A Houthi rebel fighter escorts prisoners loyal to the Yemeni government at a site in Sanaa. EPA
A Houthi rebel fighter escorts prisoners loyal to the Yemeni government at a site in Sanaa. EPA
A Houthi rebel fighter escorts prisoners loyal to the Yemeni government at a site in Sanaa. EPA
A Houthi rebel fighter escorts prisoners loyal to the Yemeni government at a site in Sanaa. EPA

Yemen’s Houthi rebels release 153 prisoners of war


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Yemen’s Houthi rebels freed 153 prisoners of war on Saturday, the Red Cross said. It is one of several moves in recent days to ease tensions after the ceasefire in Gaza.

Earlier prisoner releases had been regarded as a way to boost talks aimed at securing a permanent end to Yemen's decade-long civil war, which began when the Houthis seized the country's capital in 2014.

Saturday's release comes two days after the Iran-backed rebels detained seven Yemeni workers from the UN.

The International Committee of the Red Cross said it “welcomes this unilateral release as another positive step towards reviving negotiations”.

“This operation has brought much-needed relief and joy to families who have been anxiously waiting for the return of their loved ones,” said Christine Cipolla, the ICRC’s head of delegation in Yemen. “We know that many other families are also waiting for their chance to be reunited. We hope that today’s release will lead to many more moments like this.”

Abdul Qader Al Murtada, head of the Houthis' Committee for Prisoners’ Affairs, said in a statement carried by Houthi media that those released were "humanitarian cases that included the sick, wounded and the elderly".

“The goal of the initiative is to build trust and establish a new phase of serious and honest dealing,” Mr Al Murtada said.

The Red Cross has helped to oversee other prisoner releases between Yemen's warring factions, including when 1,000 prisoners were swapped in 2020, more than 800 were exchanged in 2023 and another release took place in 2024.

A prisoner held by the Houthis waits with his fellows for his release in Sanaa on Saturday. Reuters
A prisoner held by the Houthis waits with his fellows for his release in Sanaa on Saturday. Reuters

After the Gaza ceasefire took hold last weekend, the rebels said they would limit their attacks on ships in the Red Sea and released the 25-member crew of the Galaxy Leader, a ship they seized in November 2023.

The Houthis’ attacks on shipping during the Gaza war have helped deflect attention from their problems at home. But the rebels have faced casualties and damage from US-led air strikes for months now, as well as strikes by Israel.

The civil war in Yemen has killed more than 150,000 people, including fighters and civilians, and created one of the world’s worst humanitarian disasters. Yemen's economy is in tatters, which has placed increasing pressure on the Houthis and others in the conflict to negotiate an end to the war. A de facto ceasefire has largely held for several years now even during the Houthis' attacks over the Gaza conflict.

Yet, the Houthis still conduct raids. UN Secretary General Antonio Guterres on Friday demanded the immediate and unconditional release of the seven workers, as well as all other UN employees held by the Houthis, some since 2021.

“The continued targeting of UN personnel and its partners negatively impacts our ability to assist millions of people in need in Yemen,” he said in a statement. “The Houthis must deliver on their previous commitments and act in the best interests of the Yemeni people and the overall efforts to achieve peace in Yemen.”

The UN has halted work in Yemen, where it provides food, medicine and other aid to the impoverished nation.

US President Donald Trump has moved to reinstate a terrorism designation he made on the Houthis late in his first term that had been revoked by former president Joe Biden, which may renew tensions with the rebels.

Analysts have linked the latest UN detentions to that decision, although the Houthis have not yet commented.

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The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.4-litre%20V8%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E470bhp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E637Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh375%2C900%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3C%2Fstrong%3E%3A%20ASI%20(formerly%20DigestAI)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Quddus%20Pativada%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Artificial%20intelligence%2C%20education%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%243%20million-plus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GSV%20Ventures%2C%20Character%2C%20Mark%20Cuban%3C%2Fp%3E%0A
How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ETelr%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202014%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E65%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20and%20payments%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3Enearly%20%2430%20million%20so%20far%3C%2Fp%3E%0A
Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A
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France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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Updated: January 27, 2025, 7:25 AM