Houthi militiamen surround senior Houthi leader Mohammed Ali al-Houthi (C) in Sanaa, Yemen, 04 May 2018. EPA
Houthi militiamen surround senior Houthi leader Mohammed Ali al-Houthi (C) in Sanaa, Yemen, 04 May 2018. EPA

UAE deploys to Yemen Island to protect residents



The UAE has deployed soldiers to Socotra Island in Yemen as part of a campaign to support its residents, according to the Minister for Foreign Affairs.

Anwar Gargash said on Twitter on Friday that the UAE has historic and family ties to the island in the Arabian Gulf. "We will support [Socotra's residents], in stability, health care, education, and living [conditions]," he said.

The island has been largely neglected by Yemeni authorities since the start of the war against the Houthi rebels who seized the capital Sanaa in 2014.

The UAE has since been offering support to the island's residents, including offering them trips to the UAE to receive medical treatment. It has been buying land in order to build a factory, prison and other facilities.

The Saudi-led coalition has been in Yemen since 2015 as part of UN-backed efforts to restore the internationally recognised government of Abed Rabbo Mansour Hadi.

With support from the coalition, the Yemeni army continued advancing against the main stronghold of the rebel Houthi movement in Sada over the weekend.

Elite counter-terrorism forces advanced against Houthi positions in the north-west of Yemen, where "the Houthi militia suffered a big collapse in its ranks," director of the Yemeni army's information centre colonel Yehya Al Hatimi told The National. 

Yemeni forces are now 40 kilometres from the centre of Sada province, which lies 200 kilometres north of the rebelheld capital Sanaa. Government forces are besieging the rebel stronghold from five directions, Col Al Hatimi said.

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Read more:

Yemeni military looks to cut off main Houthi supply route

Houthis suffer as Yemen army cuts main supply routes

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In the south, the Yemeni army continues to advance along the western coast with the help of air support from the Arab coalition. Troops from the Al Amalikah brigades retook Al Bareh intersection three kilometres east of Khaled bin Al Waleed military base on Friday, according to Colonel Abdulbaset Al Baher, a spokesperson for the Yemeni army on the Taez front. Al Bareh is a strategic intersection which links Taez province with the port city of Al Hudaydah and other inland towns, Col Al Baher told The National.

The advance was backed by air strikes from UAE air force Apache jets, he said.

Meanwhile, the Houthi authority in control of Sanaa is yet to receive UN special envoy to Yemen Martin Griffiths who is supposed to visit in the coming week. Al Ayyam, a daily newspaper published in Aden, reported that Griffiths has been waiting in Muscat, Oman for more than two days because the Houthi authority say they are still arranging their affairs after the death of Saleh Al Sammad, the Houthi Supreme Political Council leader who was killed in a Saudi air strike at the end of April.

Company%20Profile
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Everybody%20Loves%20Touda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nabil%20Ayouch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nisrin%20Erradi%2C%20Joud%20Chamihy%2C%20Jalila%20Talemsi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Abu Dhabi racecard

5pm: Maiden (Purebred Arabians); Dh80,000; 1,400m.
5.30pm: Maiden (PA); Dh80,00; 1,400m.
6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA); Group 3; Dh500,000; 1,600m.
6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (Thoroughbred); Listed; Dh380,000; 1,600m
7pm: Wathba Stallions Cup for Private Owners Handicap (PA); Dh70,000; 1,400m.
7.30pm: Handicap (PA); Dh80,000; 1,600m