In this handout satellite image, a close-up view of the 'FSO Safer' can be seen off the port of Ras Isa. AFP / Satellite image ©2020 Maxar Technologies
In this handout satellite image, a close-up view of the 'FSO Safer' can be seen off the port of Ras Isa. AFP / Satellite image ©2020 Maxar Technologies
In this handout satellite image, a close-up view of the 'FSO Safer' can be seen off the port of Ras Isa. AFP / Satellite image ©2020 Maxar Technologies
In this handout satellite image, a close-up view of the 'FSO Safer' can be seen off the port of Ras Isa. AFP / Satellite image ©2020 Maxar Technologies

UN ‘disappointed’ as Houthis delay oil tanker rescue


James Reinl
  • English
  • Arabic

The UN on Wednesday said it was “clearly disappointing” that Yemen's Houthi rebels are again delaying a repair mission for a decaying oil tanker, which is threatening to spill its million-barrel load into the Red Sea.

UN spokesman Stephane Dujarric said talks with the Iran-backed Houthis over the past 10 days failed to approve the long-planned mission to reach the stranded FSO Safer and patch its leaky hull.

Mr Dujarric said the Houthis were "not ready to provide the assurances we need to deploy a UN mission to the Safer tanker".

He said the UN wanted engineers to inspect the vessel and carry out repairs, but the Houthis, who are known formally as Ansar Allah, have their own plans and have not fully endorsed the mission.

“We've had very intensive discussions on this with Ansar Allah over the last 10 days, trying to bridge the gaps in objectives and understanding,” Mr Dujarric said in New York.

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“We've also seen direct engagement by member states to try to unblock things, which has been helpful, but we're not there yet.”

The 45-year-old vessel has been stranded eight kilometres south-west of the Ras Isa oil terminal, 60km north of the Houthi-held port of Hodeidah, since 2015, when the rebels took control of the area.

Experts say it could rupture at any time, releasing 1.1 million barrels of oil into the sea.

The UN has repeatedly asked the Houthis to allow them to stop a maritime disaster that experts fear would be four times worse than the 1989 Exxon Valdez spill near Alaska.

Houthi officials approved a mission late last year but have since backtracked.

Analysts say the rebels want the FSO Safer in place to profit from its cargo and future oil sales, and to increase the risk of any seaborne assault by foreign forces.

The UN Security Council will on Thursday hear from Inger Andersen, executive director of the UN Environment Programme, and others in a meeting devoted to the Safer.

A major spill would hurt tourism, fishing and desalination plants across Yemen, Saudi Arabia, Israel, Jordan, Egypt, Sudan, Eritrea and Djibouti, and impede a shipping lane that facilitates as much as 10 per cent of global trade.

SPECS
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ATP WORLD No 1

2004 Roger Federer

2005 Roger Federer

2006 Roger Federer

2007 Roger Federer

2008 Rafael Nadal

2009 Roger Federer

2010 Rafael Nadal

2011 Novak Djokovic

2012 Novak Djokovic

2013 Rafael Nadal

2014 Novak Djokovic

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2017 Rafael Nadal

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F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

The%20Roundup
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First Person
Richard Flanagan
Chatto & Windus 

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%20Profile
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Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

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UAE currency: the story behind the money in your pockets
THE BIG THREE

NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m

ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m

RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.