Leaders from all corners of Europe have assembled in Prague in a show of strength against Russia.
Despite initial scepticism at the idea for a new pan-European community dreamt up by French President Emmanuel Macron, diplomats have persuaded 43 countries to take part in the summit including Ukraine, Turkey and post-Brexit Britain.
European Union foreign policy chief Josep Borrell told reporters: “This meeting is a way of looking for a new order without Russia. It doesn’t mean that we want to exclude Russia forever, but this Russia — Putin’s Russia — has not a seat. Unhappily you cannot build a security order with Russia. Russia is isolated."
As she arrived, Iceland’s prime minister, Katrin Jakobsdottir, said: "What you will see here is that Europe stands in solidarity against the Russian invasion in Ukraine.”
Her Belgian counterpart, Alexander De Croo, said that “if you just look at the attendance here, you see the importance. The whole European continent is here, except two countries: Belarus and Russia. So it shows how isolated those two countries are.”
Leaders will discuss security, energy and the economy in the historic surroundings of Prague Castle, with officials stressing the informal nature of the gathering, known as the European Political Community.
“It’s a bit like New York,” one EU official said, comparing the summit to the annual gathering of leaders at the UN General Assembly.
“You have formal bilaterals. But they meet and they sit for coffee and it’s not scheduled as a bilateral. You also have the dinner and who you are sitting next to.”
Organisers want the inaugural summit to be as amicable as possible. No policy decisions are planned, meaning no bickering over texts, and leaders’ aides met last week to defuse possible points of tension in advance.
Still, diplomatic spats remain possible. Serbia can expect a grilling over its refusal to impose sanctions on Russia, while Azerbaijan and Armenia are both on the guest list only weeks after deadly clashes.
The new club received a boost when UK Prime Minister Liz Truss, who poured cold water on the idea when she was foreign secretary and has verbally sparred with Mr Macron, accepted her invitation to Prague.
European officials have been at pains to stress that the new community is not an “EU-plus” or a substitute for Nato, addressing potential British concerns. They instead compare the summit to gatherings such as the G7 or G20.
Ms Truss said Europe must “continue to stand firm” with Ukraine as she arrived in the Czech Republic.
The UK prime minister tweeted: “Europe is facing its biggest crisis since the Second World War with unity and resolve. We must continue to stand firm to ensure that Ukraine wins this war, dealing with the strategic challenges that it has exposed.”
She is expected to meet French leader Emmanuel Macron for a bilateral meeting after holding talks with him during a UN summit in New York last month.
Downing Street says Ms Truss’s talks with Mr Macron and Dutch Prime Minister Mark Rutte will focus on migration and aim to secure progress on joint operations to disrupt people-trafficking gangs.
Ms Truss is also expected to join Czech leader Petr Fiala for a working lunch.
Mujtaba Rahman, a former UK Treasury official who worked in London and Brussels, said Britain’s attendance could mark a turning point in its difficult post-Brexit relations with the EU.
The EPC’s most important achievement “may be to reintroduce post-Brexit UK back to the idea of European co-operation,” he said.
“This is not about a full British return to the EU. But something interesting is happening in relations between Truss’s beleaguered new government and its European neighbours.”
Ukrainian President Volodymyr Zelenskyy will address the summit remotely in its opening session, following interventions by Ms Truss, the Czech prime minister and others.
Mr Zelenskyy was also initially wary of the project after Mr Macron pitched it as a way of bringing Ukraine into the European fold without fast-tracking its EU membership bid, which he said could take decades.
Sceptics have variously described the new group as a waiting room, a car park, a second-class ticket, a second-tier Europe or a form of purgatory for countries hoping to one day join the EU.
“We reject any attempt to find an alternative that no one needs, or to find something else for Ukraine. We need to be like you,” Mr Zelenskyy told EU leaders in May.
However, officials insist the community is not a substitute for EU membership, and applicants including Albania, North Macedonia, Moldova and Georgia have accepted invitations to Prague.
Third countries including Norway, Switzerland and Iceland with no ambitions to join the EU are also taking part. Russia and Belarus are the only major countries not invited.
The EPC is not formally affiliated with the EU, although invitations were sent out by European Council president Charles Michel and the Czech EU presidency. The EU’s 27 leaders will stay on for separate talks on Friday.
Mr Michel wrote in an invitation letter that the aim is to “bring leaders together on an equal footing and to foster political dialogue and co-operation”.
A show of unity from so many European leaders against the backdrop of the war in Ukraine is “an important message towards Russia,” an EU official said.
Showing Europe’s interest in countries such as Armenia, in “what is sometimes considered as Moscow’s backyard, is I think of geopolitical importance,” they said.
The war in Ukraine has given something of a push to long-stalled EU membership applications, amid concern that countries will grow tired and drift into Russia’s orbit.
There was some debate about whether to invite Turkey to a club of like-minded democracies, but France said it favoured an inclusive approach and Greece said it did not object.
The 43 leaders will pose for an unusually large “family photo” in Prague, with Ukrainian Prime Minister Denys Shmyhal attending in person. Denmark’s Mette Frederiksen is the one leader too busy with domestic politics to attend.
They will then split into groups to discuss energy and security, although they can move tables and mingle with other leaders. Three hours are devoted to bilateral meetings before a final plenary discussion over dinner.
Only one formal decision is expected — which country hosts the next summit. The community is expected to meet approximately every six months. Britain has been tipped as a possible future host.
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
EMILY%20IN%20PARIS%3A%20SEASON%203
%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari
Sustainable Development Goals
1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its effects
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalise the global partnership for sustainable development
Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Results
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Captain Marvel
Director: Anna Boden, Ryan Fleck
Starring: Brie Larson, Samuel L Jackson, Jude Law, Ben Mendelsohn
4/5 stars
Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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
FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea