• Girls wait to get school bags provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
    Girls wait to get school bags provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
  • A girl reacts as she waits to get a school bag provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
    A girl reacts as she waits to get a school bag provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
  • Girls get school bags provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
    Girls get school bags provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
  • Girls line up to get school bags provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
    Girls line up to get school bags provided by a local aid group, Mona Relief Yemen, at a public school in Sana'a, Yemen. Mona Relief Yemen has distributed school bags to encourage girls to keep attending classes as the number of out-of-school children is estimated more than two million, compared to 1.6 million before the ongoing war escalated in Yemen in 2015. EPA
  • Children sit on the ground by a cave where a Yemeni family has sought refuge due to poverty and lack of housing, west of the suburbs of Yemen's third-city of Taez. AFP
    Children sit on the ground by a cave where a Yemeni family has sought refuge due to poverty and lack of housing, west of the suburbs of Yemen's third-city of Taez. AFP
  • Medical staff measure the height of the malnourished boy Hassan Merzam Muhammad, at a medical center in Abs district of Hajjah province, Yemen. REUTERS
    Medical staff measure the height of the malnourished boy Hassan Merzam Muhammad, at a medical center in Abs district of Hajjah province, Yemen. REUTERS
  • A woman carries a young infant suffering from severe malnutrition since birth in Yemen's northern Hajjah province. AFP
    A woman carries a young infant suffering from severe malnutrition since birth in Yemen's northern Hajjah province. AFP
  • Malnourished boy Hassan Merzam Muhammad sits with his mother and brothers and sisters inside their hut in Abs district of Hajjah province, Yemen. REUTERS
    Malnourished boy Hassan Merzam Muhammad sits with his mother and brothers and sisters inside their hut in Abs district of Hajjah province, Yemen. REUTERS
  • Malnourished boy Hassan Merzam Muhammad lies on a bed at his family's hut in Abs district of Hajjah province, Yemen. REUTERS
    Malnourished boy Hassan Merzam Muhammad lies on a bed at his family's hut in Abs district of Hajjah province, Yemen. REUTERS
  • Malnourished boy Hassan Merzam Muhammad rides on the back of a donkey outside his family's hut in Abs district of Hajjah province, Yemen. REUTERS
    Malnourished boy Hassan Merzam Muhammad rides on the back of a donkey outside his family's hut in Abs district of Hajjah province, Yemen. REUTERS
  • Malnourished boy Hassan Merzam Muhammad, lies on a bed at his house in Abs district of Hajjah province, Yemen. REUTERS
    Malnourished boy Hassan Merzam Muhammad, lies on a bed at his house in Abs district of Hajjah province, Yemen. REUTERS
  • A newborn baby lies under observation in an incubator in a ward for malnutritioned newborns at a treatment center Yemen's third largest city of Taez. AFP
    A newborn baby lies under observation in an incubator in a ward for malnutritioned newborns at a treatment center Yemen's third largest city of Taez. AFP

Aid groups call on Biden administration to reverse Houthi terror designation


Nada AlTaher
  • English
  • Arabic

Aid groups operating in Yemen called on incoming US president Joe Biden to reverse a Houthi terror designation which comes into effect on Tuesday.

The Norwegian Refugee Council said the designation would impact the way humanitarian agencies source their aid, pay salaries to their workers and transfer money.

“The NRC is not a political actor. However, the situation in Yemen compels us to speak out on behalf of the civilians,” said the group's Advocacy Manager for Yemen, Sultana Begum.

“It is virtually impossible for us to carry out our work without engaging with the de facto authorities in northern Yemen, which rule over 70 per cent of the population and most of the banks’ headquarters, without being criminalised under the newly imposed sanctions.”

US Secretary of State Mike Pompeo said the US Treasury Department would provide “licenses” to allow activities conducted by NGOs to continue.

But the NRC and UNB say aid groups have not been informed about the licensing process or been given prior sight of the legislation enacting the designation.

“Exemptions cannot come fast or be broad enough to save the country from humanitarian impact. We might have to slow down, pause and even possibly cut our assistance for fear of criminal prosecution,” Ms Begum said.

Almost all Yemenis depend on food imports, most of which come through one of the country’s main seaports in Hodeidah, which is under Houthi control.

Still, even when the text of the designation is released on Tuesday, it would be a “minefield of legal complexities”, says Ms Begum, which would take some time to understand and accordingly plan.

“Aid agencies have no confirmed details on how they will work or what activities will be eligible. The details apparently won’t be ready until the day that the designation takes force,” UN Under Secretary-General for Humanitarian Affairs and Emergency Relief Co-ordinator, Mark Lowcock said in a Thursday address to the UN Security Council.

The World Food Programme’s head David Beasley called the designation a “death sentence to hundreds of thousands, if not millions of innocent people in Yemen.”

