A poster of Robert Hopkins' photograph of Winston Churchill, Franklin Roosevelt and Joseph Stalin together after negotiations at the Yalta Conference in Moscow in 1945. AFP
A poster of Robert Hopkins' photograph of Winston Churchill, Franklin Roosevelt and Joseph Stalin together after negotiations at the Yalta Conference in Moscow in 1945. AFP
A poster of Robert Hopkins' photograph of Winston Churchill, Franklin Roosevelt and Joseph Stalin together after negotiations at the Yalta Conference in Moscow in 1945. AFP
A poster of Robert Hopkins' photograph of Winston Churchill, Franklin Roosevelt and Joseph Stalin together after negotiations at the Yalta Conference in Moscow in 1945. AFP


Despite the US-Russia summit, we needn’t return to a world like the one before 1945


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February 27, 2025

It has been a consequential fortnight in Germany, bookended by the Munich Security Conference, which wrapped up on February 16, and the country’s general election over the past weekend. In both of these events, much of the conversation was centred on the transatlantic relationship and its value for Germany as well as Europe at large.

If the Munich Security Conference is remembered in decades to come, it won’t just be for decoding American Vice President JD Vance’s tirade against European leaders. It will be remembered as the weekend when Europe and the US began to file divorce proceedings.

As a participant at the event, I could measure the profound shock around the room as Mr Vance spoke, lecturing European leaders on their internal politics and warning them not to depend on America for their security. Ukrainian President Volodymyr Zelenskyy followed with a call for the creation of “European Armed Forces”.

The Ukrainian leader has repeatedly asked Europe for a more unified stance against Russia independent of Nato, with stronger EU defence co-ordination. But most EU nations prefer to rely on Nato, so the idea is unlikely to fly.

Nonetheless, the call for creating an “EU army” is an indicator that it is time for the continent to step up. Russia is winning on the battlefield, and Ukraine’s efforts to reclaim the territory it has lost are not just crucial to Ukraine but for all of Europe.

Munich revealed the crevices in the global order but also gave us a glimpse of the new order. “There are three imperial powers now,” one Ukrainian analyst told me, “China, Russia and the United States.”

“A storm is coming,” the Nobel Prize-winning Ukrainian lawyer Oleksandra Matviichuk told me. But in many ways, the storm is already here. It landed on January 20, 2025, the day Donald Trump returned to office as US President.

Following Munich, Secretary of State Marco Rubio and a small delegation of negotiators – many of them with little experience in international peace talks – flew to Saudi Arabia to meet with Russian counterparts to discuss the end of the Ukraine-Russia war. Another shock: the Ukrainians and the Europeans were not invited, even though the fate of Ukraine is at stake.

For Germans especially, it was reminiscent of the 1945 Yalta Conference, in which Russia, Britain and the US met on the Black Sea to decide the fate of Germany and to carve it into four occupation zones. Finland’s President Alexander Stubb, however, has remarked that rather than a “Yalta moment” the talks in Saudi Arabia might be a “Helsinki moment” – referring to the 1975 Helsinki Accords, in which 35 countries took steps to reduce the tensions of the Cold War.

Despite reactions from European leaders, Mr Trump’s policy shift away from responsibility for European defence is perhaps not new.

In the 1990s, as the Bosnian war raged, there was a similar struggle between Bill Clinton’s administration – which believed Bosnia was a European “problem” – and the continent. Europe waited for America to make the first move to save Bosnia; America kept flip-flopping. Although UN peacekeepers were sent, neither Washington nor European states acted until it was too late and a genocide occurred in Srebrenica in 1995.

Perhaps the silver lining in all this muddle is that Europe finally grows up. Europe has always, in a sense, been the little brother of the US, even if the continent is older and grander. Now, the older brother has cut the familial ties.

There are real opportunities for Europe to continue helping Ukraine even without America, in the areas of air defence, military training, humanitarian assistance, the supply of arms and the strengthening of the European sanctions regime against Russia.

US Secretary of State Marco Rubio meets Saudi Foreign Minister Prince Faisal bin Farhan and Russian Foreign Minister Sergei Lavrov in Riyadh last week. Reuters
US Secretary of State Marco Rubio meets Saudi Foreign Minister Prince Faisal bin Farhan and Russian Foreign Minister Sergei Lavrov in Riyadh last week. Reuters

Germany’s election result, in which the pro-Russian far right failed to achieve as much support as its opponents feared, shows that the residents of Europe’s strongest economy probably continue to believe in co-operation and the rules-based order. At the same time, Friedrich Merz, whose party came out on top, has already said that Germany must “achieve real independence from the US”.

Going back to Mr Stubbs’s words, perhaps it is time to look back at the Helsinki Accords. Perhaps what we need in a world with competing ideas about order and power, where international law has been abandoned with impunity time and again, is a return to what we can call Helsinki 2.0.

In 1975, Helsinki confirmed the universality of human rights and international law, something badly needed in a world where 41,000 people were killed in Gaza in less than 15 months, and the “greatest nation in the world”, the US, has implied its support for the ethnic cleansing of the enclave’s 2 million inhabitants.

Mr Trump’s foreign policy thus far, one month into his administration, has been terrifying but it is also proactive. It has been startling but perhaps something good may come from his commitment to action and velocity.

The President, who cares deeply about his reputation, is well positioned to change Israeli Prime Minister Benjamin Netanyahu’s mind in obliterating Gaza. Mr Trump wants to be seen as a dealmaker, but he wants to be seen as a successful one. Perhaps that is why he backtracked over the weekend on his comments about displacing Gazans.

It is said in security circles that the year does not really start until the Munich Security Conference ends. We left with both Ukraine and Gaza hanging in the balance, but also brutal wars in Darfur and Democratic Republic of Congo. Mr Trump wants the Nobel Peace Prize. He might have a chance to get it – but only if he does the right thing and retains rules-based order and adheres to international law.

Tips from the expert

Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

  1. Sellers should focus on providing high-quality used goods at attractive prices to buyers.
  2. It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
  3. Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
  4. Be creative and look around your home for valuable items that you no longer need but might be useful to others.
UAE currency: the story behind the money in your pockets
Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ESteven%20Knight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMark%20Ruffalo%2C%20Hugh%20Laurie%2C%20Aria%20Mia%20Loberti%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E1%2F5%C2%A0%3C%2Fp%3E%0A
RESULTS

5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)

5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham

6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi

6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami

7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi

7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi

8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

COMPANY%20PROFILE
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T20 World Cup Qualifier, Muscat

UAE FIXTURES

Friday February 18: v Ireland

Saturday February 19: v Germany

Monday February 21: v Philippines

Tuesday February 22: semi-finals

Thursday February 24: final 

COMPANY%20PROFILE
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Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Zayed%20Centre%20for%20Research
%3Cp%3EThe%20Zayed%20Centre%20for%20Research%20is%20a%20partnership%20between%20Great%20Ormond%20Street%20Hospital%2C%20University%20College%20London%20and%20Great%20Ormond%20Street%20Hospital%20Children%E2%80%99s%20Charity%20and%20was%20made%20possible%20thanks%20to%20a%20generous%20%C2%A360%20million%20gift%20in%202014%20from%20Sheikha%20Fatima%20bint%20Mubarak%2C%20Chairwoman%20of%20the%20General%20Women's%20Union%2C%20President%20of%20the%20Supreme%20Council%20for%20Motherhood%20and%20Childhood%2C%20and%20Supreme%20Chairwoman%20of%20the%20Family%20Development%20Foundation.%3C%2Fp%3E%0A
Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

India team for Sri Lanka series

Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.

T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan

Updated: February 27, 2025, 4:00 AM