x Abu Dhabi, UAEFriday 21 July 2017

Saleh's signature will start to heal Yemen's wounds

Letter writers say that Yemen needs a new beginning with focus on healing wounds and improving education, health and infrastructure. Other topics include figures released by companies, Shakespeare's works.

Yemen's president, Ali Abdullah Saleh, has signed a GCC-backed deal to transition power, but not before costing his country dearly, one reader argues. (Saudi Press Agency)
Yemen's president, Ali Abdullah Saleh, has signed a GCC-backed deal to transition power, but not before costing his country dearly, one reader argues. (Saudi Press Agency)

I refer to your editorial Saleh's visit to Riyadh opens a door to change (November 24).

Even though president Ali Abdullah Saleh's decision was too late, such a move really will help reduce the current tension in Yemen.

It's not only about a transfer of power, but about calming millions of Yemenis who are demanding an end to the current regime. Yemenis can no longer accept the status quo.

Yemen's months of unrest have cost the state millions of dollars and hundreds of lives.

The challenge for the next government will be to bring the influential warring tribes in the country under a common understanding, one that values and respects the individual rights of Yemenis in the long run.

In order to make the power transfer, under which the terms of the GCC deal become a reality, there will need to be third-party monitors to ensure that the suffering of the Yemeni community comes to an end.

And in this regard it is imperative to have a responsible government in Yemen with no further delay, which gives priority to improving the welfare of ordinary people and focuses on the country's ravaged infrastructure, education and health care sectors.

Ramachandran Nair, Oman

Companies must explain their data

The article OSN forces pirates to walk the plank (November 25) mentions a percentage with no references to real data. Some clarification is in order.

Did OSN revenues increase 34 per cent? Did its costs increase or did it achieve any efficiencies? Is its profitability any better? Thirty per cent compared to what time period? One day? One year? Total base?

The questions continue: is it a net increase that counts or is it a gross figure? Does it include commercial subscribers or only residential? Did the company count hotel rooms as subscribers? Are these subscribers signing up to one year subscriptions or three-month trials?

The pay-television industry frequently throws around percentages to hype their own business successes but without really saying much in the process.

R Skaff, Abu Dhabi

Manage debt-to-equity ratios

I agree that the supply of capital is essential for growth and the creation or expansion of businesses - after all it takes money to make money (Guidelines issued for bond sellers, November 22).

However, debt financing is only one side of the coin. What about the other side called equity financing? Most organisations seek to strike a balance between debt and equity and in most cases, debt financing could be the more costly option, especially for the SMEs or micro-enterprises.

It's important for organisations to manage their debt-to-equity ratios and access to the equity market could go a long way in doing this.

It would be great to see more activity on the local stock exchanges and the authorities should embark on a programme to widen and deepen it by encouraging more locally based companies to register.

Similarly, in other emerging markets, governments have created holding companies and vested the shares of profitable state owned companies in it. In doing so they have provided a medium for not only employees but citizens with an opportunity to participate in the profitability of such companies, but just as importantly, opened up access to equity funding.

Randall Mohammed, Dubai

Anonymous must be more informed

Very few people can discuss with objectivity whether William Shakespeare's works were actually written by the 16th-century English nobleman Edward de Vere (Anonymous, November 24). Some of the most learned and sophisticated people lose their critical intelligence and start spouting invectives and insults when the issue comes up.

People should begin to inform themselves about the issue. There are several good books about the life of Edward de Vere and the case for his authorship that address the issue very adequately.

Howard Schumann, Abu Dhabi

Roland Emmerich's storyline, about how the nobleman Edward de Vere hid his identity while telling all on his class and the conflicts and ambitions of power, is pure conjecture. There is ample evidence that Edward de Vere wrote his court plays for the public and caused a sensation in the theatre and London population.

The evidence is there but one must have the integrity to respect truth enough to seek it.

William Ray, Abu Dhabi