A general view of the Kremlin, Red Square and St. Basil's Cathedral in central Moscow. AFP
A general view of the Kremlin, Red Square and St. Basil's Cathedral in central Moscow. AFP
A general view of the Kremlin, Red Square and St. Basil's Cathedral in central Moscow. AFP
A general view of the Kremlin, Red Square and St. Basil's Cathedral in central Moscow. AFP

Russia expels US diplomats in retaliatory move


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Russia on Wednesday said it was expelling US diplomats in retaliation for Washington's move to remove 12 of Moscow's representatives to the UN based in New York.

"On March 23, a note with the list of the American diplomats declared 'persona non grata' was handed to the head of the American diplomatic mission who was summoned to the Ministry of Foreign Affairs," the ministry said.

The decision was taken in response to the expulsion by Washington of Russian diplomats at the UN in New York, a source said.

  • World and US-led military alliance leaders gather at Nato headquarters in Brussels to discuss the war in Ukraine. Reuters
    World and US-led military alliance leaders gather at Nato headquarters in Brussels to discuss the war in Ukraine. Reuters
  • Smoke rises near a seaport in Berdyansk, Ukraine, whose navy reported it had sunk the Russian ship ‘Orsk’ in the Sea of Asov. AP Photo
    Smoke rises near a seaport in Berdyansk, Ukraine, whose navy reported it had sunk the Russian ship ‘Orsk’ in the Sea of Asov. AP Photo
  • Refugees with children wait for a transport after fleeing the war from neighbouring Ukraine at a railway station in Przemysl, Poland. AP Photo
    Refugees with children wait for a transport after fleeing the war from neighbouring Ukraine at a railway station in Przemysl, Poland. AP Photo
  • A girl sleeps as refugees from Ukraine wait at the railway station in Przemysl, Poland. More than half of Ukraine's children have already been displaced, Unicef said. AFP
    A girl sleeps as refugees from Ukraine wait at the railway station in Przemysl, Poland. More than half of Ukraine's children have already been displaced, Unicef said. AFP
  • A school destroyed in a Russian bomb in Kharkiv. AFP
    A school destroyed in a Russian bomb in Kharkiv. AFP
  • Ukrainian President Volodymyr Zelenskyy speaks from the capital Kyiv. AP
    Ukrainian President Volodymyr Zelenskyy speaks from the capital Kyiv. AP
  • Activists hold placards during a protest in solidarity with Ukraine, at Grand Central Station in New York. AFP
    Activists hold placards during a protest in solidarity with Ukraine, at Grand Central Station in New York. AFP
  • Ukrainian refugees take sandwiches at Krakow Airport before boarding a plane to Zurich, chartered by a Swiss millionaire. AFP
    Ukrainian refugees take sandwiches at Krakow Airport before boarding a plane to Zurich, chartered by a Swiss millionaire. AFP
  • A man collects clothes from a damaged house in the city of Zhytomyr, northern Ukraine. AFP
    A man collects clothes from a damaged house in the city of Zhytomyr, northern Ukraine. AFP
  • A customer checks his rifle in a gun shop in Lviv, western Ukraine. AP
    A customer checks his rifle in a gun shop in Lviv, western Ukraine. AP
  • A mother tends to her newborn baby in the shelter of a maternity ward in the city of Zhytomyr, northern Ukraine. AFP
    A mother tends to her newborn baby in the shelter of a maternity ward in the city of Zhytomyr, northern Ukraine. AFP
  • A serviceman carries the photo of Captain Andrei Paliy, a deputy commander of Russia's Black Sea Fleet, during a farewell ceremony in Sevastopol, Crimea. AP
    A serviceman carries the photo of Captain Andrei Paliy, a deputy commander of Russia's Black Sea Fleet, during a farewell ceremony in Sevastopol, Crimea. AP
  • A member of the Ukrainian Territorial Defence Forces stands in front of a damaged house in the city of Zhytomyr, northern Ukraine. AFP
    A member of the Ukrainian Territorial Defence Forces stands in front of a damaged house in the city of Zhytomyr, northern Ukraine. AFP
  • A Ukrainian serviceman guards a military check point in the city of Zhytomyr, northern Ukraine. AFP
    A Ukrainian serviceman guards a military check point in the city of Zhytomyr, northern Ukraine. AFP
  • Zinaida Bogdanova, a resident of the Ukrainian city of Mariupol, reacts as she stays at a temporary accommodation centre for evacuees located in the building of a local sports school in Taganrog in the Rostov region, Russia. Reuters
