Spain floods: Rescuers search for victims as death toll rises to 158


Gillian Duncan
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Rescuers searched fields and stranded cars in the Valencia region of Spain on Thursday for people missing in floods that have wreaked havoc, killing dozens, amid fears the death toll will rise.

Spain’s worst flooding in decades, caused by rainstorms that started on Tuesday and continued into Wednesday, left towns submerged in muddy water with overturned cars scattered in the streets.

Authorities confirmed on Thursday that the death toll had reached 158 and they are continuing to search for an unknown number of missing people.

“Unfortunately, there are dead people inside some vehicles,” said Transport Minister Oscar Puente.

Regional authorities said late on Wednesday that no one appeared to be still stranded on rooftops or needing to be rescued from cars after helicopters saved about 70 people. “Our priority is to find the victims and the missing so we can help end the suffering of their families,” Spanish Prime Minister Pedro Sanchez said after meeting with regional officials and emergency services in Valencia on Thursday, the first of three official days of mourning.

About 1,000 troops joined police and firefighters to search for bodies. The toll will rise because “there are many missing people”, Territorial Policy Minister Angel Victor Torres said on Wednesday.

Spanish floods – in pictures

  • People walk through mud and debris after flash floods in the Paiporta area of Valencia, Spain. EPA
    People walk through mud and debris after flash floods in the Paiporta area of Valencia, Spain. EPA
  • The deadly floods left cars strewn across streets in Sedavi, Valencia. Reuters
    The deadly floods left cars strewn across streets in Sedavi, Valencia. Reuters
  • The flooding was caused by storms that brought heavy rain to high ground in the region. Reuters
    The flooding was caused by storms that brought heavy rain to high ground in the region. Reuters
  • People walk cars swept aside by the flash floods, in the Alfafar municipality. Getty Images
    People walk cars swept aside by the flash floods, in the Alfafar municipality. Getty Images
  • A flooded cemetery in Paiporta. Reuters
    A flooded cemetery in Paiporta. Reuters
  • Flood damage in Alfafar. Authorities in Spain have been accused of failing to warn residents in time. Reuters
    Flood damage in Alfafar. Authorities in Spain have been accused of failing to warn residents in time. Reuters
  • Vehicles submerged by floodwater in Valencia. AP
    Vehicles submerged by floodwater in Valencia. AP
  • Vehicles piled up after being swept away by floods in Valencia, Spain. AP
    Vehicles piled up after being swept away by floods in Valencia, Spain. AP
  • Debris and cars jammed on a bridge after flooding in Torrent, Valencia. Reuters
    Debris and cars jammed on a bridge after flooding in Torrent, Valencia. Reuters
  • A man places a blanket at the entrance of a garage to keep out flood water, in Castellon de la Plana, Valencia. EPA
    A man places a blanket at the entrance of a garage to keep out flood water, in Castellon de la Plana, Valencia. EPA
  • Cars and lorries swept off a motorway in Valencia. AP
    Cars and lorries swept off a motorway in Valencia. AP
  • Wading through flood water in Castellon de la Plana. EPA
    Wading through flood water in Castellon de la Plana. EPA
  • The floods killed dozens and caused damage estimated to be worth hundreds of millions. Reuters
    The floods killed dozens and caused damage estimated to be worth hundreds of millions. Reuters
  • People clean their houses affected by floods in Utiel, Spain. AP
    People clean their houses affected by floods in Utiel, Spain. AP
  • A man outside his house affected by floods in Utiel. AP
    A man outside his house affected by floods in Utiel. AP
  • Residents inspect cars swept away by the deadly floods in Alfafar neighbourhood, south of Valencia. AFP
    Residents inspect cars swept away by the deadly floods in Alfafar neighbourhood, south of Valencia. AFP
  • VALENCIA, SPAIN - OCTOBER 30: A man walks by a destroyed road after flash floods hit the region on October 30, 2024 in the Sedaví area of Valencia, Spain. Spanish authorities said on Wednesday that at least 62 people had died in the Valencia region overnight after flash-flooding followed heavy rain. Spain's meteorological agency had issued its highest alert for the region due to extreme rainfall. (Photo by David Ramos / Getty Images)
    VALENCIA, SPAIN - OCTOBER 30: A man walks by a destroyed road after flash floods hit the region on October 30, 2024 in the Sedaví area of Valencia, Spain. Spanish authorities said on Wednesday that at least 62 people had died in the Valencia region overnight after flash-flooding followed heavy rain. Spain's meteorological agency had issued its highest alert for the region due to extreme rainfall. (Photo by David Ramos / Getty Images)
  • The emergency services rescue people trapped in their homes in Letur, Albacete. AP
    The emergency services rescue people trapped in their homes in Letur, Albacete. AP
  • A man takes photos of the Turia River after heavy rainfall hits the Valencia region. EPA
    A man takes photos of the Turia River after heavy rainfall hits the Valencia region. EPA
  • Water has entered houses in the city of Valencia. AP
    Water has entered houses in the city of Valencia. AP
  • Traffic is halted beside the River Turia in Valencia. Spain's meteorological agency had issued its highest alert for the region. Getty Images
    Traffic is halted beside the River Turia in Valencia. Spain's meteorological agency had issued its highest alert for the region. Getty Images
  • This pier at Gola de Putxol in Albufera, Valencia, has been totally submerged. EPA
    This pier at Gola de Putxol in Albufera, Valencia, has been totally submerged. EPA
  • A furniture factory in La Alcudia was badly affected, with many items damaged. Reuters
    A furniture factory in La Alcudia was badly affected, with many items damaged. Reuters
  • People wade through the streets in Valencia. AP
    People wade through the streets in Valencia. AP
  • The emergency services free a person trapped after the damage caused in Letur, Albacete. AP
    The emergency services free a person trapped after the damage caused in Letur, Albacete. AP
  • The emergency services rescue residents who were trapped in their homes in Valencia. AP
    The emergency services rescue residents who were trapped in their homes in Valencia. AP
  • Cars were also trapped by the rising water level. AP
    Cars were also trapped by the rising water level. AP

Up to a year's worth of rain fell on Valencia in a matter of hours, with the national weather service saying it rained more there in eight hours than in the previous 20 months, calling the deluge “extraordinary”. Authorities said Paiporta had been devastated with about 40 people dead, including a mother and baby swept away by a torrent.

At dawn on Thursday, tens of thousands of homes were still without electricity and drinking water and many roads were blocked by hundreds of overturned cars and lorries. Emergency services carried out 200 rescues on the ground and 70 aerial evacuations on Wednesday, said Valencia regional government chief Carlos Mazon.

Residents wait for news of their relatives trapped during the floods in Valencia. AP
Residents wait for news of their relatives trapped during the floods in Valencia. AP

Valencia's emergency services had announced a provisional death of 92, adding that bodies were still being recovered. Two people died in neighbouring Castilla-La Mancha and another victim was reported in Andalusia in the south, officials said.

Located south of Barcelona on the Mediterranean coast, Valencia is a tourist destination known for its beaches, citrus orchards and for originating the rice dish paella. The region has gorges and small riverbeds that spend much of the year completely dry but quickly fill with water when it rains. Many of them pass through populated areas.

Members of the local police react to the news that one of their colleagues died in the floods in Valencia. AP
Members of the local police react to the news that one of their colleagues died in the floods in Valencia. AP

King Felipe VI said he was “devastated” by the disaster and offered “heartfelt condolences” to the families of the victims.

Damage to telephone networks and flooded roads hampered efforts to reach stricken communities but rescuers' access to all urban centres was restored by Wednesday evening, Mr Mazon said. Some 155,000 homes were without electricity in the Valencia region due to the storm, energy company Iberdrola said.

The European Union activated its Copernicus satellite system to help co-ordinate Spanish rescue teams, President of the European Commission Ursula von der Leyen said in Brussels. The bloc has also offered to use its civil protection mechanism to send further reinforcements, she said.

Valencia before and after the floods

Officials in the Valencia region said survivors were being sheltered in temporary accommodation such as fire stations. Rail and air transport remained severely disrupted. The high-speed line between Valencia and Madrid will be suspended for at least four days, the Adif rail infrastructure authority announced.

The flood toll is Spain's deadliest since 1973 when at least 150 people were estimated to have died in the south-eastern provinces of Granada, Murcia and Almeria.

Scientists have warned that extreme weather events such as the storm that hit Valencia are becoming more intense, last longer and occur more frequently as a result of human-induced climate change.

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

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2012.9-inch%20Liquid%20Retina%20XDR%2C%202%2C732%20x%202%2C048%2C%20264ppi%2C%20wide%20colour%2C%20True%20Tone%2C%20ProMotion%2C%201%2C600%20nits%20max%2C%20Apple%20Pencil%20hover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20CPU%2C%2010-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%20Storage%20%E2%80%93%20128GB%2F256GB%2F512GB%20%2F%201TB%2F2TB%3B%20RAM%20%E2%80%93%208GB%2F16GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iPadOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2012MP%20wide%20(f%2F1.8)%20%2B%2010MP%20ultra-wide%20(f%2F2.4)%2C%202x%20optical%2F5x%20digital%2C%20Smart%20HDR%204%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20ProRes%204K%20%40%2030fps%2C%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full%20HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%20TrueDepth%2012MP%20ultra-wide%20(f%2F2.4)%2C%202x%2C%20Smart%20HDR%204%2C%20Centre%20Stage%2C%20Portrait%2C%20Animoji%2C%20Memoji%3B%20full%20HD%20%40%2025%2F30%2F60fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%20Four-speaker%20stereo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%2C%20smart%20connector%20(for%20folio%2Fkeyboard)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2010%20hours%20on%20Wi-Fi%3B%20up%20to%20nine%20hours%20on%20cellular%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinish%3A%3C%2Fstrong%3E%20Silver%2C%20space%20grey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPad%2C%20USB-C-to-USB-C%20cable%2C%2020-watt%20power%20adapter%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20WiFi%20%E2%80%93%20Dh4%2C599%20(128GB)%20%2F%20Dh4%2C999%20(256GB)%20%2F%20Dh5%2C799%20(512GB)%20%2F%20Dh7%2C399%20(1TB)%20%2F%20Dh8%2C999%20(2TB)%3B%20cellular%20%E2%80%93%20Dh5%2C199%20%2F%20Dh5%2C599%20%2F%20Dh6%2C399%20%2F%20Dh7%2C999%20%2F%20Dh9%2C599%3C%2Fp%3E%0A
BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes

The Baghdad Clock

Shahad Al Rawi, Oneworld

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Profile of Foodics

Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

RIVER%20SPIRIT
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ELeila%20Aboulela%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Saqi%20Books%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20320%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Updated: November 01, 2024, 6:58 AM