Yemen Financial News

Galaxy Leader, was hijacked on Sunday in the southern Red Sea by Yemen’s Houthi rebels, reported AP. The vessel en route from Turkey to India is believed to be having 25 people on board. Houthi rebels, who control northern Yemen and its Red Sea coast, said the vessel was Israeli.

Yemen's Iran-backed Houthi rebels have seized an Israeli-linked ship in a crucial Red Sea shipping route and taken the 25-member crew hostage

Iran denied Israeli claims that it was involved in the seizure of a British-owned and Japanese-operated cargo ship in the southern Red Sea by Yemen's Houthis, Foreign Ministry Spokesperson Nasser Kanaani said on Monday at a press conference. On Sunday, Israel said the incident was an «Iranian act of terrorism» with consequences for international maritime security. The Houthis, an ally of Tehran, have been launching long-range missile and drone salvoes at Israel in solidarity with the Palestinian Hamas militants fighting in the Gaza Strip.

Israel said on Sunday that Yemen's Houthis had seized a British-owned and Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security. The Houthis, an ally of Tehran, have been launching long-range missile and drone salvoes at Israel in solidarity with the Palestinian Hamas militants it has been battling in the Gaza Strip since Oct 7. Last week, the Houthi leader said his forces would make further attacks on Israel and they could target Israeli ships in the Red Sea and the Bab al-Mandeb Strait. There was no immediate comment from the Houthis on Sunday. Israeli Prime Minister Benjamin Netanyahu's office said a ship — which it did not name — had been seized, and stressed that Israel was not involved in its ownership, operation or the make-up of its international crew. «There were no Israelis on the ship,» it said. «This is another Iranian act of terrorism that represents an escalation in Iran's belligerence against the citizens of the free world, with concomitant international ramifications vis-a-vis the security of global shipping routes.» The Israeli military said in an earlier statement the ship seizure took place in the Red Sea.

Also Read: India hopeful of ‘positive outcome’: MEA on appeal to free ex-navy men in Qatar Her last hope is her mother, who is trying hard to seek approval to travel to Yemen and negotiate with the victim's family members by paying blood money. Also read: India granted second consular access to former Navy officers sentenced to death in Qatar While hearing the writ petition filed by Nimisha's mother seeking permission to travel to Yemen, the Delhi High Court was told by the centre that the Supreme Court in Yemen, on November 13, had dismissed the appeal of a Malayali nurse against the death sentence. Nimisha's mother is fighting hard to save her daughter and bring her back to India.

Yemen have chanted slogans at their mass rallies calling for the destruction of Israel. But they never acted on it until the Israel-Hamas war began on Oct. 7. Since then, the Iran-backed Shiite Muslim force has launched at least six drone and missile attacks toward southern Israel, causing little to no damage.

India has signed contracts to export about 500,000 metric tons of new season basmati rice to cash in on robust demand from top buyers in Europe and the Middle East, traders said on Wednesday. India annually exports more than 4 million tons of basmati — a premium long-grain variety famed for its aroma — to Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates and the United States, among others. Europe is another big market for the rice. After imposing a ban on non-basmati white rice exports in June to stabilize domestic prices, India set a floor price, or minimum export price (MEP), of $1,200 a ton for overseas sales of basmati in August. However, as the floor price hampered exports of the premium variety and saddled farmers with large stocks of new-season rice, the government last month cut the floor price for basmati exports to $950 per ton. Trade came to a standstill after the August decision, but the lowering of the floor price has breathed new life into basmati rice trade, the traders said. «There's been a great deal of interest in India's new basmati rice crop and so far we have signed export contracts for around 500,000 tonnes,» said Prem Garg, president of the Indian Rice Exporters Federation. «Normally we start getting orders for the new crop in September and October but the MEP of $1,200 a metric ton made it difficult for us to sign any deals,» he said. Indian traders have signed basmati export deals between $1,000 and $1,500 a metric ton, two exporters including Garg said. Turkey, Iraq and Saudi Arabia are top buyers of the rice so far this year, aid Vijay Setia, a leading exporter from Haryana, a top basmati rice producing state in the north. «Despite the MEP of $950 a metric ton, it looks like

Internet access across the war-torn nation of Yemen collapsed Friday and stayed down for hours, with officials later blaming unannounced “maintenance work” for the outage

Hamas-run health ministry, the death toll in Gaza has surpassed 10,500 people, mainly civilians and thousands of them children. Justifying Israel's intense bombardment of Gaza as necessary to root out Hamas "terrorism", the foreign minister said, "This is not just the war of the state of Israel.

fire. But administration officials have made clear, in a series of leaks, that they doubt Israel has a coherent exit strategy in Gaza. They complain that Mr Netanyahu is barely willing to discuss the topic, and say they want to put their concerns on the record now lest the war end badly.

step back from immediate escalation. Yet amid the bloody struggle in Gaza between Israel and Hamas, a broader and potentially more dangerous rivalry with Iran is growing. Having abandoned the Trump-era approach of “maximum pressure" on Iran, in recent months the Biden administration had sought quietly to reduce tensions.

