The clang and thump of jackhammers and excavators fills the streets of Marib, an oil-rich Yemeni boomtown once accustomed to the sounds of conflict, now an oasis of stability in a country embroiled in a civil war.
Yemen is convulsed by the world's worst humanitarian crisis, with rampant disease, famine and a ruinous war pitting supporters of president Abdrabu Mansur Hadi against Iran-aligned Houthi rebels.
But the fall of Yemen has coincided with the rise of Marib, once seen as an Al Qaeda bastion, which has been spared much of the misery owing to its oil and gas reserves, proximity to Saudi Arabia and rare tribal cohesion that has helped repel Houthi incursions.
"We have managed to push the war far away from Marib," said provincial governor Sultan Al Arada. "Marib is untouchable."
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Read more:
Arab coalition launches offensive to drive out Al Qaeda in Yemen
Haley demands UN action over Iranian links to Yemen
Iran must pay for regional meddling, Saudi minister says
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The border city is now Yemen's most thriving industrial hub, thanks in part to an influx of hundreds of thousands of internally displaced people, among them entrepreneurs, doctors and Yemen's elite that is driving up investments and real estate prices.
Hundreds of new businesses have come up, ranging from eateries to water bottling plants.
Jobs in Marib offer salaries, a novelty to legions of employed youths in a country with chronic joblessness.
"The spectacular rise of Marib has come not despite the conflict, but because of it," Farea Al Muslimi, a Yemen expert at Chatham House think tank based in London.
"Marib has gained from the chaos surrounding it."
Its university is expanding and businessmen who once fled the war are slowly returning.
That includes Obaid Zubaiyen, head of a family-run trade and construction enterprise with interests across the Arabian Gulf, who fled Yemen in 2011 amid increasing turmoil.
"The family is back because Marib means opportunity," said Misbah Ohag, a group manager, showing a blueprint of a planned multimillion dollar project of villas, apartments and malls.
Governor Arada plans an international airport and aims to make Marib, home to temple ruins from the ancient Sabaean kingdom, a magnet for tourists.
But some scars of the war rumbling on outside Marib are still visible inside the province.
At a rehabilitation centre for child soldiers, drawings sketched by the youngsters are telling.
One showed a grenade, a tank, a helicopter gunship and crimson splashes of blood.
"They blew up my school," read the caption.
Houthi rebels have planted thousands of landmines around Marib and the mangled wreckage of cars litter its mountainous border.
"So many dead and limbless people," said Mohammed Abdo Al Qubati, head of Marib general hospital, home to Yemen's only functional prosthetic limbs centre in government territory.
"It's like we are waiting for the remaining people to die."
Marib, with an original population of about 350,000, is reeling under the weight of what officials say are 1.5 million displaced people from across Yemen, putting a strain on resources.
In a decrepit camp on its outskirts, dozens of people from a tribe called Jaham tugged at the sleeves of Saudi aid officials, imploring them for more relief supplies.
"This is the kind of life you wish upon your enemy. We used to live in palaces, now we live in tents," said a tribesman from nearby Sirwah district, which was overrun by the Houthis.
"No, no," interjected another tribesman. "This is not even a tent; this is wood covered with a flimsy blanket."
Houthi rebels besieged Marib for months in 2015 after they captured the capital Sanaa but they were pushed back in fierce clashes with local tribesmen aided by the Saudi-led coalition of which the UAE is a member.
Arada, one of the region's most influential tribal leaders, rallied fellow elders to pledge loyalty to the Hadi government — even those who traditionally supported the Houthis.
The US, behind regular drone strikes in the territory to combat Al Qaeda, has imposed sanctions on Mr Arada's brother, accusing him of supporting the group, a charge the governor vehemently denies.
Marib faces the constant threat of Houthi rockets, hundreds of which have been launched towards the city.
A missile strike killed six children last year during Eid festivities, Mr Arada said.
Paying a heavy price for the conflict are thousands of divided families in Yemen, split between Houthi and government territory.
"We go through checkpoint, checkpoint, checkpoint," said Amina Al Ayashi, 55, describing a circuitous route to Sanaa, where her journalist son Taufiq is in a Houthi jail as the rebels crack down on the media.
"It feels like a whole lifetime. They humiliatingly search us. We bring clothes, bread, vegetables. They refuse," she trailed off.
Morsal Haidara, an English professor at Marib University, which restarted in 2016 after being shut down during months of fighting, draws parallels with Shakespeare's Hamlet, comparing the rebels to the character King Claudius who seized the throne by poisoning his own brother.
"What's happening in Yemen is a tragedy," he said.
Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
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.”
Bridgerton%20season%20three%20-%20part%20one
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EVarious%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nicola%20Coughlan%2C%20Luke%20Newton%2C%20Jonathan%20Bailey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Mohammed bin Zayed Majlis
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Where to Find Me by Alba Arikha
Alma Books
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
The biog
Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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
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
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Brief scores:
Juventus 3
Dybala 6', Bonucci 17', Ronaldo 63'
Frosinone 0
World Series
Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)
* if needed
Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday
What is the Supreme Petroleum Council?
The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.
Opening day UAE Premiership fixtures, Friday, September 22:
- Dubai Sports City Eagles v Dubai Exiles
- Dubai Hurricanes v Abu Dhabi Saracens
- Jebel Ali Dragons v Abu Dhabi Harlequins
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