Rohingya refugee boys salvage a gas cylinder after a major fire in Balukhali camp at Ukhiya in Cox's Bazar district, Bangladesh, Sunday, March 5, 2023. A massive fire raced through a crammed camp of Rohingya refugees in southern Bangladesh on Sunday, leaving thousands homeless, a fire official and the United Nations said. (AP Photo / Mahmud Hossain Opu)
Rohingya refugee boys salvage a gas cylinder after a major fire in Balukhali camp at Ukhiya in Cox's Bazar district, Bangladesh, Sunday, March 5, 2023. A massive fire raced through a crammed camp of Rohingya refugees in southern Bangladesh on Sunday, leaving thousands homeless, a fire official and the United Nations said. (AP Photo / Mahmud Hossain Opu)
Rohingya refugee boys salvage a gas cylinder after a major fire in Balukhali camp at Ukhiya in Cox's Bazar district, Bangladesh, Sunday, March 5, 2023. A massive fire raced through a crammed camp of Rohingya refugees in southern Bangladesh on Sunday, leaving thousands homeless, a fire official and the United Nations said. (AP Photo / Mahmud Hossain Opu)
Rohingya refugee boys salvage a gas cylinder after a major fire in Balukhali camp at Ukhiya in Cox's Bazar district, Bangladesh, Sunday, March 5, 2023. A massive fire raced through a crammed camp of R

'Sabotage' behind Bangladesh Rohingya camp fire


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A fire that left more than 12,000 people homeless at a Bangladesh refugee camp was a “planned act of sabotage”, investigators have said.

A blaze ripped through Camp 11 of Cox Bazar in the south of the country on March 5, destroying schools and hospitals and about 2,800 shelters. No deaths were reported.

“The fire was a planned act of sabotage,” senior district government official Abu Sufian, head of the seven-member probe committee told Reuters.

He said the blaze broke out in several places at the same time, proving it was a planned act and a deliberate attempt to establish supremacy inside the camps by militant groups. He didn't name the groups. He said the report was based on 150 eyewitnesses' account of the fire.

“We recommended further investigation by the law-enforcing agency to identify the groups behind the incident,” he said.

Fires are a common occurrence in the packed camp, filled with makeshift structures of bamboo and plastic sheeting.

Cox Bazar has hosted over one million Rohingya refugees after they fled persecution from Myanmar's military, exacerbated by a military takeover in 2021.

But amid rising levels of organised crime in the camps and waning chances of returning to Myanmar, many are risking their lives to leave Bangladesh on dangerous boat journeys to Malaysia and Indonesia.

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MATCH INFO

World Cup 2022 qualifier

UAE v Indonesia, Thursday, 8pm

Venue: Al Maktoum Stadium, Dubai

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RESULT

Deportivo La Coruna 2 Barcelona 4
Deportivo:
Perez (39'), Colak (63')
Barcelona: Coutinho (6'), Messi (37', 81', 84')

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

UAE currency: the story behind the money in your pockets
JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

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: AMG-enhanced 3.0L inline-6 turbo with EQ Boost and electric auxiliary compressor

Transmission: nine-speed automatic

Power: 429hp

Torque: 520Nm​​​​​​​

Price: Dh360,200 (starting)

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Updated: March 13, 2023, 10:27 AM