The German rescue ship Alan Kurdi has set sail for a new Mediterranean mission after delays caused by the coronavirus crisis.
Repairs were delayed after shipyard workers were confined to their homes and travel bans caused difficulties in bringing the crew from across Europe to the east coast of Spain, where the ship was moored.
The Alan Kurdi will arrive at the Libyan search and rescue zone this weekend where it will be the only civilian rescue ship operating, said Sea-Eye, the German charity that operates the vessel. It said it had taken extra precautions to prevent an outbreak of Covid-19 on board the ship.
“It is a miracle that we were able to put together a crew, train them and prepare them for the special circumstances,” said Gordon Isler, the charity’s chairman.
The mission comes after the European Union halted a naval operation aimed at enforcing an arms embargo on Libya following criticisms from Italy that ships were being used to pick up migrants from the sea.
The UN sounded the alarm this month after a wooden boat carrying 49 migrants was returned to Libya after becoming stranded in Maltese waters when its engine stopped working.
The International Organisation for Migration said the return represented an apparent breach of maritime law and urged the EU to end the practice of returning vulnerable people to Libya.
It has said the coronavirus pandemic could have grim consequences for Libya, where continued fighting takes its toll on health services.
More than 3,500 people have sought to take the sea route to Europe to escape civil war in Libya during 2020, according to IOM figures, with more than 150 dying in the process.
Since 2014, more than 20,000 people have died in the Mediterranean.
They include Alan Kurdi, a Syrian boy. The photograph of his lifeless body on a Turkish beach in 2015 focused global attention on the plight of refugees.
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
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.
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
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UAE currency: the story behind the money in your pockets
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Company%20profile
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Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan