Protesters shout anti-government slogans while holding up flags of former South Yemen and posters of its former president Ali Salem al-Beidh during a rally in the southern town of al-Habileen February 27, 2010. Yemeni authorities declared a state of emergency in a southern provincial capital on Saturday, citing the possibility of separatist attacks two days after a policeman was shot dead in an ambush in a nearby province. REUTERS/Stringer (YEMEN - Tags: POLITICS CIVIL UNREST) *** Local Caption ***  SAN03_YEMEN-SEPARAT_0227_11.JPG
Protesters shout while holding up flags of the former South Yemen and posters of its former president Ali Salem al Baid.

Leaders meet to plan Yemen aid allocation



RIYADH // Amid deepening concerns that Yemen's atrophying economy is leading to internal collapse, an array of international donors gathered in the Saudi capital yesterday to discuss speeding up millions of dollars in development aid to the Gulf region's poorest state. Underscoring the precarious situation inside Yemen, the two-day conference, held under the auspices of the Gulf Co-operation Council, opened against a backdrop of street protests in the southern part of the country.

Much of the discussion will focus on how to create the technical expertise and management that Yemen needs to efficiently absorb millions of dollars in aid pledged for its development years ago. Donor nations also want to discuss ways to avoid aid dollars being lost to corruption. In 2006, the international community promised US$5.5 billion (Dh20.2bn) in aid to Yemen for the years 2007-2010, with $3.7bn of that coming from wealthy Gulf states.

To date, however, less than 20 per cent of that development aid has been put to work on specific projects in impoverished Yemen, according to a GCC official. In December, the United Arab Emirates signed an agreement with Yemen under which it will spend Dh2.39bn to finance development projects covering infrastructure, energy, water, transport and education. In addition to development aid, Yemen will receive increased military assistance this year from the United States.

The US defence department recently announced that it has authorised $150 million in military aid for Yemen, more than double its 2009 assistance. The assistant administrator of the US Agency for International Development (USAid), Alonzo Fulgham, is representing Washington at the Riyadh conference. Officials from the United Nations, World Bank, International Monetary Fund, European Union, Japan and Britain are also attending.

The two-day meeting is a follow-up to last month's London gathering of Western and Arab states that was a reaction to the growing militancy of a Yemen-based al Qa'eda franchise, known as al Qa'eda in the Arabian Peninsula (AQAP). Fearing that the terrorist network would find a safe haven amid Yemen's internal disarray, the London conference pledged to assist Yemen with its multiple internal problems. Those include diminishing oil and water reserves, high unemployment and spreading corruption.

Yemen's president Ali Abdullah Saleh is also coping with a separatist movement in the south and a rebellion in the north that only recently subsided into a fragile truce, and that has left hundreds of thousands of people displaced from their homes. Although about a third of Yemen's 23 million people live in poverty, the country has been flooded with Somalis seeking refuge from their own brutal civil war. And Yemen's navy and fishing industry are being affected by rampant piracy in nearby international waters.

But it took terrorist attacks by AQAP to focus the international community's attention on Yemen. Last August, a member of AQAP nearly killed Saudi Arabia's deputy interior minister when he blew himself up while seated next to the minister at his home. In November, AQAP members openly praised as a "hero" the US Army psychiatrist who shot dead 13 at Fort Hood in Texas. And a Nigerian trained by AQAP is accused of trying to blow up a Detroit-bound airliner with nearly 300 people on board on Christmas Day.

Many outside experts on the Gulf say that getting the regional states to focus on shepherding Yemen through its current crisis is vital for a successful outcome. "Yemen has a whole host of problems, and while none of them are insoluble, virtually all of them are insoluble in the short term," Jon Alterman, the director of the Middle East programme at the Washington-based Center for Strategic and International Studies, wrote in a recent issue of Al Majalla.

"US allies, and especially Arab allies from the Gulf Cooperation Council, will have to do much of the lifting here," he added, "because the US instinct in this and other conflicts is to make a difference quickly and move on." It is in the Gulf states' own interest to do so, argued Mr Alterman, a former US diplomat who served in the Middle East, because "should Yemen implode, the GCC states will bear the brunt of the impact".

Up to now, the prevailing attitude among GCC states has been to avoid the hard task of coming up with an overall strategy to deal with Yemen, said Kristian Ulrichsen, a Kuwait research fellow at the London School of Economics. "I got the impression that it was so overwhelming an issue and so complex, that they were just hoping it would go away," Mr Ulrichsen said in a recent interview. Meanwhile, news agencies reported yesterday that secessionist leaders rallied thousands of followers across South Yemen to send international donors a message that they want their independent state back.

Ali Salem al Baid, who led the southern state into a unity pact with the north in 1990, called for "two days of southern anger" to coincide with the Riyadh donors' meeting. Crowds brandishing flags of the former southern state, and of Saudi Arabia, took to the streets of major towns in the provinces of Dhaleh, Lahij, Abyan and Hadramawt where businesses remained closed for fear of clashes with security forces, witnesses and local officials said.

Meanwhile in the mountainous north, Agence France-Presse reported that Shiite rebels said they handed over the remains of three Saudi soldiers yesterday to the committee overseeing the two-week-old truce in the area. "The remains of the three soldiers were handed over this afternoon in the Shada border district," rebel spokesman Mohammed Abdel Salam told AFP by telephone. He added that the "Saudi issue is now closed" and that there were no more Saudi prisoners or remains in rebel hands from three months of clashes on the border.

Saudi forces intervened in the six-year-old uprising in northern Yemen last November, accusing the rebels of killing a border guard and occupying two villages on its territory. foreign.desk@thenational.ae

ASIAN RUGBY CHAMPIONSHIP 2024

Results
Hong Kong 52-5 UAE
South Korea 55-5 Malaysia
Malaysia 6-70 Hong Kong
UAE 36-32 South Korea

Fixtures
Friday, June 21, 7.30pm kick-off: UAE v Malaysia
At The Sevens, Dubai (admission is free).
Saturday: Hong Kong v South Korea

Sly Cooper and the Thievius Raccoonus

Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

The Written World: How Literature Shaped History
Martin Puchner
Granta

Civil War

Director: Alex Garland 

Starring: Kirsten Dunst, Cailee Spaeny, Wagner Moura, Nick Offerman

Rating: 4/5

'Brazen'

Director:+Monika Mitchell

Starring:+Alyssa Milano, Sam Page, Colleen Wheeler

Rating: 3/5

'O'

Author: Zeina Hashem Beck
Pages: 112
Publisher: Penguin Books
Available: Now

Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

Rebel Moon - Part One: A Child of Fire

Director: Zack Snyder
Stars: Sofia Boutella, Djimon Hounsou, Ed Skrein, Michiel Huisman, Charlie Hunnam
Rating: 2/5

Tomb Raider I–III Remastered

Developer: Aspyr
Publisher: Aspyr
Console: Nintendo Switch, PlayStation 4&5, PC and Xbox series X/S
Rating: 3/5

The specs: 2019 BMW i8 Roadster

Price, base: Dh708,750

Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery

Transmission: Six-speed automatic

Power: 374hp (total)

Torque: 570Nm (total)

Fuel economy, combined: 2.0L / 100km

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

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.

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. 

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5