Do leaders around the world want the war in Ukraine to end? Or do they want nothing less than President Vladimir Putin to be pushed from office during some sort of “colour revolution” in Russia? Answers to those questions were signalled by the responses to the 12-point peace plan laid out by China last Friday.
Nato Secretary General Jens Stoltenberg immediately dismissed it out of hand, saying: “It is not a peace plan. China doesn’t have much credibility because they have not been able to condemn the illegal invasion of Ukraine.” On the same day, US Secretary of State Antony Blinken told the UN Security Council: “No member of this council should call for peace while supporting Russia’s war on Ukraine and on the UN Charter.” No surprise there, really (although Beijing would surely dispute supporting either the war on Ukraine or one on the UN Charter). After all, US President Joe Biden said nearly a year ago that Mr Putin “cannot remain in power”, and last April, US Defence Secretary Lloyd Austin declared: “We want to see Russia weakened to the degree that it can’t do the kinds of things that it has done in invading Ukraine.” For them, the goalposts moved early on from securing an end to the war, to crushing Russia.
But Ukrainian President Volodymyr Zelenskyy – whom the most bellicose western leaders have consistently said should be the final arbiter of what is acceptable to his country or not – did not reject the proposal. Quite the opposite. He said he would like to meet Chinese President Xi Jinping to discuss it. “Let’s work with China on this point,” he added. “Why not?” French President Emanuel Macron went a little further. "The fact that China is engaging in peace efforts is a good thing," he said on Saturday, and revealed that he planned to visit Beijing in early April to seek Mr Xi’s help in ending the war.
Mr Macron is absolutely right to do so, just as he has been one of the wisest of voices in simultaneously condemning the invasion while warning “we must not humiliate Russia, so that the day the fighting stops, we can build a way out through diplomatic channels”. Whatever people think about the government in Moscow, that has to be correct in terms of Russia itself in the long term.
I applaud Macron for not giving up without even trying
I believe that Mr Macron is also correct in thinking that any chance of peace has to be grasped. And this could be a chance. The likes of Nato’s Mr Stoltenberg evidently take China’s proposal to be a cynical ploy; but then they assume the country always acts in bad faith in any case. Not only should that assumption be challenged, but the naysayers are forgetting that China doesn’t want this prolonged war which, amongst other things, risks its own economic future and is in clear contravention of the first point in its peace plan. That states: “The sovereignty, independence and territorial integrity of all countries must be effectively upheld.”
There is no doubting that in the current circumstances, it may be exceptionally hard to reach an outcome that both sides can accept. But I applaud Mr Macron for not giving up without even trying.
What is the best that could come out of any discussions that could end the war swiftly? It would probably have to be some form of fudge that allowed both parties to save at least some face, and would require supremely dextrous diplomacy to overcome the reality that parts of Ukraine have now officially been declared to be part of Russia. How could the two presidents fashion an agreement that didn’t make one of them appear to be humbled and vanquished?
Being neither a Metternich nor a Kissinger, I don’t have the answer. But I do believe that some kind of non-maximalist, pragmatic solution might find plenty of support from the many Asian countries who have managed countless disputes that are never definitively settled but which have, most of the time, not led to armed conflict. China, South Korea, Japan and Russia all have disagreements over islands in the seas off East Asia, as do Thailand and Cambodia over ownership of a temple complex, and central Asian states over parts of the Fergana Valley. In fact, there are way too many disputes to list them all. The point is that, on the whole, the avoidance of war has been prized over resolutions that wholly satisfy one party and leave the other feeling cheated.
Much of the Global South might back a compromise, too – and their opinion is important, for it is not for western countries to decide that the only way this war stops is with a new Russian revolution that could lead to a disastrous civil war.
Also at the UN on Friday, the UAE’s ambassador Lana Nusseibeh said that she was “under no illusions” that peace efforts, including by UN Secretary General Antonio Guterres, would be easy. “Too much blood has been spilt, too much damage has been done,” she said. I myself have been moved by the heart-rending and superbly detailed reports from Ukraine by the academic and journalist David Patrikarakos. How can one be ambiguous in taking sides?
But a quick victory, by either Ukraine or Russia, appears extremely unlikely. Mr Macron seems to be the only western leader who understands that however unsatisfactory a Chinese-brokered fudge or compromise might be after everything Russia has done, it would still be better than hundreds of thousands more deaths. Good for him, I say, for not giving up on hope.
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Chatham House Rule
A mark of Chatham House’s influence 100 years on since its founding, was Moscow’s formal declaration last month that it was an “undesirable
organisation”.
The depth of knowledge and academics that it drew on
following the Ukraine invasion had broadcast Mr Putin’s chicanery.
The institute is more used to accommodating world leaders,
with Nelson Mandela, Margaret Thatcher among those helping it provide
authoritative commentary on world events.
Chatham House was formally founded as the Royal Institute of
International Affairs following the peace conferences of World War One. Its
founder, Lionel Curtis, wanted a more scientific examination of international affairs
with a transparent exchange of information and ideas.
That arena of debate and analysis was enhanced by the “Chatham
House Rule” states that the contents of any meeting can be discussed outside Chatham
House but no mention can be made identifying individuals who commented.
This has enabled some candid exchanges on difficult subjects
allowing a greater degree of free speech from high-ranking figures.
These meetings are highly valued, so much so that
ambassadors reported them in secret diplomatic cables that – when they were
revealed in the Wikileaks reporting – were thus found to have broken the rule. However,
most speeches are held on the record.
Its research and debate has offered fresh ideas to
policymakers enabling them to more coherently address troubling issues from climate
change to health and food security.
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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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
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France