Russian President Vladimir Putin met US envoy Steve Witkoff to discuss proposals for a ceasefire in the Ukraine war. AP
Russian President Vladimir Putin met US envoy Steve Witkoff to discuss proposals for a ceasefire in the Ukraine war. AP
Russian President Vladimir Putin met US envoy Steve Witkoff to discuss proposals for a ceasefire in the Ukraine war. AP
Russian President Vladimir Putin met US envoy Steve Witkoff to discuss proposals for a ceasefire in the Ukraine war. AP

US envoy Witkoff returns from Putin meeting with message for Trump on Ukraine


Tim Stickings
  • English
  • Arabic

Russia said on Friday it is preparing for direct talks between its President Vladimir Putin and US President Donald Trump over a 30-day ceasefire in Ukraine.

US envoy Steve Witkoff met Mr Putin in Moscow late on Thursday and will relay the Russian leader's views on a ceasefire to the White House, the Kremlin said.

“When Mr Witkoff brings all the information to President Trump, we will determine the timing of a conversation” between the two presidents, Kremlin spokesman Dmitry Peskov said. “There are reasons to be cautiously optimistic.”

He confirmed that Mr Witkoff was given an audience, amid mixed messages from Moscow on its willingness to negotiate. Mr Putin's position on a ceasefire is that Russia is open to talks but does not want Ukrainian soldiers to gain a chance to relocate or resupply while the Kremlin believes it has them on the run.

US special envoy Steve Witkoff will brief President Donald Trump about his discussions with Russia's President Vladimir Putin in Moscow. AP
US special envoy Steve Witkoff will brief President Donald Trump about his discussions with Russia's President Vladimir Putin in Moscow. AP

In a post on Truth Social, Mr Trump said there was a “very good chance” the war between Russia and Ukraine could end after “productive” discussions.

“We had very good and productive discussions with President Vladimir Putin of Russia yesterday, and there is a very good chance that this horrible, bloody war can finally come to an end,” Mr Trump said, adding that he had asked Mr Putin to spare the lives of “completely surrounded” Ukrainian troops in the Kursk region.

Speaking from the G7 meeting in Canada, US Secretary of State Marco Rubio said that he would soon "reconvene" with Mr Witkoff to discuss next steps. "The President will have options available to him, and decisions will be made after that," he said.

Mr Rubio added that, regardless of Mr Putin saying he was open to the possibility of a ceasefire, "we're not going to make our foreign policy decisions on the basis of what a leader says at a press conference".

"This is going to play out the way things of this nature and calibre have traditionally and normally played out, and that is with the leaders of the countries involved speaking, not in front of the cameras, not in front of the media, but in these negotiations," he said.

On Friday, White House Press Secretary Karoline Leavitt said that Mr Trump had not yet spoken directly with the Russian President.

“Yesterday was a productive day for the United States of America and for the world in terms of peace – we have never been this close to peace,” Ms Leavitt told journalists.

Mr Putin also insisted on Thursday that any ceasefire should be the first stage in a plan to address the “initial reasons” for the crisis. Russia explained its 2022 invasion of Ukraine by saying its Nato-backed neighbour was threatening its security and persecuting Russian speakers. Western powers said this was a cover story for an imperialist land grab.

Confusion had surrounded Thursday's meeting in Moscow after a Putin aide, Yury Ushakov, said Russia's chosen mediator “is not Steve Witkoff”, and the envoy was reported to have swiftly left for Azerbaijan's capital Baku. The Kremlin's confirmation that the meeting took place keeps the high-wire negotiations on track for the time being.

“There is still much to be done, but the President has nevertheless identified with President Trump's position,” Mr Peskov said. He said there was an “understanding on all sides” that a direct conversation is needed.

The US has urged Russia to accept the 30-day ceasefire proposal that emerged from talks in Saudi Arabia on Tuesday. Diplomats have worked to get the US and Ukraine back around the table after Mr Trump's public row with Ukrainian President Volodymyr Zelenskyy last month.

