• Tigrayan refugees wait in line to receive food from Muslim Aid at Hamdeyat Transition Center near the Sudan-Ethiopia border, eastern Sudan, on Wednesday. AP
    Tigrayan refugees wait in line to receive food from Muslim Aid at Hamdeyat Transition Center near the Sudan-Ethiopia border, eastern Sudan, on Wednesday. AP
  • Janez Lenarcic, fifth right, the European Commissioner for Crisis Management, arrives to visit Um Raquba camp for Ethiopian refugees who fled the Tigray conflict, in eastern Sudan's Gedaref state on December 3, 2020. AFP
    Janez Lenarcic, fifth right, the European Commissioner for Crisis Management, arrives to visit Um Raquba camp for Ethiopian refugees who fled the Tigray conflict, in eastern Sudan's Gedaref state on December 3, 2020. AFP
  • Janez Lenarcic, second right, the European Commissioner for Crisis Management, arrives to visit Um Raquba reception camp for Ethiopian refugees who fled the Tigray conflict, in eastern Sudan's Gedaref state on December 3, 2020. AFP
    Janez Lenarcic, second right, the European Commissioner for Crisis Management, arrives to visit Um Raquba reception camp for Ethiopian refugees who fled the Tigray conflict, in eastern Sudan's Gedaref state on December 3, 2020. AFP
  • Janez Lenarcic, left, the European Commissioner for Crisis Management, speaks with Ethiopian refugees who fled the Tigray conflict during his visit to Um Raquba reception camp in Sudan on December 3, 2020. AFP
    Janez Lenarcic, left, the European Commissioner for Crisis Management, speaks with Ethiopian refugees who fled the Tigray conflict during his visit to Um Raquba reception camp in Sudan on December 3, 2020. AFP
  • Ethiopian children sit outside their family's tent at Um Raquba refugee camp in Gedaref, eastern Sudan, on January 6, 2021. AFP
    Ethiopian children sit outside their family's tent at Um Raquba refugee camp in Gedaref, eastern Sudan, on January 6, 2021. AFP
  • Ethiopian refugees, who fled the Tigray conflict, gather their belongings upon their arrival at the Tenedba camp in Mafaza, eastern Sudan on January 8, 2021. AFP
    Ethiopian refugees, who fled the Tigray conflict, gather their belongings upon their arrival at the Tenedba camp in Mafaza, eastern Sudan on January 8, 2021. AFP
  • Ethiopian refugees, who fled the Tigray conflict, at the Tenedba camp in Mafaza, eastern Sudan on January 8, 2021. AFP
    Ethiopian refugees, who fled the Tigray conflict, at the Tenedba camp in Mafaza, eastern Sudan on January 8, 2021. AFP
  • Ethiopian refugees wait in line for a meal at Sudan's Um Raquba camp which houses Ethiopian refugees who fled the fighting in the Tigray region, November 28, 2020. Reuters
    Ethiopian refugees wait in line for a meal at Sudan's Um Raquba camp which houses Ethiopian refugees who fled the fighting in the Tigray region, November 28, 2020. Reuters
  • Ethiopian refugee children who fled the Tigray conflict have a play-fight as they wait for food from Muslim Aid at the Um Raquba camp in eastern Sudan's Gedaref state on December 12, 2020. AFP
    Ethiopian refugee children who fled the Tigray conflict have a play-fight as they wait for food from Muslim Aid at the Um Raquba camp in eastern Sudan's Gedaref state on December 12, 2020. AFP
  • Red Cross workers and volunteers distribute supplies to civilians in the Tigray region of Ethiopia, January 6, 2021. Reuters
    Red Cross workers and volunteers distribute supplies to civilians in the Tigray region of Ethiopia, January 6, 2021. Reuters

US envoy calls for 'immediate withdrawal' of Eritrean forces from Tigray


Joyce Karam
  • English
  • Arabic

US envoy for the Horn of Africa Jeffrey Feltman called on Friday for Eritrean troops to "immediately withdraw" from Ethiopia's Tigray region, where the seven-month conflict has put over five million civilians at risk.

