At least 79 migrants die in Greece shipwreck as 100 rescued by superyacht


Gillian Duncan
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At least 79 migrants died early on Wednesday and many dozens were feared missing after a fishing boat carrying scores of people capsized off the Greek coast.

About 100 people were rescued and taken to the town of Kalamata following the incident in international waters in the Ionian Sea, the Greek coastguard said.

Coastguard authorities announced that the boat had previously declined several assistance offers. Both the coastguard and nearby merchant ships began their rescue efforts on Tuesday, according to an official statement.

The ship's captain, it was stated, expressed an intention to proceed to Italy.

Contrary to the coastguard's account, Alarm Phone, an activist network operating a hotline for distressed migrant boats, stated that it had been communicating with people presumed to be passengers on the capsized vessel.

These passengers conveyed an urgent need for aid, in stark contrast to the ship captain's earlier refusal.

Alarm Phone also claimed that the captain had abandoned the ship using a smaller boat prior to the vessel capsizing. The assertions made by the organisation are currently under investigation.

Along with navy vessels, the rescue operation included an army plane and helicopter, a drone from the EU border protection agency Frontex, as well as six other boats that were in the area. Dozens of survivors were able to board a superyacht, the Mayan Queen IV.

The spot is close to one of the deepest areas of the Mediterranean Sea and the rescue was complicated by strong winds, the coastguard said. “We fear the number of dead will rise,” said a shipping ministry official.

Alam Phone, a European rescue support charity, said it believed there were 750 people on board the 20- to 30-metre-long vessel.

Four of the survivors were taken to hospital with symptoms of hypothermia.

Katerina Tsata, head of a Red Cross volunteer group in Kalamata, said: “They suffered a very heavy blow, both physical and mental.”

Coastguard spokesman Nikos Alexiou said it appeared that the ship had capsized after people abruptly moved to one side.

“The outer deck was full of people, and we presume that the interior [of the vessel] would also have been full,” he said. “It looks as if there was a shift among the people who were crammed on board and it capsized.”

Ioannis Zafiropoulos, deputy mayor of Kalamata, said: “It sank very quickly and was gone by the time the rescue helicopter got there. The area where this happened has very deep water.”

State broadcaster ERT said the Italy-bound boat had sailed from the Libyan town of Tobruk, which lies south of the Greek island of Crete. Most of those on board were young men in their 20s.

Their nationalities, as well as where the boat had sailed from, were not immediately confirmed by Greek authorities.

Greek paramedics help migrants arriving in Kalamata. EPA
Greek paramedics help migrants arriving in Kalamata. EPA

The coastguard said the boat was first spotted in international waters late on Tuesday by an aircraft belonging to EU border agency Frontex and two nearby vessels, about 80km south-west of the town of Pylos in southern Greece.

It said those on board had refused assistance offered by Greek authorities. A few hours later the boat capsized and sank, triggering the search and rescue operation.

Alarm Phone said it had been contacted by people on a boat in distress on Tuesday afternoon. That boat was in the same general area as the one that sank, but it was not clear if it was the same vessel.

The organisation notified Greek authorities and Frontex. In one communication with Alarm Phone, migrants reported the vessel was overcrowded and that the captain had abandoned the ship on a small boat, according to the group. They asked for food and water, which was provided by a merchant ship.

Greece, Italy and Spain are the main destinations for the tens of thousands of people seeking to reach the Europe from Africa and the Middle East.

Smugglers are increasingly taking larger boats into international waters off the Greek mainland to try to avoid coastguard patrols.

EU Commission President Ursula von der Leyen tweeted: “Deeply saddened by the news of the shipwreck off the Greek coast and the many reported deaths. Very concerned by the number of missing people.

“We must continue to work together, with member states and third countries, to prevent such tragedies.”

Survivors disembark the yacht in Greece. AP
Survivors disembark the yacht in Greece. AP

The United Nations has registered more than 20,000 deaths and disappearances in the central Mediterranean since 2014, making it the most dangerous migrant crossing in the world.

The worst migrant tragedy in Greece was in June 2016 when at least 320 people were listed as dead or missing, according to records going back to 1993.

The International Organisation for Migration as of Wednesday had listed 48 migrants missing in the Eastern Mediterranean so far this year, compared to 378 a year earlier.

Separately on Wednesday, Greece's port police said a sailing boat in distress carrying about 80 migrants off Crete was rescued by a coastguard patrol and towed to port.

Greece is facing an increase in crossing attempts from Turkey on southern routes near the Cyclades islands and towards the Peloponnese peninsula, hoping to avoid patrols in the northern Aegean Sea.

Last month, the Greek government came under international pressure over video footage reportedly showing the forceful expulsion of migrants who were set adrift at sea.

Abu Dhabi GP Saturday schedule

12.30pm GP3 race (18 laps)

2pm Formula One final practice 

5pm Formula One qualifying

6.40pm Formula 2 race (31 laps)

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Afghanistan squad

Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

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About Seez

Company name/date started: Seez, set up in September 2015 and the app was released in August 2017  

Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer

Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon 

Sector:  Search engine for car buying, selling and leasing

Size: (employees/revenue): 11; undisclosed

Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A 

Investors: Wamda Capital, B&Y and Phoenician Funds 

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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MATCH INFO

Uefa Champions League quarter-final, second leg (first-leg score)

Porto (0) v Liverpool (2), Wednesday, 11pm UAE

Match is on BeIN Sports

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

THE SPECS

Engine: 3.6-litre V6

Transmission: eight-speed automatic

Power: 285bhp

Torque: 353Nm

Price: TBA

On sale: Q2, 2020

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

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In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

Updated: June 15, 2023, 5:14 AM