How Aden looked in May following clashes between pro-government fighters and the Houthis. Now, the Emirates Red Crescent is helping to restore basic services to the war-ravaged Yemeni city. Stringer/Reuters
How Aden looked in May following clashes between pro-government fighters and the Houthis. Now, the Emirates Red Crescent is helping to restore basic services to the war-ravaged Yemeni city. Stringer/RShow more

Emirates Red Crescent brings Aden’s infrastructure back to life



ADEN // The Emirates Red Crescent has rebuilt 64 schools in the war-ravaged Yemeni province of Aden, along with health, sewage, water and electricity facilities.

Another 20 schools are still in the process of being rebuilt, while the organisation expects to sign contracts to begin work on 26 others in the next three days, the ERC's Aden representative, Brigadier General Abdullah Al Dhaheri, told The National on Saturday.

He said it would cost the ERC Dh26.3 million to rebuild these 26 schools.

In total, 154 schools in Aden were damaged or completely destroyed in four months of heavy fighting between pro-government forces and Houthi rebels that began in March.

Brig Gen Al Dhaheri said the 44 remaining damaged schools were still housing displaced residents and so rebuilding work could not begin until they were able to leave.

The southern province was liberated by pro-government forces backed by the Saudi Arabia-led coalition in July. Since then, the ERC has led efforts to rebuild Aden’s severely damaged infrastructure.

The ERC is also working to rebuild the Republican Palace in Aden city, which was the home of Yemeni president Abdrabu Mansur Hadi before he was forced to flee the country when fighting broke out in the province March. The palace was damaged during Houthi and coalition air strikes in the early stages of the conflict.

Meanwhile, Brig Gen Al Dhaheri said the ERC has provided Aden’s cleaning office with four cars and several trucks, and would be sending them another 160 cars, 1,600 trucks and four lorries in the next two weeks.

The organisation has also paid six months’ worth of salaries to employees of Aden’s water office, and provided the body with 45 water pumps at a cost of Dh22.7m, he said. This enabled the office to restore the water supply to all residents in August.

A one-megawatt electricity generator and 14 small generators provided by the ERC have also helped to restore electricity to the entire province, Brig Gen Al Dhaheri said, adding that this was just a temporary measure until the organisation could repair Aden’s electricity grid.

Outside of Aden, the ERC has also distributed 420-megawatt generators to Lahj, Dalea and Abyan provinces.

Republic Hospital, the main hospital in Aden city, has been rebuilt by the ERC at a cost of Dh1.3m, Brig Gen Al Dhaheri said, while the organisation has also rebuilt 30 pharmacies across the province at a cost of Dh337,000, along with nine clinics, costing Dh2m.

However, Brig Gen Al Dhaheri said the most important health facility rebuilt by his organisation was a kidney dialysis centre, which serves 460 patients, some of whom had been forced to leave Aden for treatment.

The ERC has also rebuilt specialist units at hospitals across the city, including a cancer centre, a prosthetics centre and two maternity centres.

In addition to this rebuilding work, the ERC has also distributed a total of 130,096 food baskets containing wheat, rice, milk and cooking oil in Aden, Lahj, Abyan, Shabwah and Taez provinces.

Esam Al Shaeri, undersecretary of the Aden-based Sah Foundation for Defending Rights and Freedoms, said that as a result of the ERC’s work in Aden, the province’s residents now considered the UAE to be their second country.

“The Emirates not only participated in the liberation of Aden, it is also the only country that worked hard to resume regular life in Aden city by rebuilding the schools and hospitals, and providing the institutions with different kinds of support,” he said.

Mr Al Shaeri added that he hoped the UAE would also rebuild the damaged and destroyed homes of Aden’s residents.

Meanwhile, at least 11 Houthis and eight pro-government fighters were killed in coalition air strikes and clashes in Yemen’s south on Friday, military sources said.

The night-time air strikes targeted two rebel vehicles on a road linking the central province of Ibb to Dalea further south, they said, while pro-government forces clashed with the Houthis and allied renegade army units on the outskirts of Damt, Dalea’s second-largest city.

In Saudi Arabia, woman and her three-month-old baby were killed in the southern city of Najran on Friday when a shell fired from Yemen hit their home, the UAE state news agency Wam reported on Saturday.

foreign.desk@thenational.ae

* With additional reporting by Agence France-Presse

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Name: Almnssa
Started: August 2020
Founder: Areej Selmi
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Sectors: Internet, e-commerce
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Tales of Yusuf Tadros

Adel Esmat (translated by Mandy McClure)

Hoopoe

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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.

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8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding
How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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UAE's role in anti-extremism recognised

General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.

He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.

"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.

He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.

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