US President Donald Trump said it would be 'disappointing' if Russia rejects a ceasefire deal. AFP
US President Donald Trump said it would be 'disappointing' if Russia rejects a ceasefire deal. AFP

Mr Trump said Russia's statements on a ceasefire were “promising” but not complete. “We're going to see if Russia is there and, if not, it will be a very disappointing moment for the world,” he said.

Ukraine and its European allies have warned repeatedly against a US-Russia deal that cuts Kyiv out of a peace process. In June 2023, Kyiv said it would not negotiate with Russia unless Russia withdrew its armed forces. It repeated this position the following January.

Moscow's mayor reported drone attacks overnight in an apparent show of force by Ukraine.

Russia’s Defence Ministry said 28 Ukrainian drones were intercepted across six regions, including the capital. Ukraine has not commented on the Moscow attack.

Britain, one of the countries trying to keep US-Ukraine relations from collapsing, said a ceasefire would be a “first step” towards wider peace talks. Foreign Secretary David Lammy told British media that it would be “wrong for Putin to lay conditions”.

Jihan Abdalla contributed to this report from Washington and Willy Lowry contributed from Le Malbaie, Quebec

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
RESULTS

Women:

55kg brown-black belt: Amal Amjahid (BEL) bt Amanda Monteiro (BRA) via choke
62kg brown-black belt: Bianca Basilio (BRA) bt Ffion Davies (GBR) via referee’s decision (0-0, 2-2 adv)
70kg brown-black belt: Ana Carolina Vieira (BRA) bt Jessica Swanson (USA), 9-0
90kg brown-black belt: Angelica Galvao (USA) bt Marta Szarecka (POL) 8-2

Men:

62kg black belt: Joao Miyao (BRA) bt Wan Ki-chae (KOR), 7-2
69kg black belt: Paulo Miyao (BRA) bt Gianni Grippo (USA), 2-2 (1-0 adv)
77kg black belt: Espen Mathiesen (NOR) bt Jake Mackenzie (CAN)
85kg black belt: Isaque Braz (BRA) bt Faisal Al Ketbi (UAE), 2-0
94kg black belt: Felipe Pena (BRA) bt Adam Wardzinski (POL), 4-0
110kg black belt final: Erberth Santos (BRA) bt Lucio Rodrigues (GBR) via rear naked choke

RESULTS

2pm: Maiden Dh 60,000 (Dirt) 1,400m. Winner: Masaali, Pat Dobbs (jockey), Doug Watson (trainer).

2.30pm: Handicap Dh 76,000 (D) 1,400m. Winner: Almoreb, Dane O’Neill, Ali Rashid Al Raihe.

3pm: Handicap Dh 64,000 (D) 1,200m. Winner: Imprison, Fabrice Veron, Rashed Bouresly.

3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m. Winner: Raahy, Adrie de Vries, Jaber Ramadhan.

4pm: Maiden Dh 60,000 (D) 1,000m. Winner: Cross The Ocean, Richard Mullen, Satish Seemar.

4.30pm: Handicap 64,000 (D) 1,950m. Winner: Sa’Ada, Fernando Jara, Ahmad bin Harmash.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
UAE SQUAD

Khalid Essa, Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Bandar Al Ahbabi, Mohammad Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoon Al Zaabi, Ali Saleh, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

SPEC%20SHEET%3A%20APPLE%20IPAD%20(2022)
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COMPANY%20PROFILE
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MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

The Kites

Romain Gary

Penguin Modern Classics

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

Our legal consultants

Name: Hassan Mohsen Elhais

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

 

 

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US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

MATCH INFO

Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')

Leeds United 0 

All the Money in the World

Director: Ridley Scott

Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer

Four stars

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

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
 

Company%20profile
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

Updated: March 15, 2025, 5:14 AM