US Special Envoy for Yemen Tim Lenderking travelled to Jordan and Saudi Arabia this week to advance UN-led peace efforts in the war-torn country, the State Department said.
Mr Lenderking met senior Yemeni and regional government officials as well as UN Special Envoy Hans Grundberg on his Monday travel, a State Department representative told The National.
“We believe that 2023 brings new opportunities to end the conflict in Yemen,” the representative said.
Despite the failure to extend a UN-brokered ceasefire between the internationally recognised Yemeni government and the Houthi rebels, Mr Lenderking has voiced cautious optimism over peace efforts.
The truce, which began on April 2 and was extended twice, expired in early October, with the Iran-backed Houthis rejecting efforts by Mr Grundberg to extend it for a further six months.
At a December congressional hearing, Mr Lenderking said efforts to achieve lasting peace are in “a new phase”, and that “there's probably more engagement between the conflict parties now than there has been at any time”.
Houthi-made rock mines found in Yemen — in pictures
Although there has not been a resumption of all-out war, several Houthi attacks on infrastructure have raised concerns among Yemenis and international groups.
The Houthis have been striking oil ports in government-held areas in a bid to extract economic concessions in peace talks. Government officials say the attacks disrupt crude oil exports and choke off state revenue.
In November, the Houthis conducted drone attacks on Al Dhabba oil terminal in Yemen's Hadhramaut province, raising alarm and drawing a rebuke from the UN.
Mr Grundberg told the UN last month that the renewal of the truce remained “inconclusive” due to a lack of trust.
The UN envoy warned that the possibility of a “new conflict remains real”.
“We urge the parties to accelerate their engagement with the UN to secure an expanded truce agreement and move towards an inclusive Yemeni political process,” the State Department representative told The National.
US navy seizes deadly weapons on Iran-Yemen smuggling route — in pictures
Wonka
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Paul%20King%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ETimothee%20Chalamet%2C%20Olivia%20Colman%2C%20Hugh%20Grant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
KILLING OF QASSEM SULEIMANI
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.