Mr Lowcock said importers are using words like “disaster” and “havoc” when describing the situation after the designation takes place.

“For years, these companies have been moving mountains to sustain their very risk-averse global supply chains – including the suppliers, banks, insurers and shipping lanes”, he said in his UNSC address.

Ms Begum said all of this will push up costs by at least 400 per cent, which is too expensive for importers.

“Even if we get food and essentials, with price increases, the Yemenis won’t be able to afford these items, which are already too expensive,” she said.

In response to these rallying cries, US Deputy Permanent Representative to the UN Ambassador Richard Mills said the US has a “very important interest” to “ensure the official activities of other international organisations, such as the UN, continue.”

Yemen’s internationally recognised government and its allies welcomed the designation, whose proponents believe might bring the Houthis to the negotiating table after years of a stalemate in political talks and a military conflict which brought further devastation to the country and its people.

In December, a missile attack on Aden’s airport as the country’s new government was landing, killed at least 26 people. The Yemeni government blamed the Houthis for the attack although a group has yet to claim responsibility for it.

This event “constituted a milestone in strengthening the US direction,” reads an Emirates Policy Centre analysis on the Houthi FTO designation.

Punishing the Houthis for civilian killings, terror activities, recruitment of child soldiers and other devastating violations through the designation, and acknowledging the difficulties of reaching a peace agreement, shows that Washington and its allies desire ”to move stagnant waters,” the EPC analysis suggests.

“Our key call is to President Biden and the new administration to revoke this designation and do what’s really needed for Yemen and for supporting the peace process,” Ms Begum said.

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
UAE FIXTURES

October 18 – 7.30pm, UAE v Oman, Zayed Cricket Stadium, Abu Dhabi
October 19 – 7.30pm, UAE v Ireland, Zayed Cricket Stadium, Abu Dhabi
October 21 – 2.10pm, UAE v Hong Kong, Zayed Cricket Stadium, Abu Dhabi
October 22 – 2.10pm, UAE v Jersey, Zayed Cricket Stadium, Abu Dhabi
October 24 – 10am, UAE v Nigeria, Abu Dhabi Cricket Oval 1
October 27 – 7.30pm, UAE v Canada, Zayed Cricket Stadium, Abu Dhabi

October 29 – 2.10pm, Playoff 1 – A2 v B3; 7.30pm, Playoff 2 – A3 v B2, at Dubai International Stadium.
October 30 – 2.10pm, Playoff 3 – A4 v Loser of Play-off 1; 7.30pm, Playoff 4 – B4 v Loser of Play-off 2 at Dubai International Stadium

November 1 – 2.10pm, Semifinal 1 – B1 v Winner of Play-off 1; 7.30pm, Semifinal 2 – A1 v Winner of Play-off 2 at Dubai International Stadium
November 2 – 2.10pm, Third place Playoff – B1 v Winner of Play-off 1; 7.30pm, Final, at Dubai International Stadium

Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.4-litre%20twin-turbo%20V8%20with%2048V%20mild%20hybrid%20system%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E544hp%20at%205%2C500rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%20at%201%2C800-5%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh700%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Elate%20November%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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 
The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

Getting%20there%20and%20where%20to%20stay
%3Cp%3EEtihad%20Airways%20operates%20seasonal%20flights%20from%20Abu%20Dhabi%20to%20Nice%20C%C3%B4te%20d'Azur%20Airport.%20Services%20depart%20the%20UAE%20on%20Wednesdays%20and%20Sundays%20with%20outbound%20flights%20stopping%20briefly%20in%20Rome%2C%20return%20flights%20are%20non-stop.%20Fares%20start%20from%20Dh3%2C315%2C%20flights%20operate%20until%20September%2018%2C%202022.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20Radisson%20Blu%20Hotel%20Nice%20offers%20a%20western%20location%20right%20on%20Promenade%20des%20Anglais%20with%20rooms%20overlooking%20the%20Bay%20of%20Angels.%20Stays%20are%20priced%20from%20%E2%82%AC101%20(%24114)%2C%20including%20taxes.%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

MATCH INFO

Uefa Champions League last 16, first leg

Liverpool v Bayern Munich, midnight, Wednesday, BeIN Sports

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
HOW TO WATCH

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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.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EEducatly%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohmmed%20El%20Sonbaty%2C%20Joan%20Manuel%20and%20Abdelrahman%20Ayman%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EEducation%20technology%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3E%242%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EEnterprise%20Ireland%2C%20Egypt%20venture%2C%20Plus%20VC%2C%20HBAN%2C%20Falak%20Startups%3C%2Fp%3E%0A
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

RESULT

Everton 2 Huddersfield Town 0
Everton: 
Sigurdsson (47'), Calvert-Lewin (73')

Man of the Match: Dominic Calvert-Lewin (Everton)