Armed Yemeni tribesmen from the Awlaki tribe, the largest clan in Yemen's southern Shabwa province, gather on February 19. Yemen’s feuding parties have agreed on a 'people’s transitional council' to help govern the country. AFP Photo
Armed Yemeni tribesmen from the Awlaki tribe, the largest clan in Yemen's southern Shabwa province, gather on February 19. Yemen’s feuding parties have agreed on a 'people’s transitional council' to hShow more

Yemen parties agree on transitional council: UN



SANAA // Yemen’s feuding parties have agreed on a “people’s transitional council” to help govern the country and guide it out of a political crisis, UN mediator Jamal Benomar announced on Friday.

The move follows the takeover of power by the Houthi movement, a Zaydi Shiite Muslim militia, which led to the resignation of the president last month and the paralysis of many of Yemen’s state institutions.

“This progress is not a (final) agreement, but an important breakthrough that paves the way towards a comprehensive agreement,” Mr Benomar said in a statement.

As part of the new formula, Yemen’s old 301-member house of representatives, made up overwhelmingly of MPs from the former ruling party thought to be sympathetic to the Houthis, will stay in place.

Instead of the traditional upper house, a new transitional council — whose numbers were not specified — will consist of traditionally unrepresented sectors among Yemen’s formerly independent South, women and young people.

Together the two bodies will make legislation guiding Yemen’s transition.

Arrangements for the vacated presidency and ministries along with security required further dialogue, Mr Benomar added.

There was no immediate comment by the Houthis or the two main Sunni and socialist opposition parties.

Security in Yemen has been steadily unravelling since the Houthis invaded the capital Sanaa in September and began imposing their writ on the government.

Saudi Arabia along with the United States have both closed their embassies in Sanaa and fear the political vacuum may empower Al Qaeda’s strong affiliate in Yemen and even fuel a full-blown sectarian civil war.

* Reuters

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Six pitfalls to avoid when trading company stocks

Following fashion

Investing is cyclical, buying last year's winners often means holding this year's losers.

Losing your balance

You end up with too much exposure to an individual company or sector that has taken your fancy.

Being over active

If you chop and change your portfolio too often, dealing charges will eat up your gains.

Running your losers

Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.

Selling in a panic

If you sell up when the market drops, you have locked yourself out of the recovery.

Timing the market

Even the best investor in the world cannot consistently call market movements.

The%20specs
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

COMPANY%20PROFILE
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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Kanye%20West
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DMZ facts
  • The DMZ was created as a buffer after the 1950-53 Korean War.
  • It runs 248 kilometers across the Korean Peninsula and is 4km wide.
  • The zone is jointly overseen by the US-led United Nations Command and North Korea.
  • It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
  • Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
  • Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
  • Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012. 
  • Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
The specs: 2018 Chevrolet Equinox

Price, base / as tested: Dh76,900 / Dh110,900

Engine: 2.0L, turbocharged in-line four-cylinder

Gearbox: Nine-speed automatic

Power: 252hp @ 5,500rpm

Torque: Torque: 352Nm @ 2,500rpm

Fuel economy, combined: 8.5L / 100km