Tim Lenderking, the US special envoy for Yemen. Reuters
Tim Lenderking, the US special envoy for Yemen. Reuters
Tim Lenderking, the US special envoy for Yemen. Reuters
Tim Lenderking, the US special envoy for Yemen. Reuters

Peace in Yemen impossible without Gulf countries, US envoy says


Adla Massoud
  • English
  • Arabic

Tim Lenderking, the US special envoy to Yemen, has said peace in the country will not be possible without the participation of Gulf countries.

In an interview with The National, Mr Lenderking also emphasised that a diplomatic solution must be found to Yemen's decade-old civil war, which has pitted the internationally recognised central government against the Iran-backed Houthis.

“The Gulf countries are all united in their support for a genuine peace effort in Yemen,” he told The National.

“And we can't do this without the Gulf countries.”

Mr Lenderking also highlighted the US's commitment to facilitating and supporting the peace process, calling for regional co-operation to advance peace efforts.

“The United States wants to continue to support a peace process, and we'll do everything we can to make that happen, allow that peace process to go ahead,” Mr Lenderking said.

The diplomat travelled to the Middle East in March, visiting Saudi Arabia and Oman to continue “intensive” efforts to build on the UN-mediated truce in Yemen.

However, the peace process faces significant roadblocks due to the actions of the Houthis, who control Yemen’s capital Sanaa and other areas in the west of the country.

Earlier this month, the UN special envoy for Yemen Hans Grundberg warned the peace process is at risk of becoming “collateral damage” amid wider regional conflict, criticising the Houthis for their attacks on international shipping in the Red Sea.

The group claims the attacks are being carried out in solidarity with Palestinians amid the Israel-Gaza war.

The attacks have prompted retaliatory strikes by the US and Britain since February, which Mr Lenderking stressed are focused on neutralising the threat to maritime security posed by the Houthis.

The attacks are "risky and indiscriminate and reckless behaviour," the envoy said.

"This goes far beyond any sort of linkage with the crisis in Gaza … this is very quickly eroding any sort of goodwill or support that the Houthis have had in the international community, in the Security Council, among the P5,” Mr Lenderking said, referring to the five permanent members of the council.

“The Yemeni people, from everything I see, want their country back. They want foreign fighters out of Yemen. They don't want Al Qaeda, they don't want Daesh or the Islamic State. They don't want the Iranians.”

Mr Lenderking highlighted the lack of public support for the Houthis within Yemen, citing their lack of popularity and “oppressive” governance.

He urged a return to dialogue and peace efforts.

“At the end of the day, the United States wants to return, move away from attacks in the Red Sea to de-escalation, and keep the focus on peace.”

A Houthi supporter carries a mock missile during a rally marking the ninth anniversary of the Saudi military intervention in Yemen's war, in Sanaa, on March 26, 2024. EPA
A Houthi supporter carries a mock missile during a rally marking the ninth anniversary of the Saudi military intervention in Yemen's war, in Sanaa, on March 26, 2024. EPA

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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Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

Last 10 NBA champions

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2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

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Transmission: 10-speed auto

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Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Three tips from La Perle's performers

1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.

2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.

3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.

List of alleged parties
  • May 15 2020: Boris Johnson is said to have attended a Downing Street pizza party
  • 27 Nov 2020: PM gives speech at leaving do for his staff
  • Dec 10 2020: Staff party held by then-education secretary Gavin Williamson 
  • Dec 13 2020: Mr Johnson and his then-fiancee Carrie Symonds throw a flat party
  • Dec 14 2020: Shaun Bailey holds staff party at Conservative Party headquarters 
  • Dec 15 2020: PM takes part in a staff quiz
  • Dec 18 2020: Downing Street Christmas party 
Gulf rugby

Who’s won what so far in 2018/19

Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain

What’s left

UAE Conference

March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes

March 29, final

The years Ramadan fell in May

1987

1954

1921

1888

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

Updated: April 23, 2024, 1:51 PM