INSEAD Day 4 - 728x90

Gulf of Aden

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Houthi television channel Al-Massirah meanwhile said there were air strikes in the Yemeni capital Sanaa and elsewhere in the country on Friday, but the reports could not be independently confirmed, and it was unclear if they were related to the incidents described by CENTCOM.
  • IMF approves US$820m as part of Egypt bailout

    The IMF action, repeatedly postponed and eagerly awaited by the Egyptian government, arrives at a time of mounting difficulties for its economy. The IMF said Egypt has achieved all the objectives set out in the first two stages of the aid program, with the exception of the level of its...
  • Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman

    Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with Egyptian authorities, spokesman Matthew Miller said from the Philippines, where Blinken is touring. -This will be Blinken's sixth trip to the Middle East since the start of the war.
  • US forces ‘destroy’ Houthi anti-ship missiles and drones in Yemen

    Dubai, United Arab Emirates--The US military said Thursday it had destroyed nine anti-ship ballistic missiles and two drones in Yemen after Houthi rebels fired on ships in the Red Sea and Gulf of Aden. US Central Command (CENTCOM) said two missiles fired by the Houthi rebels towards the Red Sea and...
  • Bulk carrier hit by missile from Yemen, crew says three dead

    An anti-ship ballistic missile struck the Barbados-flagged, Liberian-owned M/V True Confidence, after which its crew reported "three fatalities, at least four injuries, of which three are in critical condition, and significant damage to the ship", the US Central Command (CENTCOM) said in a statement.
  • Houthis attack ship listed as ‘Israeli-affiliated’ off Yemen

    Yemen's Houthi rebels, who since November have fired drones and missiles at numerous ships in the Red Sea area vital for world trade, claimed responsibility for the latest incident. They say their campaign is in solidarity with Palestinians in the Gaza Strip where Israel is battling Hamas fighters.
  • US strikes destroy two Houthi missile systems in Yemen

    Washington, US - The United States military confirmed on Thursday its forces conducted multiple strikes against Houthi missile systems as the Yemen-based rebel group prepared to launch attacks that threatened US Navy and merchant ships. Late Wednesday Sanaa time US Central Command forces "conducted self-defense strikes against two Houthi mobile anti-ship...
  • US troops destroy Houthi’s anti-ship missile in Yemen

    US forces struck an anti-ship missile in Houthi-held Yemen that they said was ready to fire, hours after the Iran-backed rebels caused a fire on a British tanker in the Gulf of Aden. US and British forces have launched joint strikes aimed at reducing the Houthis' ability to target vessels...
  • US, Britain launch new joint strikes on Yemen’s Houthis

    American and British forces carried out a first wave of strikes against the rebel group earlier this month, and the United States launched further air raids against missiles that Washington said posed imminent threats to both civilian and military vessels. But the Houthis have vowed to continue their attacks --...
  • Houthis say US ship hit in latest attack, promise safe passage for Russian, Chinese ships

    In its own statement, the US military's Central Command, which is responsible for the Middle East, said the Houthis on Thursday night "launched two anti-ship ballistic missiles at M/V Chem Ranger, a Marshall Island-flagged, US-Owned, Greek-operated tanker".
  • India flexes maritime muscles by boosting Arabian Sea force

    New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New Delhi's "significant" expansion of a muscular maritime force reflecting global ambitions, analysts say. The commandos, deployed this month from an Indian-built warship after an attempted hijacking of a merchant bulk...
  • Spain will not join US-led Red Sea coalition

    The Houthis welcomed Spain's stance, with deputy foreign minister Hussein al-Ezzi saying "we highly appreciate Spain's refusal to be drawn into American and British lies on the issue of maritime navigation". The Iran-backed Houthis have carried out several strikes on Red Sea shipping in what they say is in support...
  • More than 20 countries join coalition to protect Red Sea shipping

    The Iran-backed Houthis have repeatedly targeted vessels in the vital shipping lane with strikes they say are in support of Palestinians in Gaza, where Israel is battling Hamas. The deaths of 20.000 people in Gaza have provoked widespread anger in the Middle East and provided an impetus for attacks by...
  • ‘Shots fired’ at vessel in waters south of Yemen, says British navy body

    Previous attacks have been blamed on Somali pirates but they have fallen in recent years as a result of international security operations. Pirate attacks fell to their lowest level in nearly three decades in 2021, according to the International Maritime Bureau watchdog.