The scene of the attack on a convoy in which the Lahej governorate's director of security was travelling in the Khor Maksar district of Aden, Yemen. Photo: Twitter @khaled_alsenami
The scene of the attack on a convoy in which the Lahej governorate's director of security was travelling in the Khor Maksar district of Aden, Yemen. Photo: Twitter @khaled_alsenami
The scene of the attack on a convoy in which the Lahej governorate's director of security was travelling in the Khor Maksar district of Aden, Yemen. Photo: Twitter @khaled_alsenami
The scene of the attack on a convoy in which the Lahej governorate's director of security was travelling in the Khor Maksar district of Aden, Yemen. Photo: Twitter @khaled_alsenami

Assassination attempt on Yemeni security official kills six


Nada AlTaher
  • English
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An explosion has rocked Yemen’s de facto capital Aden in an attack on a convoy belonging to the Lahej province’s head of security on Wednesday, killing four security guards and two citizens, a government official said.

Maj Gen Saleh Al Sayyed survived the attempt on his life.

Yemen‘s Information Minister Muammar Al Eryani said one of the civilians killed was a woman travelling on a bus and that seven were wounded.

Maj Gen Al Sayyed’s convoy was travelling on a busy road near an educational institute in Khor Maksar when the attack took place.

Warring sides in Yemen, now in its eighth year of conflict, have been largely upholding a UN-brokered truce since April 1, which has been renewed for another two months in June.

Although breaches have been reported, the UN said there has been a significant reduction in violence so far.

The war in Yemen broke out in 2015 after the Iran-backed Houthis took over the capital Sanaa, prompting the government to call on Saudi Arabia and other neighbouring countries for support.

Mr Al Eryani said Wednesday’s attack threatened what the UN envoy to Yemen, Hans Grundberg, has called a “fragile” truce.

“Escalation of terrorist acts during truce confirms co-ordination between Houthi militia, Al Qaeda and ISIS to mess up and destabilise security and stability in Aden and liberated areas,” he wrote on Twitter.

The road on which the attack took place is usually busy during the day with civilian traffic.

No group immediately took responsibility for the attack, even during a televised message by Houthi leader Abdelmalik Al Houthi.

In an apparent video message after the attempted assassination, Maj Gen Al Sayyed said: “We are not backing down, no matter what the cost."

The National could not verify the authenticity of the video that was shared on social media on Wednesday evening.

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Sector: Online grocery delivery

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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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Team: 15 Mike Brown, 14 Anthony Watson, 13 Ben Te'o, 12 Owen Farrell, 11 Jonny May, 10 George Ford, 9 Ben Youngs, 1 Mako Vunipola, 2 Dylan Hartley, 3 Dan Cole, 4 Joe Launchbury, 5 Maro Itoje, 6 Courtney Lawes, 7 Chris Robshaw, 8 Sam Simmonds

Replacements 16 Jamie George, 17 Alec Hepburn, 18 Harry Williams, 19 George Kruis, 20 Sam Underhill, 21 Danny Care, 22 Jonathan Joseph, 23 Jack Nowell

Scoreline

Liverpool 4

Oxlade-Chamberlain 9', Firmino 59', Mane 61', Salah 68'

Manchester City 3

Sane 40', Bernardo Silva 84', Gundogan 90' 1

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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
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  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.

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Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.

Being overweight or obese increases the chances of developing the more common type 2 diabetes.

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A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

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Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

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Updated: June 29, 2022, 9:09 PM