This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Vessel reports missile attack off Yemen’s coast: security firms

  • The incident occurred before 0400 local time (0100 GMT) in an area where Houthi rebels have repeatedly targeted Red Sea shipping in recent months, UKMTO said
  • Houthis' attacks prompted some shipping companies to detour around southern Africa to avoid Red Sea, a vital route that normally carries about 12 percent of global maritime trade

Dubai, United Arab Emirates– A vessel reported coming under a missile attack off Yemen’s southern coast on Monday while transiting the strategic Bab al-Mandeb strait, security agencies said.

The incident occurred before 0400 local time (0100 GMT) in an area where Houthi rebels have repeatedly targeted Red Sea shipping in recent months, the United Kingdom Maritime Trade Operations (UKMTO) agency said in a report.

“The crew are reported safe and the vessel is proceeding to next port of call,” UKMTO said.

Another security firm, Ambrey, said the Marshall Islands-flagged, Greece-owned bulk carrier “was targeted by missiles in two separate incidents” within 20 minutes and “was reportedly hit and sustained physical damage on the starboard side”.

The vessel had a private armed security team on board, Ambrey said.

The Houthis, part of the anti-Western, anti-Israel “axis of resistance” of Iran-backed groups, have been targeting Red Sea shipping vessels for months, triggering US and British reprisal attacks.

The rebels say the attacks are intended to show solidarity with Palestinians in Gaza, which has been ravaged by the Israel-Hamas war since October.

The group owner and operator of the bulk carrier targeted on Monday regularly trades cargo with Iran, “so this was assessed to be the likely destination”, Ambrey said.

“The group owner of the bulker was also listed on the US stock market index NASDAQ, which was identified as the likely reason for the attack,” it said.

The Houthis’ attacks have prompted some shipping companies to detour around southern Africa to avoid the Red Sea, a vital route that normally carries about 12 percent of global maritime trade.