British foreign secretary Boris Johnson visited Oman on January 25, 2018 for talks with Sultan Qaboos before travelling to Saudi Arabia during a two-day visit to the Middle East. Toby Melville / Reuters
British foreign secretary Boris Johnson visited Oman on January 25, 2018 for talks with Sultan Qaboos before travelling to Saudi Arabia during a two-day visit to the Middle East. Toby Melville / ReuteShow more

Boris Johnson and Sultan Qaboos explore paths to peace in Yemen



British foreign secretary Boris Johnson discussed ways end Yemen's war and to save the Iran nuclear deal during talks with Oman's ruler on Thursday.

Mr Johnson's visit to Muscat was his second since December and his first stop on a two-day visit to the region hat also takes him to Saudi Arabia.

Omani state media said only that Mr Johnson's discussions with Sultan Qaboos focused on “stability in the region” but officials close to the talks said both leaders agreed on the need to end the Yemeni conflict as soon as possible.

"The main focus of Mr Johnson's Gulf visit is to give peace a genuine chance through negotiations on the Yemeni conflict. The Sultan of Oman has agreed with that concept and promised he would do all he could to support discussions that would end aggressions in Yemen," an Omani official told The National.

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British diplomats in Muscat said Mr Johnson would convey the results of his talks with Sultan Qaboos to Saudi crown prince Mohammed bin Salman in Riyadh, where he was scheduled to arrive later on Thursday.

“Johnson said he would carry the essence of the discussions he had with the Sultan to Prince Mohammed. It will form the basis of talks to try to put Saudi Arabia on the same wavelength to end military actions in Yemen," a diplomat said.

The British foreign secretary would spell out a series of steps towards peace "that would involve all feuding parties - the Houthis, the Iranians and the side loyal to the Yemeni president”.

Saudi Arabia leads a military coalition supporting Yemen's government against the Iran-backed rebels who seized the capital in 2014.

The diplomat said Mr Johnson also raised with Sultan Qaboos tougher new penalties for Iranian violations of the nuclear deal, which have been proposed by Europe to dissuade the US from abandoning the 2015 accord.

"Johnson sees Oman as crucial to broker a deal with the Iranians to fix flaws in the nuclear deal regarding Iran's current ballistic missile programme," the diplomat said, adding that Oman would be expected to get Iran to agree to "control the Houthis in Yemen".

The Yemeni rebels fired missiles at the Saudi capital late last year that were found by US and UN investigators to have originated in Iran.

Last week in Paris, US secretary of state Rex Tillerson highlighted concerns about Iran’s ballistic missile programme, which is not covered by the nuclear deal, and provisions in the agreement that allow Iran to gradually resume advanced atomic work.

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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.

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The biog

Hobbies: Salsa dancing “It's in my blood” and listening to music in different languages

Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”  

Favourite food: “I'm a vegetarian, so I can't get enough of salad.”

Favourite film:  “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”

Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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Rating: 2/5

COMPANY PROFILE
Name: Kumulus Water
 
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Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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La Mer lowdown

La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
 

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How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

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2252 - Dh50

6025 - Dh20

6027 - Dh100

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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. 

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Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)

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The Word for Woman is Wilderness
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