INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Yemenis protest hardship in govt-controlled south

Saudi coalition hits Yemen capital after drone attack. File photo
  • Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls
  • Yemen's economic woes stem from the seven-year conflict between Huthi rebels and government forces

Demonstrations have hit the streets of several cities in the south of war-torn Yemen in recent days, with hundreds protesting against falling standards of living and spiralling prices.

Subject to the world’s worst humanitarian crisis according to the UN, Yemen’s economic woes stem from the seven-year conflict between Huthi rebels controlling most of the country’s north and government forces holding the south.

Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls.

In Aden, the port city serving as provisional capital since the rebels overran Sanaa in 2014, demonstrators have turned out against high prices, unemployment, a collapsing exchange rate and frequent power cuts.

Authorities “don’t provide any services for us,” local resident Mahmud Saber said.

“The electricity works for one hour and then it’s cut off for six. It’s unjust!”

Another Aden man, Mazen Abdelrauf, asked “why people are being tortured this way”.

Demonstrators blocked roads and burned tyres, engaging police in clashes that left nine injured, according to medical sources.

Protests against extended power cuts and falling living standards also ran into a third day in Mukalla, east of Aden.

“We will be providing 60 megawatts of electricity to Mukalla residents with support from the United Arab Emirates,” the governor of the surrounding Hadramawt region Faraj al-Bahssani told AFP.