In a week-long trip to Ethiopia, Eritrea, Sudan and Egypt that concluded on Wednesday, Mr Feltman relayed directly to Eritrean President Isaias Afwerki the need to remove his troops from Tigray.

“In Asmara, Special Envoy Feltman underscored to President Isaias Afwerki the imperative that Eritrean troops withdraw from Ethiopia immediately,” State Department spokesman Ned Price said on Friday.

The conflict that broke out in Ethiopia's Tigray region last November occurred when Eritrean troops joined Ethiopian forces and allied militias in an offensive against the Tigray People's Liberation Front (TPLF).

The conflict has already displaced about one million civilians and has left over five million in need of assistance, according to humanitarian organisations such as Oxfam.

Eritrean troops entered the country upon request from Ethiopia’s Prime Minister Abiy Ahmed. But in March, following reports of extrajudicial killings, massacres, using starvation as a weapon and other grave humanitarian breaches committed in Tigray, Mr Ahmed said these troops would withdraw.

The US government and UN have yet to see evidence of such a withdrawal.

During his trip Mr Feltman, met Mr Ahmed and emphasised the need for an “effort to build national consensus on the country’s future that is based on respect for the human and political rights of all Ethiopians”, with a sovereign and united Ethiopia being integral to this vision.

But Mr Feltman said “the presence of Eritrean forces in Ethiopia is antithetical to these goals".

Besides the withdrawal of Asmara’s troops, the State Department said that securing a ceasefire, providing life-saving assistance and holding “those responsible for human rights abuses and violations accountable” are among US priorities in Tigray.

CNN reported this week that humanitarian access remains restricted in the region and that Eritrean soldiers “were blocking critical humanitarian aid to starving and wounded civilians”.

Ethiopia's government is now estimating 5.2 million out of the 5.7 million people in the region are now dependent on aid.

The dire humanitarian situation and risk of regional war has prompted calls from Congress to impose sanctions on Ethiopia and Eritrea if the troops are not withdrawn.

"We understand that the Biden administration is reviewing all options, but nothing has been announced or finalised, which is why we are pushing them on this," a congressional aide told The National this week.

The bipartisan push for sanctions is being led by the Democratic chairman and top Republican on the House Foreign Affairs Committee – Gregory Meeks of New York and Mike McCaul of Texas. They are urging the White House to use its authorities under the Global Magnitsky Act to levy sanctions on those violating human rights in the  conflict.

The UN reported last week that “the scale of food insecurity continues to be large and dire”, estimating that over 63,000 people have fled Tigray and are now refugees in Sudan.

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What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

The specs

Engine: 5.0-litre V8

Power: 480hp at 7,250rpm

Torque: 566Nm at 4,600rpm

Transmission: 10-speed auto

Fuel consumption: L/100km

Price: Dh306,495

On sale: now

THE%C2%A0SPECS
%3Cp%3EEngine%3A%204-cylinder%202.5-litre%20%2F%202-litre%20turbo%0D%3Cbr%3EPower%3A%20188hp%20%2F%20248hp%0D%3Cbr%3ETorque%3A%20244Nm%20%2F%20370Nm%0D%3Cbr%3ETransmission%3A%207-speed%20auto%0D%3Cbr%3EOn%20sale%3A%20now%0D%3Cbr%3EPrice%3A%20From%20Dh110%2C000%0D%3C%2Fp%3E%0A
Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

Red Joan

Director: Trevor Nunn

Starring: Judi Dench, Sophie Cookson, Tereza Srbova

Rating: 3/5 stars

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

'Midnights'
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RESULTS

5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)

5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham

6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi

6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami

7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi

7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi

8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan

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 SCORES

Ireland 125 all out

(20 overs; Stirling 72, Mustafa 4-18)

UAE 125 for 5

(17 overs, Mustafa 39, D’Silva 29, Usman 29)

UAE won by five wickets

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

The Light of the Moon

Director: Jessica M Thompson

Starring: Stephanie Beatriz, Michael Stahl-David

Three stars

JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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 

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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