US deploys second aircraft carrier to Arabian Gulf



KUWAIT CITY // A second US aircraft carrier has been sent to the Arabian Gulf as uncertainty continues over the aims of Iran's nuclear programme.

Commander Amy Derrick-Frost of the Bahrain-based 5th Fleet said yesterday the deployment of the nuclear-powered USS Enterprise along the Abraham Lincoln carrier strike group marks only the fourth time in the past decade that the two aircraft carriers operated at the same time in the region.

The two carriers will support the American military operations in Afghanistan and anti-piracy efforts off Somalia's coast.

The warships will also patrol the Gulf's oil routes.

Meanwhile, the head of Kuwait's national oil company said his country was mulling "many scenarios" in case the Strait of Hormuz is closed.

"We are discussing many scenarios but we have not decided which" plan to adopt, the CEO of Kuwait Petroleum Corp (KPC), Faruq Al Zanki, said.

"This is something that needs to be coordinated with the GCC states," Mr Al Zanki told reporters yesterday on the sidelines of a Gulf Petroleum Conference.

Iran has frequently threatened to close the strait, through which most Gulf oil exports pass, if it is militarily attacked over its controversial nuclear programme.

Mr Al Zanki said KPC has been asked to look into this issue.

"KPC has been asked to look into what we think [we can do about the possible closure of Hormuz] and this is something we are looking into."

He said such contingency scenarios were discussed by the GCC states in the past and "we need to re-visit it and come up with a specific plan, agreed by all states".

He declined to say if GCC countries were currently engaged in studies over the possible closure of the strait.

Kuwait pumps about 3 million barrels per day and most of it is exported as crude and refined products through the Strait of Hormuz.

The UAE is building pipelines to bypass the strait.

In January, Mohammad Al Hameli, the UAE Minister of Energy, said a Habshan-Fujairah pipeline, to be finished by June, would be able to pump 1.5 million barrels a day from fields in Abu Dhabi to Fujairah.

The UAE is also working on a gas terminal in Fujairah.

* Reporting by Associated Press and Agence France-Presse

UAE currency: the story behind the money in your pockets
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Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

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Referees: Chris Broad, David Boon, Jeff Crowe, Andy Pycroft, Ranjan Madugalle and Richie Richardson.

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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

COMPANY%20PROFILE
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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
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Engine: 3.9-litre twin-turbo V8
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Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

Results
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Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5

Manchester City 4
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Real Madrid 1
Oscar (90)

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Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

One in four Americans don't plan to retire

Nearly a quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of ageing in the workforce.

Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.

According to the poll from The Associated Press-NORC Centre for Public Affairs Research, 23 per cent of workers, including nearly two in 10 of those over 50, don't expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday.

According to government data, about one in five people 65 and older was working or actively looking for a job in June. The study surveyed 1,423 adults in February this year.

For many, money has a lot to do with the decision to keep working.

"The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," says Anqi Chen, assistant director of savings research at the Centre for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement."

When asked how financially comfortable they feel about retirement, 14 per cent of Americans under the age of 50 and 29 per cent over 50 say they feel extremely or very prepared, according to the poll. About another four in 10 older adults say they do feel somewhat prepared, while just about one-third feel unprepared. 

"One of the things about thinking about never retiring is that you didn't save a whole lot of money," says Ronni Bennett, 78, who was pushed out of her job as a New York City-based website editor at 63.

She searched for work in the immediate aftermath of her layoff, a process she describes as akin to "banging my head against a wall." Finding Manhattan too expensive without a steady stream of income, she eventually moved to Portland, Maine. A few years later, she moved again, to Lake Oswego, Oregon. "Sometimes I fantasise that if I win the lottery, I'd go back to New York," says Ms Bennett.

 

Strait of Hormuz

Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.

The Gandhi Murder
  • 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget 
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.