Firefighters and rescue crews place sandbags along the banks of the Duessel river, Germany. EPA
Firefighters and rescue crews place sandbags along the banks of the Duessel river, Germany. EPA
Firefighters and rescue crews place sandbags along the banks of the Duessel river, Germany. EPA
Firefighters and rescue crews place sandbags along the banks of the Duessel river, Germany. EPA

Dozens dead and hundreds missing in European flood disaster


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More than 100 people have died and hundreds are missing after major flooding devastated parts of western Europe.

The hardest hit areas were in western Germany, where most of the deaths were reported. The German Army was sent to help stranded residents and is continuing to search for hundreds of missing people.

"I fear that we will only see the full extent of the disaster in the coming days," Chancellor Angela Merkel said from Washington, where she met US President Joe Biden.

As floodwaters began to ebb, residents in the worst affected areas examined what was left of their homes and neighbourhoods.

Police in the western city of Koblenz on Thursday said four people died in Ahrweiler county and about 50 were trapped on the roofs of their houses awaiting rescue.

Six houses collapsed in the village of Schuld. “Many people have been reported missing to us,” police said.

Around 1,000 German soldiers were deployed to help with rescue operations and rubble-clearing in affected towns and villages.

Streets and houses under water, overturned cars and uprooted trees were seen once the floodwaters started to recede, while some districts were cut off by landslides.

The floods disrupted rail, road and river transport in Germany's most populous region.

The German Weather Service issued an extreme weather warning for parts of three western states, while Hagen, a city of 180,000, declared a state of emergency after the Volme river burst its banks.

The city's crisis team told everyone who lived near the river to move to higher ground immediately, public broadcaster WDR reported.

“We see this kind of situation only in winter ordinarily,” Bernd Mehlig, an environment official from North Rhine-Westphalia, the most affected region, told WDR.

“Something like this, with this intensity, is completely unusual in summer.”

Parts of Hagen were described as isolated by high waters and all but inaccessible.

Soldiers had to clear some areas of the city.

Residents were also told to leave one district of regional capital Duesseldorf, a major business centre.

A care home for the elderly in Hagen was evacuated, while across the region firemen were busy pumping out hundreds of cellars. In one hospital, floodwater caused lifts to fail.

Among those who died was a fireman who lost his footing and was swept away, authorities told WDR. Police also said one man, 82, died after a fall in his flooded basement in the western city of Wuppertal.

Flooding extended beyond the borders of Germany into neighbouring countries.

In Liege, the main city in eastern Belgium, more than 21,000 people were without power after the Meuse river burst its banks and spilled into the heart of the city. Police urged citizens to take precautionary measures.

Authorities in the southern Dutch town of Valkenburg, close to the German and Belgian borders, evacuated a care home and hospice overnight amid flooding that turned the tourist town’s main street into a river, Dutch media reported.

The Dutch government sent 70 troops to the southern province of Limburg to help with tasks including transporting evacuees and filling sandbags, as rivers burst their banks. There were no reports of injuries linked to flooding in the Netherlands.

Unusually intense rains inundated parts of north-east France this week, uprooting trees and forcing the closure of dozens of roads. A train route to Luxembourg was disrupted and firefighters evacuated dozens of homes near the Luxembourg and German border, and in the Marne region, broadcaster France Bleu said.

The equivalent of two months' of rain fell on some areas in two days, the French national weather service said. With the ground already saturated, the service forecast more downpours and issued flood warnings for 10 regions.

Germans will vote in September to choose a successor to Chancellor Angela Merkel, and the extreme weather could heighten awareness of global warming.

That could be a boon for the Greens, who are running second to Mrs Merkel's Christian conservatives.

UAE currency: the story behind the money in your pockets
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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
Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

War and the virus
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%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
While you're here
THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Updated: July 16, 2021, 11:11 AM