Russian soldiers take part in drills in the Rostov region in southern Russia. AP Photo
Russian soldiers take part in drills in the Rostov region in southern Russia. AP Photo
Russian soldiers take part in drills in the Rostov region in southern Russia. AP Photo
Russian soldiers take part in drills in the Rostov region in southern Russia. AP Photo

UK tells allies to cut economic dependence on Russia and 'step up' in support of Ukraine


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Britain has urged its allies to scale back their economic dependence on Russia and stand in solidarity with Ukraine in the face of increasing aggression from its neighbour.

Liz Truss, the UK’s foreign secretary, issued the clarion call during a visit to Australia as tensions between the West and Moscow ratchet up.

Before crisis talks between the US and Russia on Friday — largely seen as one of the last chances to avert a Russian invasion of Ukraine — Ms Truss delivered a speech at the Lowy Institute in Sydney.

She warned Russian President Vladimir Putin he must “desist and step back” from war in Ukraine or risk being dragged into a prolonged conflict.

“Invasion will only lead to a terrible quagmire and loss of life, as we know from the Soviet-Afghan war and conflict in Chechnya,” she said, referencing Moscow's past conflicts that cost hundreds of thousands of lives.

Ms Truss urged allies to "step up" in the face of the crisis, linking the Ukraine conflict to a slew of increasingly emboldened authoritarian regimes who are looking to "export dictatorship."

"The Ukrainians will fight this, it could be a quagmire" she said. "Ukraine is a proud country with a long history. They have known invading forces before from the Mongols to the Tartars ... their resilience runs deep. If they have to, Ukrainians will fight to defend their country."

When asked by the Australian think tank’s executive director Michael Fullilove why she was confident the “free world would stand its ground” against Russia, she replied: “I think it’s very important to note the commitments that Russia made in the 1994 Budapest Agreement in exchange for Ukraine giving up its nuclear weapons.”

“Russia agreed alongside the UK and US to protect Ukraine’s sovereignty and territorial integrity,” she added. “So the claims that are being made by Vladimir Putin are completely wrong about what has happened but it is true and I made this point in my speech, that the free world has not been doing enough since the end of the Cold War, to make sure that we are deterring aggressors.”

British Foreign Secretary Liz Truss sent a warning to Vladimir Putin during a visit to Australia for talks with her Australian counterpart. AP
British Foreign Secretary Liz Truss sent a warning to Vladimir Putin during a visit to Australia for talks with her Australian counterpart. AP

She said any invasion of Ukraine would incur a “massive cost” for Russia and the UK is “prepared to put very severe sanctions in place” and bolster Ukraine’s defence capabilities.

“But the free world also needs to work together to reduce economic dependence on Russia to put in place the agreements that help countries have alternatives in terms of trade and investment,” she added. “So in the future, it becomes harder for those aggressive regimes to use economic dependence as a way of getting what they want.

“So yes, we are very ready to act in the immediate term.”

She pointed to the CPTPP (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) as an example of how the West uses agreements “to protect ourselves from aggressors — from a position of economic and defensive strength.”

Ms Truss’s comments came as US Secretary of State Antony Blinken prepares for talks with Russian Foreign Minister Sergey Lavrov in Geneva.

The talks between Mr Blinken and Mr Lavrov come just 11 days after their deputies met in Geneva and agreed to preserve dialogue amid Russia's build-up of tens of thousands of troops on Ukraine's border.

Unlike the January 10 session, which lasted for nearly eight hours, the pair are expected to have a concise exchange as they determine whether diplomacy remains possible.

They will meet at the lakeside luxury Hotel President Wilson, named after the US leader whose decisions included intervening against the Bolshevik revolution.

“These are difficult issues we are facing, and resolving them won't be done quickly. I don't expect we'll solve them in Geneva”, Mr Blinken said in Geneva.

“But we can advance our mutual understanding”, Mr Blinken said, and if Russia de-escalates on the ground, “that can turn us away from this crisis in the weeks ahead".

US President Joe Biden bluntly assessed on Wednesday that his counterpart Vladimir Putin is likely to “move in” on Ukraine and warned of a “disaster for Russia".

Mr Biden said he believes Mr Putin does not want a full-scale war and warned the Russian leader would pay a “dear price” if he launches a military incursion.

Russia, which already fuels a deadly insurgency in eastern Ukraine that has killed more than 13,000 people since 2014, has demanded guarantees that Nato never accept the former Soviet republic as a member or expand elsewhere in Moscow's old sphere.

The US has declared the idea a “non-starter” and accused Russia of undermining Europe's post-Cold War order by bullying another country into submission.

Mr Blinken headed to Geneva after a solidarity trip to Kyiv and talks with Britain, France and Germany in Berlin, the city that symbolised Europe's transformation from the divisions of the Iron Curtain.

German Chancellor Olaf Scholz and Britain's Prime Minister Boris Johnson discussed the situation on the Ukrainian border and agreed that further Russian military aggression against Ukraine must be averted, a German government representative said on Friday.

In a phone call on Thursday, Mr Scholz and Mr Johnson also agreed that it must be clear that Russia would have to face considerable costs in case of further aggression.

In her speech, Ms Truss also urged Mr Putin to engage in “meaningful discussions” about the crisis following the build-up of Russian forces near the border with Ukraine.

The foreign secretary said Russia's aggression towards Ukraine shows the “Kremlin has not learnt the lessons of history”, and that “invasion will only lead to a terrible quagmire and loss of life, as we know from the Soviet-Afghan war and conflict in Chechnya”.

The Soviet war in Afghanistan stretched throughout the 1980s, costing thousands of lives.

The foreign secretary and Defence Secretary Ben Wallace have used their visit to Australia to bolster Britain's defence and diplomatic ties with Australia.

Ms Truss has highlighted the need for allies such as the UK and Australia to work together to counter the challenge posed by Russia and China on the world stage.

She hit out at “global aggressors” who are “emboldened in a way we haven’t seen since the Cold War”.

“That is why regimes like Belarus, North Korea and Myanmar find their closest allies in Moscow and Beijing,” she added.

Ms Truss said that threats to “freedom, democracy and the rule of law” are global challenges, not regional issues and so require an international response from the “free world”.

“We need to work with partners like Australia, Israel, India, Japan, Indonesia and more,” she added.

“Building closer ties with our friends and drawing other countries closer to the orbit of free-market democracies will ultimately make us all safer and freer in the years to come.

“It is time for the free world to stand its ground.”

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Aldar Properties Abu Dhabi T10

*November 15 to November 24

*Venue: Zayed Cricket Stadium, Abu Dhabi

*Tickets: Start at Dh10, from ttensports.com

*TV: Ten Sports

*Streaming: Jio Live

*2017 winners: Kerala Kings

*2018 winners: Northern Warriors

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

MEYDAN CARD

6.30pm Maiden Dh165,000 (Dirt) 1,600m

7.05pm Conditions Dh240,000 (D) 1,600m

7.40pm Handicap Dh190,000 (D) 2,000m

8.15pm Handicap Dh170,000 (D) 2,200m

8.50pm The Entisar Listed Dh265,000 (D) 2,000m

9.25pm The Garhoud Sprint Listed Dh265,000 (D) 1,200m

10pm Handicap Dh185,000 (D) 1,400m

 

The National selections

6.30pm Majestic Thunder

7.05pm Commanding

7.40pm Mark Of Approval

8.15pm Mulfit

8.50pm Gronkowski

9.25pm Walking Thunder

10pm Midnight Sands

VERSTAPPEN'S FIRSTS

Youngest F1 driver (17 years 3 days Japan 2014)
Youngest driver to start an F1 race (17 years 166 days – Australia 2015)
Youngest F1 driver to score points (17 years 180 days - Malaysia 2015)
Youngest driver to lead an F1 race (18 years 228 days – Spain 2016)
Youngest driver to set an F1 fastest lap (19 years 44 days – Brazil 2016)
Youngest on F1 podium finish (18 years 228 days – Spain 2016)
Youngest F1 winner (18 years 228 days – Spain 2016)
Youngest multiple F1 race winner (Mexico 2017/18)
Youngest F1 driver to win the same race (Mexico 2017/18)

Last 10 winners of African Footballer of the Year

2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)

The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

Mercedes V250 Avantgarde specs

Engine: 2.0-litre in-line four-cylinder turbo

Gearbox: 7-speed automatic

Power: 211hp at 5,500rpm

Torque: 350Nm

Fuel economy, combined: 6.0 l/100 km

Price: Dh235,000

INDIA SQUAD

Virat Kohli (capt), Rohit Sharma, Shikhar Dhawan, KL Rahul, Vijay Shankar, MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik, Yuzvendra Chahal, Kuldeep Yadav, Bhuvneshwar Kumar, Jasprit Bumrah, Hardik Pandya, Ravindra Jadeja, Mohammed Shami

RESULTS

6.30pm: Handicap (rated 100 ) US$175,000 1,200m
Winner: Baccarat, William Buick (jockey), Charlie Appleby (trainer)

7.05pm: Handicap (78-94) $60,000 1,800m
Winner: Baroot, Christophe Soumillon, Mike de Kock

7.40pm: Firebreak Stakes Group 3 $200,000 1,600m
Winner: Heavy Metal, Mickael Barzalona, Salem bin Ghadayer

8.15pm: Handicap (95-108) $125,000 1,200m
Winner: Yalta, Mickael Barzalona, Salem bin Ghadayer

8.50pm: Balanchine Group 2 $200,000 1,800m
Winner: Promising Run, Pat Cosgrave, Saeed bin Suroor

9.25pm: Handicap (95-105) $125,000 1,800m
Winner: Blair House, James Doyle, Charlie Appleby

10pm: Handicap (95-105) $125,000 1,400m
Winner: Oh This Is Us, Tom Marquand, Richard Hannon

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How Islam's view of posthumous transplant surgery changed

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

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.”

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
MATCH INFO

Inter Milan 1 (Martinez 18' pen)

Juventus 2 (Dybala 4', Higuain 80')

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Studying addiction

This month, Dubai Medical College launched the Middle East’s first master's programme in addiction science.

Together with the Erada Centre for Treatment and Rehabilitation, the college offers a two-year master’s course as well as a one-year diploma in the same subject.

The move was announced earlier this year and is part of a new drive to combat drug abuse and increase the region’s capacity for treating drug addiction.

Eyasses squad

Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)

Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)  

Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)

Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)

Jemma Eley – goal attack / wing attack (Dubai College)

Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)

Molly Fuller – goal attack / wing attack (Dubai College)

Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)

Noorulain Hussain – goal defence / wing defence (Dubai College)

Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)

Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)         

Eliza Petricola – wing attack / centre (Dubai English Speaking College)

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

RESULTS
%3Cp%3E5pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(Turf)%202%2C200m%3Cbr%3EWinner%3A%20RB%20Sarab%2C%20Allaia%20Tiar%20(jockey)%2C%20Khalifa%20Al%20Neyadi%20(trainer)%3C%2Fp%3E%0A%3Cp%3E5.30pm%3A%20Mamsha%20Alkhair%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%3Cbr%3EWinner%3A%20Mutaqadim%2C%20Ray%20Dawson%2C%20Ibrahim%20Al%20Hadhrami%3C%2Fp%3E%0A%3Cp%3E6pm%3A%20Emirates%20Fillies%20Classic%20%E2%80%93%20Prestige%20(PA)%20Dh100%2C000%20(T)%201%2C600m%3Cbr%3EWinner%3A%20Almotajalliah%2C%20Ray%20Dawson%2C%20Ibrahim%20Al%20Hadhrami%3C%2Fp%3E%0A%3Cp%3E6.30pm%3A%20Emirates%20Colts%20Classic%20%E2%80%93%20Prestige%20(PA)%20Dh100%2C000%20(T)%201%2C600m%3Cbr%3EWinner%3A%20Fadwaan%2C%20Antonio%20Fresu%2C%20Ahmed%20Al%20Mehairbi%3C%2Fp%3E%0A%3Cp%3E7pm%3A%20The%20President%E2%80%99s%20Cup%20%E2%80%93%20Group%201%20(PA)%20Dh2%2C500%2C000%20(T)%202%2C200m%3Cbr%3EWinner%3A%20Mujeeb%2C%20Richard%20Mullen%2C%20Salem%20Al%20Ketbi%3C%2Fp%3E%0A%3Cp%3E7.30pm%3A%20The%20President%E2%80%99s%20Cup%20%E2%80%93%20Listed%20(TB)%20Dh380%2C000%20(T)%201%2C400m%3Cbr%3EWinner%3A%20Western%20Writer%2C%20Richard%20Mullen%2C%20Bhupat%20Seemar%3C%2Fp%3E%0A
Company%20profile
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MEDIEVIL%20(1998)
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Scorebox

Sharjah Wanderers 20-25 Dubai Tigers (After extra-time)

Wanderers

Tries Gormley, Penalty

Cons Flaherty

Pens Flaherty 2

Tigers

Tries O’Donnell, Gibbons, Kelly

Cons Caldwell 2

Pens Caldwell, Cross

Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
​​​​​​​Penguin 

Chinese Grand Prix schedule (in UAE time)

Friday: First practice - 6am; Second practice - 10am

Saturday: Final practice - 7am; Qualifying - 10am

Sunday: Chinese Grand Prix - 10.10am

Updated: January 21, 2022, 9:41 AM