Lebanese Information Minister George Kordahi's statement on the Iran-backed Houthis in Yemen drew another strong response from a Gulf state when Bahrain called its citizens home from Lebanon. Saudi Arabia, the UAE, Bahrain and Kuwait recalled their representatives from Beirut last week. AFP
Lebanese Information Minister George Kordahi's statement on the Iran-backed Houthis in Yemen drew another strong response from a Gulf state when Bahrain called its citizens home from Lebanon. Saudi Arabia, the UAE, Bahrain and Kuwait recalled their representatives from Beirut last week. AFP
Lebanese Information Minister George Kordahi's statement on the Iran-backed Houthis in Yemen drew another strong response from a Gulf state when Bahrain called its citizens home from Lebanon. Saudi Arabia, the UAE, Bahrain and Kuwait recalled their representatives from Beirut last week. AFP
Lebanese Information Minister George Kordahi's statement on the Iran-backed Houthis in Yemen drew another strong response from a Gulf state when Bahrain called its citizens home from Lebanon. Saudi Ar

Bahrain calls on its citizens to leave Lebanon 'immediately'


Aya Iskandarani
  • English
  • Arabic

Bahrain called on all citizens to leave Lebanon immediately on Tuesday, in the latest escalation following a dispute between the Gulf and Beirut over a Lebanese minister’s pro-Houthi comments.

Information Minister George Kordahi said in an interview last week that the Iran-backed Houthis in Yemen were acting in self-defence, comments deemed insulting by Riyadh.

He refused to apologise or resign amid the biggest diplomatic crisis in years between Lebanon and its allies in the Gulf.

“The Ministry of Foreign Affairs of the Kingdom of Bahrain calls on all citizens present in the Lebanese Republic to leave immediately due to the tense situation there,” Manama said in a statement shared by the state news agency.

“The ministry confirms its previous statements not to travel to the Lebanese Republic at all, to ensure citizens are not exposed to any risks and to ensure their safety.”

Saudi Arabia, the UAE, Bahrain and Kuwait recalled their representatives in Beirut last week.

Riyadh has also banned imports from Lebanon.

The Yemeni government in Aden said in a statement on Tuesday that it will also recall its ambassador in Beirut for consultations over the comments.

A Saudi-led Arab coalition has backed the internationally-recognised Yemeni government against the Houthis, after the group took over Sanaa in 2015.

Iran-backed Hezbollah, which aids the Houthis, has expressed support for Mr Kordahi.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

'Tell the Machine Goodnight' by Katie Williams 
Penguin Randomhouse

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COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
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Origin
Dan Brown
Doubleday

While you're here

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Updated: November 02, 2021, 5:45 PM