INSEAD Day 4 - 728x90

maritime trade

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 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...
  • US military says struck 3 Houthi underground storage sites in Yemen

    The Houthis began attacking ships in the Gulf of Aden and the Red Sea in November, a campaign they say is intended to signal solidarity with Palestinians in Gaza. They have vowed to target Israeli, British and American ships, as well as vessels heading to Israeli ports, disrupting traffic through...
  • US vows to hold Houthis ‘accountable’ for deadly strike

    The Houthi rebels have been defiantly hitting ships in vital commercial waters in professed solidarity with the Palestinians as Israel pounds Hamas-ruled Gaza in response to the October 7 attack. Asked if the latest attack showed a failure of the US and UK strikes on the Houthis, Miller said, "We...
  • 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 targets Houthi vessels, missiles in latest attack

    Yemen's Houthis have been targeting shipping for months and their attacks have persisted despite repeated US and British strikes aimed at degrading their ability to threaten a vital global trade route. The Houthis began attacking Red Sea shipping in November, saying they were hitting Israel-linked vessels in support of Palestinians ravaged...
  • Missile attack targets ship off Yemen: security agencies

    Friday's strike came as a US decision in January to redesignate the Houthis as "terrorists" formally came into force. The designation would not prohibit "the shipping of commercial goods into ports and airports in Houthi-controlled areas," the State Department spokesperson said.
  • Vessel reports missile attack off Yemen’s coast: security firms

    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 Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iran-backed groups, have been targeting...
  • UN’s IMO working ‘tirelessly’ to solve Red Sea crisis: head

    Yemen's Houthi rebels, supported by Iran, have launched dozens of attacks against ships in the Red Sea since November, targeting boats headed for Israel in an act of "solidarity" with inhabitants of the Gaza Strip, which is in the grip of the war between Israel and Hamas. Despite retaliatory strikes...
  • Shipping giant Maersk’s profit sinks

    The company warned of "uncertainty" due to Houthi attacks.
  • Yemeni Houthis claim missile strike on Israel

    The attack was the latest in a series of drone and missile strikes launched by the Houthis since the start of the Gaza war between Israel and Palestinian fighters group Hamas nearly four months ago. The Houthis have also repeatedly targeted vessels in the Red Sea with strikes they say...
  • Yemen’s Houthis fire missiles at US warship: rebel statement

    The Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iranian-backed groups, have been harassing Red Sea shipping for months, triggering US and British reprisal attacks. The attacks have prompted some shipping companies to detour around southern Africa to avoid the Red Sea, a vital route that normally carries...
  • Yemen’s Houthis claim attack on British oil tanker

    US and British forces have launched two rounds of joint strikes aimed at reducing the Houthis' ability to target vessels transiting the key Red Sea maritime trade route. The attacks by the rebels -- who are part of the anti-Israel have disrupted trade in the Red Sea, which carries around...
  • US strikes two Houthi missiles in Yemen: military

    US and Britain have carried out two rounds of joint strikes aimed at reducing the Houthis' ability to target shipping, while the US has also launched unilateral air raids on the Iran-backed rebels' missiles. Washington is seeking to put diplomatic and financial pressure on the Houthis, redesignating them as a...
  • IS claims deadly attack in Egypt Suez Canal city

    Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt, which has largely been spared the deadly insurgency in the nearby Sinai peninsula.