Yemenis try to buy grain at a market in Sanaa on Monday. The escalation of Houthi attacks on shipping lanes in the Red Sea and the Gulf of Aden could put further pressure on food prices. EPA
Yemenis try to buy grain at a market in Sanaa on Monday. The escalation of Houthi attacks on shipping lanes in the Red Sea and the Gulf of Aden could put further pressure on food prices. EPA
Yemenis try to buy grain at a market in Sanaa on Monday. The escalation of Houthi attacks on shipping lanes in the Red Sea and the Gulf of Aden could put further pressure on food prices. EPA
Yemenis try to buy grain at a market in Sanaa on Monday. The escalation of Houthi attacks on shipping lanes in the Red Sea and the Gulf of Aden could put further pressure on food prices. EPA


Global trade will survive the Red Sea crisis. People who depend on aid may not


  • English
  • Arabic

March 06, 2024

Against the backdrop of a continuing failure to end the devastating war on Gaza, the crisis in the Red Sea is worsening. Months of Houthi attacks on international shipping have sunk their first ship – the UK-registered Rubymar – and on Monday, US Central Command said missiles fired by the rebels struck the MSC Sky II, a Liberian-flagged, Swiss-owned container vessel. Meanwhile, the Hong Kong telecoms company HGC Global Communications has said that four underwater communications cables in the Red Sea have been damaged, an incident that has had “a significant impact on communication networks in the Middle East”.

Much has been written about the risks to global trade posed by such attacks that, on the face of it, are being carried out by the Yemeni militants ostensibly to show their opposition to the US, Israel and their allies. Although many people in the region and further afield are frustrated – to put it mildly – at the international community’s apparent inability to end Gaza’s suffering, the Houthis’ tactics are endangering some of the region’s most vulnerable civilians, including their fellow Yemenis.

Yemen runs the risk of an ecological disaster after Houthi rebels sank the Rubymar, above, which was carrying thousands of tonnes of fertiliser in the Red Sea. EPA
Yemen runs the risk of an ecological disaster after Houthi rebels sank the Rubymar, above, which was carrying thousands of tonnes of fertiliser in the Red Sea. EPA

Last week, the International Rescue Committee said a decision by its carrier to suspend operations in the Red Sea had forced the charity – which has been supplying vital aid to civilians in war-torn Sudan – to “seek alternative routes, which are longer and more costly, for the delivery of essential pharmaceutical supplies which are critical for life saving health services”. The rising cost and physical risk of sending aid and supplies through the Red Sea have been highlighted by other humanitarians, too.

In January, 26 aid bodies signed a joint statement expressing “grave concern over the humanitarian impacts of the recent military escalation in Yemen and the Red Sea” adding that “escalation will only worsen the situation for vulnerable civilians and hinder the ability of aid organisations to deliver critical services”. A February report from the Food Security Cluster – which is jointly led by the UN’s Food and Agriculture Organisation, and World Food Programme – warned that continued disruption in the Red Sea “has the potential to reduce food imports to Yemeni Ports, increase the cost of imports because of higher insurance premiums and increase prices of basic food and non-food items, and reduce household purchasing power”.

While the risks posed to life-saving humanitarian aid are devastating, the Houthis’ sinking of the Rubymar, which was carrying thousands of tonnes of fertiliser when it went down, could pose a long-term threat to the region's marine life. The Middle East division of Greenpeace this week warned that the release of this much fertiliser could affect the pH balance of the seawater and cause a major algae bloom. That would produce a massive influx of nitrogen that would affect the Red Sea’s delicate ecosystem. Given the major international effort that went into averting another potential environmental disaster – that posed by the rusting FSO Safer oil tanker off the coast of Hodeidah – endangering yet more of Yemen’s ecosystem is a step backwards for the country.

In a UN Security Council report issued last week, the UN Special Envoy for Yemen, Hans Grunberg, pointed to the need for “the Yemeni parties to stop public provocations, refrain from military opportunism inside Yemen, and refocus on safeguarding the progress made to date in the peace talks”. It is this opportunism by the Houthis, who are exploiting the understandable anger over the situation in Palestine, that is damaging lives and livelihoods among some of the region’s most vulnerable people. Global trade can weather the storm of shocks such as shipping disruption in the Red Sea – people who depend on aid cannot.

ENGLAND SQUAD

Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope 
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold 
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph 
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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While you're here
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)

  • Arrive with a thank you gift, or make sure you have one for your host by the time you leave. 
  • Offer to buy groceries, cook them a meal or take your hosts out for dinner.
  • Help out around the house.
  • Entertain yourself so that your hosts don’t feel that they constantly need to.
  • Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
  • Offer to strip the bed before you go.
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.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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.

Monster Hunter: World

Capcom

PlayStation 4, Xbox One

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Match info:

Portugal 1
Ronaldo (4')

Morocco 0

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

MATCH INFO

Final: England v South Africa, Saturday, 1pm

Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

UAE currency: the story behind the money in your pockets
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Winners

Best Men's Player of the Year: Kylian Mbappe (PSG)

Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)

TikTok Fans’ Player of the Year: Robert Lewandowski

Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)

Best Women's Player of the Year: Alexia Putellas (Barcelona)

Best Men's Club of the Year: Chelsea

Best Women's Club of the Year: Barcelona

Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)

Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)

Best Coach of the Year: Roberto Mancini (Italy)

Best National Team of the Year: Italy 

Best Agent of the Year: Federico Pastorello

Best Sporting Director of the Year: Txiki Begiristain (Manchester City)

Player Career Award: Ronaldinho

Getting there

The flights

Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.

The stay

Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.

Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com

How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
%3Cp%3E%3Cstrong%3EEdited%20by%3A%3C%2Fstrong%3E%20Idries%20Trevathan%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Hirmer%20Publishers%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The specs: 2019 Aston Martin DBS Superleggera

Price, base: Dh1.2 million

Engine: 5.2-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 725hp @ 6,500pm

Torque: 900Nm @ 1,800rpm

Fuel economy, combined:  12.3L / 100km (estimate)

Bharatanatyam

A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.

SWEET%20TOOTH
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In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

RESULTS
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SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

Updated: March 06, 2024, 12:55 PM`