Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut. AP
Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut. AP
Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut. AP
Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut. AP

Russia's Wagner military group claims to hold 'eastern part' of Ukraine's Bakhmut


Simon Rushton
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Russia's Wagner military group has taken full control of the eastern part of the Ukrainian city of Bakhmut, its founder Yevgeny Prigozhin said on Wednesday.

If his claims are proven true, Russian forces would be in full control of almost half of the city.

“Units of the private military company Wagner have taken control of the eastern part of Bakhmut,” Mr Prigozhin said on the Telegram messaging platform.

“Everything east of the Bakhmutka River is completely under the control of Wagner,” he said.

Ukrainian President Volodymyr Zelenskyy has said his army remained intent on defending Bakhmut and warned the Russian army would have an “open road” into eastern Ukraine if it captured the town.

The battle for Bakhmut, a salt-mining town with a population of 80,000 before the fighting began, has lasted for months and become one of the war’s bloodiest battles.

Mr Zelenskyy said his armed forces were resolved to fight for Bakhmut.

“I had a meeting with the chief of staff yesterday and the chief military commanders online and offline … and they all talk that we have to stand strong in Bakhmut,” he said.

“Of course, we have to think about the lives of our military. But we have to do whatever we can whilst we're getting weapons, supplies and our army is getting ready for the counter-offensive.”

He added: “We understand that after Bakhmut they could go further. They could go to Kramatorsk, they could go to Sloviansk, it would be open road for the Russians after Bakhmut to other towns in Ukraine, in the Donetsk direction,” Prersident Zelenskyy said.

Last Friday, Mr Prigozhin said his forces had the city “practically surrounded”. The mercenary boss has appeared to issue premature claims of territorial gains in the past.

He has also clashed repeatedly with Russia's defence ministry, complaining that his men have been starved of the ammunition they need.

In a separate video posted on his Telegram channel later on Wednesday, standing in front of a tank with explosions raging in the background, Mr Prigozhin called on Mr Zelenskyy to “take the old people and children” out of the battered city.

Russian forces have been trying to seize Bakhmut for months.

If Russian forces do capture the city it will become their first significant territorial gain since last summer.

“Capturing [Bakhmut] will allow for further offensive operations deep into the defence lines of the Armed Forces of Ukraine,” Russian Defence Minister Sergei Shoigu has said.

Mr Prigozhin has estimated that between “12,000 and 20,000" Ukrainian troops were defending the city.

He said that while “very tough battles are ongoing both day and night”, Ukraine's fighters “are not running away”.

Both sides have said the Bakhmut battle has cost a significant number of troops, but neither gave figures.

Celta Vigo 2
Castro (45'), Aspas (82')

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Red card: Sergi Roberto (Barcelona)

The biog

Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."

Favourite author: Malcom Gladwell 

Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."

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Director: Jesse Armstrong

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The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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

POSSIBLE ENGLAND EURO 2020 SQUAD

Goalkeepers: Jordan Pickford, Nick Pope, Dean Henderson.
Defenders: Trent Alexander-Arnold, Kieran Trippier, Joe Gomez, John Stones, Harry Maguire, Tyrone Mings, Ben Chilwell, Fabian Delph.
Midfielders: Declan Rice, Harry Winks, Jordan Henderson, Ross Barkley, Mason Mount, Alex Oxlade-Chamberlain.
Forwards: Harry Kane, Raheem Sterling, Marcus Rashford, Jadon Sancho, Tammy Abraham, Callum Hudson-Odoi.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Indian origin executives leading top technology firms

Sundar Pichai

Chief executive, Google and Alphabet

Satya Nadella

Chief executive, Microsoft

Ajaypal Singh Banga

President and chief executive, Mastercard

Shantanu Narayen

Chief executive, chairman, and president, Adobe

Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo

 

 

Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

The biog

Age: 30

Position: Senior lab superintendent at Emirates Global Aluminium

Education: Bachelor of science in chemical engineering, post graduate degree in light metal reduction technology

Favourite part of job: The challenge, because it is challenging

Favourite quote: “Be the change you wish to see in the world,” Gandi

Updated: March 08, 2023, 9:36 AM