INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Greece to join US-led naval coalition against Houthi rebels

Huthis say they are firing missiles and drones on passing container ships in support of Palestinians in the Gaza war. (AFP)
  • A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias
  • As a foremost shipping nation, Greece had a "fundamental interest" in addressing a "massive threat" to global maritime transport, he said

Athens, Greece – Greece will join a US-led naval coalition to protect the Red Sea global shipping lane from Yemen’s Houthi rebels, the defense minister said Thursday.

A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias.

As a foremost shipping nation, Greece had a “fundamental interest” in addressing a “massive threat” to global maritime transport, Dendias said in a televised statement.

The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain.

The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel and Hamas since October 7.

The attacks in waters leading to the Suez Canal, a chokepoint for about 10 percent of global trade, have forced many shipping companies to divert their vessels.