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Nestled on Yemen’s Red Sea coast, Hodeidah is more than merely a gateway for goods.
The port, which was heavily bombed and put out of action on Saturday by Israeli air strikes, has been a lifeline for a country grappling with war, economic turmoil and one of the world's most severe humanitarian crises.
As Yemen's principal port, Hodeidah has been crucial for the survival of millions of citizens, making it a focal point of humanitarian efforts and military conflict.
Even before the war, it handled most imports in a country where 90 per cent of food had to be imported. But after Hodeidah was taken over by Iran-backed Houthi militias, Yemen's internationally recognised government has long accused the rebel movement of controlling the distribution of supplies from the port, deciding who benefits from foreign aid.
A major element of contention in the Yemeni conflict has been the restrictions on the import of fuel and humanitarian goods into Yemen, where millions of people are on the brink of famine.
Israeli warplanes killed three people in the Houthi-controlled Yemeni port of Hodeidah on Saturday, following the group's fatal drone attack in Tel Aviv. The strikes on the vital port, which triggered a raging fire and plumes of black smoke, were the first by Israel in Yemen, about 2,000km away.
Yemen’s economic lifeline
Its strategic importance is underscored by its location on key maritime routes connecting Europe, the Middle East and Asia. Control of the port translates into significant influence over the Red Sea's maritime traffic, impacting global shipping routes. For Yemen, Hodeidah is a vital entry point for goods essential to both the local economy and regional trade.
Economically, Hodeidah has also underpinned much of Yemen’s commercial activity. The port generates substantial revenue through tariffs and customs duty, critical for the country's fragile financial state.
These inflows have historically supported government functions and public services, essential for maintaining a semblance of stability in a nation torn by conflict.
Who has control?
Since the Yemeni Civil War erupted in 2015, control of Hodeidah port has been fiercely contested. Currently, it is under the control of Houthi rebels, who seized it from internationally recognised Yemeni government forces early in the conflict.
This has provided the Houthis with significant leverage, allowing them to regulate the flow of goods and resources into Yemen.
Both the ports of Hodeidah and Salif on the Red Sea are controlled by the Iran-backed Houthis.
The Saudi-led coalition has said the Houthis use the ports as launching points for military operations. A peace deal was signed by Yemen's warring sides in Stockholm in 2018, aiming to keep the ports operational. However, air and sea access to Houthi-held areas is controlled by the coalition, which intervened at the request of the government in 2015 after it was ousted by the rebels.
The port has been attacked numerous times, causing significant damage and disruption to operations, destroying infrastructure and delaying the delivery of much-needed aid and commercial goods, exacerbating the humanitarian crisis in Yemen.
Early last month, US and UK forces carried out joint air strikes on Hodeidah's airport and another attack was launched on the seaport of Salif to the north, in retaliation for the Houthis' targeting of shipping vessels in the Red Sea.
The rebels first threatened to attack Israeli ships in October. The following month, the group seized control of a Japanese-operated ship near Hodeidah, holding crew members hostage.
UN presence
The UN has had a significant presence in Hodeidah, primarily focused on monitoring and facilitating peace agreements and providing humanitarian assistance.
Established in December 2018 by the Security Council, the UN Mission to Support the Hodeidah Agreement (UNMHA) was created to support the wider Stockholm Agreement between the Yemeni government and Houthi rebels.
Various UN agencies operate in Hodeidah to address the dire humanitarian needs exacerbated by the conflict.
Key agencies involved include the World Food Programme, Unicef, the World Health Organisation, the UN High Commissioner for Refugees, and the Office for the Co-ordination of Humanitarian Affairs.
Classification of skills
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.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
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How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
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The specs
Engine: 3.6 V6
Transmission: 8-speed auto
Power: 295bhp
Torque: 353Nm
Price: Dh155,000
On sale: now
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Four reasons global stock markets are falling right now
There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:
1. Rising US interest rates
The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.
Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”
At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.
2. Stronger dollar
High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.”
3. Global trade war
Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”
4. Eurozone uncertainty
Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.
Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”
The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”
The view from The National
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
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