Amid stepped-up security, Yemenis are turning out in the tens of thousands to call for the resignation of President Ali Abdullah Saleh.
Amid stepped-up security, Yemenis are turning out in the tens of thousands to call for the resignation of President Ali Abdullah Saleh.
Amid stepped-up security, Yemenis are turning out in the tens of thousands to call for the resignation of President Ali Abdullah Saleh.
Amid stepped-up security, Yemenis are turning out in the tens of thousands to call for the resignation of President Ali Abdullah Saleh.

Yemenis pour into Sanaa to continue month-long protest


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SANAA // Tens of thousands of people gathered in a main square in the Yemeni capital for Friday prayers that later turned into mass protests to press demands for the U.S.-backed president to step down.

Witnesses said the protesters poured into a square near the main gates of Sanaa University for the demonstrations amid tight security.

Security forces set up cordons in nearby streets, trying to thwart protesters from converging in the square that has been a flashpoint for weeks of demonstrations demanding that President Ali Abdullah Saleh, in power for 32 years, step down.

A Muslim imam who led Friday's prayer urged protesters to step up their demonstrations "until the president has departed."

"Every Yemeni is religiously and duty-bound to work to topple this regime," said imam Abdullah Fatir in his sermon, adding that Saleh "is a devil who has driven us to the stone ages." Shouts from the crowd of "Allahu akbar," or "God is great," accompanied his words.

Participants said tens of thousands attended - perhaps one of the largest gatherings since the protests began earlier this month. Violent clashes accompanied protests one week ago - also after Friday prayers - in Sanaa and the southern cities of Aden and Taiz, with several deaths reported.

Some of the demonstrators in the latest protests tried to break the security lines and move to other streets, but police fired into the air and forced them to backtrack.

"We are coming to take you from the presidential palace," activist Tawakul Kermal told the gathering, addressing Saleh.

In Aden, security used tear gas and fired bullets in the air to disperse hundreds of protesters in three neighborhoods of the southern port, and two protesters were wounded. Other demonstrators were staged in Taiz and Hadramout.

On Wednesday, Saleh said he had ordered his security services to protect protesters, stop all clashes and prevent direct confrontation between government supporters and opponents.

Yemen, an impoverished country with a weak central government and an active branch of al Qa'eda, has been swept up in the protests inspired by successful uprising in Egypt and Tunisia. Saleh has promised to step down after national elections in 2013, but the demonstrators want him out now.

In recent days, students and other activists have been digging in, setting up encampments in some public areas.

Government forces failed to dislodge the protesters, and thousands more have streamed into the square in support the students, including academics, writers and artists.

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Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

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