotakis, Czech President Petr Pavel, Chilean President Gabriel Boric, Argentinian President Javier Milei, Spanish Prime Minister Pedro Sanchez, Polish President Andrzej Duda and other leaders pose for a family photo, on the day of the opening ceremony of the Summit on Peace in Ukraine at the Buergenstock Resort in Stansstad near Lucerne, Switzerland, June 15, 2024. REUTERS / Denis Balibouse TPX IMAGES OF THE DAY
    Swiss Federal President Viola Amherd, Ukrainian President Volodymyr Zelenskiy, U. S. Vice President Kamala Harris, Canadian Prime Minister Justin Trudeau, European Commission President Ursula von der Leyen, European Council President Charles Michel, British Prime Minister Rishi Sunak, French President Emmanuel Macron, German Chancellor Olaf Scholz, Dutch Prime Minister Mark Rutte, Portuguese President Marcelo Rebelo de Sousa, Croatian Prime Minister Andrej Plenkovic, Greek Prime Minister Kyriakos Mitsotakis, Czech President Petr Pavel, Chilean President Gabriel Boric, Argentinian President Javier Milei, Spanish Prime Minister Pedro Sanchez, Polish President Andrzej Duda and other leaders pose for a family photo, on the day of the opening ceremony of the Summit on Peace in Ukraine at the Buergenstock Resort in Stansstad near Lucerne, Switzerland, June 15, 2024. REUTERS / Denis Balibouse TPX IMAGES OF THE DAY
  • Ms Amherd welcomes Mr Rutte. AFP
    Ms Amherd welcomes Mr Rutte. AFP
  • Mr Zelenskyy awards Denmark's Prime minister Mette Frederiksen with the 'Order of Freedom of Ukraine' title before a meeting on the sidelines of the summit. AFP
    Mr Zelenskyy awards Denmark's Prime minister Mette Frederiksen with the 'Order of Freedom of Ukraine' title before a meeting on the sidelines of the summit. AFP
  • Mr Zelenskyy welcomes President Javier Milei of Argentina. EPA
    Mr Zelenskyy welcomes President Javier Milei of Argentina. EPA

Dozens of world leaders agree 'territorial integrity' must be basis of peace in Ukraine


Gillian Duncan
  • English
  • Arabic

Dozens of countries jointly called on Sunday for the “territorial integrity” of Ukraine to be the basis for any peace agreement to end Russia’s two-year war — although some nations did not sign a final document.

The joint communique by 84 countries capped a two-day conference at the Bürgenstock resort in Switzerland marked by the absence of Russia, which was not invited, but that many attendees hoped could join in on a road map to peace.

About 100 delegations, mostly western countries but also some key developing nations, took part in the conference.

However, participants including the UAE, Saudi Arabia, India and South Africa were among those that did not sign on to the final document, which focused on issues of nuclear safety, food security and the exchange of prisoners.

China avoided the meeting and Brazil, an “observer” country, did not sign on but Turkey — which has sought to an intermediary between Russia and Ukraine — did.

Speaking at a news conference after the event, Ukraine's President Volodymyr Zelenskyy said China should communicate its peace proposals on ending the war with Russia to Ukraine directly, instead of doing so via media outlets.

The final document said the UN Charter and “respect for territorial integrity and sovereignty … can and will serve as a basis for achieving a comprehensive, just and lasting peace in Ukraine”.

Viola Amherd, the Swiss president who hosted the event, told the final news conference that the fact that the “great majority” of participants agreed to the final document “shows what diplomacy can achieve".

Ukrainian President Volodymyr Zelenskyy hailed the “first steps towards peace” at the meeting, and said the joint communique remains “open for accession by everyone who respects the UN Charter”.

Ursula von der Leyen, the president of the European Union’s Executive Commission, said the conference was “rightly” entitled “Path to Peace” because peace won’t be achieved in a single step.