Israel-Gaza war Day 29: Benjamin Netanyahu opposes ceasefire unless Hamas frees all hostages. Top-10 updates "I would note that despite the large crowds, Nasrallah himself was not on stage. He was hiding in a bunker like a coward.

Iran said on Tuesday it was «natural» for Tehran-backed groups to attack Israel in light of its war on Hamas, warning of a wider spillover if no ceasefire is reached. The remarks were made by Iran's top diplomat Hossein Amir-Abdollahian in Qatar's capital Doha where he met with Emir Sheikh Tamim bin Hamad Al-Thani and his Qatari counterpart to discuss a push for a diplomatic breakthrough. «It is natural that the resistance groups and movements do not remain silent against all these crimes» committed by Israel, Amir-Abdollahian said in remarks relayed by Iran's foreign ministry. «They will not wait for anyone's advice, therefore we need to use the last political opportunities to stop the war,» he said after talks with Sheikh Tamim, warning the situation could «get out of control». Israel launched its assault in response to an unprecedented attack by Hamas on October 7 when its militants poured across the Gaza border, killing more than 1,400 people, mostly civilians, and taking more than 230 hostages, according to Israeli authorities.

Hanegbi said in a televised briefing on Tuesday there was «no deal in sight» for the release of hostages held in Gaza as Israel continues its ground invasion of the enclave. Hanegbi said attacks against Israel by the Houthi militant group in Yemen were «intolerable» but declined to elaborate when asked what an Israeli response might be. He said Egyptian hospitals should serve as an alternative for treating Gaza casualties, with hospitals in the enclave under pressure and suffering power cuts, but said Israel understood Egypt's concern about an influx of Palestinian refugees. Hanegbi said the Israeli military's focus was on fighting Hamas militants in northern Gaza, but that it would shift to the southern part of the strip at a later stage.

Check all the LIVE updates here“Hamas is a part of the axis of evil Iran has formed, an axis of terror that works by arming, training and financing Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen and other terror proxies throughout the Middle East and beyond the Middle East," said Benjamin Netanyahu. Israel Prime Minister Benjamin Netanyahu said, “The horrors that Hamas perpetrated on October 7, remind us that we will not realize the promise of a better future unless we, the civilized world, are willing to fight the barbarians because the barbarians are willing to fight us...This is a turning point, a turning point for leaders and nations. It is time for all of us to decide if we are willing to fight for a future of hope and promise or surrender to tyranny and terror.

Donald Trump pledged to restore the “travel ban" that targeted seven Muslim-majority countries, if he is re-elected to the White House next year. “You remember the travel ban? On day one I will restore our travel ban," Donald Trump said on October 28, while addressing a Republican Jewish Convention in Las Vegas. Donald Trump was referring to the 2017 order issued by his administration, that imposed a blanket ban on the entry of travellers from Iran, Libya, Somalia, Syria, Yemen, Iraq and Sudan.

Trump used a speech to a Republican Jewish convention Saturday to promise reimposition of a controversial travel ban that targeted a slew of mostly Muslim countries if he gets re-elected. «We will keep radical Islamic terrorists the hell out of our country,» Trump told the audience attending the annual summit of the Republican Jewish Coalition. «You remember the travel ban? On day one I will restore our travel ban.» At the start of his presidency in 2017, Trump imposed sweeping restrictions on the entry of travelers from Iran, Libya, Somalia, Syria, Yemen and, initially, Iraq and Sudan.

Israel’s war with Hamas may become a wider Middle East conflagration are flashing ominously. America has sent a second carrier strike group led by the USS Eisenhower to the Persian Gulf. “There’s a likelihood of escalation," said Antony Blinken, the American secretary of state, on October 22nd.

basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to $950 per metric ton from $1,200 a metric ton, said the sources, who did not wish to be named because the decision has not been made public. India imposed a $1,200 per ton MEP on basmati rice shipments in August to keep a lid on local prices ahead of key state elections.

Track the latest updates on Israel-Hamas war Syria, under Bashar al-Assad's rule since 2000, has held differing views on Hezbollah. While the Syrian leadership adheres to the Alewite sect, Hezbollah adheres to hardline Shia school of thought, and envisages a theocratic state on the lines of post-1979 Iran. The Assad-Hezbollah relations, however, turned strong in the aftermath of the Syrian civil war in 2011, as the militant group sided with Iran and Russia to back the embattled Syrian president.

Cyclone Tej updates: The deep depression formed over the Bay of Bengal may intensify into a cyclone by Monday evening, the India Meteorological Department (IMD) has said in a bulletin. The cyclonic storm, after its formation, will be called 'Hamoon', a name given by Iran. Cyclone Tej was named by India and and features in the list of storm names adopted by the WMO/ESCAP panel in April 2020.