Russia will have to pay for the reconstruction of Ukraine in any peace deal, a potential future leader of the country has demanded.
In a statement made in London, Gen Valeriy Zaluzhny, who was sacked as commander-in-chief by Ukrainian President Volodymyr Zelenskyy just over a year ago, also warned that the cohesion of the Nato alliance was at stake with America attempting to “delegate” security to Europe.
“We can say that in the near future, Nato will stop existing,” said the former commander and Kyiv's current ambassador to the UK.
The more fundamental challenge is to fully bring our armed forces into the modern era
Luke Pollard,
British Armed Forces minister
He also accused US President Donald Trump’s administration of helping to “destroy” the postwar world order that has kept the peace for the past 80 years by the White House’s failure to view the Kremlin as the aggressor.
“It's not just the 'Axis of Evil' and Russia trying to revise the world order, but the US is finally destroying this order,” he told a conference at Chatham House think tank in London.
A Russian missile struck a hotel in the central Ukrainian city of Kryvyi Rih late on Wednesday, killing four people and injuring 32. Rescuers were still searching on Thursday morning for anyone trapped in the rubble, officials said.
A group of humanitarian volunteers from Ukraine, the US and Britain had checked into the hotel shortly before the strike but survived after taking shelter quickly, Mr Zelenskyy said.
Kryvyi Rih, Mr Zelenskyy's hometown, has been a frequent target since Russia launched its full-scale invasion of Ukraine three years ago.
Aggressor pays
Gen Zaluzhny, who was appointed ambassador to Britain shortly after his dismissal as armed forces chief in February last year, set out his terms for a lasting peace agreement that includes Russia paying to rebuild heavily damaged parts of Ukraine.
“We should get very realistic security guarantees, and it can and should hope for the full recovery of Ukraine at the expense of the aggressor state that attacked Ukraine,” he said, speaking via a translator.
He also raised the possibility that Kyiv could re-examine its nuclear status – the country gave up its Soviet-era stockpile, then the third-largest in the world, in the 1994 Budapest memorandum.
“Ukraine doesn't have its own nuclear weapon, so it pays for its freedom with its blood,” he told the conference but then later avoided a question on the issue.
Several peace deals have been proposed, the most prominent so far being French President Emmanuel Macron’s suggested four-week truce in the air, sea and on both sides’ energy infrastructure, but not ground fighting in the east.
Mr Zelenskyy has proposed his own peace plan stating that he was willing to sign a deal giving US access to an estimated $500 billion of mineral wealth in Ukraine, potentially in return for US security guarantees.
There now appears growing disquiet in Europe over Washington’s new stance, with a YouGov poll of five European countries showing that a majority considered Mr Trump a threat to peace in the region.
In Britain, 78 per cent believed the US leader posed a threat that was only marginally short of their view of Russian President Vladimir Putin (89 per cent).
Further, if Europe was attacked then only between 18 per cent and 39 per cent those polled in the countries that also included Italy, Germany, France and Spain, thought that the US would come to Nato’s aid.
Inflaming Trump
His comments will almost certainly inflame Washington, after the public humiliation of Mr Zelenskyy in the White House last Friday that he rowed back on with an apology this week.
With the current Ukrainian leader’s position also being questioned, particularly from the Trump administration, Gen Zaluzhny, 51, could well be positioning himself to replace his rival.
Disagreements with Mr Zelenskyy led to his dismissal as armed forces chief in February last year, despite many seeing him as a national hero for leading the war effort that prevented the full-scale invasion of Ukraine by Russia in 2022.
However, the general, who is popular in Ukraine, would certainly not be welcomed by Moscow. It would want to see its own pro-Russian president in Kyiv, a move some observers believe the US would countenance in the current climate.
Gen Zaluzhny also criticised the White House for refusing “to recognise Russia as an aggressor”, which the soldier said demonstrated the administration “does not care about the international reputation of the US”.
Nano wars
The ambassador also warned that while Ukraine was defending both Europe and Nato, the “next target of Russia” would be the continent, with the border becoming “a confrontation line any time”.
Nicknamed the Iron General, he questioned whether the West needed “another war” to understand that huge changes have occurred on the battlefield to which Nato has yet to adapt.
That future conflict could well involve the use of nano technology, that has evolved in Ukraine and revolutionised warfare, claimed the ambassador.
Smaller countries such as Ukraine or Lithuania would “be able to stand up to any other country that is much larger and more powerful” due to nano technology and advancements in artificial intelligence, he said.
“It's not about tanks or fighter jets,” Gen Zaluzhny added. “The question is whether all the players appreciate this or they need another war to come to this understanding, that the technological breakthrough has occurred.”
'Chaos through weakness'
Washington’s current pro-Russian trajectory also raised issues of US weakness and could lead to greater global chaos, said a former deputy assistant to President Trump.
If Mr Trump abandoned Ukraine “he will encourage the very same type of aggression from other US adversaries across the globe”, said Lisa Curtis of the Centre for a New American Security think tank on Thursday.
“This abandonment would lead to more conflict and instability in other parts of the world, not less,” she warned. “It would not be peace through strength, as President Trump has said he wants to do – instead it would lead to chaos through weakness.”
Britain's Armed Forces minister Luke Pollard told the conference at Chatham House that raising defence spending to 2.5 per cent of GDP was “just the starting gun” in a race to modernise.
“The more fundamental challenge is to fully bring our armed forces into the modern era and build a leading, tech-enabled military capable of deterring, fighting and winning through constant innovation at a wartime pace,” he said.
Since taking office with the new government in July, he had observed the UK military was ordering highly specific equipment that could only be used by the UK, said Mr Pollard.
“We’ve made it so specialist, we can’t get as much of it as we wanted to in the first place," he said. “Let’s start producing stuff that is designed to be Nato-standard, that is designed for export.”
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP
Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan
Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri
Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Astra%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202022%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAbdallah%20Abu%20Sheikh%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20technology%20investment%20and%20development%3Cbr%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%24500m%3C%2Fp%3E%0A
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
More on Quran memorisation:
When is VAR used?
• Goals
• Penalty decisions
• Direct red-card incidents
• Mistaken identity
More from Neighbourhood Watch:
What is type-1 diabetes
Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.
It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.
Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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The Matrix Resurrections
Director: Lana Wachowski
Stars: Keanu Reeves, Carrie-Anne Moss, Jessica Henwick
Rating:****
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Film: In Syria
Dir: Philippe Van Leeuw
Starring: Hiam Abbass, Diamand Bo Abboud, Mohsen Abbas and Juliette Navis
Verdict: Four stars
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
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
England squad
Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood