Ukrainian President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen in Kyiv on Thursday. AP
Ukrainian President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen in Kyiv on Thursday. AP
Ukrainian President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen in Kyiv on Thursday. AP
Ukrainian President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen in Kyiv on Thursday. AP

EU chief pledges unfaltering support for Ukraine in Kyiv visit


Soraya Ebrahimi
  • English
  • Arabic

Europe will support war-torn Ukraine for "as long as it takes", European Commission President Ursula von der Leyen said on Thursday, during a trip to Kyiv for talks on closer integration.

Ms von der Leyen's trip coincided with a meeting between Russian President Vladimir Putin and his increasingly close ally, Chinese leader Xi Jinping, in former Soviet state Uzbekistan.

The two leaders hailed their strategic ties in defiance of the West.

Thursday's visit was Ms von der Leyen's third to Ukraine since Russia invaded in February, but this was different.

"We will never be able to match the sacrifice that the Ukrainians are making," she said alongside Ukrainian President Volodymyr Zelenskyy.

"But what we can tell you is that you'll have your European friends by your side as long as it takes."

Ms von der Leyen also said that she wanted Mr Putin to face the International Criminal Court over war crimes in Ukraine.

"That Putin must lose this war and must face up to his actions, that is important to me," she told the TV channel of German news outlet Bild.

On her arrival in Ukraine, Ms von der Leyen said her talks with the country's leaders would be about "getting our economies and people closer."

Ukraine war latest - in pictures

  • Ukrainian firefighters at a thermal power plant damaged by a Russian missile strike, in Kharkiv. Reuters
    Ukrainian firefighters at a thermal power plant damaged by a Russian missile strike, in Kharkiv. Reuters
  • Rescuers in Kharkiv extinguish a fire after a rocket strike. EPA
    Rescuers in Kharkiv extinguish a fire after a rocket strike. EPA
  • Ukrainian soldiers and local officials are greeted by residents with hugs and handshakes in the village of Kozacha. Reuters
    Ukrainian soldiers and local officials are greeted by residents with hugs and handshakes in the village of Kozacha. Reuters
  • The charred remains of a Russian tank in territory retaken by Ukraine in the Kharkiv region. AP
    The charred remains of a Russian tank in territory retaken by Ukraine in the Kharkiv region. AP
  • Half-submerged Russian tanks amid the Ukrainian counter-offensive in Kharkiv. AFP
    Half-submerged Russian tanks amid the Ukrainian counter-offensive in Kharkiv. AFP
  • A Russian poster is pulled from a billboard to reveal a poem by Ukrainian Taras Shevchenko in Balakliia, Kharkiv. Reuters
    A Russian poster is pulled from a billboard to reveal a poem by Ukrainian Taras Shevchenko in Balakliia, Kharkiv. Reuters
  • Ukrainian troops in the recently retaken settlement of Vasylenkove. Reuters
    Ukrainian troops in the recently retaken settlement of Vasylenkove. Reuters
  • Charred armoured cars litter the road in Balakliia. AFP
    Charred armoured cars litter the road in Balakliia. AFP
  • A burnt-out tank in Kharkiv region. AFP
    A burnt-out tank in Kharkiv region. AFP
  • Ukrainian flags are placed on statues in a square in Balakliia. AFP
    Ukrainian flags are placed on statues in a square in Balakliia. AFP
  • Shell holes pepper the Misto entertainment complex in Kharkiv. EPA
    Shell holes pepper the Misto entertainment complex in Kharkiv. EPA
  • Fixing windows in the damaged Misto complex. EPA
    Fixing windows in the damaged Misto complex. EPA

Kyiv gained EU candidacy status in June at the same time as former Soviet state Moldova, which shares a border with Ukraine.

Like its neighbour, Moldova has had Russian troops stationed in an eastern breakaway region.

Mr Zelenskyy said his country wanted to join the European single market before a decision was made on whether to grant Kyiv full EU membership.

The historic candidacy vote angered Moscow, which has tried to retain political and military influence in Ukraine and Moldova since the collapse of the Soviet Union three decades ago.

Zaporizhzhia latest - in pictures

  • Jeffrey DeLaurentis, US ambassador for special political affairs, speaks during a UN Security Council meeting on the situation at the Zaporizhzhia nuclear power plant in Ukraine. Getty Images / AFP
    Jeffrey DeLaurentis, US ambassador for special political affairs, speaks during a UN Security Council meeting on the situation at the Zaporizhzhia nuclear power plant in Ukraine. Getty Images / AFP
  • Russian Ambassador to the UN Vasily Nebenzya speaks during a UN Security Council meeting on the situation at the Zaporizhzhia nuclear power plant in Ukraine. Getty Images / AFP
    Russian Ambassador to the UN Vasily Nebenzya speaks during a UN Security Council meeting on the situation at the Zaporizhzhia nuclear power plant in Ukraine. Getty Images / AFP
  • UN Secretary General Antonio Guterres was told by the International Atomic Energy Agency that inspectors on the ground were 'gravely concerned' after finding damage caused to buildings at the plant. Getty Images / AFP
    UN Secretary General Antonio Guterres was told by the International Atomic Energy Agency that inspectors on the ground were 'gravely concerned' after finding damage caused to buildings at the plant. Getty Images / AFP
  • Members of the UN Security Council attend a meeting on Tuesday. Getty Images / AFP
    Members of the UN Security Council attend a meeting on Tuesday. Getty Images / AFP
  • IAEA Director General Rafael Grossi speaks to reporters as the agency prepares to visit the Zaporizhzhia nuclear power plant. AP
    IAEA Director General Rafael Grossi speaks to reporters as the agency prepares to visit the Zaporizhzhia nuclear power plant. AP
  • Mr Grossi and 13 of his colleagues inspected the plant that is on the front line of the Russian war in Ukraine. Getty Images
    Mr Grossi and 13 of his colleagues inspected the plant that is on the front line of the Russian war in Ukraine. Getty Images
  • Refugees from eastern Ukraine receive humanitarian aid at a distribution point in Zaporizhzhia. AP
    Refugees from eastern Ukraine receive humanitarian aid at a distribution point in Zaporizhzhia. AP
  • Refugees from eastern Ukraine receive humanitarian aid. AP
    Refugees from eastern Ukraine receive humanitarian aid. AP
  • A Russian serviceman guards an area of the Zaporizhzhia nuclear power station. AP
    A Russian serviceman guards an area of the Zaporizhzhia nuclear power station. AP
  • Girls play as a woman distributes iodine tablets to residents at a local school in case of a radiation leak in Zaporizhzhia. AP
    Girls play as a woman distributes iodine tablets to residents at a local school in case of a radiation leak in Zaporizhzhia. AP
  • A woman and her daughter stand in front of their house in the village of Zorya, located about 20 kilometres from the nuclear power plant. AP
    A woman and her daughter stand in front of their house in the village of Zorya, located about 20 kilometres from the nuclear power plant. AP
  • A pack of iodine tablets being distributed at a local school in case of a radiation leak in Zaporizhzhia. AP
    A pack of iodine tablets being distributed at a local school in case of a radiation leak in Zaporizhzhia. AP
  • Residents in the village of Zorya say that it's not the shelling that scares them most but the risk of a leak in the plant. AP
    Residents in the village of Zorya say that it's not the shelling that scares them most but the risk of a leak in the plant. AP
  • Heavy fighting continues near Europe's largest nuclear power plant. AP
    Heavy fighting continues near Europe's largest nuclear power plant. AP
  • People wait for their turn to get iodine tablets in Zaporizhzhia. AP
    People wait for their turn to get iodine tablets in Zaporizhzhia. AP
  • Broken windows at a building at the Russian-controlled Zaporizhzhia plant. Reuters
    Broken windows at a building at the Russian-controlled Zaporizhzhia plant. Reuters
  • A motorcade carrying members of the IAEA leaves after inspecting the plant. AP
    A motorcade carrying members of the IAEA leaves after inspecting the plant. AP
  • Agency team members inspect the Zaporizhzhia plant. AP
    Agency team members inspect the Zaporizhzhia plant. AP
  • A general view of a crater left by a Russian missile strike, as Russia's attack on Ukraine continues. Reuters
    A general view of a crater left by a Russian missile strike, as Russia's attack on Ukraine continues. Reuters
  • During several hours of work at the Zaporizhzhia plant, the IAEA mission received key information about the situation at the nuclear power plant from personnel. EPA
    During several hours of work at the Zaporizhzhia plant, the IAEA mission received key information about the situation at the nuclear power plant from personnel. EPA
  • A picture taken during a visit organised by the Russian military shows international journalists around a drone near Zaporizhzhia. EPA
    A picture taken during a visit organised by the Russian military shows international journalists around a drone near Zaporizhzhia. EPA
  • A missile outside the Zaporizhzhia plant. EPA
    A missile outside the Zaporizhzhia plant. EPA
  • A view of the Ukrainian plant. EPA
    A view of the Ukrainian plant. EPA
  • A picture taken during a visit organised by the Russian military shows Russian servicemen on guard at the plant. EPA
    A picture taken during a visit organised by the Russian military shows Russian servicemen on guard at the plant. EPA
  • IAEA Director General Rafael Grossi and agency members inspect the Zaporizhzhia plant. EPA
    IAEA Director General Rafael Grossi and agency members inspect the Zaporizhzhia plant. EPA
  • A Ukrainian serviceman with a bomb-sniffing dog checks a motorcade transporting part of the IAEA mission. Reuters
    A Ukrainian serviceman with a bomb-sniffing dog checks a motorcade transporting part of the IAEA mission. Reuters
  • Mr Grossi speaks with journalists after he and a part of the IAEA mission returned from inspections. Reuters
    Mr Grossi speaks with journalists after he and a part of the IAEA mission returned from inspections. Reuters
  • A Russian military convoy is seen in May on the road towards the Zaporizhzhia plant. AP
    A Russian military convoy is seen in May on the road towards the Zaporizhzhia plant. AP

EU countries have staunchly supported Ukraine since Moscow invaded by imposing economic penalties on Russia.

