Search Site

Trends banner

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

US destroys Houthi missiles, drones in new Yemen strike

Houthi military spokesman Brigadier Yahya Saree delivers a statement during a rally in Sanaa in solidarity with Palestinians on March 15, 2024 . AFP
  • Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel's war against Palestinians in Gaza
  • The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against the ships have not been deterred

Washington, United States – The US military said it destroyed seven missiles and three drones Monday in areas of Yemen controlled by Houthi rebels that presented threats to merchant ships and US Navy vessels.

Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel’s war against Palestinians in Gaza.

United States Central Command forces operated “in self-defense” when they engaged and destroyed the anti-ship missiles and unmanned aerial vehicles, as well as three weapons storage containers in Houthi-controlled areas, CENTCOM said in a statement posted on X, the former Twitter.

“It was determined these weapons presented an imminent threat to merchant vessels and US Navy ships in the region. These actions are taken to protect freedom of navigation and make international waters safer and more secure for US Navy and merchant vessels,” CENTCOM said.

The Houthi attacks have sent insurance costs spiralling for vessels plying the key Red Sea trade route and prompted many shipping firms to take the far longer passage around the southern tip of Africa instead.

The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against what the rebels say are Israeli-linked ships have not been deterred.