Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, left, with Indian prime minister Narendra Modi at the signing of several deals in New Delhi. Philip Cheung / Crown Prince Court - Abu Dhabi
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, left, with Indian prime minister Narendra Modi at the signing of several deals in New Delhi. Philip Cheung / Crown Prince Court - Abu Dhabi
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, left, with Indian prime minister Narendra Modi at the signing of several deals in New Delhi. Philip Cheung / Crown Prince Court - Abu Dhabi
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, left, with Indian prime minister Narendra Modi at the signing of several deals in New Delhi. Phil

UAE-India joint statement as Sheikh Mohammed bin Zayed wraps up successful visit


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NEW DELHI // The UAE and India have issued a joint statement to end the three-day state visit of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, during which he held talks with India’s president, vice president, and prime minister and other senior officials.

Below is the full text of the joint statement.

At the invitation of Narendra Modi, prime minister of India, Sheikh Mohammed bin Zayed paid his first state visit to India from 10th to 12th February, 2016. The visit follows Mr Modi’s official visit to the UAE in August 2015, during which the UAE and India agreed to elevate their friendly relationship to a comprehensive strategic partnership.

India and the UAE enjoy strong bonds of friendship based on civilisational links, age-old maritime trade and vibrant people-to-people contacts.

In modern times, the dynamism of the two countries has translated into a rapidly expanding and mutually beneficial partnership, with the two nations now enjoying an extensive framework of agreements and partnerships.

Close geographical proximity, historical links, cultural affinity, natural synergies, shared aspirations and common challenges provide further impetus to this robust engagement.

During Mr Modi’s historic visit to UAE in August 2015, the UAE and India agreed to further strengthen their cooperation in several key areas, including trade and investment, security, counterterrorism, joint defence production, space cooperation, IT and electronics. During their meeting in New Delhi on February 11, the Crown Prince and Mr Modi expressed satisfaction at the progress made in advancing bilateral cooperation in these areas since last August, and underscored the two countries’ collective ambition to continue to develop the vast potential of the UAE-India relationship.

Mr Modi and Sheikh Mohammed held wide-ranging discussions in a sincere, cordial and friendly atmosphere. They exchanged views on bilateral, regional and multilateral issues of mutual interest and reached a broad consensus. The discussions enabled better appreciation of each other’s concerns and perspectives and helped forge closer understanding at the highest political level.

Assessing that their ties have never been stronger and expressing satisfaction at the direction of bilateral engagement, the two leaders announced their decision to enshrine the new strategic direction of the UAE-India relationship in a comprehensive strategic partnership agreement setting out the principles on which the UAE-India partnership is based, and outlining a road map for deepening cooperation.

Recognising the need to further develop and strengthen the historical links that bind the UAE and India, the two leaders agreed to build a partnership for the 21st century anchored in values of respect, mutual understanding, and dynamic cooperation. They looked forward to the early signing of the comprehensive strategic partnership agreement, and resolved to build on the momentum by pursuing the following areas of collaboration: trade, investment and economic development. The two leaders appreciated the strong synergies between the UAE and India, which have been shaped by centuries of successful cooperation and interconnectedness. For a long time, Mumbai has served as the UAE’s gateway to India, and as a springboard to a world of learning and opportunity. Today, the UAE is a dynamic hub for global business, and the access point to India and the world for many nations.

Emphasising the importance of expanding growth and trade opportunities to drive the strategic partnership forward, the two leaders noted the constructive outcomes of the meeting of the UAE-India joint commission held in September 2015, and the meetings of the UAE-India high level task force on investment held in October 2015 and February 2016. They welcomed the launch of the UAE-India Business Council in September 2015 and agreed to build the council into a solid and useful platform for cooperation.

The two sides expressed satisfaction at the level of bilateral trade, which amounted to US$59 billion in 2014-15. Taking note of their excellent economic engagement, with the two countries being among the top trading partners for each other, the two leaders agreed upon the need to further strengthen these ties, particularly through diversifying non-oil trade. They also expressed satisfaction at the growing presence of Indian and UAE companies in each other’s market and agreed to further encourage trade promotion measures and participation in fairs and exhibitions.

Reaffirming their resolve to work together to substantially increase trade by 60 per cent over the next five years as agreed during Mr Modi’s visit to the UAE in August 2015, the two sides examined various tariff and non-tariff barriers, and agreed to enhance the trade of priority commodities and expand the access of goods and services in both markets. They expressed satisfaction in respect to trade promotion measures adopted under their bilateral action plans.

Sheikh Mohammed expressed confidence in India’s dynamic economy and appreciation for Mr Modi’s impressive vision for the future of the country. He commended prime minister Modi’s dynamic initiatives “Start Up India”, “Make in India”, “Smart City”, and “Clean India”, noting their strong potential to provide India’s US$2 trillion economy a positive impetus for growth, and to accelerate progress in bilateral cooperation between the two countries.

The Indian side highlighted the major initiatives taken by the Indian government to improve the ease of doing business in the country. India’s key efforts to simplify and rationalise existing rules and relax foreign direct investment caps in key areas, including railways, defence, and insurance, were also noted. prime minister Modi invited the UAE to be a partner in India’s growth story, and to participate in projects creating mega-industrial manufacturing corridors, including the Delhi-Mumbai industrial corridor as well as the Digital India and Start up India programmes.

The two sides discussed their plans for infrastructure development. The Indian side highlighted the experience and expertise its companies had acquired in infrastructure development, including in power generation and transmission, civil construction, railways and metros, hospitals, airports, housing and roads. It conveyed the interest of Indian companies to be a partner in the infrastructure projects being undertaken by the UAE in preparation for the World Expo, which will be held in Dubai in 2020, as well as in the UAE’s development plans.

The UAE noted its interest in investing in infrastructure development in India, especially in priority areas such as railways, roads, ports, and shipping. The two leaders welcomed the opening of DP World’s new smart port Nhava Sheva in Mumbai on February 12 and the signing of a framework Memorandum of Understanding between the UAE and India which will serve to facilitate and expand the participation of Emirati investors in infrastructure projects in India. The two sides described these developments as important steps towards reaching the US$75 billion target for UAE investments in India’s infrastructure development plans.

The Indian side thanked the UAE side for its interest shown in the proposal for establishing a semiconductor fabrication facility in India. The two sides agreed to further business-to-business cooperation in IT, information technology enabled services, and electronics system design and manufacturing. The UAE side also expressed its willingness to assist in India’s goal of attracting capital and investment by pursuing opportunities in the health care industry, including in pharmaceuticals and biotechnology sectors and resolved to urge its private sector to explore early participation in these sectors.

The two sides agreed to enhance cooperation in space science and space technology and to explore a long-term plan to identify cooperation projects in areas of mutual interest. They expressed satisfaction at the active engagement between the UAE Space Agency and the Indian Space Research Organisation (ISRO), which has led to the signing of a Memorandum of Understanding and the establishment of a joint working group for space cooperation.

The two sides further agreed to exchange information on various investment opportunities and related incentives and to exchange information on financial, legal, and administrative incentives along with required procedures to cooperate in establishing joint investment projects in the UAE and India, as well as joint investment projects in third countries. They also agreed to pool resources and expertise in the development of infrastructure in third countries.

In the area of civil aviation, the leaders recognised that the further expansion and development of air routes between the UAE and India is essential for the continued growth of broader economic relations. They also agreed to convene consultations between their respective civil aviation authorities in the first quarter of 2016, to discuss key areas of mutual interest.

Energy and Climate Change

Recognising that energy is a central pillar of the economic relationship, the two leaders expressed satisfaction at their growing bilateral trade in the energy sector, noting that the UAE is one of the largest suppliers of crude oil to India. They welcomed the intention of the Abu Dhabi National Oil Company (Adnoc) and the Indian Strategic Petroleum Reserves Ltd. (ISPRL) to sign a Memorandum of Understanding on the establishment of a strategic petroleum reserve in India, and agreed to conclude negotiations in the near future.

The two sides looked forward to increased cooperation in the crude oil sector, including through training and human resources development. The Indian side conveyed the keen interest of Indian oil companies in forming joint ventures with and offering equity participation to UAE companies, as well as in seeking participation in prospective exploration rounds in the UAE and in opportunities for joint exploration in third countries.

