Live updates: follow the latest news on Russia-Ukraine
President Joe Biden announced another $800 million in US military aid for Ukraine on Wednesday, but did not change his position on a no-fly zone over the European country despite Ukrainian President Volodymyr Zelenskyy making an urgent request directly to the US Congress.
The package includes 800 Stinger anti-aircraft systems, 2,000 Javelin anti-tank missiles and 100 drones.
"The American people will be steadfast in our support and the people of Ukraine in the face of [Russian President Vladimir] Putin's immoral, unethical attacks on civilian populations," Mr Biden said at the White House.
"We're going to continue to have their backs as they fight for their freedom, their democracy, their very survival."
Mr Zelenskyy earlier gave a 20-minute video address to the US Congress, where he pleaded once more for a no-fly zone over Ukraine.
“Russia has turned the Ukrainian sky into a source of death for thousands of people,” Mr Zelenskyy said.
“Russian troops have already fired nearly 1,000 missiles at Ukraine — countless bombs. They use drones to kill us with precision. This is a terror that Europe has not seen for 80 years."
While Mr Biden agreed to provide Mr Zelenskyy with the aerial defence systems he requested, his administration has repeatedly stated its opposition to Ukraine's continued request for a no-fly zone as the US fears such a move would spark a broader conflict between Russia and Nato.
Mr Biden noted that the US has authorised Ukraine $1 billion in security aid this week alone, adding America will continue to give Ukraine weapons, offer humanitarian relief and support Ukraine's economy with additional financial assistance.
He called Mr Zelenskyy's address a “convincing, significant speech for a people who have shown remarkable courage and strength in the face of brutal aggression". At a subsequent event in the White House, Mr Biden called Mr Putin a "war criminal".
Also on Wednesday, White House National Security Advisor Jake Sullivan spoke with Gen Nikolai Patrushev, secretary of the Russian Security Council, in the highest-level US-Russia talks since the war began.
According to a White House readout of the call, Mr Sullivan said the US would continue to impose costs on Russia and supporting Ukraine’s sovereignty.
“Mr Sullivan told Gen Patrushev that if Russia is serious about diplomacy then Moscow should stop attacking Ukrainian cities and towns,” the readout stated.
“Mr Sullivan also warned General Patrushev about the consequences and implications of any possible Russian decision to use chemical or biological weapons in Ukraine.”
According to the White House, the new $800 million US assistance package includes:
- 800 Stinger anti-aircraft systems
- 2,000 Javelin, 1,000 light anti-armour weapons, and 6,000 AT-4 anti-armour systems
- 100 tactical drones
- 100 grenade launchers, 5,000 rifles, 1,000 pistols, 400 machine guns, and 400 shotguns
- Over 20 million rounds of small arms ammunition and grenade launcher and mortar rounds
- 25,000 sets of body armour and helmets
Mr Biden also pledged to help Ukraine find and procure longer range anti-aircraft systems, at Mr Zelenskyy's request.
The executive order announcing the additional assistance comes after Mr Biden signed a government funding bill into law last week that includes $13.6 billion in additional military and economic aid for Ukraine.
Cognisant of US reluctance to allow a no-fly zone, Mr Zelenskyy suggested that the transfer of fighter jets to Ukraine and additional aerial defence systems could serve as an alternative.
“You know what kind of defence systems we need — S-300 and other similar systems,” he said, referring to the Soviet-designed surface-to-air missile system.
“You know how much depends on the battlefield, on the ability to use aircraft — powerful, strong aviation to protect our people, our freedom, our land.”
The Ukrainian military is largely accustomed to using Soviet and Russian-designed equipment, rendering transfers of US-made materiel that its armed forces are not trained to use largely unfeasible.
But Ukraine has sought advanced fighter jets from Nato allies such as Poland that use Soviet-designed systems.
Poland last week proposed to indirectly transfer its fleet of 28 MiG-29 fighter jets to Ukraine by first placing them in US custody at a Nato base in Germany. Warsaw did not consult with Washington before making the surprise announcement and the Biden administration ultimately rejected the proposal.
A Pentagon official told Congress last week that additional fighter jets would not result in “significant effectiveness” for the Ukrainian military and that the US remains largely focused on providing Ukraine with additional air defence and anti-armour capabilities — drawing bipartisan pushback from several members of Congress.
To make his case for increased assistance, Mr Zelenskyy invoked several motifs recognisable to an American audience, including the September 11 attacks and Martin Luther King Jr’s “I Have a Dream” speech.
He noted that Ukraine has experienced a September 11 attack “every night for three weeks now”, showing a video illustrating the devastation wrought by Russian air strikes on civilian targets.
“'I have a dream,'” said Mr Zelenskyy. “These words are known to each of you today. I can say, I have a need. I need to protect our sky.”
The Ukrainian president also told Congress that “new packages of sanctions are needed constantly every week until the Russian military machine stops".
“We propose that the United States sanction all politicians in the Russian Federation who remain in their offices and do not cut ties with those who are responsible for the aggression against Ukraine.”
For his part, Mr Biden vowed to keep up pressure on the Russian economy to make Mr Putin “pay the price” for the invasion and “weaken his position".
Mr Zelenskyy also asked members of Congress to exert their influence in their states and districts to pressure American companies to continue to divest from and pull out of the Russian market.
Several large American companies, including McDonalds, Starbucks, Pepsi and Netflix have already closed their businesses in Russia.
“All American companies must leave Russia,” he said. “I’m asking to make sure that the Russians do not receive a single penny that they use to destroy people in Ukraine.”
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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.
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EWafeq%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%202019%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENadim%20Alameddine%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cstrong%3E%3Cbr%3EIndustry%3A%20%3C%2Fstrong%3Esoftware%20as%20a%20service%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20%3C%2Fstrong%3E%243%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ERaed%20Ventures%20and%20Wamda%2C%20among%20others%3C%2Fp%3E%0A
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EEjari%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EYazeed%20Al%20Shamsi%2C%20Fahad%20Albedah%2C%20Mohammed%20Alkhelewy%20and%20Khalid%20Almunif%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EPropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ESanabil%20500%20Mena%2C%20Hambro%20Perks'%20Oryx%20Fund%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E8%3C%2Fp%3E%0A
Masters%20of%20the%20Air
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Cary%20Joji%20Fukunaga%2C%20Dee%20Rees%2C%20Anna%20Boden%2C%20Ryan%20Fleck%2C%20Tim%20Van%20Patten%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Austin%20Butler%2C%20Callum%20Turner%2C%20Anthony%20Boyle%2C%20Barry%20Keoghan%2C%20Sawyer%20Spielberg%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%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