INSEAD Day 4 - 728x90

Hodeida

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces against Houthi military facilities to degrade their ability to persist with their attacks on international shipping in the Red Sea and Gulf of Aden".
  • Houthi rebels open seized cargo ship to sightseers

    For about a dollar per trip, male-only groups of visitors can board wooden boats five times a week to the hijacked car carrier, which the Houthis hail as a trophy in their fight in solidarity with the Palestinians. On the deck of the Galaxy Leader, none of the visitors interviewed...
  • Rebel parade in sensitive Yemen port city draws UN rebuke

    The rebels' Al-Masirah television channel aired footage of the parade it said involved air and naval forces as well as hundreds of uniformed troops. The parade drew a rebuke from the UN mission deployed to oversee the deal the rebels reached with the government and its Saudi-led supporters in Sweden...
  • UN seeks $80m to avert ‘imminent’ Yemen oil spill

    Yemen's Huthi rebels already agreed a "framework for cooperation" with the United Nations on the issue last month.
  • Yemen truce brings a windfall, two fuel ships dock at a port

    Two fuel ships have entered war-torn Yemen's port of Hodeida, the first shipment in months, the rebels who control the city said Monday, after a UN-brokered truce went into effect.
  • Yemen rebels back UN proposal for abandoned oil tanker

    Yemen's Huthi rebels have signed a UN agreement hoped to help stop a rusting oil tanker in the Red Sea becoming an ecological and humanitarian catastrophe, officials said Monday. The 45-year-old FSO Safer, long used as a floating oil storage platform with 1.1 million barrels of crude on board, has...
  • Yemen pro-government troops capture oil-rich Shabwa

    The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the "liberation of the district of Ain"
  • Saudi-led coalition threatens Yemen’s rebel-held ports

    A Saudi-led military coalition threatened Tuesday to target Yemen's rebel-held ports after Huthi fighters seized a UAE-flagged ship -- unless the vessel is freed. On Monday, the pro-Iran Shiite Huthi rebels based in the key Red Sea port of Hodeida seized the Emirati-flagged Rwabee ship claiming it contained military materials....