Local resident Valentina Demura, 70, reacts next to the building where her apartment, destroyed during Ukraine-Russia conflict, is located in the besieged southern port city of Mariupol, Ukraine March 27, 2022. Valentina worked for many years at the Azovstal Iron and Steel Works. After her apartment was destroyed, she lives with neighbors in their apartment, and they take shelter together in the basement. REUTERS / Alexander Ermochenko TPX IMAGES OF THE DAY
Local resident Valentina Demura, 70, reacts next to the building where her apartment, destroyed during Ukraine-Russia conflict, is located in the besieged southern port city of Mariupol, Ukraine March 27, 2022. Valentina worked for many years at the Azovstal Iron and Steel Works. After her apartment was destroyed, she lives with neighbors in their apartment, and they take shelter together in the basement. REUTERS / Alexander Ermochenko TPX IMAGES OF THE DAY
Local resident Valentina Demura, 70, reacts next to the building where her apartment, destroyed during Ukraine-Russia conflict, is located in the besieged southern port city of Mariupol, Ukraine March 27, 2022. Valentina worked for many years at the Azovstal Iron and Steel Works. After her apartment was destroyed, she lives with neighbors in their apartment, and they take shelter together in the basement. REUTERS / Alexander Ermochenko TPX IMAGES OF THE DAY
Local resident Valentina Demura, 70, reacts next to the building where her apartment, destroyed during Ukraine-Russia conflict, is located in the besieged southern port city of Mariupol, Ukraine March

Zelenskyy says Ukrainian troops turned down offer to flee Mariupol


Tim Stickings
  • English
  • Arabic

Live updates: follow the latest news on Russia-Ukraine

Ukrainian troops defending the besieged city of Mariupol are free to leave and save themselves but insist on staying with their wounded brothers-in-arms, President Volodymyr Zelenskyy has said.

Mariupol has become synonymous with the humanitarian crisis unfolding during the war, with Ukraine accusing Russia of shelling aid convoys, cutting off supplies of food and medicine and laying waste to the strategic port city.

Bodies of soldiers and civilians are lying in the open air and efforts to remove them have largely failed, Mr Zelenskyy said in an interview with Russian media outlets in which he said he spoke regularly to troops defending Mariupol.

He said he had told them that “if you feel that you need to leave and you feel that it is right and that you can survive, do it”.

“I gave them that choice,” he said. “And they said: 'we can't, the wounded are here, we will not leave the wounded'. Moreover, they said they would not leave the dead.”

The interview angered Russia's media regulator Roskomnadzor, which told the domestic press not to publish Mr Zelenskyy's remarks and described the interviewers as foreign agents.

The Ukrainian president blames Russia for what he called a "humanitarian catastrophe" in Mariupol and said 2,000 children had been relocated by Russian forces to an uncertain fate via what Moscow says are evacuation corridors.

The city's mayor, Vadym Boychenko, told local media on Monday that about 160,000 people remained in the city out of a pre-war population of more than 400,000.

Ukrainian President Volodymyr Zelenskyy wearing his trademark green T-shirt during an interview with independent Russian media. AP
Ukrainian President Volodymyr Zelenskyy wearing his trademark green T-shirt during an interview with independent Russian media. AP

Peace talks

Speaking to the Russian journalists and separately to The Economist, Mr Zelenskyy said he was willing to broker peace directly with Russian President Vladimir Putin, including by negotiating a form of neutrality for Ukraine.

Any such agreement would be put to a referendum in Ukraine but could only take place if Russia withdrew all its troops from the country, said Mr Zelenskyy, who has in recent weeks played down the prospect of joining Nato and demanded what he calls security guarantees from the West.

He described the status of the Russian language in Ukraine as another area where progress could be made in negotiations but said the Kremlin's demands for demilitarisation and what it calls "denazification" were off the table.

In addition, Ukraine will reject any "compromises that may risk the disintegration of the country, the ones which Putin proposes, or rather demands in the form of an ultimatum", he said, amid contested claims to Crimea and the eastern Donbas region.

The two sides were expected to resume peace talks in Istanbul this week after three weeks without an in-person meeting, during which Russia's invasion has appeared to stall.

Mr Zelenskyy said Russian forces had been going around in circles and in some cases abandoning their tanks but renewed his appeal for more weapons from the West to fend off the invasion.

  • A woman walks past a poster depicting Russian President Vladimir Putin holding his own body, as Russia's invasion of Ukraine continues, in Sofia, Bulgaria. Reuters
    A woman walks past a poster depicting Russian President Vladimir Putin holding his own body, as Russia's invasion of Ukraine continues, in Sofia, Bulgaria. Reuters
  • A man walks past a residential area destroyed by a rocket strike in Kyiv. Getty Images
    A man walks past a residential area destroyed by a rocket strike in Kyiv. Getty Images
  • Ukraine refugees wait in the train station in Przemysl, near the Polish-Ukrainian border. More than 3.8 million have fled Ukraine since Russia's invasion. AFP
    Ukraine refugees wait in the train station in Przemysl, near the Polish-Ukrainian border. More than 3.8 million have fled Ukraine since Russia's invasion. AFP
  • Ukrainian civilians receive weapons training at a shooting range in Brno, Czech Republic. EPA
    Ukrainian civilians receive weapons training at a shooting range in Brno, Czech Republic. EPA
  • A Ukrainian special police officer patrols near a destroyed building during the night curfew in Kharkiv. AP Photo
    A Ukrainian special police officer patrols near a destroyed building during the night curfew in Kharkiv. AP Photo
  • A Ukrainian serviceman walks past the wreck of a Russian tank in Lukyanivka, Kyiv. Reuters
    A Ukrainian serviceman walks past the wreck of a Russian tank in Lukyanivka, Kyiv. Reuters
  • Ukrainian Air Force jets take part in a defence drill over an unidentified location. Reuters
    Ukrainian Air Force jets take part in a defence drill over an unidentified location. Reuters
  • Valentina Demura, 70, near the ruins of her home in apartment block in the besieged southern port city of Mariupol. Reuters
    Valentina Demura, 70, near the ruins of her home in apartment block in the besieged southern port city of Mariupol. Reuters
  • A message of support for Ukraine at the 94th Academy Awards in Hollywood, Los Angeles, California. Reuters
    A message of support for Ukraine at the 94th Academy Awards in Hollywood, Los Angeles, California. Reuters
  • The widow of sergeant Kostiantyn Deriuhin stands at her husband's grave after his funeral at Lychakiv cemetery in Lviv, Ukraine. Reuters
    The widow of sergeant Kostiantyn Deriuhin stands at her husband's grave after his funeral at Lychakiv cemetery in Lviv, Ukraine. Reuters
  • A walk amid the ruins after a Russian attack in Byshiv on the outskirts of Kyiv, Ukraine. AP
    A walk amid the ruins after a Russian attack in Byshiv on the outskirts of Kyiv, Ukraine. AP
  • A soldier of the Ukrainian territorial defence forces gives a salute during a break in digging a foxhole at Kalynivka, on the outskirts of Kyiv, Ukraine. AP
    A soldier of the Ukrainian territorial defence forces gives a salute during a break in digging a foxhole at Kalynivka, on the outskirts of Kyiv, Ukraine. AP
  • A bust adorned with a headband in the colours of the Ukraine flag at a checkpoint in Kyiv, Ukraine. AP
    A bust adorned with a headband in the colours of the Ukraine flag at a checkpoint in Kyiv, Ukraine. AP
  • The Cheremosh Folk Song and Dance Ensemble performs in the streets of the Old Town in Lviv, Ukraine. Getty
    The Cheremosh Folk Song and Dance Ensemble performs in the streets of the Old Town in Lviv, Ukraine. Getty
  • Eugene Grigorash says goodbye to his wife Victoria Grigorash and their seven-month-old son Roman as their bus leaves Lviv on its way to Poland. Getty
    Eugene Grigorash says goodbye to his wife Victoria Grigorash and their seven-month-old son Roman as their bus leaves Lviv on its way to Poland. Getty
  • People head for an air raid shelter after sirens sound across Lviv in Ukraine. Getty
    People head for an air raid shelter after sirens sound across Lviv in Ukraine. Getty
  • A pro-Ukraine rally at the Lincoln Memorial in Washington. EPA
    A pro-Ukraine rally at the Lincoln Memorial in Washington. EPA
  • The aftermath of an air strike on the western Ukrainian city of Lviv. AFP
    The aftermath of an air strike on the western Ukrainian city of Lviv. AFP
  • A protester weeps as she takes part in a 'mothers' march' for Ukraine, in New York. AFP
    A protester weeps as she takes part in a 'mothers' march' for Ukraine, in New York. AFP
  • Local people share a basement of a historical building which is being used as a bomb shelter during an air raid warning in Lviv. EPA
    Local people share a basement of a historical building which is being used as a bomb shelter during an air raid warning in Lviv. EPA
  • US President Joe Biden kisses a child while meeting refugees of Russia's war with Ukraine at PGE Narodowy Stadium in Warsaw, Poland. AFP
    US President Joe Biden kisses a child while meeting refugees of Russia's war with Ukraine at PGE Narodowy Stadium in Warsaw, Poland. AFP
  • A Ukrainian soldier stands guard at Independence Square in Kyiv. AFP
    A Ukrainian soldier stands guard at Independence Square in Kyiv. AFP
  • Municipal employees cover the city's monuments with sand bags to protect them from strikes in Kharkiv. AFP
    Municipal employees cover the city's monuments with sand bags to protect them from strikes in Kharkiv. AFP
  • Misha, 5, who lost his mother some weeks ago and got injured during a Russian strike, is helped by his grandfather to dress up in the basement of a hospital in Mykolaiv. AFP
    Misha, 5, who lost his mother some weeks ago and got injured during a Russian strike, is helped by his grandfather to dress up in the basement of a hospital in Mykolaiv. AFP
  • Ukrainian refugees rest in the ticket hall of Przemysl Glowny train station. Reuters
    Ukrainian refugees rest in the ticket hall of Przemysl Glowny train station. Reuters
  • A woman walks past destroyed houses in the village of Krasylivka outside Kyiv. Reuters
    A woman walks past destroyed houses in the village of Krasylivka outside Kyiv. Reuters
  • A man climbs up a ladder to examine his destroyed house in the village of Krasylivka outside Kyiv. Reuters
    A man climbs up a ladder to examine his destroyed house in the village of Krasylivka outside Kyiv. Reuters
  • Damage inside an Orthodox Church building in Yasnohorodka, on the outskirts of Kyiv. AP
    Damage inside an Orthodox Church building in Yasnohorodka, on the outskirts of Kyiv. AP
  • A Ukrainian soldier at a psychiatric hospital damaged by a Russian bombing, in Mykolaiv. AP
    A Ukrainian soldier at a psychiatric hospital damaged by a Russian bombing, in Mykolaiv. AP
  • Displaced people from Dnipro arrive in Lviv, in western Ukraine. Millions are internally displaced. Getty Images
    Displaced people from Dnipro arrive in Lviv, in western Ukraine. Millions are internally displaced. Getty Images
  • A destroyed school in Kharkiv. AFP
    A destroyed school in Kharkiv. AFP
  • A Ukrainian fighter on the front line in the north Kyiv region. Reuters
    A Ukrainian fighter on the front line in the north Kyiv region. Reuters
  • A resident walks past blazing buildings and vehicles after a Russian artillery strike in Kharkiv. AFP
    A resident walks past blazing buildings and vehicles after a Russian artillery strike in Kharkiv. AFP
  • Black smoke billows from a fuel depot near Kyiv that was used by the Ukrainian Army before it was hit by during a Russian strike. AP
    Black smoke billows from a fuel depot near Kyiv that was used by the Ukrainian Army before it was hit by during a Russian strike. AP
  • Masha, 26, checks her mobile phone at an air raid shelter inside a Kyiv metro station. Reuters
    Masha, 26, checks her mobile phone at an air raid shelter inside a Kyiv metro station. Reuters
  • A market on fire in Kharkiv after a Russian attack. AP
    A market on fire in Kharkiv after a Russian attack. AP
  • People try to recover items from a shop set on fire during a Russian attack in Kharkiv. AP
    People try to recover items from a shop set on fire during a Russian attack in Kharkiv. AP
  • Nastya Kuzyk, 20, who was injured in an attack on Chernihiv, is comforted by her mother Svitlana, 50, as she recovers in a Kyiv hospital. AP
    Nastya Kuzyk, 20, who was injured in an attack on Chernihiv, is comforted by her mother Svitlana, 50, as she recovers in a Kyiv hospital. AP

In the latest of his frank assessments of the performance of foreign leaders, which have stirred something of a bidding war for a coveted thumbs-up from Kyiv, Mr Zelenskyy offered guarded praise to UK Prime Minister Boris Johnson while giving a more critical verdict on the French and German leadership.

Mr Johnson "is a leader who is helping more" and Britain is "definitely on our side", said Mr Zelenskyy, although he could not say whether Britain wanted a swift Ukrainian victory or would accept a long war to weaken Russia.

By contrast, he said Germany was "making a mistake" with what he described as a more cautious policy and said remarks by French President Emmanuel Macron that leaders could not send tanks to Ukraine suggested they were "afraid of Russia".

The president said a Ukrainian victory in the war would mean saving as many lives as possible because its claims to land are important but "ultimately, it's just territory".

"We believe in victory. It’s impossible to believe in anything else," he said. "We will definitely win because this is our home, our land, our independence. It’s just a question of time."

Community Shield info

Where, when and at what time Wembley Stadium in London on Sunday at 5pm (UAE time)

Arsenal line up (3-4-2-1) Petr Cech; Rob Holding, Per Mertesacker, Nacho Monreal; Hector Bellerin, Mohamed Elneny, Granit Xhaka, Alex Oxlade-Chamberlain; Alex Iwobi, Danny Welbeck; Alexandre Lacazette

Arsenal manager Arsene Wenger

Chelsea line up (3-4-2-1) Thibaut Courtois; Cesar Azpilicueta, David Luiz, Gary Cahill; Victor Moses, Cesc Fabregas, N'Golo Kante, Marcos Alonso; Willian, Pedro; Michy Batshuayi

Chelsea manager Antonio Conte

Referee Bobby Madley

Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

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

The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

Key products and UAE prices

iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229

iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649

iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179

Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.

MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

UAE currency: the story behind the money in your pockets
UAE%20Warriors%20fight%20card
%3Cp%3EMain%20Event%0D%3A%20Catchweight%20165lb%0D%3Cbr%3EMartun%20Mezhulmyan%20(ARM)%20v%20Acoidan%20Duque%20(ESP)%0D%3Cbr%3ECo-Main%20Event%0D%3A%20Bantamweight%0D%3Cbr%3EFelipe%20Pereira%20(BRA)%20v%20Azamat%20Kerefov%20(RUS)%0D%3Cbr%3EMiddleweight%0D%3Cbr%3EMohamad%20Osseili%20(LEB)%20v%20Amir%20Fazli%20(IRN)%0D%3Cbr%3ECatchweight%20161%20lb%0D%3Cbr%3EZhu%20Rong%20(CHI)%20vs.%20Felipe%20Maia%20(BRA)%0D%3Cbr%3ECatchweight%20176%20lb%0D%3Cbr%3EHandesson%20Ferreira%20(BRA)%20vs.%20Ion%20Surdu%20(MDA)%0D%3Cbr%3ECatchweight%20168%20lb%0D%3Cbr%3EArtur%20Zaynukov%20(RUS)%20v%20Sargis%20Vardanyan%20(ARM)%0D%3Cbr%3EFeatherweight%0D%3Cbr%3EIlkhom%20Nazimov%20(UZB)%20v%20Khazar%20Rustamov%20(AZE)%0D%3Cbr%3EBantamweight%0D%3Cbr%3EJalal%20Al%20Daaja%20(JOR)%20v%20Mark%20Alcoba%20(PHI)%0D%3Cbr%3ELightweight%0D%3Cbr%3EJakhongir%20Jumaev%20(UZB)%20v%20Dylan%20Salvador%20(FRA)%0D%3Cbr%3ECatchweight%20143%20lb%0D%3Cbr%3EHikaru%20Yoshino%20(JPN)%20v%20Djamal%20Rustem%20(TUR)%0D%3Cbr%3EFeatherweight%0D%3Cbr%3EJavohir%20Imamov%20(UZB)%20v%20Ulan%20Tamgabaev%20(KAZ)%0D%3Cbr%3ECatchweight%20120%20lb%0D%3Cbr%3ELarissa%20Carvalho%20(BRA)%20v%20Elin%20Oberg%20(SWE)%0D%3Cbr%3ELightweight%0D%3Cbr%3EHussein%20Salem%20(IRQ)%20v%20Arlan%20Faurillo%20(PHI)%3C%2Fp%3E%0A
Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
bundesliga results

Mainz 0 Augsburg 1 (Niederlechner 1')

Schalke 1 (Caligiuri pen 51') Bayer Leverkusen 1 (Miranda og 81')

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E640hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20from%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E11.9L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh749%2C800%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
25-MAN SQUAD

Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi 
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze 

On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

MATCH INFO

Liverpool 0

Stoke City 0

Man of the Match: Erik Pieters (Stoke)

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

UAE currency: the story behind the money in your pockets
Healthy tips to remember

Here, Dr Mohamed El Abiary, paediatric consultant at Al Zahra Hospital Dubai, shares some advice for parents whose children are fasting during the holy month of Ramadan:

Gradual fasting and golden points - For children under the age of 10, follow a step-by-step approach to fasting and don't push them beyond their limits. Start with a few hours fasting a day and increase it to a half fast and full fast when the child is ready. Every individual's ability varies as per the age and personal readiness. You could introduce a points system that awards the child and offers them encouragement when they make progress with the amount of hours they fast

Why fast? - Explain to your child why they are fasting. By shedding light on the importance of abstaining from food and drink, children may feel more encouraged to give it there all during the observance period. It is also a good opportunity to teach children about controlling urges, doing good for others and instilling healthy food habits

Sleep and suhoor - A child needs adequate sleep every night - at least eight hours. Make sure to set a routine early bedtime so he/she has sufficient time to wake up for suhoor, which is an essential meal at the beginning of the day

Good diet - Nutritious food is crucial to ensuring a healthy Ramadan for children. They must refrain from eating too much junk food as well as canned goods and snacks and drinks high in sugar. Foods that are rich in nutrients, vitamins and proteins, like fruits, fresh meats and vegetables, make for a good balanced diet

F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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.”

MATCH INFO

Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD

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First Person
Richard Flanagan
Chatto & Windus 

RESULTS

Bantamweight: Jalal Al Daaja (JOR) beat Hamza Bougamza (MAR)

Catchweight 67kg: Mohamed El Mesbahi (MAR) beat Fouad Mesdari (ALG)

Lightweight: Abdullah Mohammed Ali (UAE) beat Abdelhak Amhidra (MAR)

Catchweight 73kg: Mosatafa Ibrahim Radi (PAL) beat Yazid Chouchane (ALG)

Middleweight: Yousri Belgaroui (TUN) beat Badreddine Diani (MAR)

Catchweight 78KG: Rashed Dawood (UAE) beat Adnan Bushashy (ALG)

Middleweight: Sallah-Eddine Dekhissi (MAR) beat Abdel Enam (EGY)

Catchweight 65kg: Yanis Ghemmouri (ALG) beat Rachid Hazoume (MAR)

Lightweight: Mohammed Yahya (UAE) beat Azouz Anwar (EGY)

Catchweight 79kg: Souhil Tahiri (ALG) beat Omar Hussein (PAL)

Middleweight: Tarek Suleiman (SYR) beat Laid Zerhouni (ALG)

The specs

Engine: 2.2-litre, turbodiesel

Transmission: 6-speed auto

Power: 160hp

Torque: 385Nm

Price: Dh116,900

On sale: now

Updated: March 28, 2022, 11:37 AM