More than 48cm of rain fell on high ground in eight hours, causing flash floods in urban centres such as Valencia. AP
More than 48cm of rain fell on high ground in eight hours, causing flash floods in urban centres such as Valencia. AP
More than 48cm of rain fell on high ground in eight hours, causing flash floods in urban centres such as Valencia. AP
More than 48cm of rain fell on high ground in eight hours, causing flash floods in urban centres such as Valencia. AP

Spain floods: Extra troops sent to search flood debris as anger grows


Gillian Duncan
  • English
  • Arabic

Spain sent more troops on Friday to search for survivors among abandoned cars, sodden buildings and layers of mud left by the deadliest natural disaster to hit the country in living memory.

At least 205 people were killed in flash floods that tore through Valencia overnight on Tuesday into Wednesday, leaving cars piled on top of each other, uprooting trees, taking down power lines and destroying homes in dozens of communities.

Rescuers using drones and sniffer dogs waded through water and searched debris on Friday in an increasingly desperate search for the "dozens" of people the authorities believe are still missing.

The government has sent 500 more troops to stricken areas to bolster the 1,200 already helping search, rescue and logistics operations. "There is still a pile of cars in the industrial estate, mountains and mountains of cars," Amparo Fort, Mayor of the town of Chiva, told public radio RNE. "Many must be empty, but we are sure others are occupied."

About 150,000 people in Valencia were without electricity on Wednesday, but power had been restored for about half by Thursday. Some people did not have running water and were relying on bottled water.

Many survivors walked long distances in thick mud to find food and water. Most of their cars were destroyed and the debris left by the storm made some roads impassable. Some pushed shopping trolleys along sodden streets, while others carried their children. Supplies were looted in some areas.

On Thursday, Angel Victor Torres, Spain's Minister for Territorial Policy and Democratic Memory, vowed there would be an uncompromising response to "looting" and the "insults" directed at the security forces. He announced 39 arrests, in a sign civil order was breaking down in some places.

In the town of Aldaia, in the Valencia region, resident Fernando Lozano said thieves stole trousers from an abandoned supermarket as "people are a bit desperate". "Until this is normalised and the supermarket opens, it's going to be very bad here," he added.

As the shock from the floods dissipated, anger grew over how the authorities handled of the crisis. Officials have been accused of issuing warnings too late and failing to deliver adequate relief.

Dozens killed in flash floods in Spain - 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

The storm as a particularly intense example of a “dana”, a common phenomenon in the area at this time of year. Danas develop when cold autumn air moving south meets warm, moist air, typically flowing from the Mediterranean, creating high-altitude storm clouds.

These can dump large amounts of rain in a short space of time. More than 48cm of rain fell on high ground in Spain in eight hours, inundating downhill areas and causing flash floods in urban centres.

The flooding was probably due to the hot, dry weather in the region this year, which left soil hard-baked, reducing how much water could soak into the ground. A building boom in recent decades may also have reduced stormwater drainage, experts added.

Questions have been raised about why civil authorities waited so long to tell people to seek shelter, and why infrastructure including roads, bridges and train lines were unable to withstand the downpour. While weather services notified the public on Monday that a major storms was likely to hit Valencia, the main emergency alert was not issued until Tuesday evening, when the storm was already in full force.

Volunteers prepare to help clean-up operations in Paiporta, near Valencia. Reuters
Volunteers prepare to help clean-up operations in Paiporta, near Valencia. Reuters

“Ultimately, all you can do when you’re getting that amount of rain is alert people in good time, give warnings and make sure that people are aware of how they can keep themselves safe,” said Jess Neumann, associate professor of hydrology at the University of Reading. “It sounds like that was not done adequately.”

Politicians have already begun to cast blame over the disaster. On Thursday, Alberto Nunez Feijoo, leader of the opposition People’s Party, which governs Valencia, said regional authorities acted based on information it received from the national weather agency and the department that oversees rivers. Both rely on the central government.

Climate change has made extreme rain more common by increasing air temperatures, which allows storms to hold more water – a 7 per cent increase for every 1°C that temperatures rise.

Rapid analysis by the World Weather Attribution initiative found the recent extreme rainfall in Spain was about 12 per cent heavier than pre-industrial levels. One-day bursts of rain in the region are increasing as the planet warms, the group said.

Hayley Fowler, professor of climate change impacts at Newcastle University, warned about the limitations of adapting to such storms, which “appear to be becoming more frequent in Europe and are projected to increase further with additional warming".

Flashing floods have left vehicles scattered across streets in Valencia. AP
Flashing floods have left vehicles scattered across streets in Valencia. AP

“The question is not whether we need to adapt for more of these types of storms, but can we?” she said

Adapting to increased rainfall will be essential to lower the risk of future disasters. “Reducing the volume and speed of run-off can be done by replanting upland areas and improving soil health, as well as increasing the capacity of urban areas to absorb, hold or disperse water,” said Kevin Collins, a senior lecturer in environment and systems at the Open University in the UK.

