Rescuers and relatives of victims set up tents in front of collapsed buildings in Derna, Libya, Monday, Sept. 18, 2023. Some 11,300 people died when two dams collapsed during Mediterranean storm Daniel last week sending a wall of water gushing through the city, according to the Red Crescent aid group. A further 10,000 people are missing, and presumed dead. (AP Photo/Muhammad J. Elalwany)
Rescuers and relatives of victims set up tents in front of collapsed buildings in Derna, Libya, Monday, Sept. 18, 2023. Some 11,300 people died when two dams collapsed during Mediterranean storm Daniel last week sending a wall of water gushing through the city, according to the Red Crescent aid group. A further 10,000 people are missing, and presumed dead. (AP Photo/Muhammad J. Elalwany)
Rescuers and relatives of victims set up tents in front of collapsed buildings in Derna, Libya, Monday, Sept. 18, 2023. Some 11,300 people died when two dams collapsed during Mediterranean storm Daniel last week sending a wall of water gushing through the city, according to the Red Crescent aid group. A further 10,000 people are missing, and presumed dead. (AP Photo/Muhammad J. Elalwany)
Rescuers and relatives of victims set up tents in front of collapsed buildings in Derna, Libya, Monday, Sept. 18, 2023. Some 11,300 people died when two dams collapsed during Mediterranean storm Danie

Climate change made Libya flooding '50 times more likely'


Nicky Harley
  • English
  • Arabic

Flooding in Libya, which has killed almost 4,000 people and left 9,000 missing, was made 50 times more likely due to human-caused climate change, a study has revealed.

A report by the World Weather Attribution group, compiled by an international team of climate scientists, says heavy rainfall, which caused devastation in large parts of the Mediterranean in early September, was made more likely to happen by climate change resulting from greenhouse gas emissions.

It found that the destruction caused by the heavy rain was much greater due to factors that included construction in flood-prone areas, deforestation, and the consequences of the conflict in Libya.

Maya Vahlberg, from the Red Cross Red Crescent Climate Centre, told The National that urgent action needs to be taken to reduce people's exposure to flood risk and has called for a full review of the designs of the Libyan dams, which collapsed and failed.

It comes as the report, which was published on Tuesday, warned that human-caused warming made the heavy rainfall up to 10 times more likely in Greece, Bulgaria and Turkey, and up to 50 times more likely in Libya.

"What needs to happen now is that we urgently need to reduce exposure to flood risk in Libya," Ms Vahlberg said.

"For instance in the river where these two dams were built, it was super densely populated and roughly 2,000 homes were exposed to this massive flood risk, so a first step is to definitely reduce exposure and look at nature based solutions to reduce and increase the ground’s ability to absorb this water compounding and cascading impact."

Scientists call for improved early warning systems

She said the impact of the failure of the dams could have been reduced if better warning systems had been in place.

"In Libya, there was three days warning but the impact of that potential rainfall on infrastructure and people was not clearly understood in advance," she said.

"It is not clear to what extent forecasts and warnings for it were communicated and received by the general public. In Libya the big driver was the volume of water and overnight timings of the dam failings. This meant that anyone in the path of the water was at risk.

"Libya is a country in continuing conflict and state fragility which likely contributed to a lack of maintenance and deterioration of the infrastructure over time increasing the risk of dam safety issues. The dams were built in the 1970s using relatively short rainfall records and may not have been designed to withstand a one in 600-year event.

"A full after-action review looking at the design criteria of the dams will be required to understand the extent to which the dams' design and the lack of subsequent maintenance contributed to this disaster. '"Even still, catastrophic dam failures and its impact can be limited through risk reduction protocols that involve real-time monitoring of forecasts and water volumes and warning systems that alert those downstream of possible failures and the need to evacuate.

"This disaster points to the need to design and maintain infrastructure. Improved early warning systems, adaptation planning and emergency planning could also help to avoid to repeat these events in the future.”

Half of Greece's road networks in flood-prone areas

She warned that Greece is also at risk due to its high rates of urbanisation having changed the scope of the landscape, while a quarter of the country is facing "very high" flood risk as 80 per cent of its urban areas and half its road network are located in flood-prone areas.

Spain, Greece, Bulgaria, Turkey and Libya were all hit by floods after a low-pressure system named Storm Daniel, which formed in the Eastern Mediterranean, brought large amounts of rain over a 10-day period.

Four people were killed in Bulgaria, five in Spain, seven in Turkey and 17 in Greece.

The greatest disaster occurred in Libya, where the floods caused the collapse of two dams.

Julie Arrighi, Director at the Red Cross Red Crescent Climate Centre, said improved warning systems and forecasts will help.

“This devastating disaster shows how climate change-fuelled extreme weather events are combining with human factors to create even bigger impacts, as more people, assets and infrastructure are exposed and vulnerable to flood risks," she said.

"However, there are practical solutions that can help us prevent these disasters from becoming routine such as strengthened emergency management, improved impact-based forecasts and warning systems, and infrastructure that is designed for the future climate.”

To quantify the effect of climate change on the heavy rain in the regions, scientists analysed climate data and computer model simulations to compare the climate as it is today, after about 1.2°C of global warming since the late 1800s, with the climate of the past, following peer-reviewed methods.

For Libya, the scientists found that human-caused climate change made the event up to 50 times more likely to happen, with up to 50% more rain during the period, as a result of human-caused greenhouse gas emissions.

They said the event is still extremely unusual, and can only be expected to occur around once in 300-600 years, in the current climate.

For Greece, Bulgaria and Turkey, the analysis showed that climate change made heavy rain up to 10 times more likely to happen, with up to 40 per cent more rain, as a result of human activities that have warmed the planet.

For this large region, which encompasses parts of the three countries, the event is now reasonably common, and can be expected about once every 10 years, meaning it has a 10 per cent chance of happening each year.

For central Greece, where most of the impacts took place, the event is less probable and only expected to happen once every 80-100 years, equivalent to a 1-1.25 per cent chance of happening each year.

In Spain, where most of the rain fell in just a few hours, the scientists estimated that such heavy rainfall is expected once every 40 years.

  • A tilted car sits above debris in Libya's eastern city of Derna. AFP
    A tilted car sits above debris in Libya's eastern city of Derna. AFP
  • A damaged building, days after Storm Daniel swept across eastern Libya. EPA
    A damaged building, days after Storm Daniel swept across eastern Libya. EPA
  • Rescue teams walk in Derna. AFP
    Rescue teams walk in Derna. AFP
  • Thousands of people have died in devastating floods in Libya. AP Photo
    Thousands of people have died in devastating floods in Libya. AP Photo
  • Abdulkarim Ben Ali uses crutches as he walks on the roof of his sister's damaged house. Reuters
    Abdulkarim Ben Ali uses crutches as he walks on the roof of his sister's damaged house. Reuters
  • A Palestinian civil defence team. AFP
    A Palestinian civil defence team. AFP
  • Rescue teams. AFP
    Rescue teams. AFP
  • Youssef, 18, a survivor of the flooding, lies on a bed at the Benghazi Medical Centre hospital. AFP
    Youssef, 18, a survivor of the flooding, lies on a bed at the Benghazi Medical Centre hospital. AFP
  • People gather for a demonstration outside the surviving Al Sahaba mosque. AFP
    People gather for a demonstration outside the surviving Al Sahaba mosque. AFP
  • People who survived the deadly storm outside the Al Sahaba mosque. Reuters
    People who survived the deadly storm outside the Al Sahaba mosque. Reuters
  • Demonstrators take part in protest against the government. Reuters
    Demonstrators take part in protest against the government. Reuters
  • Ruins at the site of the ancient Greco-Roman city of Cyrene in eastern Libya, about 60km west of Derna. AFP
    Ruins at the site of the ancient Greco-Roman city of Cyrene in eastern Libya, about 60km west of Derna. AFP

A key finding of the study is that the very large impacts observed in some of the regions were caused by a combination of high vulnerability of the population and their exposure to the event. In the affected area in Central Greece, most of the cities and communities and a large part of the infrastructure are located in flood-prone areas.

In Libya, a combination of several factors including long-lasting armed conflict, political instability, potential design flaws and poor maintenance of dams all contributed to the disaster. The interaction of these factors, and the very heavy rain that was worsened by climate change, created the extreme destruction.

Friederike Otto, Senior Lecturer in Climate Change and the Environment at Imperial College London, said action is paramount to ensure lives are saved.

