Flames and smoke rise from the Greek-flagged oil tanker Sounion in the Red Sea. US military sources say the vessel appears to be leaking. Reuters
Flames and smoke rise from the Greek-flagged oil tanker Sounion in the Red Sea. US military sources say the vessel appears to be leaking. Reuters
Flames and smoke rise from the Greek-flagged oil tanker Sounion in the Red Sea. US military sources say the vessel appears to be leaking. Reuters
Flames and smoke rise from the Greek-flagged oil tanker Sounion in the Red Sea. US military sources say the vessel appears to be leaking. Reuters

Greek oil tanker attacked by Houthis appears to be leaking, Pentagon says


Mina Aldroubi
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Live updates: Follow the latest from Israel-Gaza

The Greek-flagged MV Sounion crude oil tanker, which was attacked by Yemen's Houthi rebels in the Red Sea last week, is still ablaze and appears to be leaking, the Pentagon said on Wednesday.

“Sounion now sits immobilised in the Red Sea, where it is currently on fire and appears to be leaking oil, presenting both a navigational hazard and an environmental catastrophe,” Maj Gen Patrick Ryder said in a news briefing.

Attempts at salvage were frustrated by the Iran-backed Houthis, who have threatened more attacks.

Gen Ryder said two tugs were sent by a third party to the burning vessel, but they were warned off by the Houthis.

US Central Command is monitoring the situation and co-ordinating with maritime partners on how best to assist the vessel, he said.

The Sounion, owned and operated by the Greek shipping company Delta Tankers, was carrying about one million barrels of crude oil from Iraq to Greece, and a spill could be one of the largest yet recorded. The crew were evacuated a day after the attack.

Julien Jreissati, programme director for Greenpeace Middle East and North Africa, told The National that the Red Sea is a natural treasure which needs to be protected and that the implication of a spill on the environment and the surrounding states are high.

Mr Jreissati said there needs to be “response equipment that is already in place and ready to be deployed if or when a massive spill happened, like containment booms, for example.”

Greenpeace, he said, has been unable to verify whether the tanker is spilling oil but can safely say from satellite images that the vessel is burning.

“What is happening in the Red Sea is both a result of the escalating tension in our region, and also a contributor to that too,” Mr Jreissati said.

European Union naval forces in the region said last week that there was no sign of a spill. However, the Pentagon's statement is the first official mention of a likely spill.

The ship was first hit by gunfire from two boats on August 21, then it was struck by three projectiles that started a fire and left it dead in the water, the UK Maritime Trade Operations office said. A European warship reached the 25 crew members a day later and took them to Djibouti.

The oil tanker was later attacked again. The Houthis posted a video purportedly showing them setting it on fire.

The EU's mission in the Red Sea, known as Aspides, is assessing protective measures including towing the tanker, according to Reuters.

The rebels have been attacking ships in the Red Sea for the past 10 months in solidarity with the Palestinians following Israel's war on the Gaza Strip that started last October.

Greenpeace has been calling for an immediate and comprehensive ceasefire in Gaza, Mr Jreissati said.

“Forty thousand deaths, mainly children and women, should be enough of a reason for a ceasefire to happen. It should not be motivated by the fact that global trade might be affected,” he said.

The Houthis claim they are attacking ships that are linked to Israel. At least two have been sunk and two crew members have been killed since the rebels started their attacks.

“What is in the hand of the global powers is a ceasefire in Gaza and this is where they can create a real change and find a solution, much more than any potential escalation and intervention in the Red Sea,” Mr Jreissasti added.

International shipping has been largely disrupted by the attacks and they have pushed thousands of ships to avoid the area. Crews are taking a longer route around the Cape of Good Hope and using trans-shipment ports such as Singapore.

Results:

Men’s wheelchair 200m T34: 1. Walid Ktila (TUN) 27.14; 2. Mohammed Al Hammadi (UAE) 27.81; 3. Rheed McCracken (AUS) 27.81.

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It

Director: Andres Muschietti

Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor

Three stars

Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Education reform in Abu Dhabi

 

The emirate’s public education system has been in a constant state of change since the New School Model was launched in 2010 by the Abu Dhabi Education Council. The NSM, which is also known as the Abu Dhabi School Model, transformed the public school curriculum by introducing bilingual education starting with students from grades one to five. Under this new curriculum, the children spend half the day learning in Arabic and half in English – being taught maths, science and English language by mostly Western educated, native English speakers. The NSM curriculum also moved away from rote learning and required teachers to develop a “child-centered learning environment” that promoted critical thinking and independent learning. The NSM expanded by one grade each year and by the 2017-2018 academic year, it will have reached the high school level. Major reforms to the high school curriculum were announced in 2015. The two-stream curriculum, which allowed pupils to elect to follow a science or humanities course of study, was eliminated. In its place was a singular curriculum in which stem -- science, technology, engineering and maths – accounted for at least 50 per cent of all subjects. In 2016, Adec announced additional changes, including the introduction of two levels of maths and physics – advanced or general – to pupils in Grade 10, and a new core subject, career guidance, for grades 10 to 12; and a digital technology and innovation course for Grade 9. Next year, the focus will be on launching a new moral education subject to teach pupils from grades 1 to 9 character and morality, civic studies, cultural studies and the individual and the community.

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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EA Sports FC 25
UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

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. 

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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UAE currency: the story behind the money in your pockets

Tesalam Aleik

Abdullah Al Ruwaished

(Rotana)

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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."

Updated: August 28, 2024, 2:55 PM