Emergency workers put out fires in Kyiv after a Russian missile strike. Reuters
Emergency workers put out fires in Kyiv after a Russian missile strike. Reuters
Emergency workers put out fires in Kyiv after a Russian missile strike. Reuters
Emergency workers put out fires in Kyiv after a Russian missile strike. Reuters

Blackouts in Ukrainian cities as Russia launches barrage of missile strikes


Gillian Duncan
  • English
  • Arabic

Russia pounded Ukraine overnight with more than 80 missiles, knocking out the power supply to Europe's largest nuclear plant and plunging parts of the country into darkness.

Russia said its forces had carried out the "massive retaliatory strike" on Ukrainian infrastructure in revenge for what it called a "terrorist attack" in its Bryansk region, which borders Ukraine, last week, when members of a group called the Russian Volunteer Corps staged an incursion.

Ukraine said at least six civilians were killed in the overnight attacks, which were the first sustained volley of Russian missile strikes since the middle of last month.

Ukrainian President Volodymyr Zelenskyy said infrastructure and residential buildings in 10 regions had been hit.

"The occupiers can only terrorise civilians," he said.

The Zaporizhzhia nuclear power plant, which Russian forces captured a year ago, was left depending on generators on Thursday.

A large-scale air assault damaged infrastructure that had been delivering electricity to the plant, Ukrainian state power company Energoatom said in a statement.

"The last link between the occupied Zaporizhzhia nuclear power plant and the Ukrainian power system was cut off," Energoatom said.

The fifth and sixth reactors have been shut down and electric power needed for the plant's functioning is supplied by 18 diesel generators, which have enough fuel for 10 days, the company added.

Rafael Grossi, director general of the International Atomic Energy Agency (IAEA), issued a stark warning about the dangers of the Russian attacks near the plant on Thursday.

“How can we sit here in this room, this morning and allow this to happen?" he said.

“This cannot go on. I am astonished by the complacency. Yes, the complacency. What are we doing to prevent this from happening? We are the IAEA. We are meant to care about nuclear safety.

“Each time we are rolling a dice. And if we allow this to continue time after time then one day our luck will run out.”

Mykhailo Podolyak, an aide to the Ukrainian President, said the Russian military had launched massive missile attacks at night, while people were sleeping.

He said explosions were recorded in most regions.

"Infrastructure facilities and residential areas have been hit. ZNPP [Zaporizhzhia nuclear power plant] is de-energised," Mr Podolyak said in a post on Twitter. Parts of Ukraine were without electricity and water, he tweeted.

A Russian serviceman stands guard outside the second reactor of the Zaporizhzhia nuclear power station in Energodar. AFP
A Russian serviceman stands guard outside the second reactor of the Zaporizhzhia nuclear power station in Energodar. AFP

Ukraine shot down nearly three dozen missiles fired by Russia.

"Last night, the enemy launched a massive missile attack on the critical infrastructure of Ukraine. It launched 81 missiles from different bases," Ukraine’s commander-in-chief, Gen Valery Zaluzhny, said in a statement on social media.

"Ukraine destroyed 34 cruise missiles."

The capital, Kyiv, the Black Sea port of Odesa and the second-largest city, Kharkiv, were all hit.

There were no immediate reports of casualties.

Air raid sirens sounded over Kyiv for seven hours, and Ukrainian air defences shot down drones and cruise missiles, though preliminary reports said a hypersonic missile had struck its target.

"Unfortunately, a missile of the Kinzhal type hit an infrastructure object," said Serhiy Popko, the head of Kyiv region's military administration.

Kyiv mayor Vitali Klitschko said explosions were registered in the south-western part of the city and rescue services were on their way. Some residents reported power cuts.

Kharkiv governor Oleg Synegubov said there had been 15 strikes on the north-eastern city that borders Russia. "The occupiers once again targeted critical infrastructure facilities."

Kharkiv mayor Igor Terekhov said "energy infrastructure" had been targeted and there were problems with electricity in some parts of the city.

The governor of Odesa region, Maksym Marchenko, said a mass missile attack had hit an energy complex in the port city, triggering power cuts.