    Zinaida Bogdanova, a resident of the Ukrainian city of Mariupol, reacts as she stays at a temporary accommodation centre for evacuees located in the building of a local sports school in Taganrog in the Rostov region, Russia. Reuters
  • Children play in front of a building damaged in fighting during the Ukraine-Russia conflict, in the besieged southern port of Mariupol, Ukraine. Reuters
    Children play in front of a building damaged in fighting during the Ukraine-Russia conflict, in the besieged southern port of Mariupol, Ukraine. Reuters
  • Graves of residents killed by shelling during the Ukraine-Russia conflict are seen in a yard, in the besieged southern port of Mariupol, Ukraine. Reuters
    Graves of residents killed by shelling during the Ukraine-Russia conflict are seen in a yard, in the besieged southern port of Mariupol, Ukraine. Reuters
  • A Russian army soldier stands next to local residents who queue for humanitarian aid delivered during the Ukraine-Russia conflict, in the besieged southern port of Mariupol, Ukraine. Reuters
    A Russian army soldier stands next to local residents who queue for humanitarian aid delivered during the Ukraine-Russia conflict, in the besieged southern port of Mariupol, Ukraine. Reuters
  • A Ukrainian serviceman stands on guard as Kyiv Mayor Vitali Klitschko, right, speaks alongside his brother, former heavyweight boxing world champion, Wladimir Klitschko, in the Ukrainian capital. AP
    A Ukrainian serviceman stands on guard as Kyiv Mayor Vitali Klitschko, right, speaks alongside his brother, former heavyweight boxing world champion, Wladimir Klitschko, in the Ukrainian capital. AP
  • Family photos lie amid the rubble of the home of former teacher Natalia. The house, in Kyiv, was hit in a military strike. Reuters
    Family photos lie amid the rubble of the home of former teacher Natalia. The house, in Kyiv, was hit in a military strike. Reuters
  • A service member of pro-Russian troops, wearing a uniform without insignia, handles a mortar round at the weapons depot near Marinka, Donetsk. Reuters
    A service member of pro-Russian troops, wearing a uniform without insignia, handles a mortar round at the weapons depot near Marinka, Donetsk. Reuters
  • Volodymyr, 80, rests inside his apartment, which was damaged by shelling, in Kyiv. AP
    Volodymyr, 80, rests inside his apartment, which was damaged by shelling, in Kyiv. AP
  • This Maxar satellite image shows the remains of high-rise apartment buildings in Mariupol. AFP
    This Maxar satellite image shows the remains of high-rise apartment buildings in Mariupol. AFP
  • A man walks through a residential district of Kyiv that was damaged by shelling. Reuters
    A man walks through a residential district of Kyiv that was damaged by shelling. Reuters
  • A woman exercises near a car and apartments damaged by shelling, in Kyiv. AP
    A woman exercises near a car and apartments damaged by shelling, in Kyiv. AP
  • Volunteers at a beach fill sandbags to defend their city, Odesa, in southern Ukraine. AP
    Volunteers at a beach fill sandbags to defend their city, Odesa, in southern Ukraine. AP
  • A firefighter takes a break from extinguishing flames inside a house in Kyiv that was damaged by shelling. AP
    A firefighter takes a break from extinguishing flames inside a house in Kyiv that was damaged by shelling. AP
  • Rescuers conduct search operations and dismantle debris in Kharkiv, Ukraine. AFP
    Rescuers conduct search operations and dismantle debris in Kharkiv, Ukraine. AFP
  • People queue at a pharmacy in Kharkiv. AP
    People queue at a pharmacy in Kharkiv. AP
  • City workers cover the monument to Italian poet, writer and philosopher Dante Alighieri with sandbags to protect against Russian shelling in Kyiv. AFP
    City workers cover the monument to Italian poet, writer and philosopher Dante Alighieri with sandbags to protect against Russian shelling in Kyiv. AFP
  • Former teacher Natalia stands near the ruins of her house which was hit in a military strike in Kyiv, Ukraine. Reuters
    Former teacher Natalia stands near the ruins of her house which was hit in a military strike in Kyiv, Ukraine. Reuters
  • Locals clean the area at a residential district of Kyiv that was damaged by shelling, as Russia’s invasion of Ukraine continues. Reuters
    Locals clean the area at a residential district of Kyiv that was damaged by shelling, as Russia’s invasion of Ukraine continues. Reuters

"The US side has been given firm notice that any hostile action by the United States against Russia will be met with a resolute and appropriate response," the ministry said.

