The UAE, Saudi, US and UK established on Thursday a committee to address Yemen’s economic and humanitarian crisis.
Senior officials and ambassadors of the quartet states met in Riyadh to identify measures aimed at stabilizing Yemen’s economy by calling on the international community to support the ongoing peace process.
“The four nations agreed to establish an advisory committee that will meet once a month to establish measures aimed at stabilizing Yemen’s currency, management of foreign currency flows and support the government of Yemen in improving its economic management,” according to a statement by the Saudi Press Agency.
They expressed support for UN Envoy to Yemen Martin Griffiths’ efforts in bringing all sides of the conflict to the negotiating table in order to work on a political solution.
Mr Griffiths is expected to give a briefing on Friday to the UN Security Council on the progress of the upcoming peace talks next month.
Saudi Arabia's foreign minister, Adel Al Jubeir, said on Thursday that the kingdom supports UN-led peace efforts to end the war in Yemen.
"We support a peaceful solution in Yemen and we support the efforts of the UN special envoy to Yemen," Mr Al Jubeir told reporters. "We are committed to delivering all the necessary humanitarian aid to our brothers in Yemen."
The development comes as Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held talks with Yemen’s Al Islah party.
During the meeting on Wednesday evening, Sheikh Mohammed reviewed the latest developments in Yemen with Al Islah chairman Colonel Mohammed Abdullah Al Yidoumi and secretary-general Abdulwahab Ahmad Al Anisi, according to state news agency WAM.
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Al Islah leaders expressed their gratitude to the UAE and the Arab led coalition for their efforts against the Iranian-backed Houthi rebels in Yemen, according to WAM.
“The meeting is seen as a positive and important step towards strengthening and uniting the Arab coalition in achieving its objectives of assisting pro-government forces to retake much of the rebel-held areas,” Adnan Al Adaini, deputy head of the information department of the Islah Party said.
Mr Al Adaini accused Qatar of playing a role in undermining security in Yemen and the Arab region.
Al Islah has been fighting alongside forces loyal to Yemeni president Abdrabu Mansur Hadi in Marib province, east of Sanaa, for three years.
Mr Hadi on Wednesday backed UN-proposed talks to end fighting in his war-torn country but vowed to "liberate" the battleground rebel-held port city of Hodeidah regardless of the peace process.
His aide Abdullah Al Alimi said the president had given strict instructions to army commanders to avoid civilian casualties, while also pushing for peace negotiations.
President Hadi, said Mr Al Alimi, has continuously pushed for the interest of the country to be taken into consideration.
On Thursday in Hodeidah an uneasy calm had settled for the third consecutive day after nearly two weeks of intense fighting between Iran-backed Hputhi rebels and the Arab coalition.
A resident of Hodeidah told The National that the Iran-backed rebels had deployed tens of children to replace deserters and fighters taken prisoners by the coalition.
Anas Balgheith, a displaced Hodeidah resident in Al Khoukhah told The National that tens of new Houthi fighters had been deployed to the city centre on a daily basis.
"As soon as they arrive they take up positions on the buildings' rooftops and start digging new trenches and build barricades and plant mines," Mr Balgheith said. "More than 300,000 civilians are still living in the city, they are living in a catastrophic situation, they can't flee the city because the Houthis used to fire randomly over the families who tried to flee so the majority prefer to stay home.
Company%20profile
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The bio
Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district
Was a middle distance state athletics champion in school
Enjoys driving to Fujairah and Ras Al Khaimah with family
His dream is to continue working as a social worker and help people
Has seven diaries in which he has jotted down notes about his work and money he earned
Keeps the diaries in his car to remember his journey in the Emirates
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
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Day 4, Abu Dhabi Test: At a glance
Moment of the day Not much was expected – on Sunday or ever – of Hasan Ali as a batsman. And yet he lit up the late overs of the Pakistan innings with a happy cameo of 29 from 25 balls. The highlight was when he launched a six right on top of the netting above the Pakistan players’ viewing area. He was out next ball.
Stat of the day – 1,358 There were 1,358 days between Haris Sohail’s previous first-class match and his Test debut for Pakistan. The lack of practice in the multi-day format did not show, though, as the left-hander made an assured half-century to guide his side through a potentially damaging collapse.
The verdict As is the fashion of Test matches in this country, the draw feels like a dead-cert, before a clatter of wickets on the fourth afternoon puts either side on red alert. With Yasir Shah finding prodigious turn now, Pakistan will be confident of bowling Sri Lanka out. Whether they have enough time to do so and chase the runs required remains to be seen.
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
More from Rashmee Roshan Lall
UAE currency: the story behind the money in your pockets
2018 ICC World Twenty20 Asian Western Regional Qualifier
Saturday results
Qatar beat Kuwait by 26 runs
Bahrain beat Maldives by six wickets
UAE beat Saudi Arabia by seven wickets
Monday fixtures
Maldives v Qatar
Saudi Arabia v Kuwait
Bahrain v UAE
* The top three teams progress to the Asia Qualifier
Killing of Qassem Suleimani
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
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
US tops drug cost charts
The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.
Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.
In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.
Some of the costliest drugs worldwide include Lipitor for high cholesterol.
The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.
High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.
