A displaced Yemeni woman receives emergency food on the outskirts of Sanaa, Yemen. EPA
A displaced Yemeni woman receives emergency food on the outskirts of Sanaa, Yemen. EPA
A displaced Yemeni woman receives emergency food on the outskirts of Sanaa, Yemen. EPA
A displaced Yemeni woman receives emergency food on the outskirts of Sanaa, Yemen. EPA

US pledges an additional $165m in Yemen aid


Holly Aguirre
  • English
  • Arabic

The US on Monday announced an additional $165 million in humanitarian aid for Yemen, as the war-ravaged country continues to face what the UN calls the world's worst humanitarian crisis.

Yemen's conflict flared in 2014 when Iran-backed Houthi rebels seized the capital Sanaa, prompting a Saudi-led intervention to prop up the internationally recognised government the following year.

“The US is announcing today $165m in additional humanitarian assistance for Yemen,” Tim Lenderking, US special envoy for Yemen, told reporters.

“We believe that taking immediate steps to mitigate the humanitarian crisis and save lives can contribute to progress on the peace process,” Mr Lenderking told a virtual press conference.

Fighting in Yemen has killed tens of thousands, displaced millions and left some 80 per cent of Yemenis dependent on aid.

Five million Yemenis are on the brink of famine, and some 50,000 people live in famine-like conditions — the first time such critical levels of hunger have been reached in two years, the UN World Food Programme (WFP) reported.

The UN has said that famine could become part of Yemen's “reality” this year.

“The US can't do this alone,” Mr Lenderking said. “Other donors, particularly regional donors, must step up their contributions.”

  • A woman holds a child as she sits near other children outside a cave where a Yemeni family has sought refuge due to poverty and lack of housing, west of the suburbs of Yemen's third city of Taez. AFP
    A woman holds a child as she sits near other children outside a cave where a Yemeni family has sought refuge due to poverty and lack of housing, west of the suburbs of Yemen's third city of Taez. AFP
  • Women wait to receive supplemental nutrition shakes at malnutrition treatment ward of al-Sabeen hospital in Sanaa, Yemen. Reuters
    Women wait to receive supplemental nutrition shakes at malnutrition treatment ward of al-Sabeen hospital in Sanaa, Yemen. Reuters
  • Yemeni women pick the rounded flesh leaves of Ghulaf to use as a main meal at the mountain village of Bani al-Qallam, some 100 km south west of Sanaa, Yemen. EPA
    Yemeni women pick the rounded flesh leaves of Ghulaf to use as a main meal at the mountain village of Bani al-Qallam, some 100 km south west of Sanaa, Yemen. EPA
  • Women and a boy wait for foodstuff assistance vouchers at an aid distribution center in Sanaa, Yemen. Reuters
    Women and a boy wait for foodstuff assistance vouchers at an aid distribution center in Sanaa, Yemen. Reuters
  • Yemeni women walk past shops in the old city market of the capital Sanaa. AFP
    Yemeni women walk past shops in the old city market of the capital Sanaa. AFP
  • Women sit with their children receiving treatment at al-Sabeen Maternity and Child Hospital in the Yemeni capital Sanaa. AFP
    Women sit with their children receiving treatment at al-Sabeen Maternity and Child Hospital in the Yemeni capital Sanaa. AFP
  • Yemeni women commute on donkeys carrying jerrycans of water at a camp for internally displaced people by conflict in the northern Hajjah province. AFP
    Yemeni women commute on donkeys carrying jerrycans of water at a camp for internally displaced people by conflict in the northern Hajjah province. AFP

A donor conference this year raised $1.7 billion in aid for the country — only half of its target.

Sarah Charles, the USAID assistant administrator for humanitarian assistance, said the money would help provide the WFP with continued emergency food assistance.

The new money comes on top of humanitarian assistance the US had “already been providing, including emergency food aid, treatment and prevention for malnutrition, basic necessities, such as hygiene and shelter supplies for displaced families, rehabilitation of water tanks and pipes,” she said.

Ms Charles stressed the need for cash incentives paid directly to the Yemeni people and noted that fuel, which is often stockpiled, may never reach the people it is supposed to help.

Mr Lenderking also said the Houthis' inaction and continued isolation is leading to pointless death and destruction.

