People rest in front of a destroyed house in Manta, Ecuador, after a 7.8-magnitude quake hit the country. The toll rose on Sunday to 246 dead and 2,527 people injured, the country’s vice president said. Luis Acosta / AFP
People rest in front of a destroyed house in Manta, Ecuador, after a 7.8-magnitude quake hit the country. The toll rose on Sunday to 246 dead and 2,527 people injured, the country’s vice president saiShow more

In quake-devastated Ecuador, loss piles up amid the rubble



PORTOVIEJO, ECUADOR // It was supposed to be a family reunion to celebrate a young relative starting college. But the gathering ended in tragedy when a collapsed building crushed 17-year old Sayira Quinde, her mother, father and toddler brother in their car.

A grief-stricken aunt, Johana Estupinan, now is making the longest journey of her life in a funeral hearse to the town of Esmeraldas, where she will bury her loved ones and break the news of the loss to her sister’s three now orphaned children.

As Ecuador digs out from its strongest earthquake in decades, tales of devastating loss are everywhere amid the rubble. The 7.8-magnitude earthquake left a trail of ruin along Ecuador’s normally placid Pacific Ocean coast, buckling highways, knocking down an air traffic control tower and flattening homes and buildings. At least 262 people died and thousands are homeless.

Portoviejo, a provincial capital of nearly 300,000 people, was among the hardest hit, with the town’s mayor reporting at least 100 deaths.

The Quinde family drove there from their home hours north up the coast to drop off Sayira at Estupinan’s house a week before she was to start classes at a public university on a scholarship to study medicine.

“She was my favourite niece,” Ms Estupinan says, emotionally torn apart after waiting at the city’s morgue for hours. “I thought I was getting a daughter for the six years it was going to take her to earn a degree.

“I never thought my life would be destroyed in a minute.”

Ms Estupinan watched as her loved ones were loaded on to a lorry-sized hearse for the drive, the three older ones in dark mahogany coffins and eight-month-old Matias in a casket painted white.

“It was supposed to be a short moment of family happiness but it converted into a tragedy,” she says.

She hoped to bury her relatives in Esmeraldas on Monday, but devastation there is also severe and she worried about whether the hearse could make it along roads torn apart by the earthquake.

The Saturday night earthquake knocked out power in many parts along the coast and residents who fled to higher ground fearing a tsunami had no home to return to, or feared structures still standing might collapse. With makeshift shelters in short supply, many hunkered down to spend a second straight night outdoors huddled among neighbours.

President Rafael Correa, who cut short a trip to the Vatican, flew directly to the city of Manta from Rome to oversee relief efforts. Even before touching Ecuadorean soil he signed a decree declaring a national emergency.

Speaking from Portoviejo late on Sunday he said the earthquake was the worst natural disaster to hit Ecuador since a 1949 earthquake in the Andean city of Ambato, which took more than 5,000 lives.

“Our grief is very large, the tragedy is very large, but we’ll find the way to move forward,” Mr Correa said. “If our pain is immense, still larger is the spirt of our people.”

As rescuers scrambled through the ruins near the epicentre, in some cases digging with their hands to look for survivors, humanitarian aid began trickling in.

More than 3,000 packages of food and nearly 8,000 sleeping kits were being delivered Sunday. Venezuela, and Colombia, where the earthquake was also felt, organised airlifts. Mexico and Chile sent teams of rescuers.

“For god’s sake help me find my family,” pleads Manuel Quijije, 27, standing next to a wrecked building in Portoviejo. He said his older brother, Junior, was trapped under a pile of twisted steel and concrete with two relatives.

“We managed to see his arms and legs. They’re his, they’re buried, but the police kicked us out because they say there’s a risk the rest of the building will collapse,” Mr Quijije says as he looked on the ruins cordoned off by police. “We’re not afraid. We’re desperate. We want to pull out our family.”

Mr Correa says the death toll was likely to rise because many people remain unaccounted for, though he said there was evidence some survivors remain alive under the rubble. More than 2,500 people are injured.

On social media, Ecuadoreans celebrated a video of a baby girl being pulled from beneath a collapsed home in Manta.

But fear was also spreading of another night of looting after 180 prisoners from a jail near Portoviejo escaped amid the tumult. Authorities said about 20 inmates were recaptured and others returned voluntarily, sensing that life on the outside was just as deprived.

Seeking security from any unrest, about 400 residents of Portoviejo gathered Sunday night on the tarmac of the city’s former airport, where authorities handed out water, mattresses and food. The airport was closed in 2011 and flights diverted to a larger facility in nearby Manta after Mr Correa ended a US drug interdiction operation stationed there.

Shanty towns and cheaply constructed brick and concrete homes were reduced to rubble along the quake’s path. In the coastal town of Chamanga, authorities estimated than 90 per cent of homes had damage, while in Guayaquil a shopping centre’s roof fell in and a collapsed motorway overpass crushed a car, killing the driver.

The government says it will draw on US$600 million in emergency funding from banks to rebuild.

But for now the digging and hoping against the odds continues.

In central Portoviejo, a few blocks from where a four-story hotel fell onto the Quinde family’s car, the six-story social security building is a pile of debris. Downed power cables were strewn across the street.

“The situation is heart-rending,” Jaime Ugalde, editor of El Diario, the city’s leading newspaper, says as he surveys the damage. “I’m going to return home and hug my wife and two kids. We’re the lucky ones. We’re alive.”

* Associated Press

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

The years Ramadan fell in May

1987

1954

1921

1888

Messi at the Copa America

2007 – lost 3-0 to Brazil in the final

2011 – lost to Uruguay on penalties in the quarter-finals

2015 – lost to Chile on penalties in the final

2016 – lost to Chile on penalties in the final

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

MATCH INFO

Southampton 0
Manchester City 1
(Sterling 16')

Man of the match: Kevin de Bruyne (Manchester City)

UAE squad

Humaira Tasneem (c), Chamani Senevirathne (vc), Subha Srinivasan, NIsha Ali, Udeni Kuruppuarachchi, Chaya Mughal, Roopa Nagraj, Esha Oza, Ishani Senevirathne, Heena Hotchandani, Keveesha Kumari, Judith Cleetus, Chavi Bhatt, Namita D’Souza.

Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

Company profile

Company name: Ogram
Started: 2017
Founders: Karim Kouatly and Shafiq Khartabil
Based: Dubai, UAE
Industry: On-demand staffing
Number of employees: 50
Funding: More than $4 million
Funding round: Series A
Investors: Global Ventures, Aditum and Oraseya Capital

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Illegal shipments intercepted in Gulf region

The Royal Navy raid is the latest in a series of successful interceptions of drugs and arms in the Gulf

May 11: US coastguard recovers $80 million heroin haul from fishing vessel in Gulf of Oman

May 8: US coastguard vessel USCGC Glen Harris seizes heroin and meth worth more than $30 million from a fishing boat

March 2: Anti-tank guided missiles and missile components seized by HMS Lancaster from a small boat travelling from Iran

October 9, 2022: Royal Navy frigate HMS Montrose recovers drugs worth $17.8 million from a dhow in Arabian Sea

September 27, 2022: US Naval Forces Central Command reports a find of 2.4 tonnes of heroin on board fishing boat in Gulf of Oman 

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

The specs: 2018 Ford Mustang GT

Price, base / as tested: Dh204,750 / Dh241,500
Engine: 5.0-litre V8
Gearbox: 10-speed automatic
Power: 460hp @ 7,000rpm
Torque: 569Nm @ 4,600rpm​​​​​​​
​​​​​​​Fuel economy, combined: 10.3L / 100km

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

Draw:

Group A: Egypt, DR Congo, Uganda, Zimbabwe

Group B: Nigeria, Guinea, Madagascar, Burundi

Group C: Senegal, Algeria, Kenya, Tanzania

Group D: Morocco, Ivory Coast, South Africa, Namibia

Group E: Tunisia, Mali, Mauritania, Angola

Group F: Cameroon, Ghana, Benin, Guinea-Bissau

COMPANY PROFILE

Name: Shaffra
Started: 2023
Based: DIFC Innovation Hub
Sector: metaverse-as-a-Service (MaaS)
Investment: currently closing $1.5 million seed round
Investment stage: pre-seed
Investors: Flat6Labs Abu Dhabi and different PCs and angel investors from Saudi Arabia
Number of staff: nine

Voy! Voy! Voy!

Director: Omar Hilal
Stars: Muhammad Farrag, Bayoumi Fouad, Nelly Karim
Rating: 4/5

Most match wins on clay

Guillermo Vilas - 659

Manuel Orantes - 501

Thomas Muster - 422

Rafael Nadal - 399 *

Jose Higueras - 378

Eddie Dibbs - 370

Ilie Nastase - 338

Carlos Moya - 337

Ivan Lendl - 329

Andres Gomez - 322

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

COMPANY PROFILE

Date started: 2020
Founders: Khaldoon Bushnaq and Tariq Seksek
Based: Abu Dhabi Global Market
Sector: HealthTech
Number of staff: 100
Funding to date: $15 million