• A vendor gives dates to customers to taste in preparation for the fasting month of Ramadan, as food prices soar in Sanaa, Yemen. All photos: Reuters
    A vendor gives dates to customers to taste in preparation for the fasting month of Ramadan, as food prices soar in Sanaa, Yemen. All photos: Reuters
  • A man looks at mangoes in a street stall in Sanaa.
    A man looks at mangoes in a street stall in Sanaa.
  • A vendor selling garlic waits for customers on a street in Sanaa.
    A vendor selling garlic waits for customers on a street in Sanaa.
  • A woman checks dates at a shop.
    A woman checks dates at a shop.
  • Vendors selling mangoes wait for customers.
    Vendors selling mangoes wait for customers.
  • A vendor shows a date at his shop.
    A vendor shows a date at his shop.
  • A vendor displays dates at his shop.
    A vendor displays dates at his shop.
  • Vendors selling bread wait for customers.
    Vendors selling bread wait for customers.
  • People buy mangoes from a street stall.
    People buy mangoes from a street stall.
  • A vendor waits for customers at his vegetable stall.
    A vendor waits for customers at his vegetable stall.

Yemen truce shows traditional diplomacy still effective, says UN envoy


Nada AlTaher
  • English
  • Arabic

Yemen’s first nationwide truce since the war began in 2015 has become a reality partly as a result of “the hard work of traditional diplomacy”, UN Special Envoy to Yemen Hans Grundberg said on Tuesday.

At an online press conference, Mr Grundberg said he had engaged in positive talks with the warring parties in the lead-up to the announcement of the two-month ceasefire, which began on April 2.

“We were never certain we would reach an agreement but I am happy and very pleased by the very frank and straight co-operation and discussion and negotiations I’ve had with the parties,” he said.

Yemen has been mired in civil war since the Houthi takeover of Sanaa in 2014 and subsequent intervention by a Saudi-led coalition a year later.

There is currently no mechanism for the UN to monitor the truce, which is largely holding despite reports of breaches made by both sides.

Mr Grundberg said it is “obvious” that the parties’ commitment is required for maintaining the relative calm.

“These are the most precarious days of the truce.

“We are in the process of setting up a co-ordination mechanism to help parties to prevent, manage and de-escalate incidents,” Mr Grundberg said. There has been a “significant reduction in violence” since the agreement came into effect, he said.

In the meantime, Sanaa International Airport is preparing to carry out twice-a-week commercial flights for the first time since its closed in 2016.

“Technical issues need to be addressed,” before flights can resume, given the airport’s long period of inactivity.

On the re-opening of roads around Taez, Mr Grundberg said invitations have been extended to both sides of the conflict to form a joint committee, although no date has been determined yet.

Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

SQUADS

Pakistan: Sarfraz Ahmed (capt), Azhar Ali, Shan Masood, Sami Aslam, Babar Azam, Asad Shafiq, Haris Sohail, Usman Salahuddin, Yasir Shah, Mohammad Asghar, Bilal Asif, Mir Hamza, Mohammad Amir, Hasan Ali, Mohammad Abbas, Wahab Riaz

Sri Lanka: Dinesh Chandimal (capt), Lahiru Thirimanne (vice-capt), Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Sadeera Samarawickrama, Roshen Silva, Niroshan Dickwella, Rangana Herath, Lakshan Sandakan, Dilruwan Perera, Suranga Lakmal, Nuwan Pradeep, Vishwa Fernando, Lahiru Gamage

Umpires: Ian Gould (ENG) and Nigel Llong (ENG)
TV umpire: Richard Kettleborough (ENG)
ICC match referee: Andy Pycroft (ZIM)

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

The years Ramadan fell in May

1987

1954

1921

1888

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

Updated: April 06, 2022, 1:59 PM