He suggested strengthening dams and bridges, which have proven to be vulnerable, too. But cities can only do so much to mitigate against climate disasters, particularly those cities that are not designed to face the level of rainfall recorded this week in Spain.

“It wouldn’t matter whether it was Spain or anywhere else, if there was that much rainfall falling on impermeable ground, you are going to get flooding,” Mr Neumann said. “In the long term, this isn’t something that’s going to go away."

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Scoreline:

Cardiff City 0

Liverpool 2

Wijnaldum 57', Milner 81' (pen)

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

How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

The specs
Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

'Shakuntala Devi'

Starring: Vidya Balan, Sanya Malhotra

Director: Anu Menon

Rating: Three out of five stars

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
Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
The Farewell

Director: Lulu Wang

Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma

Four stars

Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

Shortlisted novels: 66

Longlisted novels: 111

Total number of novels submitted: 1,780

Novels translated internationally: 66

HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
%3Cp%3E1.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fflags%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E2.%20Find%20and%20enable%20%3Cstrong%3EExpansion%20pack%20for%20the%20Site%20Search%20starter%20pack%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E3.%20Restart%20Chrome%20Canary%3C%2Fp%3E%0A%3Cp%3E4.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fsettings%2FsearchEngines%3C%2Fstrong%3E%20in%20the%20address%20bar%20and%20find%20the%20%3Cstrong%3EChat%20with%20Gemini%3C%2Fstrong%3E%20shortcut%20under%20%3Cstrong%3ESite%20Search%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E5.%20Open%20a%20new%20tab%20and%20type%20%40%20to%20see%20the%20Chat%20with%20Gemini%20shortcut%20along%20with%20other%20Omnibox%20shortcuts%20to%20search%20tabs%2C%20history%20and%20bookmarks%3C%2Fp%3E%0A
Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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.

Part three: an affection for classic cars lives on

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

Read part one: how cars came to the UAE

The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

The years Ramadan fell in May

1987

1954

1921

1888

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E268hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E380Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh208%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A

Yuki Means Happiness
Alison Jean Lester
John Murray 

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

ARM%20IPO%20DETAILS
%3Cp%3E%3Cstrong%3EShare%20price%3A%3C%2Fstrong%3E%20Undisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETarget%20raise%3A%3C%2Fstrong%3E%20%248%20billion%20to%20%2410%20billion%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProjected%20valuation%3A%3C%2Fstrong%3E%20%2460%20billion%20to%20%2470%20billion%20(Source%3A%20Bloomberg)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELead%20underwriters%3A%3C%2Fstrong%3E%20Barclays%2C%20Goldman%20Sachs%20Group%2C%20JPMorgan%20Chase%20and%20Mizuho%20Financial%20Group%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A
'Dark Waters'

Directed by: Todd Haynes

Starring: Mark Ruffalo, Anne Hathaway, William Jackson Harper 

Rating: ****

RESULTS
%3Cp%3E%0D5pm%3A%20Al%20Maha%20Stables%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%201%2C400m%0D%3Cbr%3EWinner%3A%20AF%20Alfahem%2C%20Tadhg%20O%E2%80%99Shea%20(jockey)%2C%20Ernst%20Oetrel%20(trainer)%0D%3Cbr%3E5.30pm%3A%20Al%20Anoud%20Stables%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C200m%0D%3Cbr%3EWinner%3A%20AF%20Musannef%2C%20Tadhg%20O%E2%80%99Shea%2C%20Ernst%20Oertel%0D%3Cbr%3E6pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%201%2C400m%0D%3Cbr%3EWinner%3A%20AF%20Rasam%2C%20Tadhg%20O%E2%80%99Shea%2C%20Ernst%20Oertel%0D%3Cbr%3E6.30pm%3A%20Arabian%20Triple%20Crown%20Round%202%20%E2%80%93%20Group%203%20(PA)%20Dh%20300%2C000%20(T)%202%2C200m%0D%3Cbr%3EWinner%3A%20Joe%20Star%2C%20Tadhg%20O%E2%80%99Shea%2C%20Helal%20Al%20Alawi%0D%3Cbr%3E7pm%3A%20Liwa%20Oasis%20%E2%80%93%20Group%202%20(PA)%20Dh300%2C000%20(T)%201%2C400m%0D%3Cbr%3EWinner%3A%20AF%20Alajaj%2C%20Tadhg%20O%E2%80%99Shea%2C%20Ernst%20Oertel%0D%3Cbr%3E7.30pm%3A%20Dames%20Stables%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3EWinner%3A%20Silent%20Defense%2C%20Oscar%20Chavez%2C%20Rashed%20Bouresly%3C%2Fp%3E%0A
Two-step truce

The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.

By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National. 

The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.

The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.

The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Updated: November 01, 2024, 12:19 PM