Insight and opinion from The National’s editorial leadership
January 18, 2022
Abu Dhabi residents began Monday morning in an ordinary fashion, enjoying a sunny start to the working week after a weekend of rain. By 10am, however, news had broken of a tragedy in Mussaffah, the city’s industrial district, in which an explosion of three petroleum tankers resulted in three deaths and six injuries. A small fire had also broken out in Abu Dhabi’s airport.
Within hours, police investigations pointed to unusual features of the incidents, including the possible involvement of aerial drones. By the day’s end, the UAE confirmed that none of it was an accident; the Emirati capital had suffered an unprecedented attack, orchestrated by the extremist Houthi rebel group controlling large parts of Yemen.
Dr Anwar Gargash, diplomatic adviser to President Sheikh Khalifa, described the operation as a “heinous attack on civilian facilities”, amounting to nothing short of terrorism. Those killed were also civilians, and their loss will be mourned by a country that has long taken every measure to safeguard its population from such outrageous acts of violence. The UAE ministry of foreign affairs issued a statement confirming “the terrorist militia’s targeting of civilian areas and facilities on UAE soil”.
This week will mark eight years since the Houthis, backed by Iran, seized control of the Presidential Palace in Sana’a, shortly after ousting the country’s internationally recognised government. In that time, their war to assert control over the entirety of Yemen has resulted in the deaths of nearly 100,000 people – a quarter of them children – and plunged the country into poverty.
The attacks have been celebrated by terrorist groups and those who sponsor them throughout the Middle East
Even at the cost of so much suffering, however, the militants have failed to convince many Yemenis of the worthiness of their cause. In recent days, their ongoing offensives in central Yemen, particularly around the city of Marib, have been hampered by an alliance of local, anti-Houthi resistance forces, including soldiers of the internationally recognised government, supported by the Saudi-led coalition.
The UAE and its partners in the region have made considerable efforts to assist Yemenis suffering under Houthi oppression through support for the Saudi-led coalition and the provision of humanitarian aid, while also seeking a diplomatic end to the war. Thus far, the Houthis have rejected repeated offers from the coalition to negotiate.
The threat of Houthi control is most stark in Yemen itself, where the group has siphoned off humanitarian aid to civilians, enforced draconian laws based on extremist beliefs and conscripted thousands of child soldiers into its ranks. But it extends beyond Yemen’s borders, too. This is evident not only from the regular barrage of rockets fired from Houthi positions into Saudi territory, but also by the attack on Abu Dhabi on Monday.
That the targets in Abu Dhabi were civilian, moreover, highlights the indiscriminate nature of the Houthis’ campaign, and the risks their operations pose to regional stability. The attacks have been supported by terrorist groups and those who sponsor them throughout the Middle East. They are part of a broader pattern of extremists seeking to undermine whatever pockets of stability the region enjoys, emboldened by Iranian sponsorship and diminishing pressure from western powers. Last year, the US State Department removed the Houthis from its list of foreign terrorist organisations.
Achieving peace in Yemen will require continued diplomacy, but also a realistic understanding of what the Houthis are, and what they showed themselves once again to be on Monday – an extremist organisation reliant on terrorism and, most of all, fear. Their brazen attempts to bring that fear to Abu Dhabi failed as the explosions were swiftly brought under control, but that does not mean the world should ignore the dangers they pose.
Sharad Nair recommends three investment apps for UAE residents:
For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine When: Saturday, May 26, 10.45pm (UAE) TV: Match on BeIN Sports
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange