The UN special envoy for Yemen called on representatives of the government and the Iran-backed Houthi rebels to hold “serious” negotiations as a new round of talks on prisoner exchanges began in Geneva on Saturday
The closed-door negotiations, reportedly set to last 11 days, are being overseen by the United Nations and the International Committee of the Red Cross.
“I hope the parties are ready to engage in serious and forthcoming discussions to agree on releasing as many detainees as possible,” UN special envoy Hans Grundberg said in a statement released before the talks.
The prisoner exchanges are part of an agreement reached by the government and rebels during talks in Stockholm in December 2018.
Under that deal, the sides agreed “to release all prisoners, detainees, missing persons, arbitrarily detained and forcibly disappeared persons, and those under house arrest”, held in connection with Yemen's nearly decade-long conflict, “without any exceptions or conditions”.
The ICRC noted that past meetings mediated by Mr Grundberg's office had “resulted in the release of prisoners on both sides”.
“In 2020, more than 1,050 detainees were released and provided with transportation to their region of origin or home country following an agreement reached by the sides,” it said in a statement to AFP.
The seventh round of talks on prisoner releases comes almost a year after the Houthis said they had agreed to a swap that would see 1,400 rebels freed in exchange for 823 pro-government fighters — including 16 Saudis and three Sudanese nationals.
But there has been no further progress despite a series of meetings in the Jordanian capital, Amman.
“The ICRC is committed to supporting the implementation of future detainee releases and exchanges, and to repatriating or transferring released detainees across front lines back to their respective homes,” the organisation said.
Emphasising that it was “a neutral intermediary in this process”, the ICRC said it was “not involved in the negotiations on who exactly is going to be released and the identities of the detainees proposed and accepted for exchange by all concerned parties”.
Speaking to the official Saba news agency on Thursday, Yemeni government delegation member Majed Fadail said the aim of the talks was “to reach an understanding regarding the details” of a prisoner exchange.
In a Twitter post that day, the leading Houthi delegate to the Geneva talks said he hoped the negotiations would yield concrete results.
“We hope that this round will be a decisive one,” Abdul Qader Al Murtada said.
Mr Grundberg said it was urgent to reach an agreement.
“With Ramadan approaching, I urge the parties to fulfil the commitments they made, not just to each other, but also to the thousands of Yemeni families who have been waiting to be reunited with their loved ones for far too long,” he said.
Saturday's talks began a day after Saudi Arabia and Iran said they had agreed to restore diplomatic relations, following years of supporting opposite sides during Yemen's more than eight years of war.
A detente between the two regional heavyweights could facilitate a solution to the conflict, which has pitted the Iran-backed Houthis against the internationally-recognised Yemeni government supported by Saudi Arabia, analysts say.
The Houthis took control of the Yemeni capital, Sanaa, in 2014, prompting a Saudi-led coalition to intervene on behalf of the Yemeni government the following year.
Since then, the grinding conflict has killed thousands and pushed the Gulf region's poorest nation to the brink of famine.
Fighting has largely been on hold since a UN-brokered ceasefire took effect in April last year, even after the agreement expired in October.
With reporting from AFP
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
BANGLADESH SQUAD
Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)
What is hepatitis?
Hepatitis is an inflammation of the liver, which can lead to fibrosis (scarring), cirrhosis or liver cancer.
There are 5 main hepatitis viruses, referred to as types A, B, C, D and E.
Hepatitis C is mostly transmitted through exposure to infective blood. This can occur through blood transfusions, contaminated injections during medical procedures, and through injecting drugs. Sexual transmission is also possible, but is much less common.
People infected with hepatitis C experience few or no symptoms, meaning they can live with the virus for years without being diagnosed. This delay in treatment can increase the risk of significant liver damage.
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'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press
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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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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.”
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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.
Favourite book: ‘The Art of Learning’ by Josh Waitzkin
Favourite film: Marvel movies
Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence
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