Deadly Yemen car bomb 'intended for civilians'


Ali Mahmood
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A terrorist explosion in Aden which killed five people, including a child, was intended for civilians, Yemen’s Supreme Security Committee has said.

Forty people were injured when an explosive-laden car detonated near the main gate of Aden International Airport on Saturday.

The committee, chaired by Aden governor Ahmed Lamlas, issued a statement late on Saturday night vowing to bring those responsible to justice.

"We assure all residents in Aden that all the state institutions are fully operating, including the airport, and we call upon them to practise their daily life normally,” the committee said.

The Office of Public Health in Aden confirmed the death toll.

“The airport is operating in full capacity and flights are going on according to the schedule,” Basam Al Muflehi, a Ministry of Transportation representative, told The National.

Earlier on Saturday night, Capt Mutalq Al Daghfali, liaison officer at Aden airport, told The National that no airport security staff were killed in the explosion.

  • Security personnel inspect the site of a car bomb explosion outside Aden International Airport, in Aden, southern Yemen. Reuters
    Security personnel inspect the site of a car bomb explosion outside Aden International Airport, in Aden, southern Yemen. Reuters
  • At least five civilians – including a child – were killed in the blast, with 40 injured, officials said. Some unconfirmed reports putting the death toll at 12. AFP
    At least five civilians – including a child – were killed in the blast, with 40 injured, officials said. Some unconfirmed reports putting the death toll at 12. AFP
  • The device went off in a car parked at an intersection near the main gate of Aden International Airport. AFP
    The device went off in a car parked at an intersection near the main gate of Aden International Airport. AFP
  • The bomb also destroyed nearby vehicles. AFP
    The bomb also destroyed nearby vehicles. AFP
  • A crowd gathers at the scene of the explosion outside Aden International airport. Reuters
    A crowd gathers at the scene of the explosion outside Aden International airport. Reuters
  • Yemen has been convulsed by civil war since 2014, when Iran-backed Houthi rebels displaced the internationally recognised government in parts of the country. Reuters
    Yemen has been convulsed by civil war since 2014, when Iran-backed Houthi rebels displaced the internationally recognised government in parts of the country. Reuters

Yemeni Prime Minister Maeen Abdulmalik Saeed instructed the security committee to carry out a swift probe into the circumstances of the attack and tighten security to “foil any harm targeting Aden's security and stability”, state-owned Saba news reported on Sunday.

The attack was condemned by Dr Nayef Al Hajraf, Secretary General of the Gulf Co-operation Council (GCC), Saudi state media reported.

Dr Al Hajraf said the GCC rejects terrorist acts as “incompatible with all religious principles and moral and humanitarian values” and offered condolences to the families of the victims.

No group has yet claimed responsibility for the blast, which was Yemen's deadliest terrorist attack since December 2020, when an explosion ripped through Aden's airport as members of the government arrived, killing 22 people and wounding more than 50.

'I was working on my computer when the blast went off'

Saturday's blast caused severe damage to buildings on the street near the airport.

Offices, hotels, grocery stores, internet cafes, pharmacies and homes were left badly damaged.

"The explosion was tremendous," said Nafea Ahmed, who lives on the street.

"I was working on my computer when the blast went off. At first I thought a rocket had hit the roof of our house because the windows and the decorations were smashed to pieces," he told The National.

"It was much stronger than the explosions that rocked the airport in December last year when the government arrived from Saudi Arabia – our house wasn't damaged that much in the December missile attack."

The EU's mission to Yemen condemned the attack.

"We are shocked and saddened by the continued senseless loss of life," it said on Saturday.

"The EU extends its condolences to the families of the victims and wishes those injured a speedy recovery. Implementing Riyadh Agreement is a top priority."

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

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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.”

Updated: November 01, 2021, 1:01 PM