Vice president Gen Ali Mohsen Al Ahmar said that Houthis are better known for their political trickery then their military might and that the rebel group is looking to oust former president Ali Abdullah Saleh. Mohamed Al Sayaghi / Reuters
Vice president Gen Ali Mohsen Al Ahmar said that Houthis are better known for their political trickery then their military might and that the rebel group is looking to oust former president Ali Abdullah Saleh. Mohamed Al Sayaghi / Reuters
Vice president Gen Ali Mohsen Al Ahmar said that Houthis are better known for their political trickery then their military might and that the rebel group is looking to oust former president Ali Abdullah Saleh. Mohamed Al Sayaghi / Reuters
Vice president Gen Ali Mohsen Al Ahmar said that Houthis are better known for their political trickery then their military might and that the rebel group is looking to oust former president Ali Abdull

Houthi rebels may soon 'oust' Saleh, Yemen vice president says


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The vice president of Yemen said the Houthi rebels will try in the coming days to 'oust' former president Ali Abdullah Saleh, according to local reports.

President Abdrabu Mansur Hadi's second in command, Gen Ali Mohsen Al Ahmar, said that the Houthi rebels, with whom Mr Saleh entered an alliance to govern the capital, Sanaa, will look to edge him out after what seemed like a break down in relations earlier this month.

He spoke to local officials in the Marib governance in North Yemen, saying that it was "in the Houthis nature as told by their history" to back-stab those they are supposedly cooperating with, said the reports.

He added that the Houthi rebels would not have been able to rise through the ranks without violating certain agreements and eliminating those with whom they might have been cooperating.

“It’s not their military might or their tactics but their ability to take advantage of opportunities [that has allowed them to rise in the ranks],” said Gen Al Ahmar.

This news comes just days after Abdul Hakim Al Khaiwani, deputy interior minister of Houthi-governed Sanaa, called for the capital to be placed under a state of emergency.

The Houthi rebels governing Sanaa called for the precaution after their militias clashed with forces belonging to Mr Saleh. However, the former president maintains there are no divisions between his loyalists and the Houthi rebels.

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Read more:

Houthis call for state of emergency in Sanaa to 'face the enemy'

Yemen ex-president Saleh demands arrest of aide’s killers

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The Arab Spring protests in 2011 forced Mr Saleh to stand down, but he kept control of sections of the military. Since then, he has controlled Sanaa alongside the Houthis and fought against Yemeni government forces backed by the Saudi-led coalition supporting the internationally-recognised government of president Hadi.

Relations between Saleh loyalists and the rebels seemed to have broken down last month over statements that accused each other of conspiring with “the enemy” by settling on a peace deal.

Meanwhile, Mansour Ahmed Al Mansour, the spokesman for the Joint Incidents Assessment Team, said on Tuesday that the Saudi-led coalition has committed only three mistakes resulting in the loss of human lives since they intervened in the war in Yemen in 2015.

He denied reports by international organisations that there were a number of attacks on illegitimate targets.

The Saudi-led coalition, which includes the UAE, and Yemeni forces drove the Iran-backed rebels from much of southern Yemen, but the fighting became bogged down in Taez province and along the Red Sea coast.

The UN said that more than 8,400 people have been killed and more than three million have been displaced in Yemen's civil war, pushing the country to the brink of famine and sparking a widespread cholera epidemic

The World Health Organisation and Yemen's health ministry said the cholera outbreak in the country has infected 612,703 people and killed 2,048 since it began in April. Some districts are still reporting rises in new cases.

However, the overall spread of the epidemic has slowed in the past couple of months, with the daily number of new suspected cases cut to around 3,000 in recent days.

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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.”

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Managing the separation process

  • Choose your nursery carefully in the first place
  • Relax – and hopefully your child will follow suit
  • Inform the staff in advance of your child’s likes and dislikes.
  • If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
  • The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
  • Be patient. Your child might love it one day and hate it the next
  • Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.  
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Previous men's records
  • 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
  • 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
  • 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
  • 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
  • 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
  • 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
  • 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
  • 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
  • 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
  • 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin

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