An alleged Saudi-led airstrike targeting a Houthi-held military position in Sanaa a day after Houthi rebels fired a ballistic missile at the Saudi capital Riyadh. EPA/YAHYA ARHAB
An alleged Saudi-led airstrike targeting a Houthi-held military position in Sanaa a day after Houthi rebels fired a ballistic missile at the Saudi capital Riyadh. EPA/YAHYA ARHAB
An alleged Saudi-led airstrike targeting a Houthi-held military position in Sanaa a day after Houthi rebels fired a ballistic missile at the Saudi capital Riyadh. EPA/YAHYA ARHAB
An alleged Saudi-led airstrike targeting a Houthi-held military position in Sanaa a day after Houthi rebels fired a ballistic missile at the Saudi capital Riyadh. EPA/YAHYA ARHAB

Houthi attack on Riyadh highlights Yemen missile threat


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Saudi Arabia retaliated with heavy air strikes on Sanaa, the rebel-held capital of Yemen, after intercepting a Houthi-launched missile north-east of Riyadh.

The rebels have fired dozens of missiles into Saudi territory since the conflict began, but the attack on Saturday evening demonstrates that much of the GCC, including the UAE, is within range of the Yemeni-built missile

The Iran-backed Houthis claimed the Burkan 2-H missile, which has a range between 800 and 2,000 kilometres, had struck its target in King Khaled International Airport, 20km north of Riyadh.

However, Colonel Turki Al Maliki, the spokesman for the Saudi-led coalition fighting against the Houthis, said the missile - which was fired from Yemeni territory at 8.07pm local time on Saturday - was intercepted by Saudi forces.

This is the first time a Houthi missile has come so close to a heavily populated area. It also appears to be the farthest that such a missile has ever reached inside Saudi Arabia. Riyadh is about 700km north of the border with Yemen.

The Houthis in recent months have boasted of a new escalation in the conflict, pledging to attack Saudi Arabia and threatening the UAE.

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In September, Saudi Arabia intercepted a Houthi-launched missile aimed at one of its largest military bases located in the city of Khamis Mushait, about 100km from the Yemeni border.

The Houthis have also fired missiles to within 70km of Mecca, once last month and another attempt in July.

However, the missile launched on Saturday proved to have the longest range yet, more than 200km than the one aimed at Mecca.

The attack was condemned by leaders both in the region and beyond.

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces said the UAE “strongly and resolutely stands with the brotherly Saudi kingdom while confronting all challenges that target its security and the region’s security and stability.”

The UAE Minister of State for Foreign Affairs, Dr Anwar Gargash, dismissed Houthi threats as "stupid".

US President Donald Trump, who is currently on a five-country tour of Asia, suggested that Iran was behind the firing of the missile.

"A shot was taken by Iran, in my opinion, at Saudi Arabia. And our system knocked it down," Mr Trump said, a reference to the Patriot missile batteries that Saudi Arabia purchased from the US.

The Yemeni missile, a Burkan 2-H, is "quite an impressive missile for its size," Ryan Barkenlau, founder of the geostrategic consultancy Strategic Sentinel, said. And though only a handful of the missiles exist, the attacks are likely to continue. "I do not see why they would halt their attacks barring some sort of diplomatic or military intervention on the part of the Saudi government or some other incentive. Even though this missile was shot down, I would still say it succeeded in bringing the situation close to the minds of Saudi citizens and the government with it, coming so close to the busy airport.”

Coalition spokesman Col Al Maliki said the “hostile act” by the Houthis was a result of “the continuous smuggling of arms and missiles” from other groups in the region.

“Their goal is to threaten the security of Saudi Arabia and to target civilians,” he said, noting that the firing of ballistic missiles towards populated cities and villages violates international law.

Sources in Yemen told The National that 17 bombs fell overnight on rebel-held Sanaa, apparently in retaliation for the missile launched at Riyadh. Photographs showed the destruction of Al Sabeen Square, where tens of thousands congregated to celebrate former president and Houthi-allied politician Ali Abdullah Saleh in August.

In Saudi Arabia, meanwhile, people posted photos and videos on social media showing the Houthi missile being intercepted by four US-built Patriots.

The Saudi-led coalition, which includes the UAE, has been fighting alongside the forces of the internationally-recognised government of President Abdrabu Mansur Hadi against the Houthis since March 2015. They have driven the Houthis from much of southern Yemen but the fighting has become bogged down in Taez province and along the Red Sea coast.

For decades, Riyadh backed former president Ali Abdullah Saleh, who ruled Yemen from its unification in 1990 until he resigned under pressure in 2012, ceding power to his vice president Mr Hadi.

But in 2014, Mr Saleh aligned himself with the Houthis, against whom he had fought six wars when he was president. The two now jointly control Yemen's northern highlands and the capital Sanaa.

Compounded by poverty, cholera and looming mass starvation, the war in Yemen has claimed more than 8,500 lives.

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

SECRET%20INVASION
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BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

FIGHT%20CARD
%3Cp%3EAnthony%20Joshua%20v%20Otto%20Wallin%2C%2012%20rounds%2C%20heavyweight%3C%2Fp%3E%0A%3Cp%3EDeontay%20Wilder%20v%20Joseph%20Parker%2C%2012%20rounds%2C%20heavyweight%3C%2Fp%3E%0A%3Cp%3EDmitry%20Bivol%20v%20Lyndon%20Arthur%2C%2012%20rounds%2C%20light%20heavyweight%3C%2Fp%3E%0A%3Cp%3EDaniel%20Dubois%20v%20Jarrell%20Miller%2C%2012%20rounds%2C%20heavyweight%3C%2Fp%3E%0A%3Cp%3EFilip%20Hrgovic%20v%20Mark%20de%20Mori%2C%2012%20rounds%2C%20heavyweight%C2%A0%3C%2Fp%3E%0A%3Cp%3EArslanbek%20Makhmudov%20v%20Agit%20Kabayel%2C%2012%20rounds%2C%20heavyweight%C2%A0%3C%2Fp%3E%0A%3Cp%3EFrank%20Sanchez%20v%20Junior%20Fa%2C%2012%20rounds%2C%20heavyweight%C2%A0%3C%2Fp%3E%0A%3Cp%3EJai%20Opetaia%20v%20Ellis%20Zorro%2C%2012%20rounds%2C%20cruiserweight%3C%2Fp%3E%0A
The burning issue

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. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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
Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

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.”

ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5