County Gulf Financial News

A suspected attack by Yemen’s Houthi rebels on a ship in the Gulf of Aden caused “fatalities” Wednesday

The Indian Navy on Tuesday said it “swiftly” responded in assisting a Liberian-flagged commercial vessel after it came under a drone strike in the Gulf of Aden.

Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels

India-Oman strategic partnership close on the heels of Sultan Haitham bin Tarik’s India trip, deputy national security adviser Vikram Misri visited Muscat to explore collaboration in different sectors including possible defence exports to the sultanate. During Misri’s visit, discussions were held on strategic, military and security cooperation including defence exports, and maintenance of Oman’s ports apart from cooperation in disaster management, oceanography and artificial intelligence, ET has learnt. The deputy NSA also met Gen Sultan bin Mohammed Al Nomani, minister of the Royal Office in Oman and a key figure in the country’s decision-making process. The two sides also gave a push to a bilateral trade deal which could be concluded in a record time.

Article 370 Box Office Collection Day 5: Article 370, Yami Gautam's latest movie, has been doing consistent business at the box office since its release. After having passed the Monday test and earned ₹3.25 crore net on February 27, the Bollywood movie earned ₹3.25 crore net on Tuesday as well. The movie was released on February 23 and collected ₹5.9 crore net in India.

By Arathy Somasekhar and Andrew Hayley

Article 370 Box Office Collection Day 4: Yami Gautam's new Bollywood movie, Article 370, managed to pass the Monday test and earned ₹3.25 crore net at the box office. The movie, directed by Aditya Suhas Jambhale and produced by Jio Studios and B62 Studios, has received positive responses from critics and audiences alike. The movie opened on February 23 with ₹5.9 crore net collections.

was attacked on Feb. 18 while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, U.S. Central Command said.

Indian warship provided critical assistance to a merchant vessel after it caught fire following a suspected drone or missile attack in the Gulf of Aden, the latest in a series of such support missions in the region. Palau-flagged vessel MV Islander came under attack on Thursday and a crew member of the ship sustained injuries, Indian military officials said on Saturday. An explosive ordnance disposal team of the Navy embarked the vessel and sanitised it for any residual risk following which the vessel was cleared for onward transit, they said. The fresh incident comes amid growing global concerns over attacks on various commercial vessels in the Red Sea by Houthi militants.

Israel's war on Hamas in the Gaza Strip. But the Houthis' targets have grown more random since their attacks began in November, endangering a vital waterway for cargo and energy shipments traveling from Asia and the Middle East onward to Europe. The attack Thursday in the Gulf of Aden saw two missiles fired at a Palau-flagged cargo ship named Islander, the U.S.

Yemen’s Houthi rebels have launched attacks on both Israel and a ship traveling through the Gulf of Aden

By Paul Carsten

Oil prices were little changed in early Asian trading on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand. Brent futures ticked down 8 cents to $83.48 a barrel by 0133 GMT. U.S. West Texas Intermediate (WTI) crude for April delivery inched down 10 cents to $78.36 a barrel. The March WTI contract rose 26 cents to $79.45 a barrel as traders prepared for that contract to expire during the day.

By Natalie Grover

A missile attack by Yemen’s Houthi rebels damaged a Belize-flagged ship traveling through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, forcing the crew to abandon the ship

Hamas. PM Modi met with UAE leader Sheikh Mohammed bin Zayed Al Nahyan on Tuesday in Abu Dhabi, where the war and conflict in the Red Sea featured heavily in discussions, according to India’s Foreign Secretary Vinay Kwatra. Both leaders agreed, though, to take the first step to operationalize part of the ambitious India-Middle East-Europe Economic Corridor, or IMEC, he said.

Chinese ‘Dragon Mart’ facility. It will serve as a warehousing facility for Indian MSMEs to trade in Dubai and work as a unified platform for Indian exporters to showcase their products in the Gulf nation. Like Dragon Mart, India's Bharat Mart is still in the conceptual stages and will be visually launched.

The release of eight former Indian Navy personnel from Qatar, who had previously faced the death penalty on espionage charges, is a significant triumph for India's diplomatic efforts in West Asia. This development comes just days before Prime Minister Narendra Modi's visit to the United Arab Emirates and then his subsequent travel to Doha, Qatar, and underscores the strengthening economic and strategic relationships between India and the Gulf nations in recent years.

Narendra Modi received a warm welcome outside his hotel in Abu Dhabi on Tuesday after he arrived in the Gulf country to inaugurate the first Hindu temple in the United Arab Emirates' capital city and participate in the World Government Summit. Members of the Indian diaspora in Abu Dhabi lined up outside the hotel where the Indian prime minister was scheduled to stay and raised slogans of 'Modi-Modi, Modi Hai to Mumkin Hai and Bharat Mata ki Jai' as PM Modi arrived there. The Indian prime minister also warmly greeted the passionate Indian diaspora with namastes and shook hands with some of the members.

It’s a beloved Carnival season tradition in New Orleans — masked riders on lavish floats fling strings of beads or other trinkets to parade watchers

By Valentine Hilaire