Saleh's jets bomb Yemen town overrun by militants



SANA'A // Bloodshed continued in Yemen yesterday as government fighter jets bombed a town overrun by Islamic militants and forces loyal to President Ali Abdullah Saleh killed at least 20 demonstrators in a fierce assault on a protest camp in the southern city of Taiz.

Opponents, including a breakaway group of generals, have accused President Saleh of allowing militants to take over the small town of Zinjibar to bolster his argument that he is a key bulwark against al Qa'eda and win back support from the US and other countries.

Warplanes yesterday fired at the southern outskirts of the town and loud explosions were followed by rising columns of smoke. "The positions the army is targeting are residential areas," said resident Esam Mohammed.

Military units battled the militants in Zinjibar overnight in an attempt to clear the fighters from the town, where they have blockaded themselves behind barricades and rocks since Friday.

Shelling killed at least six of the fighters, bringing the death toll there since Saturday to 36, according to an official at Al Razi hospital. The dead included soldiers, militants and civilians, he said.

"The sound of explosions and bullets are rattling the city," said Waleed Mohammed Mokbal, who lives in the town centre. "Gunfire is non-stop."

Mr Saleh has repeatedly warned that Islamic militants and al Qa'eda would take control of the country if he was removed from power in the anti-government protest movement. His critics say the new round of military offensives by the government is meant to play on these fears.

Abdulbaki Shamsan, a professor of political sociology at Sana'a University, said: "After launching severe attacks on [Sheikh Sadeq] al Ahmar tribal leaders in Sana'a and attacks on the Nehm and Arab tribes outside the city, Saleh moved to the south and abandoned the city of Zinjibar to the militants to scare the West that al Qa'eda is going to take over after the regime leaves."

Hundreds of soldiers from the elite Republican Guards stormed the protest camp in Taiz yesterday, firing on crowds and bulldozing a field hospital set up in anticipation of such an attack. Security forces first tried to clear the square in Taiz with water cannons, tear gas and stun grenades, sending thousands rushing for shelter.

More than 20 protesters were killed in the attack and about 200 others wounded, according to Sadek al Shujaa, chief of the field clinic.

Forces from the Republican Guards, which is commanded by one of Mr Saleh's sons, moved in before dawn and were backed by tanks, said activists.

Witnesses said Republican Guards, other security forces and armed plain-clothed militiamen attacked the protesters. Dozens of tents, used by protesters occupying the square for weeks, were set ablaze and bulldozers demolished hundreds of other tents "without checking whether anyone was still inside", the witnesses said. Bushra al Maktari, an activist, said that about 100 protesters caught fire inside their tents and some corpses were found charred.

The violence in Taiz, the hotbed of the anti-regime protests, comes as the government appears close to open war with the powerful Hased tribal federation headed by Sheikh al Ahmar. An uneasy ceasefire was agreed to on Saturday after five consecutive days of fighting. Sheikh al Ahmar on Sunday called on all Yemeni tribes to unite against Mr Saleh, a one-time ally.

Faris al Saqqaf, director of the Future Studies Centre, said: "The regime thinks by such an attack on the al Ahmar tribal family, he would create a sense of fear and awe but the response was negative. The tribes of Hashed were provoked and they threatened they would launch a massive attack on the capital."

Mr al Saqqaf said the government's use of battlefield weapons and tactics against the protesters and tribes is Mr Saleh's gambit to show international observers that he alone has the power to control the country.

"These multiple fronts the regime is fighting demonstrate that it wants to repeat the Libyan experience to show that it is not facing a peaceful uprising but an armed rebellion," said Mr al Saqqaf, who added that he believes the ploy has backfired on Mr Saleh.

"This weakens the position of the regime and its credibility. The crackdown on the protest site in Taiz is likely to move to other areas so that the regime removes all sites where peaceful protests are being held," he said.

Mr Shamsan said if the international community fails to intervene and exert pressure on Mr Saleh to end the violence, the situation in Yemen could get even more deadly. Mr Saleh, a wily leader who has clung to power for nearly 33 years, has three times walked away from a Gulf Co-operation Council plan for a peaceful transfer of power.

"The international community has to take an action, otherwise young protesters might lose hope in the peaceful means for change, mainly after the brutal attack on them Taiz," Mr Shamsan said.

* With additional reporting by the Associated Press

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 

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Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

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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.”

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Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

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India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

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India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery