• An instructor trains members of Ukraine's Territorial Defence Forces, volunteer military units of the armed forces, in the capital Kiev. AP
    An instructor trains members of Ukraine's Territorial Defence Forces, volunteer military units of the armed forces, in the capital Kiev. AP
  • Dozens of civilians have been joining Ukraine's army reserves in recent weeks amid fears about a Russian invasion. AP
    Dozens of civilians have been joining Ukraine's army reserves in recent weeks amid fears about a Russian invasion. AP
  • US President Joe Biden, centre, meets online with his national security team and senior officials to discuss Russia's actions towards Ukraine. AP
    US President Joe Biden, centre, meets online with his national security team and senior officials to discuss Russia's actions towards Ukraine. AP
  • A member of the US Air Force packs ammunition, weapons and other equipment bound for Ukraine, at Dover Air Force Base, Delaware. Reuters
    A member of the US Air Force packs ammunition, weapons and other equipment bound for Ukraine, at Dover Air Force Base, Delaware. Reuters
  • A Ukrainian soldier stationed in the trenches at the front line with Russia-backed separatists near Gorlivka, Donetsk. AFP
    A Ukrainian soldier stationed in the trenches at the front line with Russia-backed separatists near Gorlivka, Donetsk. AFP
  • Rising tension about Russia’s military build-up on the Ukraine border was not eased during talks on Friday between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov in Geneva. AFP
    Rising tension about Russia’s military build-up on the Ukraine border was not eased during talks on Friday between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov in Geneva. AFP
  • A Ukrainian soldier pets a dog in a trench at the front line. AFP
    A Ukrainian soldier pets a dog in a trench at the front line. AFP
  • A Ukrainian soldier walks near the line of separation from Russian-backed rebels in the Donetsk region. Reuters
    A Ukrainian soldier walks near the line of separation from Russian-backed rebels in the Donetsk region. Reuters
  • Activists hold an EU flag and posters as they gather in support of Ukraine at the Ukrainian embassy in Tbilisi, Georgia. AP
    Activists hold an EU flag and posters as they gather in support of Ukraine at the Ukrainian embassy in Tbilisi, Georgia. AP
  • The Russian embassy in London. Reuters
    The Russian embassy in London. Reuters
  • Supporters of Ukrainian sovereignty arrive with a Ukrainian flag before holding a protest on the Peace Bridge in Calgary, Canada. Reuters
    Supporters of Ukrainian sovereignty arrive with a Ukrainian flag before holding a protest on the Peace Bridge in Calgary, Canada. Reuters
  • People rallying in patriotic support of Ukraine hold a 500-metre ribbon in the colours of the Ukrainian flag outside St Michael's Golden-Domed Monastery on Unity Day, in Kiev. Getty Images
    People rallying in patriotic support of Ukraine hold a 500-metre ribbon in the colours of the Ukrainian flag outside St Michael's Golden-Domed Monastery on Unity Day, in Kiev. Getty Images
  • A woman attends the patriotic rally in Kiev. There are now more than 120,000 Russian troops posted on the border along with significant numbers of tanks, artillery and missile batteries. Getty Images
    A woman attends the patriotic rally in Kiev. There are now more than 120,000 Russian troops posted on the border along with significant numbers of tanks, artillery and missile batteries. Getty Images
  • A woman wearing a face mask in the colours of the Ukrainian flag stands at the Wall of Remembrance in Kiev, which shows the photographs, names and birth and death dates of approximately 4,500 soldiers who have died fighting for Ukraine in the Donbas conflict. Approximately 13,000 people have died in the war. Getty Images
    A woman wearing a face mask in the colours of the Ukrainian flag stands at the Wall of Remembrance in Kiev, which shows the photographs, names and birth and death dates of approximately 4,500 soldiers who have died fighting for Ukraine in the Donbas conflict. Approximately 13,000 people have died in the war. Getty Images

UK ready to provide more troops to Nato if Russia invades Ukraine


Jamie Prentis
  • English
  • Arabic

Boris Johnson says the UK would be prepared to send extra troops to any new Nato deployments “to protect our allies in Europe” if Russia were to invade Ukraine.

He reiterated, as have many western nations, that the UK would toughen its sanctions regime against Russia if it were to attack Ukraine.

About 100,000 Russian troops are massed on its border with Ukraine, leading to fears in some western capitals that an invasion is imminent.

“We have to beware of doing things … that would constitute a pretext for [Russian President Vladimir] Putin to invade,” Mr Johnson told parliament.

“We have to calculate and calibrate what we do very carefully and I think building a strong package of economic sanctions, continuing to supply defensive weaponry, and all the other things that we're doing – that's the right package.”

On Monday, Nato member states sent reinforcements to eastern Europe to bolster its forces there. Russia has criticised the West’s response as hysteria and insists it has no invasion plans.

“If the worst happens, and the destructive firepower of the Russian army were to engulf Ukraine’s towns and cities I shudder to contemplate the tragedy that would ensue,” Mr Johnson said.

“Ukrainians have every moral and legal right to defend their country and I believe their resistance would be dogged and tenacious, and the bloodshed comparable to the first war in Chechnya or Bosnia, or any other conflict that Europe has endured since 1945. No one would gain from such a catastrophe.”

High-level diplomatic meetings between Russia and the West have so far failed to make headway.

Moscow has demanded several highly controversial security guarantees from Nato, including a ban on Ukraine joining the military alliance. That has been rejected out of hand by Nato, with Mr Johnson saying the proposals “would divide our continent once again".

“We cannot bargain away the vision of a Europe whole and free that emerged in those amazing years from 1989 to 1991,” Mr Johnson said, referring to the fall of the Iron Curtain, the end of Communist rule in eastern Europe and the collapse of the Soviet Union.

“Healing the division of our continent by the Iron Curtain, we will not reopen that divide by agreeing to overturn the European security order because Russia has placed a gun to Ukraine's head.”

Russia has already invaded Ukraine once, annexing the Crimean Peninsula in 2014. It also backed pro-Russian Ukrainian separatists fighting the Kiev government in the Donbass region.

Referring to when he spoke to Mr Putin in December, Mr Johnson said he had emphasised that Nato has no thought of encircling or threatening Russia.

“I said that any attack on his neighbour would be followed by tougher sanctions against Russia, further steps to help Ukraine defend herself and by an increased Nato presence to protect our allies on Nato’s eastern flank.”

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

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

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Step by step

2070km to run

38 days

273,600 calories consumed

28kg of fruit

40kg of vegetables

45 pairs of running shoes

1 yoga matt

1 oxygen chamber

MATCH INFO

France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')

Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

RESULT

Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

The specs: 2019 Audi A7 Sportback

Price, base: Dh315,000

Engine: 3.0-litre V6

Transmission: Seven-speed automatic

Power: 335hp @ 5,000rpm

Torque: 500Nm @ 1,370rpm

Fuel economy 5.9L / 100km

Results

5pm: Maiden (PA) Dh80,000 (Turf) 2,200m, Winner: Zalman, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

5.30pm: Maiden (PA) Dh80,000 (T) 1,600m, Winner: Hisham Al Khalediah II, Fernando Jara, Mohamed Daggash.

6pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: Qader, Adrie de Vries, Jean de Roualle

6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 (T) 1,600m, Winner: Mujeeb, Fabrice Veron, Eric Lemartinel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,600m, Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

7.30pm: Handicap (TB) Dh90,000 (T) 1,600m, Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly

8pm: Handicap (TB) Dh100,000 (T) 1,400m, Winner: Nayslayer, Bernardo Pinheiro, Jaber Ramadhan

MORE FROM CON COUGHLIN
Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Updated: January 25, 2022, 3:59 PM