Britain's Foreign Secretary Dominic Raab walks from the Foreign Office to 10 Downing Street in central London to attend the Government's daily COVID-19 briefing, on April 20, 2020. AFP
Britain's Foreign Secretary Dominic Raab walks from the Foreign Office to 10 Downing Street in central London to attend the Government's daily COVID-19 briefing, on April 20, 2020. AFP
Britain's Foreign Secretary Dominic Raab walks from the Foreign Office to 10 Downing Street in central London to attend the Government's daily COVID-19 briefing, on April 20, 2020. AFP
Britain's Foreign Secretary Dominic Raab walks from the Foreign Office to 10 Downing Street in central London to attend the Government's daily COVID-19 briefing, on April 20, 2020. AFP

British Foreign Secretary speaks with Sultan of Oman about Yemen war


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British Foreign Secretary Dominic Raab spoke with Omani Sultan Haitham on Tuesday about working with international partners to end Yemen’s five-year war.

The Arab Coalition, led by Saudi Arabia, and Yemen's internationally recognised government have been battling the Iran-backed Houthi rebels since 2015, after they took over the capital Sanaa.

Mr Raab also spoke with Sultan Haitham about the coronavirus pandemic.

“The UK and Oman are working with international partners to bring peace to Yemen," he said on Twitter.

"Also discussed co-operation on the economic impact of #coronavirus."

In March, Mr Raab visited Oman to strengthen trade between the two nations as part of his first trip to the Gulf.

Mr Raab held talks with Sultan Haitham and Yusuf bin Alawi, the Omani Foreign Minister.

The Prince of Wales and Prime Minister Boris Johnson travelled to the country to offer their condolences after Sultan Qaboos died of colon cancer in January.

In May 2019, London and Muscat signed the Oman-UK Comprehensive Agreement, which lays out a framework for co-operation.

Trade between the two nations has increased, last year soaring by 90 per cent to $3.7 billion (Dh13.59bn).

Britain accounts for about half of all foreign direct investment into Oman, making it the largest source.

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

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COMPANY%20PROFILE
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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

November 2025

180 Petrofac employees laid off in the UAE

MATCH INFO

Burnley 1 (Brady 89')

Manchester City 4 (Jesus 24', 50', Rodri 68', Mahrez 87')

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.