INSEAD Day 4 - 728x90

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.

Yemen’s Huthis take responsibility for attack on Dutch cargo ship

Yemeni men look on as an excavator clears the rubble in front of a damaged building, a day after Israeli strikes hit the Huthi-controlled capital Sanaa, on September 26, 2025. AFP
  • The Iran-backed group, which holds swathes of territory in Yemen including the capital Sanaa, has said the attacks on commercial shipping are in support of Palestinians
  • The cargo ship MV Minervagracht was hit by a projectile on Monday, wounding two people and sparking a fire, its owner said

Sana, Yemen – Yemen’s Huthi rebels claimed responsibility on Wednesday for an attack on a Dutch cargo ship this week in the busy shipping lane of the Gulf of Aden.

The Iran-backed group, which holds swathes of territory in Yemen including the capital Sanaa, has said the attacks on commercial shipping are in support of Palestinians during the Israel-Hamas war in Gaza.

The cargo ship MV Minervagracht was hit by a projectile on Monday, wounding two people and sparking a fire, its owner said.

It was targeted “because its owner company violated the decision to ban entry to the ports of occupied Palestine”, the rebel group said in a statement carried by the Huthi-run Saba news agency.

British maritime security company Ambrey said the ship had previously been targeted on September 23 “while en route to Djibouti.”

The Huthis have also launched frequent missile and drone attacks on Israel, which has retaliated with strikes in Yemen.

Israeli strikes on Sanaa killed at least nine people on Thursday, a day after the rebels launched a drone attack on southern Israel.