The US expelled 12 members of the Russian diplomatic mission to the UN on charges of "espionage" in early March amid an open crisis with Russia over Ukraine.

"The US has informed the Russian mission that we are beginning the process of expelling 12 intelligence operatives from the Russian mission who have abused their privileges of residency in the US by engaging in espionage activities that are adverse to our national security," said Olivia Dalton, spokeswoman for the US mission to the UN.

The Russian ambassador to the US, Anatoli Antonov, denounced it as a "hostile move", saying the actions were a cause of "deep disappointment and absolute rejection" in Moscow.

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

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.”

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Explainer: Tanween Design Programme

Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.

The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.

It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.

The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.

Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”

BUNDESLIGA FIXTURES

Friday Stuttgart v Cologne (Kick-off 10.30pm UAE)

Saturday RB Leipzig v Hertha Berlin (5.30pm)

Mainz v Borussia Monchengladbach (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Union Berlin v SC Freiburg (5.30pm)

Borussia Dortmund v Schalke (5.30pm)

Sunday Wolfsburg v Arminia (6.30pm)

Werder Bremen v Hoffenheim (9pm)

Bayer Leverkusen v Augsburg (11.30pm)

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Full list of Emmy 2020 nominations

LEAD ACTOR IN A COMEDY SERIES

Anthony Anderson, Black-ish
Don Cheadle, Black Monday
Ted Danson, The Good Place
Michael Douglas, The Kominsky Method
Eugene Levy, Schitt’s Creek
Ramy Youssef, Ramy

LEAD ACTRESS IN A COMEDY SERIES

Christina Applegate, Dead to Me
Rachel Brosnahan, The Marvelous Mrs. Maisel
Linda Cardellini, Dead to Me
Catherine O’Hara, Schitt’s Creek
Issa Rae, Insecure
Tracee Ellis Ross, Black-ish

OUTSTANDING VARIETY/TALK SERIES

The Daily Show with Trevor Noah
Full Frontal with Samantha Bee
Jimmy Kimmel Live
Last Week Tonight with John Oliver
The Late Show with Stephen Colbert

LEAD ACTOR IN A DRAMA SERIES

Jason Bateman, Ozark
Sterling K. Brown, This Is Us
Steve Carell, The Morning Show
Brian Cox, Succession
Billy Porter, Pose
Jeremy Strong, Succession

LEAD ACTRESS IN A DRAMA SERIES

Jennifer Aniston, The Morning Show
Olivia Colman, The Crown
Jodie Comer, Killing Eve
Laura Linney, Ozark
Sandra Oh, Killing Eve
Zendaya, Euphoria

OUTSTANDING REALITY/COMPETITION PROGRAM

The Masked Singer
Nailed It!
RuPaul’s Drag Race
Top Chef
The Voice

LEAD ACTOR IN A LIMITED SERIES/TV MOVIE

Jeremy Irons, Watchmen
Hugh Jackman, Bad Education
Paul Mescal, Normal People
Jeremy Pope, Hollywood
Mark Ruffalo, I Know This Much Is True

LEAD ACTRESS IN A LIMITED SERIES/TV MOVIE

Cate Blanchett, Mrs. America
Shira Haas, Unorthodox
Regina King, Watchmen
Octavia Spencer, Self Made
Kerry Washington, Little Fires Everywhere

OUTSTANDING LIMITED SERIES

Little Fires Everywhere
Mrs. America
Unbelievable
Unorthodox
Watchmen

OUTSTANDING COMEDY SERIES

Curb Your Enthusiasm
Dead to Me
The Good Place
Insecure
The Kominsky Method
The Marvelous Mrs. Maisel
Schitt’s Creek
What We Do In The Shadows

OUTSTANDING DRAMA SERIES

Better Call Saul
The Crown
The Handmaid’s Tale
Killing Eve
The Mandalorian
Ozark
Stranger Things
Succession

 

The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

The biog

Favourite food: Fish and seafood

Favourite hobby: Socialising with friends

Favourite quote: You only get out what you put in!

Favourite country to visit: Italy

Favourite film: Lock Stock and Two Smoking Barrels.

Family: We all have one!

Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

The specs: 2017 Porsche 718 Cayman

Price, base / as tested Dh222,500 / Dh296,870

Engine 2.0L, flat four-cylinder

Transmission Seven-speed PDK

Power 300hp @ 6,500rpm

Torque 380hp @ 1,950rpm

Fuel economy, combined 6.9L / 100km

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

The specs

Engine: 6.2-litre V8

Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

On sale: now

Updated: March 23, 2022, 10:20 PM