Ukrainian President Volodymyr Zelenskyy on March 6. AP
Ukrainian President Volodymyr Zelenskyy on March 6. AP
Ukrainian President Volodymyr Zelenskyy on March 6. AP
Ukrainian President Volodymyr Zelenskyy on March 6. AP

Ukraine's President Zelenskyy to address UK MPs on Russia crisis


Soraya Ebrahimi
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Ukrainian President Volodymyr Zelenskyy will give a “historic address” to British MPs on Tuesday by video link, it has been announced.

Sir Lindsay Hoyle, Speaker of the UK House of Commons, said he had granted the request for Mr Zelenskyy to read a statement on the Russian crisis at 5pm.

“Every parliamentarian wants to hear directly from the president who will be speaking to us live from Ukraine, so this is an important opportunity for the House," Mr Hoyle said.

“Thanks again to our incredible staff for working at pace to make this historic address possible.”

MPs will be able to watch the speech on screens installed overnight above either side of the chamber, House officials said.

More than 500 headsets will be made available to enable the UK’s elected representatives to hear a simultaneous translation in English.

There will be no questions at the end of the address to Mr Zelenskyy, who is reportedly at risk of assassination by pro-Russian groups in Kyiv.

Reports have suggested the Ukrainian leader will call for more arms to help defend his country and renew demands for a no-fly zone to stem the Russian bombing attack.

The UK and Nato allies have consistently ruled out policing Ukraine’s skies, with concerns it could escalate and broaden the conflict.

Russian President Vladimir Putin declared that any third party involvement in a no-fly zone would be read as active participation in the battle.

During diplomatic meetings on Monday, British Prime Minister Boris Johnson agreed with allies that more defensive support must be given to Ukraine.

Mr Johnson met Dutch Prime Minister Mark Rutte at Downing Street, with No 10 saying they agreed to “continue to support Ukraine economically, diplomatically and with defensive equipment”.

In later discussions with US President Joe Biden, French President Emmanuel Macron and German Chancellor Olaf Scholz, he stressed that the “goal must be ensuring Putin’s failure in this act of aggression”.

The allies agreed to continue to “isolate” Mr Putin, Downing Street said.

Mr Zelenskyy addressed members of the European Parliament last week and on Saturday gave a video message to the US Senate as his country’s defence against the incursion continues.

The confirmation of the president’s address comes as western focus turns to what more can be done to weaken Russia’s economy in a bid to force Moscow to withdraw from the conflict.

Announcing a further £175 million ($229m) of UK aid for Ukraine, Mr Johnson said Kyiv’s friends must create a “coalition” of support – humanitarian, economic and military – to ensure Mr Putin’s “brutal” invasion fails.

“The president of Russia is plainly doubling down,” he said.

“He has decided that he is going to continue with an all-out onslaught on centres of habitation in a way that we think is utterly repugnant. It’s clear that we’re going to have to do more.”

To tighten the squeeze on the Kremlin’s war chest, Mr Johnson said European countries would have to secure other sources of energy supply if they are to ban Russian oil and gas imports.

US Secretary of State Antony Blinken said at the weekend that Washington was in “very active discussions” with European allies over energy sanctions amid calls from Mr Zelensky for tougher action.

His comments saw gas prices surge by more than 70 per cent to a new all-time high, while the cost of oil reached its highest level for 14 years.

But after talks in Downing Street with Mr Rutte and Canadian Prime Minister Justin Trudeau, the British leader called for a “step by step” approach as European countries weaned themselves off Russian hydrocarbons.

In the UK, he said ministers were looking at the possibility of using more oil and gas from British sources – although he insisted this did not mean abandoning its commitment to reducing carbon emissions.

“It is completely the right thing to do to move away from dependence on Russian hydrocarbons, but we have to do it step by step,” Mr Johnson said alongside Mr Trudeau and Mr Rutte.

“We have got to make sure we have substitute supply. One of the things we are looking at is the possibility of using more of our own hydrocarbons.

“That doesn’t mean we are in any way abandoning our commitment to reducing carbon dioxide, but we have got to reflect the reality that there is a crunch on at the moment. We need to increase our self-reliance.”

Mr Rutte said that if countries moved too quickly to ban Russian oil and gas, it could backfire with “enormous consequences”.

He said the West should be wary of generating “unmanageable risks to energy supply”, including in Ukraine.

Meanwhile, ministers were pushing a new Economic Crime Bill through the Commons on Monday to quickly enable them to impose sanctions on oligarchs.

The government has faced criticism for refusing to open its borders to Ukrainians, but Mr Johnson insisted on Monday that the UK would welcome those fleeing the fighting, with thousands of visa applications being processed.

The Home Office revealed that only “around 50” visas had been granted under the Ukraine Family Scheme as of 10am on Sunday, but Mr Johnson said that thousands of applications were being processed.

Dubai World Cup prize money

Group 1 (Purebred Arabian) 2000m Dubai Kahayla Classic - $750,000
Group 2 1,600m(Dirt) Godolphin Mile - $750,000
Group 2 3,200m (Turf) Dubai Gold Cup – $750,000
Group 1 1,200m (Turf) Al Quoz Sprint – $1,000,000
Group 2 1,900m(Dirt) UAE Derby – $750,000
Group 1 1,200m (Dirt) Dubai Golden Shaheen – $1,500,000
Group 1 1,800m (Turf) Dubai Turf –  $4,000,000
Group 1 2,410m (Turf) Dubai Sheema Classic – $5,000,000
Group 1 2,000m (Dirt) Dubai World Cup– $12,000,000

Who's who in Yemen conflict

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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company%20Profile
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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

The Kites

Romain Gary

Penguin Modern Classics

Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
Match info

Costa Rica 0

Serbia 1
Kolarov (56')

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

Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

Company%20profile
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Brief scoreline:

Tottenham 1

Son 78'

Manchester City 0

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.”

The specs: 2017 GMC Sierra 1500 Denali

Price, base / as tested Dh207,846 / Dh220,000

Engine 6.2L V8

Transmission Eight-speed automatic

Power 420hp @ 5,600rpm

Torque 624Nm @ 4,100rpm

Fuel economy, combined 13.5L / 100km

Updated: March 07, 2022, 11:10 PM