"As a result of a mass missile strike, an energy infrastructure site was hit in the region as well as residences," Mr Marchenko said on Telegram. He said anti-aircraft units had downed some missiles and new attacks could follow.

"Fortunately, there are no casualties. Electricity restrictions are in effect."

The governor of Odesa region, Maksym Marchenko, said a mass missile attack had hit an energy c in the port city, triggering power cuts.

Meanwhile, Ukrainian forces continued to repel fierce assaults on the beleaguered town of Bakhmut.

The fighting there has been some of the bloodiest since the invasion of Ukraine in February last year, but so far the Russian military claims only to have taken the eastern half of the town.

"The enemy continued its attacks and has shown no sign of a letup in storming the city of Bakhmut," the General Staff of the Ukrainian armed forces said on Facebook.

"Our defenders repelled attacks on Bakhmut and on surrounding communities."

President Volodymyr Zelenskyy said in a video address late on Wednesday that the battle for Bakhmut and the surrounding Donbas region was "our first priority".

Yevgeny Prigozhin, head of the Russian mercenary group Wagner, said his fighters had captured the eastern part of Bakhmut.

"Everything east of the Bakhmutka River is completely under the control of Wagner," Mr Prigozhin said in a post on Telegram.

Iryna Vereshchuk, a deputy Ukrainian premier, said fewer than 4,000 civilians, including 38 children, out of a prewar population of 70,000 remained in Bakhmut.

Nato Secretary General Jens Stoltenberg warned that Russia was throwing more troops into the battle and said the town may soon fall.

"They have suffered big losses, but at the same time we cannot rule out that Bakhmut may eventually fall in the coming days," said Mr Stoltenberg before a meeting of EU defence ministers in Stockholm.

At the meeting it was agreed to speed up the supply of artillery rounds and buy more shells to help Ukraine's military in the fight.

STAGE 4 RESULTS

1 Sam Bennett (IRL) Deceuninck-QuickStep - 4:51:51

2 David Dekker (NED) Team Jumbo-Visma

3 Caleb Ewan (AUS) Lotto Soudal 

4 Elia Viviani (ITA) Cofidis

5 Matteo Moschetti (ITA) Trek-Segafredo

General Classification

1 Tadej Pogacar (SLO) UAE Team Emirates - 12:50:21

2 Adam Yates (GBR) Teamn Ineos Grenadiers - 0:00:43

3 Joao Almeida (POR) Deceuninck-QuickStep - 0:01:03

4 Chris Harper (AUS) Jumbo-Visma - 0:01:43

5 Neilson Powless (USA) EF Education-Nippo - 0:01:45

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.”

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

INFO

What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.

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

Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke​​​​​​​
​​​​​​​Two stars

The cost of Covid testing around the world

Egypt

Dh514 for citizens; Dh865 for tourists

Information can be found through VFS Global.

Jordan

Dh212

Centres include the Speciality Hospital, which now offers drive-through testing.

Cambodia

Dh478

Travel tests are managed by the Ministry of Health and National Institute of Public Health.

Zanzibar

AED 295

Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.

Abu Dhabi

Dh85

Abu Dhabi’s Seha has test centres throughout the UAE.

UK

From Dh400

Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.

Women’s T20 World Cup Asia Qualifier

ICC Academy, November 22-28

UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal

ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan 

UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Match info

Champions League quarter-final, first leg

Liverpool v Porto, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

Key fixtures from January 5-7

Watford v Bristol City

Liverpool v Everton

Brighton v Crystal Palace

Bournemouth v AFC Fylde or Wigan

Coventry v Stoke City

Nottingham Forest v Arsenal

Manchester United v Derby

Forest Green or Exeter v West Brom

Tottenham v AFC Wimbledon

Fleetwood or Hereford v Leicester City

Manchester City v Burnley

Shrewsbury v West Ham United

Wolves v Swansea City

Newcastle United v Luton Town

Fulham v Southampton

Norwich City v Chelsea

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

RACE CARD

5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.

Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

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

Updated: March 09, 2023, 12:21 PM