The two leaders acknowledged the need to cooperate on climate change in line with the Paris Agreement, and noted that the development of sustainable sources of energy is a shared strategic priority. They agreed to expand their collaboration in renewable energy and in international negotiations on climate change, under the United Nations Framework Convention on Climate Change, and agreed to continue to extend strong support to the International Renewable Energy Agency (Irena).

The two leaders also agreed to explore opportunities to foster partnerships between the government, the private sector, civil society and academia in the field of climate change. They welcomed the signing of a general framework arrangement for cooperation in renewable energy, which will lead to deeper exchanges in these areas.

Sheikh Mohammed commended Mr Modi on the launch of the new International Solar Alliance initiative in Paris on 30th November, 2015, and affirmed support for the initiative, in which the UAE is a founding member. The two leaders agreed to build on the outcomes of the second steering committee meeting of ISA, which was held in Abu Dhabi in January 2016, to advance new solar technologies worldwide. They acknowledged the importance of ensuring synergies between the ISA and Irena.

People and Culture

The UAE and India are pluralistic societies which value diversity and strive to show respect for all faiths and religions. The two leaders recognised the close links between the people of both countries, including the valuable role of the Indian community in the UAE, and its contribution to the prosperity and development of both India and the UAE.

Reflecting on the important legacy of Mahatma Gandhi both at home and internationally, the Crown Prince expressed admiration for the values of tolerance and non-violence espoused by the late leader, noting that these values strongly resonate with the people of the UAE.

Sheikh Mohammed expressed appreciation for the role and contribution that the Indian community in the UAE has made to the UAE’s development, noting that Indian citizens in the UAE were highly respected for their peaceful and hard-working ethics. The Indian side thanked the UAE for ensuring the continued welfare of the Indian community in the UAE and for the process of labour reforms initiated by the UAE Ministry of Labour. The two sides agreed to hold the next India-UAE joint labour committee meeting in the first quarter of 2016 and to work towards the early conclusion of a bilateral Memorandum of Understanding on labour issues.

The two sides welcomed the signing of a cultural exchange programme between India and UAE for 2016-2018, which aims to enhance cultural cooperation between the two countries. They agreed to promote cooperation in the media, radio, film, and television. The leaders also directed that a cultural project, bringing art to infrastructure, be initiated in 2016 to showcase the vitality and diversity of UAE culture in India.

Security and Defence

The two leaders expressed satisfaction at the current levels of bilateral security cooperation between the UAE and India, and acknowledged the progress achieved through regular security dialogue between their national security councils. They agreed to strengthen their strategic partnership by continuing to work closely together on a range of security issues, particularly on counter-terrorism, maritime security, and cybersecurity, while reaffirming their respect for the bedrock principles of national sovereignty and non-interference.

With a view to ensuring that cyberspace remains a safe and secure space which would not be used as a medium to promote subversive and extremist ideologies, the two sides agreed to cooperate on sharing technical best practices in the field of information and communications technologies.

In the area of defence cooperation, the two sides renewed their commitment to strengthening the existing cooperation in training, joint exercises, and participation in defence exhibitions, as well as in identifying opportunities to cooperate on the production of defence equipment in India.

The two leaders agreed to enhance cooperation to strengthen maritime security in the Gulf and the Indian Ocean region, which is vital for the security and prosperity of both countries.

Expressing satisfaction at the progress achieved in the fifth round of navy-to-navy staff talks held in Abu Dhabi in September 2015, the two sides agreed to hold the next meeting of the joint defence cooperation committee in the near future and to expedite the conclusion of the MOU on the mutual protection of classified Information.

International and Regional Cooperation

The two leaders strongly condemned extremism and terrorism in all of their forms and manifestations, irrespective of who the perpetrators are and of their motivations.

They reiterated that any justification for terrorism and any link between extremism or terrorism and religion should be strongly rejected by the international community.

They reiterated their condemnation for efforts, including by states, to use religion to justify, support and sponsor terrorism against other countries, or to use terrorism as instrument of state policy.

They further deplored efforts by countries to give religious and sectarian colour to political issues and pointed out the responsibility of all states to control the activities of the so-called ‘non-state actors’, and to cut all support to terrorists operating and perpetrating terrorism from their territories against other states.

