Wagner chief Yevgeny Prigozhin addressing Russian army leader standing in front of bodies he said were fallen Wagner fighters at an undisclosed location. AFP
Wagner chief Yevgeny Prigozhin addressing Russian army leader standing in front of bodies he said were fallen Wagner fighters at an undisclosed location. AFP
Wagner chief Yevgeny Prigozhin addressing Russian army leader standing in front of bodies he said were fallen Wagner fighters at an undisclosed location. AFP
Wagner chief Yevgeny Prigozhin addressing Russian army leader standing in front of bodies he said were fallen Wagner fighters at an undisclosed location. AFP

Wagner group says it will stay in Bakmut after Russia promises ammunition


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The head of the Wagner mercenary group said on Sunday that Russia had promised enough ammunition for it to stay in the ruined Ukrainian city of Bakhmut.

On Friday, Yevgeny Prigozhin said his units would be pulling out on Wednesday because they had no ammunition and could die needlessly.

For months, Mr Prigozhin has accused the conventional army of refusing to deliver ammunition to his men during the battle for the devastated eastern city, where Wagner is leading the assault.

“Overnight we received a combat order … they promised to give us all the ammunition and armaments we need to continue the operations” in Bakhmut, Mr Prigozhin said on Sunday.

He said his group has been promised that “everything necessary will be provided”.

He blamed Defence Minister Sergei Shoigu and Chief of General Staff Valery Gerasimov for “tens of thousands” of Russian casualties in a series of profanity-laced videos on Friday.

“Their unprofessionalism is destroying tens of thousands of Russian guys and that is unforgivable,” he said.

The internal row comes as Russia has reported increasing drone strikes and sabotage inside its territory ahead of an expected spring counteroffensive from Ukraine.

Ukraine also reported casualties early Monday morning from fresh Russian strikes on Kyiv overnight.

Kyiv Mayor Vitali Klitschko said at least four people in two separate districts had been injured in the drone attack, while the city's military administration reported that suspected falling debris had also hit a two-storey building, with information on potential victims still “being clarified”.

In Odesa, the district military administration reported an air strike hitting a warehouse. “There has not been any information about victims,” it added.

In one of his previous video broadsides against the Russian army, Mr Prigozhin stood before what he said were rows of dead Wagner fighters.

“They came here as volunteers and they are dying so you can get fat in your wood-panelled offices,” he said.

On Saturday, he asked Moscow to let him hand over his positions to Chechen strongman Ramzan Kadyrov, who had said that his forces were “ready to move” towards Bakhmut.

The language used in Friday's videos and the ferocity of his attack on the leaders of Russia's campaign in Ukraine were unprecedented.

On Sunday, Mr Prigozhin said Russian General Sergei Surovikin, one of Mr Gerasimov's deputies, would oversee Wagner's operations.

“He is the only decorated general that knows how to fight,” Mr Prigozhin said in fresh criticism of Russia's other army chiefs.

Russian troops have battled since last summer to capture Bakhmut, the political importance of which has come to surpass any strategic value.

Damaged buildings in Bakhmut, the site of the heaviest battles in the Donetsk region, Ukraine, on April 26. AP
Damaged buildings in Bakhmut, the site of the heaviest battles in the Donetsk region, Ukraine, on April 26. AP

On Saturday, the commander of Ukraine's ground forces, Oleksandr Syrsky, visited the eastern front.

“The enemy is not going to change its plans and is doing everything possible to take control of Bakhmut,” Mr Syrsky said on Sunday.

Ukraine has been gearing up for a counteroffensive, with some experts suggesting that the drone strikes and acts of sabotage on Russian-held territory are part of its preparations.

The strikes precede Russia's May 9 public holiday, a central event under President Vladimir Putin that celebrates the Soviet victory over the Nazis in the Second World War.

  • Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut in Ukraine. AP
    Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut in Ukraine. AP
  • Resident Svetlana Boiko, 66, who was wounded in recent shelling, is comforted near her destroyed house in Donetsk. Reuters
    Resident Svetlana Boiko, 66, who was wounded in recent shelling, is comforted near her destroyed house in Donetsk. Reuters
  • A wounded Ukrainian soldier is treated in a front-line stabilisation ambulance, near Kreminna. Reuters
    A wounded Ukrainian soldier is treated in a front-line stabilisation ambulance, near Kreminna. Reuters
  • A house in Donetsk destroyed in recent shelling. Reuters
    A house in Donetsk destroyed in recent shelling. Reuters
  • Ukrainian volunteer soldiers hold their positions at the front line near Bakhmut. AFP
    Ukrainian volunteer soldiers hold their positions at the front line near Bakhmut. AFP
  • Volunteers carry the remains of a Uragan rocket as they clear the area around the Sviatohirsk Cave Monastery in Dolyna. AFP
    Volunteers carry the remains of a Uragan rocket as they clear the area around the Sviatohirsk Cave Monastery in Dolyna. AFP
  • A man sits inside a damaged car in the village of Chasiv Yar. AFP
    A man sits inside a damaged car in the village of Chasiv Yar. AFP
  • Ukrainian servicemen fire at Russian positions in the region of Donbas. AFP
    Ukrainian servicemen fire at Russian positions in the region of Donbas. AFP
  • Rescue workers put out a fire in a house shelled by Russian forces in Kostiantynivka. AP
    Rescue workers put out a fire in a house shelled by Russian forces in Kostiantynivka. AP
  • A Ukrainian serviceman moves towards the frontline city of Bakhmut. AFP
    A Ukrainian serviceman moves towards the frontline city of Bakhmut. AFP
  • Vladyslav, a Ukrainian paratrooper of the 80 Air Assault brigade, rests in a dugout at the front line near Bakhmut. AP
    Vladyslav, a Ukrainian paratrooper of the 80 Air Assault brigade, rests in a dugout at the front line near Bakhmut. AP
  • Residents of the village of Bohorodychne cross the Seversky Donets river to retrieve bread from the other bank. AFP
    Residents of the village of Bohorodychne cross the Seversky Donets river to retrieve bread from the other bank. AFP

On Sunday, the Russian army said it had repelled 22 Ukrainian drones over the Black Sea.

Shortly before, authorities in Russian-annexed Crimea, surrounded by the Black Sea and the Sea of Azov, said they had downed more than 10 drones over the southern peninsula.

The Russian security services also said they thwarted a drone attack on an airfield in the Ivanovo region.

As the counteroffensive looms, Moscow has ordered families with children and elderly members to temporarily evacuate a slew of Russian-held areas in southern Ukraine.

More than 1,500 people have been evacuated, including 632 minors, the governor of the southern Zaporizhzhia region said Sunday.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

SPEC%20SHEET
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206%2C%20Bluetooth%205.0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Silver%2C%20space%20grey%2C%20starlight%2C%20midnight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%20or%2035W%20dual-port%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C999%3C%2Fp%3E%0A
Forced%20Deportations
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Violence%20
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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EShaffra%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%20Innovation%20Hub%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Emetaverse-as-a-Service%20(MaaS)%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3Ecurrently%20closing%20%241.5%20million%20seed%20round%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%20Abu%20Dhabi%20and%20different%20PCs%20and%20angel%20investors%20from%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3Enine%3C%2Fp%3E%0A
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

While you're here

Turkish Ladies

Various artists, Sony Music Turkey 

No Shame

Lily Allen

(Parlophone)

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.

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

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

BRAZIL SQUAD

Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).

Updated: May 08, 2023, 5:10 AM