“It was not a peace negotiation because Putin is not serious about ending the war. He is insisting on capitulation. He is insisting on ceding Ukrainian territory — even territory that today is not occupied by him,” she said. “He is insisting on disarming Ukraine, leaving it vulnerable to future aggression. No country would ever accept these outrageous terms.”

Analysts say the two-day conference will probably have little concrete impact towards ending the war because the country leading and continuing it, Russia, was not invited — for now. Russia's key ally, China, which did not attend, and Brazil have jointly sought to plot alternative routes towards peace.

The meeting also endeavoured to return a spotlight to the war at a time when conflict in Gaza, national elections and other concerns have seized global attention.

The three themes of nuclear safety, food security and prisoner exchanges featured in the final statement. Italian Prime Minister Giorgia Meloni said they amounted to “minimum conditions” for negotiations with Russia, alluding to how many other areas of disagreement between Kyiv and Moscow will be harder to overcome.

Qatar's prime minister, Sheikh Mohammed bin Abdulrahman, noted a day earlier how his country hosted talks with both Ukrainian and Russian delegations on the reunification of Ukrainian children with their families that has so far resulted in 34 children being reunited.

White House national security adviser Jake Sullivan, speaking to reporters at the resort on Saturday, said it's “going to take work” and countries stepping up to build on efforts by nations like Qatar.

“It’s going to take a spotlight from the international community, not just from only voices from the United States or Europe, but from unusual voices as well to say what Russia has done here is more than reprehensible and must be reversed," he said.

The Ukrainian government believes that 19,546 children have been deported or forcibly displaced, and Russian Children’s Rights Commissioner Maria Lvova-Belova has previously confirmed that at least 2,000 were taken from Ukrainian orphanages.

Montenegro Prime Minister Milojko Spajic told the gathering on Sunday: “As a father of three, I'm deeply concerned by thousands of Ukrainian kids forcibly transferred to Russia or Russia-occupied territories of Ukraine.

“We all at this table need to do more so that children of Ukraine are back in Ukraine,” he added.

Leaders gather on the opening day of the Summit on Peace in Ukraine, at the Buergenstock resort in Switzerland. Reuters
Leaders gather on the opening day of the Summit on Peace in Ukraine, at the Buergenstock resort in Switzerland. Reuters

A draft communique, dated June 13, had called for all illegally deported children to be returned.

Ukrainian President Volodymyr Zelenskyy hailed the participation of more than 90 countries in the summit, at the Buergenstock resort, as a show of international support for Kyiv. Some European allies called for broader outreach to build a lasting peace plan.

Canadian Prime Minister Justin Trudeau said on Sunday that Canada plans to host a gathering of foreign ministers in the coming months to advance work on the human cost of the war.

Mr Trudeau was speaking alongside Mr Zelenskyy and other leaders at the summit.

Meanwhile, Swiss Foreign Minister Ignazio Cassis said a follow-up summit to this weekend's talks in Switzerland aimed at paving the way for peace in Ukraine is conceivable before the US presidential election in November.

Where the next Ukraine conference could be held was unclear at the conclusion of the summit of world leaders at the Buergenstock resort in central Switzerland.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Men from Barca's class of 99

Crystal Palace - Frank de Boer

Everton - Ronald Koeman

Manchester City - Pep Guardiola

Manchester United - Jose Mourinho

Southampton - Mauricio Pellegrino

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

While you're here
Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Most F1 world titles

7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)

7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)

5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)

4 — Alain Prost (1985, ’86, ’89, ’93)

4 — Sebastian Vettel (2010, ’11, ’12, ’13)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The%20specs
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Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

'The Predator'
Dir: Shane Black
Starring: Olivia Munn, Boyd Holbrook, Keegan-Michael Key
Two and a half stars

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Essentials

The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.

The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.

 

Scorline

Iraq 1-0 UAE

Iraq Hussein 28’

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Updated: June 16, 2024, 3:11 PM