Government troops repel a Houthi rebel offensive on oil-rich Marib, some 120 kilometres east of Yemen's rebel-held capital Sanaa. AFP
Government troops repel a Houthi rebel offensive on oil-rich Marib, some 120 kilometres east of Yemen's rebel-held capital Sanaa. AFP
Government troops repel a Houthi rebel offensive on oil-rich Marib, some 120 kilometres east of Yemen's rebel-held capital Sanaa. AFP
Government troops repel a Houthi rebel offensive on oil-rich Marib, some 120 kilometres east of Yemen's rebel-held capital Sanaa. AFP

Yemen: Houthi militias use refugees as 'human shields'


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Yemen's government has accused Houthi rebels of using civilians as human shields in their renewed offensive against a strategically important mountainous region in the north.

Earlier this month, the Iran-backed rebels resumed their efforts to capture the city of Marib, 120 kilometres east of the rebel-held capital, Sanaa.

Military officials on Saturday said the rebels had been using residents of Al Zor camp in Marib province's Sirwah district as human shields, since their capture of that area last week.

Marib lies close to some of Yemen's richest oil fields and its capture would be major prize for the Houthis.

Local tribes, backed by the government and Saudi airpower, have resisted fiercely, using their knowledge of the mountainous terrain to their advantage.

But the fighting has raised fears for the hundreds of thousands of displaced civilians sheltering in camps in the surrounding desert that extends to the Saudi border.

The officials said there had been no let-up in the fighting.

Over the past 24 hours, at least 12 government-aligned fighters and 20 Houthis had been killed in clashes north and west of Marib, they said.

There was no way to independently verify the death toll.

Until early last year, Marib had been spared the worst of the civil war that erupted in 2014.

The International Committee of the Red Cross (ICRC) said it is "extremely concerned" by the recent fighting.

"The ICRC urges all parties to the conflict to take every possible measure to protect the civilians, their properties and all civilian essential infrastructures," it said.

The UN has warned of the potential for a humanitarian disaster.

"It puts millions of civilians at risk, especially with the fighting reaching camps for internally displaced persons," envoy Martin Griffiths told the UN Security Council.

The US on Thursday urged the Houthis to end their offensive and to allow as much access for humanitarian relief as possible.

On Friday the UK government called for an end to the fighting.

The Houthi offensive came as the new US administration removed the rebels from Washington's blacklist of terrorist organisations in a bid to facilitate aid deliveries to rebel-held areas and pave the way for renewed peace talks.

President Joe Biden has also announced an end to US backing for Saudi operations in Yemen.

Observers say the Houthis want to capture Marib to strengthen their hand in eventual peace negotiations.

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If you go

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Touring

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

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Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

JUDAS AND THE BLACK MESSIAH

Directed by: Shaka King

Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons

Four stars

Remaining Fixtures

Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final