Next stage in Yemen is to air audio tapes



The Yemeni president, Ali Abdullah Saleh, has missed many opportunities to make a soft exit, observed the editor-in-chief of the pan-Arab newspaper Asharq al Awsat, Tareq al Homayed.

Saleh could quit decently in ways different from those of other Arab presidents, who faced and are still facing massive popular protests against their regimes. Saleh, could, for example, announce early general elections and hand over power without even resorting to external mediation. However, he was obstinate and decided to manoeuvre as usual. Not only did he reject domestic calls, but also he turned down the GCC mediation plan, which was backed by the US and the EU. Thus, he has increasingly become isolated.

The latest incidents showed that many tribes, including his own, have turned against him, while his former allies can no longer stand by him. Even his army cannot provide him cover amid large-scale turmoil.

It is strange to imagine how he failed to realise the changes taking place in the region, and decided not to change his attitude. In the course of events, he continues to miss more opportunities.

He should understand that he is exhausting his manoeuvring room and soon will not be able to show up in public any more.

So what's next? Probably he will address people through an audio tape and say he is still inside their hearts.

The security of the Gulf is with its rulers

"During the 1950s Arab revolutions against monarchies, rebel leaders looked at us as a group of nomads governed by clans. Some even said that in public," commented the Kuwaiti writer Mohammed Saleh al Sabti in a commentary for the UAE newspaper Al Ittihad.

"Those leaders claimed that they were beginning a new era of progress, prosperity and freedom by overthrowing hereditary rule. But these republics turned out to be a striking examples of oppression and injustice."

These regimes exploited the wealth of their countries for their own interests. Meanwhile, the hereditary systems they undermined have proved to be safer and freer. This is because they assured justice for their own people more than revolutionaries did.

To justify their failure to fulfil their promises, republican regimes claim that the welfare enjoyed by the Gulf countries is due solely to oil.

"This is a very wrong idea, which is suggested by leaders of revolutions to cover their shortcomings. The truth that they avoid admitting is that the Gulf leaders have done well in managing their countries. While leaders of revolutions have squandered their riches, their counterparts in the Gulf have turned deserts into gardens."

Anyway, some Gulf states do not have much wealth yet they have diversified their sources of income through good governance.

Announcement of a state is a good step

The Arab Peace Initiative Committee's decision to back the Palestinians' intention to seek unilateral recognition through the UN of their independent state is a good step, noted the Emirati newspaper Akhbar al Arab in its leader article. This needs to be endorsed by both the Organisation of the Islamic Conference and the African Union.

The committee said that it decided to address the UN at its next general assembly, in September, to apply for full membership for the state of Palestine, based on its 1967 borders with East Jerusalem as its capital.

Such an announcement will raise many important questions about the reasons why the Israelis have always rejected this proposal.

Thus Israel will be cornered. Probably it will be criticised and pushed to respond positively to withdraw from the 1967 occupied territories. Washington will likely intervene against any sanctions on Israel, but this may not last forever if Palestinians and their allies manage to convey their message appropriately.

If the Israelis continue to oppress others, Palestinians should continue to engage in a civilised political dialogue, using the media and diplomacy.

For peace to happen, a minimum level of stability will be needed.

Morocco accused of anti-Algeria lobbying

The Moroccan lobby in Washington was behind the accusation that Algeria is sending mercenaries and weapons to Libya to support Col Muammar Qaddafi in his war against the opposition, a senior Algerian diplomat was quoted as saying by the London-based newspaper Al Quds al Arabi.

"The official lobby of our neighbour Morocco maintained in Washington that we sent mercenaries and arms to neighbouring Libya," the diplomat said.

The Libyan National Transitional Council had earlier accused Algeria of providing the Libyan regime with mercenaries and weapons. It announced that 15 Algerians had been detained in Ajdebia, and that three others were killed in fierce battles in that eastern city.

The Algerian diplomat stressed that his country respects the UN Security Council resolutions concerning the Libyan crisis, including the implementation of an embargo.

He also stressed the importance of building mutual trust in order to foster good neighbourly relations. He added that although the borders are closed, the volume of trade between Morocco and Algeria is larger than that with any other African country, including neighbouring Tunisia.

* Digest compiled by Mustapha El Mouloudi

Company%20Profile
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Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
The%20specs
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RACE CARD

4pm Al Bastakiya – Listed (TB) $150,000 (Dirt) 1,900m

4.35pm Dubai City Of Gold – Group 2 (TB) $228,000 (Turf) 2,410m

5.10pm Mahab Al Shimaal – Group 3 (TB) $228,000 (D) 1,200m

5.45pm Burj Nahaar – Group 3 (TB) $228,000 (D) 1,600m

6.20pm Jebel Hatta – Group 1 (TB) $260,000 (T) 1,800m

6.55pm Al Maktoum Challenge Round-1 – Group 1 (TB) $390,000 (D) 2,000m

7.30pm Nad Al Sheba – Group 3 (TB) $228,000 (T) 1,200m

Tenet

Director: Christopher Nolan

Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh 

Rating: 5/5

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
The%20Beekeeper
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COMPANY%20PROFILE
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if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

How The Debt Panel's advice helped readers in 2019

December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'

JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.

“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”

November 26:  ‘I owe Dh100,000 because my employer has not paid me for a year’

SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue. 

SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."

October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'

MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.

“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December." 

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Company%20profile
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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47