The two sides deplored the use of double standards in addressing the menace of international terrorism and agreed to strengthen cooperation in combating terrorism both at the bilateral level and within the multilateral system.

Praising their growing bilateral cooperation to combat international terrorism, the two leaders expressed confidence that these efforts would contribute to global peace and security. The two leaders further called upon the international community to strengthen international and multilateral regimes to effectively address the challenges posed by terrorism, and to not allow political considerations stand in the way of their implementation. The two sides agreed to work together towards the adoption of India’s proposed Comprehensive Convention on International Terrorism in the United Nations.

The Indian side expressed deep appreciation for the solidarity expressed by the UAE on the terrorist attack on the Indian air force base in Pathankot in early January.

In the context of religious intolerance and radicalisation being witnessed worldwide, the two leaders commended each other on their efforts to build pluralistic societies based on universal values of humanity and peaceful coexistence among different faiths and communities. The two sides noted that the Indian and UAE models act as strong bulwarks against the forces of extremism and radicalism. They affirmed their abiding commitment to the ideals of promoting harmony between different cultures and faiths through interfaith dialogue.

The two leaders also agreed to establish an annual policy dialogue to discuss issues related to peace in security in their region, and to strengthen their dialogue on regional security issues of mutual interest.

They noted the signing in January of a MOU between the Emirates Policy Centre and the Indian Institute for Defence and Strategic Analyses. In order to further strengthen institutional cooperation and understanding between the two countries, the two sides pledged to deepen cooperation between India’s Ministry of External Affairs and the UAE Ministry of Foreign Affairs, including through policy planning dialogue, and coordination on the training of their diplomats through exchange programmes and collaboration between their respective diplomatic training institutes.

Acknowledging the importance of achieving sustainable solutions through international cooperation mechanisms, the two leaders noted with satisfaction that the UAE and India share many common positions on issues of importance in the multilateral context, and agreed to fortify their efforts in international forums in the future, including by strengthening their cooperation in the framework of the Indian Ocean Rim Association.

They also expressed interest in exploring opportunities for “South-South” cooperation in Sub-Saharan Africa, particularly through trade and investment, grants and loans, collaboration in trade and technology, and joint projects aimed at supporting the implementation of sustainable development goals.

Mr Modi thanked Sheikh Mohammed for the UAE’s support for India’s candidature for permanent membership of a reformed UN Security Council.

Sheikh Mohammed thanked Mr Modi and the people of India for the warm welcome extended to him and his delegation. He extended invitations to the president and prime minister of India to visit the UAE at a mutually convenient time, which were gladly accepted.

The two leaders reaffirmed their commitment to building a comprehensive strategic partnership for the 21st century, noting that regular high-level exchanges play a key role in enhancing the partnership between India and the UAE.

* WAM

Wicked: For Good

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Rating: 4/5

While you're here
RESULTS

6.30pm: Emirates Holidays Maiden (TB) Dh 82,500 (Dirt) 1,900m
Winner: Lady Snazz, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Arabian Adventures Maiden (TB) Dh 82,500 (D) 1,200m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Emirates Skywards Handicap (TB) Dh 82,500 (D) 1,200m
Winner: Rich And Famous, Royston Ffrench, Salem bin Ghadayer.

8.15pm: Emirates Airline Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Rio Angie, Sam Hitchcock, Doug Watson.

8.50pm: Emirates Sky Cargo (TB) Dh 92,500 (D) 1,400m
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9.15pm: Emirates.com (TB) Dh 95,000 (D) 2,000m
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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

RESULT

Australia 3 (0) Honduras 1 (0)
Australia: Jedinak (53', 72' pen, 85' pen)
Honduras: Elis (90 4)

RACE CARD

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

10pm Handicap (TB) Dh102,500 (T) 1,400m

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
How much do leading UAE’s UK curriculum schools charge for Year 6?
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  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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Nick Coleman
Jonathan Cape

'Laal Kaptaan'

Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

MO
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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

THE%20SPECS
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UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

MATCH INFO

Everton 2 (Tosun 9', Doucoure 93')

Rotherham United 1 (Olosunde 56')

Man of the Match Olosunde  (Rotherham)

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5