Many members of the bloc have supplied Kyiv with advanced weapons that have helped Ukrainian forces in recent weeks to recapture large areas of territory.

Germany's Defence Minister, Christine Lambrecht, on Thursday pledged more weapons, saying Berlin will provide armoured vehicles and rocket-launch systems but not the battle tanks sought by Ukraine.

Ms von der Leyen said just before her trip that the waves of EU sanctions against Russia would remain and that Europeans must keep their resolve against Moscow.

"I want to make it very clear, the sanctions are here to stay," she told the European Parliament.

IAEA issues warning over military activity near Zaporizhzhia nuclear plant - video

The Kremlin maintains that Russia has weathered the economic penalties and Moscow has responded by reducing or halting entirely gas flows to European countries.

With winter fast approaching, this has forced the EU to find alternative supplies, agree on plans to cut consumption and introduce financial support amid soaring prices.

Ukrainian energy plants including Zaporizhzhia, Europe's biggest nuclear plant, have been hit by Russian strikes.

The UN nuclear agency on Thursday asked Russia to withdraw its troops from Zaporizhzhia, diplomats said.

Ukraine's forces have posted slow but steady gains in the southern Kherson region near the Black Sea.

The Ukrainian presidency said on Thursday that intense fighting was continuing around that southern front, and that the military situation "remains extremely difficult."

Local officials in the region around Mr Zelenskyy's hometown of Kryvyi Rih reported more Russian strikes on Thursday after attacks damaged a dam and left dozens of homes flooded.

Zaporizhzhia nuclear power plant attacked - in pictures

  • A bright flaring object lands near the nuclear plant in Enerhodar, Ukraine. AP
    A bright flaring object lands near the nuclear plant in Enerhodar, Ukraine. AP
  • Russian forces shelled Europe’s largest nuclear plant early on Friday. AP
    Russian forces shelled Europe’s largest nuclear plant early on Friday. AP
  • Surveillance camera footage shows a flare landing at the Zaporizhzhia nuclear power plant. Reuters
    Surveillance camera footage shows a flare landing at the Zaporizhzhia nuclear power plant. Reuters
  • The flare lands at the plant. Reuters
    The flare lands at the plant. Reuters
  • Multiple blasts at the plant were recorded. AFP
    Multiple blasts at the plant were recorded. AFP
  • Ukrainian President Volodymyr Zelenskiy makes a statement following the attack. Reuters
    Ukrainian President Volodymyr Zelenskiy makes a statement following the attack. Reuters
  • The Zaporizhzhia nuclear power plant in Enerhodar, Ukraine, on September 2, 2019. AP
    The Zaporizhzhia nuclear power plant in Enerhodar, Ukraine, on September 2, 2019. AP
  • A power-generating unit at the Zaporizhzhia nuclear power plant. AP Photo
    A power-generating unit at the Zaporizhzhia nuclear power plant. AP Photo

In the eastern Donetsk region, which has been partly controlled by Russian-backed separatists since 2014, shelling killed two civilians and wounded 13.

In the Ukrainian-held Donetsk town of Bakhmut, streets were deserted and the nearby artillery could be heard in the town's centre, AFP reported.

A residential building hit by Russian strikes overnight was still on fire, with thick smoke rising as firefighters battled the blaze.

At the meeting in Uzbekistan, Mr Putin criticised attempts to create a "unipolar world" and praised China's stance on the conflict.

"We highly appreciate the balanced position of our Chinese friends in connection with the Ukrainian crisis," Mr Putin told Mr Xi.

Beijing has not explicitly endorsed Moscow's invasion but has steadily built economic and strategic ties with Russia over the six months of the war.

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%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Lupita%20Nyong'o%2C%20Joseph%20Quinn%2C%20Djimon%20Hounsou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EMichael%20Sarnoski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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 biog

Age: 32

Qualifications: Diploma in engineering from TSI Technical Institute, bachelor’s degree in accounting from Dubai’s Al Ghurair University, master’s degree in human resources from Abu Dhabi University, currently third years PHD in strategy of human resources.

Favourite mountain range: The Himalayas

Favourite experience: Two months trekking in Alaska

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books 

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

LIGUE 1 FIXTURES

All times UAE ( 4 GMT)

Friday
Nice v Angers (9pm)
Lille v Monaco (10.45pm)

Saturday
Montpellier v Paris Saint-Germain (7pm)
Bordeaux v Guingamp (10pm)
Caen v Amiens (10pm)
Lyon v Dijon (10pm)
Metz v Troyes (10pm)

Sunday
Saint-Etienne v Rennes (5pm)
Strasbourg v Nantes (7pm)
Marseille v Toulouse (11pm)

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.
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

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.”

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

UAE currency: the story behind the money in your pockets
Updated: September 15, 2022, 11:15 PM