Yemeni Prime Minister Maeen Abdulmalik Saeed said the government is ready to resume peace talks, in a sign that direct negotiations between Yemeni officials and Iranian-backed Houthi rebels may soon resume.
Western powers made a push for a de-escalation of the country's civil war last week. The US stressed the need for consultations overseen by the United Nations to begin by the end of the month in Sweden, after previous attempts collapsed in September.
"The government of Yemen has made many concessions in the past aiming to reach peaceful solution but we did not receive any encouragement from the Houthis," Mr Saeed said, according to Yemen's official news agency, Saba. "They are continuing to lengthen the duration of the conflict and suffering of Yemenis."
The premier's comments came during a meeting on Tuesday with the Swedish envoy of foreign affairs to Yemen, Peter Simbi.
In September, the two sides were expected to sit down in Geneva for the first time in two years to discuss measures aimed at ending the three-year war in which more than 10,000 Yemenis have been killed but a Houthi delegation failed to show up.
"The militia has left about one million workers in the areas they control without salaries, which has exacerbated the conflict's humanitarian suffering," Mr Saeed said.
Mr Simbi stressed Sweden's willingness to provide support to Yemen and contribute to ending the suffering of the Yemeni people.
The UN's envoy to Yemen, Martin Griffiths, asked Sweden on Wednesday to host Yemen peace talks.
“I urge all concerned parties to seize this opportunity to engage constructively with our current efforts to swiftly resume political consultations to agree on a framework for political negotiations, and confidence-building measures, in particular enhancing the capacities of the Central Bank of Yemen, the exchange of prisoners and the reopening of Sanaa airport," he said in a statement.
"We remain committed to bringing the Yemeni parties to the negotiations table within a month. Dialogue remains the only path to reach an inclusive agreement.”
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Read more:
Coalition strikes at rebel-held air base in Yemeni capital
Yemen government welcomes push for peace talks with rebels
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Swedish Foreign Minister Margot Wallstrom said the UN asked if Sweden "could be a place for the UN envoy to gather the parties in this conflict".
Ms Wallstrom told Sweden's news agency TT that Copenhagen would be "happy about it" but that nothing was definite.
On Tuesday, Mr Griffiths said on Tuesday that negotiations are the foundation for building peace in the country, according to a statement seen by The National.
He told tribal leaders and civil society workers from Hadramawt and Marib, that it is crucial to work on peace-building especially in parallel with diplomatic efforts, known as Track I, to end the war.
"The real work in Yemen starts the day after we reach a political deal. We should all work to prepare for that day," he said in Amman.
Mr Griffiths has held unofficial, informal peacemaking initiatives carried out by mediators with various societal groups, including civil society organisations, women and youth organisations, to support the continuing diplomatic efforts.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
FORSPOKEN
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
The specs: 2018 Peugeot 5008
Price, base / as tested: Dh99,900 / Dh134,900
Engine: 1.6-litre turbocharged four-cylinder
Transmission: Six-speed automatic
Power: 165hp @ 6,000rpm
Torque: 240Nm @ 1,400rpm
Fuel economy, combined: 5.8L / 100km
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
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
England ODI squad
Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Teams
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
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