“The Houthis' single-minded focus on the offensive has undermined UN efforts to reach a comprehensive ceasefire, putting millions of people at risk and poses a grave threat to the humanitarian situation. They are not winning,” he said, even though the rebels continue to make battlefield gains.

  • A Yemeni fighter allied to government forces leaves the front lines in Marib. AP
    A Yemeni fighter allied to government forces leaves the front lines in Marib. AP
  • Yemeni fighters loyal to the government leave the front lines in Marib. The Iran-backed Houthi rebels have launched an assault on the northern province. AP
    Yemeni fighters loyal to the government leave the front lines in Marib. The Iran-backed Houthi rebels have launched an assault on the northern province. AP
  • Marib is the last government stronghold in northern Yemen. AP
    Marib is the last government stronghold in northern Yemen. AP
  • Yemenis travel to the front lines in Marib, home to millions of displaced people who fled violence elsewhere. AP
    Yemenis travel to the front lines in Marib, home to millions of displaced people who fled violence elsewhere. AP
  • A Yemeni fighter in Marib fires at Houthi forces trying to seize control of the oil-rich province. AP
    A Yemeni fighter in Marib fires at Houthi forces trying to seize control of the oil-rich province. AP
  • Yemen's government says its forces have mostly repelled attacks by the Iran-backed rebels. AP
    Yemen's government says its forces have mostly repelled attacks by the Iran-backed rebels. AP

The US envoy to Yemen said an international consensus on resolving the conflict continues to grow, with regional actors like Oman taking greater steps. He also praised Saudi Arabia’s announcement supporting an immediate and comprehensive nationwide ceasefire.

“This stronger, more united regional push for peace is making a difference,” Mr Lenderking said.

“Saudi Arabia’s contributions through the King Salman Humanitarian Aid and Relief Centre is one example, but we need more in terms of negotiating a unilateral ceasefire.”

According to State Department Spokesman Ned Price, Secretary of State Antony Blinken spoke on Monday with the Foreign Minister of the Kingdom of Saudi Arabia, Faisal bin Farhan Al Saud.

The two discussed Riyadh's support for a comprehensive ceasefire in Yemen and the need for immediate steps to mitigate Yemen’s humanitarian crisis.

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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
Everton%20Fixtures
%3Cp%3EApril%2015%20-%20Chelsea%20(A)%3Cbr%3EApril%2021%20-%20N.%20Forest%20(H)%3Cbr%3EApril%2024%20-%20Liverpool%20(H)%3Cbr%3EApril%2027%20-%20Brentford%20(H)%3Cbr%3EMay%203%20-%20Luton%20Town%20(A)%3Cbr%3EMay%2011%20-%20Sheff%20Utd%20(H)%3Cbr%3EMay%2019%20-%20Arsenal%20(A)%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
While you're here
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE squad

Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)

Women’s draw: Maitha Al Neyadi (57kg)

FIXTURES (all times UAE)

Sunday
Brescia v Lazio (3.30pm)
SPAL v Verona (6pm)
Genoa v Sassuolo (9pm)
AS Roma v Torino (11.45pm)

Monday
Bologna v Fiorentina (3.30pm)
AC Milan v Sampdoria (6pm)
Juventus v Cagliari (6pm)
Atalanta v Parma (6pm)
Lecce v Udinese (9pm)
Napoli v Inter Milan (11.45pm)

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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.”

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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 
HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Turning%20waste%20into%20fuel
%3Cp%3EAverage%20amount%20of%20biofuel%20produced%20at%20DIC%20factory%20every%20month%3A%20%3Cstrong%3EApproximately%20106%2C000%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAmount%20of%20biofuel%20produced%20from%201%20litre%20of%20used%20cooking%20oil%3A%20%3Cstrong%3E920ml%20(92%25)%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3ETime%20required%20for%20one%20full%20cycle%20of%20production%20from%20used%20cooking%20oil%20to%20biofuel%3A%20%3Cstrong%3EOne%20day%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEnergy%20requirements%20for%20one%20cycle%20of%20production%20from%201%2C000%20litres%20of%20used%20cooking%20oil%3A%3Cbr%3E%3Cstrong%3E%E2%96%AA%20Electricity%20-%201.1904%20units%3Cbr%3E%E2%96%AA%20Water-%2031%20litres%3Cbr%3E%E2%96%AA%20Diesel%20%E2%80%93%2026.275%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A
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

Updated: August 09, 2021, 10:11 PM