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The US and its allies are studying options to respond to Houthi attacks on Israel-bound ships in the Red Sea, including strikes in Yemen, diplomats told The National.
Yemen's warring parties are considering a broader ceasefire to allow for crucial peace talks.
But the Iran-backed Houthis' actions in support of Hamas in Gaza are jeopardising the process, Yemeni officials have said.
“Western security agencies and diplomatic missions … are studying together with other intelligence agencies how to respond to this increasing threat in the Red Sea, including possibly conducting targeted air strikes,” said one western official.
Two other western diplomats working to avoid a spillover of the war in Gaza confirmed the details of the talks between the US and its allies.
The Iran-backed Houthis, Hamas allies, have recently attacked several ships in the Red Sea, claiming they were linked to Israel.
In the months running up to the current war, there had been relative optimism over prospects of a peace deal in Yemen, which has been ravaged by one of the world's most significant humanitarian crises.
Pentagon press secretary Berig Gen Pat Ryder said the US and partners are working to bolster a maritime task force to address the Houthi threat to shipping in the Red Sea.
"This is an international problem and it requires an international solution," Brig Gen Ryder told reporters.
"All of this is underscored by the fact that we recognise the tensions in the region right now, and we want to continue to stay very focused on ensuring that this does not broaden into a wider regional conflict."
He said the Pentagon would be releasing more information "in the near future" as it relates to military efforts in the Red Sea.
Senate foreign relations committee chairman Ben Cardin told reporters “it may be time” to look at redesignating the Houthis as a foreign terrorist organisation.
The Biden administration removed the designation in February 2021, citing humanitarian concerns.
The US last week said it was in talks with other countries to set up a task force after a spate of attacks by the Iran-backed Houthis on ships in the Red Sea.
Tehran responded by warning that any proposed multinational task force would be challenged.
“If they make such an irrational move, they will be faced with extraordinary problems,” Iran's Defence Minister Mohammad Reza Ashtiani told the official Iranian Student News Agency.
He said “nobody can make a move in a region where we have predominance”.
“Further escalation in Yemen and the Red Sea sea won’t only delay such a possible peace deal that the United Nations has been juggling for nine years to achieve, but also threaten the current already fragile ceasefire within Yemen and between Houthis and Saudis,” said one of the diplomats.
The Houthis and the internationally recognised government of Yemen have primarily agreed to the proposed road map for peace.
“The agreement is expected to be announced soon,” a Yemeni official earlier told The National.
“It should lead to a ceasefire and comprehensive political negotiations before a lasting peace. The only issue that might cause a delay is the Houthis' actions in the Red Sea.”
A second Yemeni official warned “some western capitals, which have condemned Houthi attacks against trade ships, have questioned the timing and requested further consultations before announcing it”.
“The Houthis are arguing that their actions are unrelated to the attacks.”
Fighting was curtailed by a UN-brokered ceasefire in April last year, despite the truce expiring six months later.
In September, Saudi Arabia hosted Houthi representatives for several days of talks, in the first public official visit by a Houthi delegation to the kingdom since 2015.
Despite the risk to the deal, the Houthis have vowed to continue their attacks in the Red Sea and attempts to strike Israel with drones and missiles as long as the war continues in Gaza, where more than 18,400 Palestinians have been killed in Israeli strikes and shelling since October 7.
“Against the backdrop of our operations in the Red Sea … we are receiving several communications and messages from active countries confirming … that they are against the expansion of the conflict,” Houthi spokesman Mohamad Abdelsalam wrote on X, formerly known as Twitter.
“Yemen's position will remain the same, to stand alongside the Palestinian people until the aggression stops and the siege on Gaza is lifted.”
The US has yet to reveal any plans to respond to the Houthis.
But a State Department official last week told The National recent escalations in the Red Sea were “threatening almost two years of joint progress to end the war in Yemen”.
Over the past few weeks, the US and French navies have intercepted drones and missiles launched from Yemen towards Israel.
One western diplomat said Saudi air defence systems had intercepted some of those missiles, although Riyadh has not announced any actions in this regard.
“So far, no human lives have been lost in any of those attacks," the diplomat said.
"Houthis have shot at western ships. If it happens at one point, it is only going to drive further international military intervention in Yemen."
Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus
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The biog
From: Ras Al Khaimah
Age: 50
Profession: Electronic engineer, worked with Etisalat for the past 20 years
Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'
Favourite quote: 'Life is so simple, enjoy it'
In 2018, the ICRC received 27,756 trace requests in the Middle East alone. The global total was 45,507.
There are 139,018 global trace requests that have not been resolved yet, 55,672 of these are in the Middle East region.
More than 540,000 individuals approached the ICRC in the Middle East asking to be reunited with missing loved ones in 2018.
The total figure for the entire world was 654,000 in 2018.
Directed by: Craig Gillespie
Starring: Emma Stone, Emma Thompson, Joel Fry
4/5
The%20specs
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The biog
Favourite car: Ferrari
Likes the colour: Black
Best movie: Avatar
Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy
Mohammed bin Zayed Majlis
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Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
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.”
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
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
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
World Cup warm up matches
May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff
May 25 England v Australia, Southampton; India v New Zealand, The Oval
May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff
May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval
May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
AGUERO'S PREMIER LEAGUE RECORD
Apps: 186
Goals: 127
Assists: 31
Wins: 117
Losses: 33
Ovo's tips to find extra heat
- Open your curtains when it’s sunny
- Keep your oven open after cooking
- Have a cuddle with pets and loved ones to help stay cosy
- Eat ginger but avoid chilli as it makes you sweat
- Put on extra layers
- Do a few star jumps
- Avoid alcohol
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Avengers: Endgame
Directors: Anthony Russo, Joe Russo
Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin
4/5 stars
The Lowdown
Us
Director: Jordan Peele
Starring: Lupita Nyong'o, Winston Duke, Shahadi Wright Joseqph, Evan Alex and Elisabeth Moss
Rating: 4/5
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes