US President Donald Trump described his meeting with his Russian counterpart Vladimir Putin in Alaska on Friday as “productive”, adding that they “really made some great progress” on ending the war in Ukraine.
The comments followed a nearly three-hour-long summit that involved Secretary of State Marco Rubio, special envoy Steve Witkoff and Russian Foreign Minister Sergey Lavrov.
“There were many, many points that we agreed on, most of them, I would say, a couple of big ones that we haven't quite got there, but we've made some headway,” Mr Trump told reporters. “I've always had a fantastic relationship with President Putin, with Vladimir.”
He added that he would be making calls to Nato leaders as well as Ukrainian President Volodymyr Zelenskyy after the meeting.
Mr Putin said that although it might sound strange given the circumstances, Russia considers Ukraine to be a “brotherly nation” and that he agreed with Mr Trump that to build a lasting peace, “the security of Ukraine should be prioritised”.
He said that the agreement reached with the US will “pave the path to peace with Ukraine”, and warned European leaders against torpedoing the “nascent progress” of negotiations.
It was unclear exactly what agreements had been reached, though Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick accompanied Mr Trump and several Russian business representatives were part of Mr Putin's delegation.
As the press conference came to a close, Mr Trump said he would be speaking to and seeing Mr Putin soon. The Russian President responded in English: “Next time in Moscow.”
Mr Trump replied: “Oh, that's an interesting one. I'll get a little heat on that one, but I could see it possibly happening.”
Mr Trump met Mr Putin at the airport in Anchorage. They shook hands while smiling at each other on the red carpet and posed for a photo on a small stage with “Alaska 2025" across it. The two leaders then entered the US President's limousine and drove away.
The leaders, who have got on well, met at Joint Base Elmendorf-Richardson, a location that played a vital role in Washington's efforts to monitor Russia during the Cold War. The meeting, which Mr Trump described as “high stakes”, comes after months of failed US diplomacy to end the Russia-Ukraine war.
Mr Trump offered no further details of their discussions in an interview with Fox News after the meeting, but raised the possibility of another summit that included Mr Zelenskyy and suggested that the next move towards peace would have to come from Ukraine.
“Now, it's really up to President Zelenskyy to get it done, and I would also say the European nations, they have to get involved a little bit, but it's up to President Zelenskyy … and if they'd like, I'll be at that next meeting,” he said.
“They're going to set up a meeting now between President Zelenskyy and President Putin and myself, I guess. You know, I didn't ask about it … but I want to make sure it gets done and we have a pretty good chance of getting it done.”
Mr Trump also signalled that he would not immediately act on his threat to pressure Russia by imposing more penalties on its trading partners, including China.
“Because of what happened today, I think I don’t have to think about that now,” he said. “I may have to think about it in two weeks or three weeks or something, but we don’t have to think about that right now.”
While on the campaign trail, Mr Trump promised that he would end the war within the first 24 hours of his second term. Eight months later, the war continues.
Since January 20, when Mr Trump returned to the Oval Office, Russian attacks against Ukraine have more than doubled, according to a recent report from the BBC. As Washington changed tactics, slowing support for Ukraine and softening its rhetoric towards Russia, Mr Putin has attempted to intensify military efforts against Ukraine.
Russia still occupies large areas of eastern Ukraine, and that land is likely to be at the centre of any potential peace deal. Mr Zelenskyy has been determined that Ukraine will not cede any territory, but Mr Trump, who has had a contentious relationship with Mr Zelenskyy, has said that both countries may need to accept land swaps to achieve peace.
In February, the US President sent Mr Rubio, Mike Waltz, who was then the national security adviser, and Mr Witkoff to hold talks with a Russian delegation in Riyadh, Saudi Arabia. That laid the groundwork for the meeting between Mr Trump and Mr Putin in Alaska, but it took longer than many expected for the two leaders to get together.
Despite Washington's overtures, Mr Putin has made very few real concessions on the battlefield, much to Mr Trump's chagrin. The President gave Mr Putin 50 days to end the war, a deadline that has since come and gone, threatening secondary sanctions on Moscow's major trading partners.
Earlier this month, Mr Trump once again dispatched Mr Witkoff to Moscow in an effort to rein-in Russia's intensifying attacks. Mr Witkoff, who has a sprawling diplomatic portfolio, has met Mr Putin five times in Russia since January.
Beside Mr Witkoff and Mr Rubio, who also serves as National Security Adviser, US officials in attendance at the summit in Alaska included Secretary of Defence Pete Hegseth, and several others.
Mr Putin was accompanied by his Foreign Minister Sergey Lavrov – who wore a USSR sweatshirt as he arrived in Alaska – Defence Minister Andrei Belousov and Finance Minister Anton Siluanov. It was the first meeting between Mr Trump and Mr Putin since 2018, when they met in Helsinki, Finland.
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US Industrial Market figures, Q1 2017
Vacancy Rate 5.4%
Markets With Positive Absorption 85.7 per cent
New Supply 55 million sq ft
New Supply to Inventory 0.4 per cent
Under Construction 198.2 million sq ft
(Source: Colliers)
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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RESULTS
6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).
7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.
7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.
8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.
9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.
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If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).
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.
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Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
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PREMIER LEAGUE RESULTS
Bournemouth 1 Manchester City 2
Watford 0 Brighton and Hove Albion 0
Newcastle United 3 West Ham United 0
Huddersfield Town 0 Southampton 0
Crystal Palace 0 Swansea City 2
Manchester United 2 Leicester City 0
West Bromwich Albion 1 Stoke City 1
Chelsea 2 Everton 0
Tottenham Hotspur 1 Burnley 1
Liverpool 4 Arsenal 0
Sleep Well Beast
The National
4AD
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
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
Tour de France
When: July 7-29
UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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
MATCH INFO:
Second Test
Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi
Entrance is free