Saudi-led coalition thwarts Houthi rebel attack on oil tankers


Ismaeel Naar
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The Saudi-led military coalition fighting in Yemen destroyed two explosive-laden boats on Wednesday which Iran-backed Houthi rebels planned to use in attacks on oil tankers in the Red Sea, according to a statement.

The two explosive-laden boats were being prepared by the Houthis in Hodeidah to attack oil tankers in the Bab Al Mandeb Strait, according to the coalition.

“The Houthi militia is escalating its hostile attacks to target energy sources and the nerve of the global economy.

The coalition also released aerial drone footage showing it targeting the two boats in the Red Sea.

Saudi Arabia said on Monday it will not bear any responsibility for global supply shortages after recent attacks by the Houthis.

The Houthis launched a barrage of attacks earlier on Sunday on several Saudi oil facilities in the kingdom. Among the targets was a petrochemicals complex in Yanbu on the Red Sea coast, which Saudi officials said led to a disruption of production for the world’s biggest oil exporter.

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Updated: March 27, 2022, 10:15 AM