Emergency services personnel provide medical attention to some of the rescued migrants at sea, upon arrival at the Las Salinas port in Fuerteventura, Canary Islands, Spain. EPA
Emergency services personnel provide medical attention to some of the rescued migrants at sea, upon arrival at the Las Salinas port in Fuerteventura, Canary Islands, Spain. EPA
Emergency services personnel provide medical attention to some of the rescued migrants at sea, upon arrival at the Las Salinas port in Fuerteventura, Canary Islands, Spain. EPA
Emergency services personnel provide medical attention to some of the rescued migrants at sea, upon arrival at the Las Salinas port in Fuerteventura, Canary Islands, Spain. EPA

Spain’s Canary Islands struggle as 1,000 migrants land in 48 hours


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Authorities in the Spanish Canary Islands said they were struggling to cope with the arrival of 1,000 migrants in 48 hours.

After the surge between Thursday and Saturday, local leaders criticised the government in Madrid for its handling of the situation.

Border closures in Morocco to deal with the coronavirus pandemic are believed to have causedthe influx.

About 2,700 migrants were housed in the island's hotels, which were hard hit by a drop in tourist numbers because of the pandemic. Other migrants were put up in temporary shelters.

Spain's migration minister Jose Luis Escriva promised a "comprehensive response" to the rising number of arrivals, The Telegraph reported.

The Canary Islands are becoming a new gateway for migrants trying to reach Europe. Reuters
The Canary Islands are becoming a new gateway for migrants trying to reach Europe. Reuters

But the minister met with protest and criticism in the Canaries because of a lack of concrete proposals.

Blas Acosta, the leader of Fuerteventura’s island council, said Mr Escriva should consider his position after a meeting that the minister cut short.

“If [Mr Escriva] is overwhelmed by the situation and doesn’t wish to co-operate, he should step aside and let other people do the job,” the council leader said.

Residents directed their ire against local officials when migrants were housed in their neighbourhoods. Augusto Hidalgo, the mayor of Las Palmas on the island of Gran Canaria, faced protests after he took Mr Escriva to a temporary migrant shelter in a former primary school.

The rate of migrants to the Canaries has created an influx not seen in at least 10 years, according to the Red Cross, as Africans turned to the islands after agreements between Turkey, Morocco and Libya tightened control over the Mediterranean route to Europe's shores.

Migrants, who are part of a group intercepted aboard a dinghy off the coast, rest upon arriving at port in Arguineguin, in the Canary Island of Gran Canaria, Spain, October 16, 2017. Reuters
Migrants, who are part of a group intercepted aboard a dinghy off the coast, rest upon arriving at port in Arguineguin, in the Canary Island of Gran Canaria, Spain, October 16, 2017. Reuters

Since Thursday, 1,015 people have arrived on 37 vessels, landing on the islands of Lanzarote, Fuerteventura, Gran Canaria and Tenerife. The latter two territories are about 300 kilometres from the African coast.

Most of the migrants, from North Africa or sub-Saharan African nations, were in good health, although some were suffering symptoms of hypothermia, a Red Cross spokesman said.

All were tested for the new coronavirus, the official said.

The Red Cross said the rate of arrivals was more or less the same as in 2006, when 30,000 migrants landed in the Canary Islands.

Between January and September 30 this year, more than 6,000 migrants landed in the Canaries, six times the number that arrived in the same period in 2019, according to the Spanish interior ministry.

Border closures in Morocco are being blamed for the return to 2006 levels.

Many of the migrants arriving in the Canary Islands were thought to have started their journey in Senegal. Any hope they might have had of reaching Italy from Libya, for instance, were frustrated by Morocco's border closures.

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Dooda%20Solutions%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Lebanon%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENada%20Ghanem%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20AgriTech%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%24300%2C000%20in%20equity-free%20funding%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2011%3C%2Fp%3E%0A
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5.55am: Wheelchair Marathon Elites

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9am: 10Km Road Race

11am: 4Km Fun Run

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Desert Warrior

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Calls

Directed by: Fede Alvarez

Starring: Pedro Pascal, Karen Gillian, Aaron Taylor-Johnson

4/5

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

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

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.