“The Mediterranean is a hotspot of climate change-fuelled hazards. After a summer of devastating heatwaves and wildfires with a very clear climate change fingerprint, quantifying the contribution of global warming to these floods proved more challenging," he said.

"But there is absolutely no doubt that reducing vulnerability and increasing resilience to all types of extreme weather is paramount for saving lives in the future.”

The study was conducted by 13 researchers, including scientists from universities and research centres in Greece, the Netherlands, the UK and the US.

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

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
Pros%20and%20cons%20of%20BNPL
%3Cp%3E%3Cstrong%3EPros%3C%2Fstrong%3E%0D%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EEasy%20to%20use%20and%20require%20less%20rigorous%20credit%20checks%20than%20traditional%20credit%20options%0D%3C%2Fli%3E%0A%3Cli%3EOffers%20the%20ability%20to%20spread%20the%20cost%20of%20purchases%20over%20time%2C%20often%20interest-free%0D%3C%2Fli%3E%0A%3Cli%3EConvenient%20and%20can%20be%20integrated%20directly%20into%20the%20checkout%20process%2C%20useful%20for%20online%20shopping%0D%3C%2Fli%3E%0A%3Cli%3EHelps%20facilitate%20cash%20flow%20planning%20when%20used%20wisely%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cstrong%3ECons%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EThe%20ease%20of%20making%20purchases%20can%20lead%20to%20overspending%20and%20accumulation%20of%20debt%0D%3C%2Fli%3E%0A%3Cli%3EMissing%20payments%20can%20result%20in%20hefty%20fees%20and%2C%20in%20some%20cases%2C%20high%20interest%20rates%20after%20an%20initial%20interest-free%20period%0D%3C%2Fli%3E%0A%3Cli%3EFailure%20to%20make%20payments%20can%20impact%20credit%20score%20negatively%0D%3C%2Fli%3E%0A%3Cli%3ERefunds%20can%20be%20complicated%20and%20delayed%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cem%3ECourtesy%3A%20Carol%20Glynn%3C%2Fem%3E%3C%2Fp%3E%0A
The specs: 2019 Mercedes-Benz C200 Coupe


Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

The specs

The specs: 2019 Audi Q8
Price, base: Dh315,000
Engine: 3.0-litre turbocharged V6
Gearbox: Eight-speed automatic
Power: 340hp @ 3,500rpm
Torque: 500Nm @ 2,250rpm
Fuel economy, combined: 6.7L / 100km
 

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club

  • 1st ODI, Wednesday, April 10
  • 2nd ODI, Friday, April 12
  • 3rd ODI, Sunday, April 14
  • 4th ODI, Sunday, April 16

Squads:

  • UAE: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
  • Zimbabwe: Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

SPIDER-MAN%3A%20ACROSS%20THE%20SPIDER-VERSE
%3Cp%3EDirectors%3A%20Joaquim%20Dos%20Santos%2C%20Kemp%20Powers%2C%20Justin%20K.%20Thompson%3Cbr%3EStars%3A%20Shameik%20Moore%2C%20Hailee%20Steinfeld%2C%20Oscar%20Isaac%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
ELECTION%20RESULTS
%3Cp%3EMacron%E2%80%99s%20Ensemble%20group%20won%20245%20seats.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20second-largest%20group%20in%20parliament%20is%20Nupes%2C%20a%20leftist%20coalition%20led%20by%20Jean-Luc%20Melenchon%2C%20which%20gets%20131%20lawmakers.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20far-right%20National%20Rally%20fared%20much%20better%20than%20expected%20with%2089%20seats.%3C%2Fp%3E%0A%3Cp%3EThe%20centre-right%20Republicans%20and%20their%20allies%20took%2061.%3C%2Fp%3E%0A
The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.0%20twin-turbo%20inline%20six-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E600Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh450%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

MEDIEVIL%20(1998)
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20SCE%20Studio%20Cambridge%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%2C%20PlayStation%204%20and%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Leaderboard

63 - Mike Lorenzo-Vera (FRA)

64 - Rory McIlroy (NIR)

66 - Jon Rahm (ESP)

67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)

68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)

69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)

The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Updated: September 19, 2023, 1:14 PM