Russia bombarded the Ukrainian capital Kyiv with drones and missiles early on Thursday, killing at least 15 people, including three children, and injuring 48, local authorities have said.
In a rare strike on the city centre, the European Union’s delegation offices and the British Council office was damaged. The attack – one of the deadliest on Kyiv – blasted a five-storey crater in one apartment block, ripping the building in two.
It was the first major Russian attack on Kyiv in weeks as US-led peace efforts to end the three-year war struggle to gain traction. At least 20 locations were hit.
The UK Foreign Office summoned the Russian ambassador, with Foreign Secretary David Lammy saying: "The killing and destruction must stop."
The EU summoned the Russian envoy after the strike, with European Commission President Ursula von der Leyen vowing to maintain "maximum pressure" on Russia.
EU Council chief Antonio Costa shared on social media a photo from inside the Kyiv office with the windows blown out, ceiling partially hanging down and debris scattered on the floor.
The drone and missile assault "shows that the Kremlin will stop at nothing to terrorise Ukraine, blindly killing civilians, men, women and children, and even targeting the European Union," Ms von der Leyen said in Brussels.
Ukrainian President Volodymyr Zelenskyy said it showed Moscow's rejection of peace negotiations.
French President Emmanuel Macron accused Russia of showing "terror and barbarism". In a message on X, he said: "629 missiles and drones in a single night over Ukraine: this is Russia's idea of peace." He accused Moscow of "deliberately" targeting residential areas and civilian infrastructure.
UK Prime Minister Keir Starmer accused Russian President Vladimir Putin of "sabotaging" any hopes of peace.
"Putin is killing children and civilians, and sabotaging hopes of peace. This bloodshed must end," Mr Starmer said in a post on X.
"Following last night's attack on Kyiv, our British Council office has been severely damaged and will be closed to visitors until further notice," the British Council in Ukraine said in a Facebook post.
Russian attacks cannot be allowed to go without a response, German Foreign Minister Johann Wadephul said at a press conference.
"Last night we once again experienced in a terrible way how Russia attacked and bombed Kyiv, civilians died, children died, and the European Union delegation was also attacked. And that cannot remain without consequences," Mr Wadephul said.
Russia on Thursday said it had targeted military sites in the overnight strikes on Ukraine using hypersonic missiles.
"Overnight, the armed forces of the Russian Federation launched a group strike … against military-industrial complex enterprises and military airbases in Ukraine," the Russian defence ministry said on social media. “All designated objects were hit.”
The attacks rained down on Ukrainian cities despite US President Donald Trump's push for a ceasefire and even as it talks up the importance of ending the war since its full-scale invasion in February 2022.
Ukraine's air force said Moscow fired 629 drones and missiles. This is the second largest of any overnight barrage, according to AFP analysis of Kyiv's data.
Giving the latest toll, Mr Zelenskyy called the attack "a horrific and deliberate killing of civilians. The Russians are not choosing to end the war, only new strikes".
"This means that Russia still does not fear the consequences," he added in a social media post.
Mr Zelenskyy called for a tough response from Ukraine's allies, including fresh sanctions.
"For the spurning of ceasefire and for the constant Russian attempts to weasel out of negotiations, new strong sanctions are needed," he added.
He called on Russia's ally China and EU member Hungary to take a much tougher stance against Moscow.
"All deadlines have already been broken, dozens of opportunities for diplomacy ruined. Russia must feel accountable for every strike, for every day of this war," he said.
Moscow had fired ballistic and cruise missiles as well as Iranian-designed Shahed drones from different directions to "systematically" target residential buildings, he said.
During the attack, residents took refuge in subway stations, some lying in sleeping bags and others holding their pets.
The attacks come a day after the Kremlin rejected the chances of a swift meeting between Mr Zelenskyy and Mr Putin.
Kyiv says a summit is crucial to breaking the deadlock over how to end the war.
Moscow is demanding Kyiv cede more territory and renounce western military support as conditions for any peace deal – ultimatums ruled out by Kyiv.
On Wednesday, Mr Putin's spokesman said Russia viewed the idea of a European peacekeeping force – seen by Kyiv as vital to deterring a future Russian attack – "negatively".
Mr Putin has rejected multiple ceasefire calls from Mr Zelensky, Mr Trump and European leaders.
Russian forces have been slowly but steadily gaining ground on the battlefield, where they hold an advantage in manpower and weapons.
Ukraine said it had hit two large refineries in Russia in overnight attacks – strikes it calls fair retaliation.
Russia's defence ministry said it had downed 102 Ukrainian drones overnight.
The story of Edge
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.
It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.
Edge has an annual revenue of $5 billion and employs more than 12,000 people.
Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab
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White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
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.”
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
COMPANY%20PROFILE
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The Africa Institute 101
Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
Profile of Bitex UAE
Date of launch: November 2018
Founder: Monark Modi
Based: Business Bay, Dubai
Sector: Financial services
Size: Eight employees
Investors: Self-funded to date with $1m of personal savings
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
2/5
Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)
- Arrive with a thank you gift, or make sure you have one for your host by the time you leave.
- Offer to buy groceries, cook them a meal or take your hosts out for dinner.
- Help out around the house.
- Entertain yourself so that your hosts don’t feel that they constantly need to.
- Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
- Offer to strip the bed before you go.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5