Yemen was already one of the world's poorest countries before its ongoing civil war. But over the past eight years, political chaos and a Houthi rebel insurgency have led to one of the worst humanitarian crises of the 21st century. More than 23 million people are estimated to be in need of assistance this year, more than half of them desperately. In 2021, Unicef reported that four out of five Yemeni children were in need of such help, and that more than two million were out of school. Food and water supply, medical care and sanitation have deteriorated and, as The National has reported, the number of landmines is increasing.
Worse still, Yemen's dire situation was at risk of becoming normalised by some in the international community as the years dragged on. But in recent months, Yemenis have proved to the world that compromise is possible. On April 1, a two-month truce brokered by the UN came into effect, the first nationwide one in six years. It was extended in June for another two months.
In a week's time, this latest phase will be up. It is crucial that it is extended.
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Saeed, 55 was driving to see his sister in hospital in Mokha when the car he was driving hit a landmine, which exploded instantly, killing his daughter, 3, and injuring her nine-year-old sister. Photo: Cherry Franklin for DRC -

Working alone, without a salary or support, from his home in Khoka, Mohammad has been arranging transport and medical support to people injured by landmines and other explosive ordnance. Photo: Cherry Franklin for DRC -

After enduring conflict and displacement, two years ago Eman and her family returned to their home, a tiny stone hut in the middle of the desert. But even though the fighting has moved on, the danger remains. Eman’s house is in the middle of a vast minefield. Photo: Cherry Franklin for DRC -

Abdullah, 35, pours water for his goats into empty storage containers for bullets and soldier’s helmets, the remnants of Yemen’s ongoing seven-year conflict. He gestures to an anti-tank mine lying on the ground nearby: “There are mines everywhere here. Sometimes our sheep or camels set off the landmines and they explode, but you can see them everywhere on the ground.” Photo: Cherry Franklin for DRC -

In Mowza, western Yemen, a tiny school sits on top of a hillside. There’s no road to the school, just a narrow dusty track that winds its way through open fields. The building was occupied by Houthi troops in 2018. The walls are riddled with bullet holes and the three small classrooms are in a bad state of repair – but it’s the land outside the school that poses the most threat to the young pupils. The school sits in fields littered with landmines and other unexploded ordnance. Photo: Cherry Franklin for DRC
Despite progress over the past four months, there has still been sporadic fighting. On Saturday, the Houthis reportedly shelled a residential area in the city of Taez. One child was reported killed and ten others injured. But the situation is still a great deal better than it otherwise would have been. In the first two months of 2022, before the ceasefire came into effect, more than 10,000 young people were killed or injured according to Unicef. That trend would probably have continued throughout the rest of the year were it not for the steep drop off in hostilities since April.
The positive momentum is being noticed by the international community and held up as a rare diplomatic success in an increasingly tense world. Yemen was part of the discussions on US President Joe Biden's recent trip to Saudi Arabia and his meetings with regional leaders. On Monday, the US special envoy for Yemen, Tim Lenderking, began a visit to Saudi Arabia and Jordan to bolster efforts to extend the truce beyond its upcoming deadline.
Yemen does not have time to waste. It might be a talking point at the highest levels of global diplomacy for now, but that might not be the case for long. There is a risk that humanitarian attention will shift to newer crises, notably the war in Ukraine. As Europe goes through its first interstate conflict since the Second World War, countries that have been mired in violence for years could lose out.
That is why this week is critical. International engagement must remain. Most of all, Yemeni leaders must remember the horrors of the past eight years and work towards sustainable peace, and a continued suppression of violence in the meantime. If all sides can maintain the relative calm of the past few months, peace, unthinkable for so many years, might become reality.
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Explained
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Kareem Shaheen on Canada
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
|
Age |
$250 a month |
$500 a month |
$1,000 a month |
|---|---|---|---|
|
25 |
$640,829 |
$1,281,657 |
$2,563,315 |
|
35 |
$303,219 |
$606,439 |
$1,212,877 |
|
45 |
$131,596 |
$263,191 |
$526,382 |
|
55 |
$44,351 |
$88,702 |
$177,403 |
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Date started: March 2020
Co-founder/CEO: Ahmed Eissa
Based: UAE, Abu Dhabi
Sector: Insurance Sector
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Investors: Safe City Group
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
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Fuel consumption: 10.6L/100km
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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.”
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Barings Bank
Barings, one of Britain’s oldest investment banks, was
founded in 1762 and operated for 233 years before it went bust after a trading
scandal.
Barings Bank collapsed in February 1995 following colossal
losses caused by rogue trader Nick Lesson.
Leeson gambled more than $1 billion in speculative trades,
wiping out the venerable merchant bank’s cash reserves.
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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Three-day coronation
Royal purification
The entire coronation ceremony extends over three days from May 4-6, but Saturday is the one to watch. At the time of 10:09am the royal purification ceremony begins. Wearing a white robe, the king will enter a pavilion at the Grand Palace, where he will be doused in sacred water from five rivers and four ponds in Thailand. In the distant past water was collected from specific rivers in India, reflecting the influential blend of Hindu and Buddhist cosmology on the coronation. Hindu Brahmins and the country's most senior Buddhist monks will be present. Coronation practices can be traced back thousands of years to ancient India.
The crown
Not long after royal purification rites, the king proceeds to the Baisal Daksin Throne Hall where he receives sacred water from eight directions. Symbolically that means he has received legitimacy from all directions of the kingdom. He ascends the Bhadrapitha Throne, where in regal robes he sits under a Nine-Tiered Umbrella of State. Brahmins will hand the monarch the royal regalia, including a wooden sceptre inlaid with gold, a precious stone-encrusted sword believed to have been found in a lake in northern Cambodia, slippers, and a whisk made from yak's hair.
The Great Crown of Victory is the centrepiece. Tiered, gold and weighing 7.3 kilograms, it has a diamond from India at the top. Vajiralongkorn will personally place the crown on his own head and then issues his first royal command.
The audience
On Saturday afternoon, the newly-crowned king is set to grant a "grand audience" to members of the royal family, the privy council, the cabinet and senior officials. Two hours later the king will visit the Temple of the Emerald Buddha, the most sacred space in Thailand, which on normal days is thronged with tourists. He then symbolically moves into the Royal Residence.
The procession
The main element of Sunday's ceremonies, streets across Bangkok's historic heart have been blocked off in preparation for this moment. The king will sit on a royal palanquin carried by soldiers dressed in colourful traditional garb. A 21-gun salute will start the procession. Some 200,000 people are expected to line the seven-kilometre route around the city.
Meet the people
On the last day of the ceremony Rama X will appear on the balcony of Suddhaisavarya Prasad Hall in the Grand Palace at 4:30pm "to receive the good wishes of the people". An hour later, diplomats will be given an audience at the Grand Palace. This is the only time during the ceremony that representatives of foreign governments will greet the king.
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Engine: 2-litre turbocharged
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
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Match statistics
Abu Dhabi Harlequins 36 Bahrain 32
Harlequins
Tries: Penalty 2, Stevenson, Teasdale, Semple
Cons: Stevenson 2
Pens: Stevenson
Bahrain
Tries: Wallace 2, Heath, Evans, Behan
Cons: Radley 2
Pen: Radley
Man of the match: Craig Nutt (Harlequins)
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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The biog
Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
Favourite book: That Is How They Defeat Despair by Salwa Aladian
Favourite Motto: Their happiness is your happiness
Goal: For Nefsy to become his legacy long after he is gon
Fixtures
Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am
Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am
Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am
Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight


