epa06965295 Venezuelan citizens who travel by bus to the Ecuadorian border with Peru pass through Quito, Ecuador, 22 August 2018. The Prefecture of the Ecuadorian province of Pichincha, whose capital is Quito, has created a 'citizen corridor' to move from the border with Colombia, by bus, Venezuelan migrants who try to reach Peru. There are six buses with 42 migrants, each traveling to the city of Huaquillas, on the border with Peru. A total of 252 Venezuelans are part of this caravan that is expected to arrive in Huaquillas in the next few hours, on a journey estimated to take about 20 hours.  EPA/Jose Jacome
Venezuelan migrants pass through Quito in Ecuador on their way to Peru. Jose Jacome / EPA

Venezuela is the refugee crisis no one saw coming



For the past three years the world’s attention has been focused, and rightly so, on the Mediterranean refugee crisis. Few will ever forget the heartbreaking photograph of three-year-old Syrian boy Alan Kurdi, drowned and washed up on a Turkish beach in 2015.

Unscrupulous profiteers continue to ferry desperate people from Syria, Afghanistan, Iraq and Africa to Europe and more than a thousand refugees have shared Alan’s fate so far this year alone. According to the United Nations’ Refugee Agency there are now 25.4 million refugees worldwide, including 6.3 million Syrians, 5.4 million Palestinians, 2.6 million Afghans and 2.4 million South Sudanese.

But to this list must now be added millions more, from an unexpected quarter.

Venezuela, transformed by the discovery of oil in the 20th century, was one of the region’s economic success stories. Today, following the collapse of oil prices in 2014, it is in meltdown. Rampant inflation is on course to hit one million per cent this year and many of its citizens are starving.

The UN says that this year more than 2.3 million Venezuelans – seven per cent – have fled, with more than half the refugees suffering from malnutrition. By some estimates, 35,000 a day are flooding into Colombia, which is struggling to cope with the one million people it has taken in since 2017. Ecuador, inundated by thousands daily, has declared a state of emergency and closed the border. In Brazil, tensions between locals and refugees are now escalating into violence.

To compound the sense that a true disaster is unfolding, the US Pentagon is to despatch a hospital ship to help with the unfolding humanitarian crisis.

Venezuela's president, Nicolas Maduro, blames the crisis on an "economic war" being waged by the US and Europe. Opponents say it is down to poor management and a failure to diversify away from reliance on oil. Whatever the cause, the crisis unfolding halfway around the world is evidence that the Middle East and North Africa have no monopoly on such tragedies.

It serves as a chilling reminder that even in the 21st century, catastrophic instability can erupt anywhere and at any time.

UAE currency: the story behind the money in your pockets
THE SPECS

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Russia's Muslim Heartlands

Dominic Rubin, Oxford

The specs

Engine: Twin-turbocharged 4-litre V8
Power: 542bhp
Torque: 770Nm
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AUSTRALIA SQUAD

Pat Cummins (capt), Scott Boland, Alex Carey, Cameron Green, Marcus Harris, Josh Hazlewood, Travis Head, Josh Inglis, Usman Khawaja, Marnus Labuschagne, Nathan Lyon, Mitchell Marsh, Todd Murphy, Matthew Renshaw, Steve Smith, Mitchell Starc, David Warner

The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

FROM THE ASHES

Director: Khalid Fahad

Starring: Shaima Al Tayeb, Wafa Muhamad, Hamss Bandar

Rating: 3/5

Credit Score explained

What is a credit score?

In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.

Why is it important?

Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.

How is it calculated?

The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.

How can I improve my score?

By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.

How do I know if my score is low or high?

By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.

How much does it cost?

A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.

DUBAI BLING: EPISODE 1

Creator: Netflix

Stars: Kris Fade, Ebraheem Al Samadi, Zeina Khoury

Rating: 2/5

The years Ramadan fell in May

1987

1954

1921

1888

West Asia Premiership

Dubai Hurricanes 58-10 Dubai Knights Eagles

Dubai Tigers 5-39 Bahrain

Jebel Ali Dragons 16-56 Abu Dhabi Harlequins

Why are you, you?

Why are you, you?
From this question, a new beginning.
From this question, a new destiny.
For you are a world, and a meeting of worlds.
Our dream is to unite that which has been
separated by history.
To return the many to the one.
A great story unites us all,
beyond colour and creed and gender.
The lightning flash of art
And the music of the heart.
We reflect all cultures, all ways.
We are a twenty first century wonder.
Universal ideals, visions of art and truth.
Now is the turning point of cultures and hopes.
Come with questions, leave with visions.
We are the link between the past and the future.
Here, through art, new possibilities are born. And
new answers are given wings.

Why are you, you?
Because we are mirrors of each other.
Because together we create new worlds.
Together we are more powerful than we know.
We connect, we inspire, we multiply illuminations
with the unique light of art.

 Ben Okri,

Hunger and Fury: The Crisis of Democracy in the Balkans
Jasmin Mujanović, Hurst Publishers

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices