A Houthi supporter holds a gun during a vigil marking the second anniversary of the killing of Iranian military commander Qassem Suleimani and Iraqi militia commander Abu Mahdi Al Muhandis in a US drone attack, at a mosque in Sanaa, Yemen, on January 3. EPA
A Houthi supporter holds a gun during a vigil marking the second anniversary of the killing of Iranian military commander Qassem Suleimani and Iraqi militia commander Abu Mahdi Al Muhandis in a US drone attack, at a mosque in Sanaa, Yemen, on January 3. EPA
A Houthi supporter holds a gun during a vigil marking the second anniversary of the killing of Iranian military commander Qassem Suleimani and Iraqi militia commander Abu Mahdi Al Muhandis in a US drone attack, at a mosque in Sanaa, Yemen, on January 3. EPA
A Houthi supporter holds a gun during a vigil marking the second anniversary of the killing of Iranian military commander Qassem Suleimani and Iraqi militia commander Abu Mahdi Al Muhandis in a US dro


Abu Dhabi attacks put Biden’s Houthi designation firmly in the spotlight


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January 20, 2022

In the aftermath of the attack carried out by Iranian-backed Houthi rebels on a peaceful civilian district of Abu Dhabi this week, it is hard to see how US President Joe Biden can resist calls for the extremist group to be re-designated a terrorist organisation.

As Dr Anwar Gargash, diplomatic adviser to UAE President Sheikh Khalifa, stated in the immediate aftermath of the attack, the Houthi operation was a “heinous attack on civilian facilities” that amounted to nothing short of terrorism.

The attack certainly constitutes a serious escalation in the Houthis’ terrorist campaign being waged against members of the Saudi-led coalition, which is seeking to restore Yemen’s democratically-elected government to power. In the latest outrage, the Iranian-backed rebels said they fired five ballistic missiles and “a large number of drones” at Dubai and Abu Dhabi airports, an oil refinery in Musaffah as well as several “sensitive” sites in the UAE.

Abu Dhabi police said three people were killed and six wounded when three fuel tanker trucks exploded in the industrial Musaffah area near storage facilities run by the country’s Adnoc oil conglomerate.

This week’s attack on the UAE was similar to the Houthi operation carried out against Saudi Arabia’s Aramco facilities in September 2019, which also involved a mixture of drones and cruise missiles, which the Houthis were later found to have acquired from Iran.

UAE officials were quick to condemn the attack against civilian facilities on Emirati soil. "(It) will not go unpunished," said a statement issued by the UAE foreign ministry. "The UAE reserves the right to respond to these terrorist attacks and criminal escalation."

Within hours, the Saudi-led coalition responded by launching airstrikes against Houthi training camps and strongholds around the Yemeni capital Sanaa, and said it had succeeded in destroying a drone communication system.

Global leaders have rallied around the UAE in the wake of the Houthi attacks, with Liz Truss, the UK foreign secretary, responding on Twitter: “I condemn in the strongest terms the Houthi-claimed terrorist attacks on the United Arab Emirates”, while the US secretary of State, Antony Blinken, and the White House national security adviser, Jake Sullivan, also denounced the attacks and promised to co-ordinate a response with Emirati officials.

Global leaders have rallied around the UAE in the wake of the Houthi attacks

The attacks by the Iranian-backed rebels come at a time when the Biden administration is attempting to revive the 2015 nuclear deal with Iran signed by the former Obama administration, and their timing will inevitably raise questions about Tehran’s commitment to the negotiations over the future of its nuclear programme.

It also puts the spotlight on Mr Biden’s decision, taken in the first weeks of his presidency, to remove the Houthis from Washington’s list of designated terrorist groups, which had originally been implemented by the Trump administration.

The decision to lift the designation of the Iranian-backed Houthis as a global terrorist organisation was taken as part of the Biden administration’s wider review of its relations with Saudi Arabia. Former US President Donald Trump had originally made the designation in the dying days of his presidency to try and cut off the Houthis’ funding and weapons, which are mainly supplied by Iran.

Mr Biden’s decision to lift the designation was taken to help alleviate the deepening humanitarian disaster in Yemen, which has been caused in part by the Houthis, who control most of the aid deliveries. Another factor in Mr Biden’s decision was that he wanted to ease tensions with Tehran, which has close ties with the Houthis, as he sought to revive the nuclear talks.

But this week’s attack against the UAE – which has long-standing defence ties with the US and plays host to around 5,000 American military personnel – demonstrates the Houthis and their backers have not abandoned their terrorist activities.

It also raises serious questions about the wisdom of that decision, and led to renewed calls by senior UAE officials for Washington to re-designate the Houthis as a terrorist organisation.

In the immediate aftermath of the attack, Yousef Al Otaiba, the UAE ambassador to the US, made contact with the Biden administration and Congress asking for the Houthis to be re-designated as a terrorist organisation. “We are asking our friends in the administration and in Congress to reinstate the Houthi terrorist designation," Mr Al Otaiba said at the Jewish Institute for National Security of America.

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, also held talks with US Defence Secretary Lloyd Austin concerning the attack, when they discussed ways to boost military and security co-operation between the UAE and the US, and the need for a "decisive international stance" in countering Houthi attacks.

The issue is certainly being taken seriously by Mr Biden, who confirmed the matter was being discussed by officials during a press conference that was held to mark his first year in office. When asked whether he was considering re-designating the Houthis as a terrorist organisation, Mr Biden replied: “It's under consideration, yes.”

For the moment, though, the Biden administration’s main focus appears to be trying to arrange a ceasefire in Yemen’s long-running civil war as Tim Lenderking, Mr Biden’s special envoy for Yemen, departs for talks in London and the Gulf. A State Department spokesman said the visit will largely be aimed at pushing for a ceasefire that would allow all parties to take steps to improve humanitarian access.

“Ending the war in Yemen takes the two parties that are involved in it and it's going to be very difficult,” said Mr Biden.

Even though the Biden administration has lifted the terrorist designation against the Houthis, it has still maintained and expanded sanctions against individual Houthi leaders, including Abd Al Karim Al Ghamari and Yusuf Al Madani, as well as senior Houthi military officer Saleh Mesfer Al Shaer. The Treasury Department has also sanctioned Iran-based Houthi financier Said Al Jamal.

But the administration is likely to come under pressure from Congress to take a harder line, both with the Houthis as well as their backers, which could have serious implications for the future of the Iran nuclear talks.

Apart from calling for the Houthis to be re-designated a terrorist group, Republicans in Congress are calling for further sanctions against Iran and additional arms sales to the Gulf – measures that, if implemented, would make the prospects of reaching a nuclear deal with Tehran even more remote.

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

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ICC T20 Rankings

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3. Pakistan - 261 points

 

4. South Africa - 253 points

 

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6. New Zealand - 250 points

 

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Percentage increase in visitors in eight years: 500 per cent

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Alyssa Ayres, Oxford University Press

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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.”

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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The flights

Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes

The package

Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January

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Visit www.gokorea.co.uk

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Price, base / as tested Dh52,900 / Dh59,200

Engine 1.6L in-line four-cylinder

Transmission Continuously variable transmission

Power 115hp @ 5,500rpm

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Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

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A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Updated: January 21, 2022, 12:12 AM