Smoke rises after an airstrike in Sanaa, Yemen August 9, 2018. REUTERS/Mohamed al-Sayaghi
The news of the US approach comes as the UN peace talks were pushed back. Reuters

US pushing for Yemen talks as it studies terror designation for Houthis



Even as the UN announced delays for its peace talks for Yemen, the Trump administration remains laser focused on jump-starting the political process while reportedly considering a designation of the Houthi movement as a foreign terrorist organisation (FTO).

The Washington Post reported on Thursday that the White House is considering designating the rebels as a terror group in order to speed the end of the conflict and pressure Iran to cut support for the organisation.

However, current and former US officials did not confirm such plans. A US State Department official, speaking to The National on condition of anonymity, said the US position on Yemen and the conflict "has not changed."

“We have been urging all parties to come to the table and recognise that there’s no military victory that can be achieved in Yemen” he added.

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Read more:

UN aims for Yemen talks by year-end, not end of month

US calls for Yemen peace efforts as Hodeidah braces for renewed offensive

Opinion: Impetus to end Yemen war and relieve suffering of millions must be seized

Britain commits to leading fresh action on Yemen at UN Security Council

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Another US official said that Washington’s efforts are solely focused now in support of the UN Envoy Martin Griffiths.

“We reiterate our calls for a cessation of hostilities and for all parties to come to the table to find a peaceful solution to the conflict” the official said. UN plans to convene the parties have been pushed from November to the end of the year.

Debate on labelling the Houthis as foreign terrorist organisation is not new. The Obama administration had examined the issue in the past, and it has come up more vigorously since the Trump administration took office. An FTO designation would sanction the Houthis, prohibit any US contact with the group, and isolate them financially on the international arena.

Former US officials who served in Yemen, however, told The National that the decision remains unlikely since it would not achieve its desired objective of prompting a political solution in Yemen.

“I don’t think it makes sense” said Gerald Feierstein, a former US ambassador to Yemen. “Our issues with the Houthis concern their efforts to obstruct the political transition in Yemen and their military campaign both within Yemen and against Saudi Arabia” said Mr Feierstein, who now serves as director for government relations at the Middle East Institute. Designating them, he argued, would undermine efforts to negotiate a political resolution of the conflict.

Stephen Seche, vice president of the Arab Gulf States Institute, said he suspected that the push to designate the Houthis is coming from the White House and not the State Department. Mr Seche who also served as an Ambassador to Yemen from 2007 to 2010, said that such designation would not be as impactful given the local operation of the group.

“They’re not known for conducting international banking or travel, and they’re not vulnerable to such pressure…hence the practical impact may be minimal” Mr Seche said. He suggested that an FTO decision would, were it to be taken, complicate US efforts on the ground in engaging the Houthis, and deliver aid and humanitarian relief to areas under their control.

What such a designation may do, however, is remove congressional pressure on the administration in continuing its support role in the war in Yemen, explained Mr Seche. Then the administration would be seen as taking role in a fight against a terrorist organisation.

Fatima Al Asrar, a former Yemeni diplomat and a senior analyst at the Arabia Foundation, said that while the Houthis “are a non-state actor, who work openly against US interests, an FTO designation may complicate matters further.

“One of the major concerns is that it might impact Yemenis at large, including those who have no affiliation with Houthis or are forced to deal with them” Ms Al Asrar said.

“Houthis are a non-state actor, they work openly against US interests but this designation will not have any impact on their ability to operate.” Instead, “it may curtail UN agencies delivery of food and essential items in their areas which can have a catastrophic impact” Ms Al Asrar warned. The Yemeni expert favoured sanctioning separate individuals and entities in the group by the US Treasury as an alternative.

In Washington, the idea of designating the Houthis as a terrorist organisation is part of the policy debate within the administration. Any decision of that sort will involve careful deliberations by the State Department and its career diplomats, experts agreed, given the magnitude and impact beyond just punishing the Houthis.

Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.+

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.+

Cinco in numbers

Dh3.7 million

The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown

46

The number, in kilograms, that Swarovski’s wedding gown weighed.

1,000

The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]

50

How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday

3,000

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.

1.1 million

The number of followers that Michael Cinco’s Instagram account has garnered.

From exhibitions to the battlefield

In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.

It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.

It is driving positive change through innovation and technology, helping use resources more efficiently.

It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.

The biog

Age: 19 

Profession: medical student at UAE university 

Favourite book: The Ocean at The End of The Lane by Neil Gaiman

Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)

Favourite poet: Edger Allen Poe 

Sweet Tooth

Creator: Jim Mickle
Starring: Christian Convery, Nonso Anozie, Adeel Akhtar, Stefania LaVie Owen
Rating: 2.5/5

if you go

The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.

The trip 

Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.

The specs

Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Top 10 most competitive economies

1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

Remaining fixtures

Third-place-play-off: Portugal v Mexico, 4pm on Sunday

Final: Chile v Germany, 10pm on Sunday

Company Profile

Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

How it works

Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com

Superliminal

Developer: Pillow Castle Games
Publisher: Pillow Castle Games
Console: PlayStation 4&5, Xbox Series One & X/S, Nintendo Switch, PC and Mac
Rating: 4/5

Teachers' pay - what you need to know

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

Russia's Muslim Heartlands

Dominic Rubin, Oxford

The specs

Engine: 6.5-litre V12
Power: 725hp at 7,750rpm
Torque: 716Nm at 6,250rpm
Transmission: 8-speed dual-clutch auto
On sale: Q4 2023
Price: From Dh1,650,000

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)


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