Qatar’s foreign minister Sheikh Mohammed bin Abdulrahman Al Thani, right, UN secretary general Ban Ki-moon, centre, and Yemen’s president Abdrabu Mansur Hadi attend the Doha Forum on May 21, 2016. Reuters
Qatar’s foreign minister Sheikh Mohammed bin Abdulrahman Al Thani, right, UN secretary general Ban Ki-moon, centre, and Yemen’s president Abdrabu Mansur Hadi attend the Doha Forum on May 21, 2016. ReuShow more

Yemen security raids kill 13 extremists in Mukalla



ADEN // Yemeni forces killed 13 extremists militants and arrested two others in overnight raids in Mukalla district, while several more died in a blast hours later, the military and residents said on Sunday.

Two soldiers were killed and nine injured in the operations launched on Saturday night, which were backed by the Saudi-led military coalition supporting the government.

Brig Gen Ahmed bin Braik, the governor of Hadramout province, said the military targeted Al Qaeda and ISIL fighters in Rawkab, Bwaish and Rabwat Al Huhandiseen areas around Mukalla city, the provincial capital.

“The residents helped the military forces yesterday night, and this is a clear message that Hadramout’s citizens are not supporters of Al Qaeda and its sisters,” Brig Gen bin Braik said.

Residents in Rawkab reported a huge explosion at about noon on Sunday in a house occupied by Al Qaeda militants.

"The explosion was from a car bomb that was being preparing by Al Qaeda fighters in the yard of a house," Mohammed Al Sharafi, a journalist based in Mukalla, told The National.

“There are definitely casualties among the Al Qaeda fighters but its not clear yet how many.”

He said Rawkab was one of the main areas in Mukalla district infiltrated by Al Qaeda and which the military had still not cleared of militants.

The military, backed by coalition forces, forced Al Qaeda fighters from Mukalla last month, a year of the extremist militants seized control of the south-eastern port city.

Since then there have been a number of militant attacks on civilians, officials and military camps in and around the city. Two of the deadliest – a suicide bombing on May 15 that killed 40 men queuing to join the security forces and bombing and gun attack at a naval base three days earlier that left 15 soldiers dead – were claimed by ISIL.

“Both Al Qaeda and ISIL are working shoulder to shoulder in Hadramout, as the ISIL fighters used to be fighters with Al Qaeda,” said a political analyst based in the province who asked not to be identified.

“The Yemeni army and the coalition forces know that they have not liberated the whole Mukalla district from Al Qaeda. They know the strongholds of these fighters in Mukalla, but they have not yet pushed them out,” he said, adding that they were still securing the city centre.

He said most residents of Mukalla were opposed to Al Qaeda and ISIL but they cannot challenge these groups because they are heavily armed.

Both groups have taken advantage of the government’s war against Houthi rebels and their allies to expand their presence in Yemen. However, with a ceasefire in place as the two sides hold UN-mediated peace talks in Kuwait, the government and coalition forces have turned their sights on the extremists in recent weeks.

On Sunday, the government delegation resumed negotiations after suspending its participation last week over the rebels’ refusal to recognise the legitimacy of president Abdrabu Mansur Hadi.

The United Nations said Mr Hadi agreed to resume the talks after a meeting with UN secretary general Ban Ki-moon and the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, in Doha on Saturday.

The UN envoy to Yemen, Ismail Ould Cheikh Ahmed, said the truce that began April 10 has largely held.

“The cessation of hostilities is holding around 80 to 90 per cent,” Mr Cheikh Ahmed said at the Doha Forum conference on Sunday. “The people of Yemen feel there is a cessation of hostilities.”

The drop in violence has been crucial in ensuring much-needed aid can make its way to areas affected by the fighting, he said.

Mr Cheikh Ahmed said he hoped that most of the thorniest issues in the conflict have been discussed during the Kuwait talks.

“We are not at square zero ... We are in fact making incredible progress,” he said when asked during the forum about the slow pace of the negotiations. He expressed hope that a resolution to the conflict is “very close”, though he was quick to add a note of caution.

“I cannot guarantee you an outcome. You can be very close, but then because of the position of the parties they may fail,” he said.

The peace talks are aimed at ending the conflict based on a UN Security Council resolution that calls for the rebels to withdraw from all cities, hand over weapons, and release political detainees.

foreign.desk@thenational.ae

* With additional reporting from Associated Press

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Results

2.30pm: Dubai Creek Tower – Handicap (PA) Dh40,000 (Dirt) 1,200m; Winner: Marmara Xm, Gary Sanchez (jockey), Abdelkhir Adam (trainer)

3pm: Al Yasmeen – Maiden (PA) Dh40,000 (D) 1,700m; Winner: AS Hajez, Jesus Rosales, Khalifa Al Neyadi

3.30pm: Al Ferdous – Maiden (PA) Dh40,000 (D) 1,700m; Winner: Soukainah, Sebastien Martino, Jean-Claude Pecout

4pm: The Crown Prince Of Sharjah – Prestige (PA) Dh200,000 (D) 1,200m; Winner: AF Thayer, Ray Dawson, Ernst Oertel

4.30pm: Sheikh Ahmed bin Rashid Al Maktoum Cup – Handicap (TB) Dh200,000 (D) 2,000m; Winner: George Villiers, Antonio Fresu, Bhupat Seemar

5pm: Palma Spring – Handicap (PA) Dh40,000 (D) 2,000m; Winner: Es Abu Mousa, Antonio Fresu, Abubakar Daud

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
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Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

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Director: Spike Lee

Starring: John David Washington; Adam Driver 

Five stars

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

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Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

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In the box: iPad mini, USB-C cable, 20W USB-C power adapter

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Upcoming games

SUNDAY 

Brighton and Hove Albion v Southampton (5.30pm)
Leicester City v Everton (8pm)

 

MONDAY 
Burnley v Newcastle United (midnight)

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%3Cp%3E%3Cstrong%3EAdd%3A%3C%2Fstrong%3E%3Cbr%3EParippu%20%E2%80%93%20moong%20dal%20and%20coconut%20curry%3Cbr%3ESambar%20%E2%80%93%20vegetable-infused%20toor%20dal%20curry%3Cbr%3EAviyal%20%E2%80%93%20mixed%20vegetables%20in%20thick%20coconut%20paste%3Cbr%3EThoran%20%E2%80%93%20beans%20and%20other%20dry%20veggies%20with%20spiced%20coconut%3Cbr%3EKhichdi%20%E2%80%93%20lentil%20and%20rice%20porridge%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3E%3Cstrong%3EOptional%3A%3C%2Fstrong%3E%3Cbr%3EKootukari%20%E2%80%93%20stew%20of%20black%20chickpeas%2C%20raw%20banana%2C%20yam%20and%20coconut%20paste%3Cbr%3EOlan%20%E2%80%93%20ash%20gourd%20curry%20with%20coconut%20milk%3Cbr%3EPulissery%20%E2%80%93%20spiced%20buttermilk%20curry%3Cbr%3ERasam%20%E2%80%93%20spice-infused%20soup%20with%20a%20tamarind%20base%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3E%3Cstrong%3EAvoid%3A%3C%2Fstrong%3E%3Cbr%3EPayasam%20%E2%80%93%20sweet%20vermicelli%20kheer%3C%2Fp%3E%0A
RESULTS

1.45pm: Maiden Dh75,000 1,400m
Winner: Dirilis Ertugrul, Fabrice Veron (jockey), Ismail Mohammed (trainer)
2.15pm: Handicap Dh90,000 1,400m
Winner: Kidd Malibu, Sandro Paiva, Musabah Al Muhairi
2.45pm: Maiden Dh75,000 1,000m
Winner: Raakezz, Tadhg O’Shea, Nicholas Bachalard
3.15pm: Handicap Dh105,000 1,200m
Winner: Au Couer, Sean Kirrane, Satish Seemar
3.45pm: Maiden Dh75,000 1,600m
Winner: Rayig, Pat Dobbs, Doug Watson
4.15pm: Handicap Dh105,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
4.45pm: Handicap Dh80,000 1,800m
Winner: King’s Shadow, Richard Mullen, Satish Seemar

Paris%20Agreement
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year