The cargo ship Galaxy Leader, co-owned by an Israeli company, was hijacked by Iran-backed Houthis in the Red Sea on November 20, 2023. Photo: Anadolu
The cargo ship Galaxy Leader, co-owned by an Israeli company, was hijacked by Iran-backed Houthis in the Red Sea on November 20, 2023. Photo: Anadolu
The cargo ship Galaxy Leader, co-owned by an Israeli company, was hijacked by Iran-backed Houthis in the Red Sea on November 20, 2023. Photo: Anadolu
The cargo ship Galaxy Leader, co-owned by an Israeli company, was hijacked by Iran-backed Houthis in the Red Sea on November 20, 2023. Photo: Anadolu

Houthis hit back at UN resolution after major Red Sea attack on US ships


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Yemen's Houthi rebels have warned any US attack on the group will be met with an even greater response, as tensions continued to rise in the Red Sea after the UN adopted a resolution condemning attacks on shipping by the Iran-backed group.

The group's leader Abdel Malek Al Houthi said any US attack would draw a "bigger" response than the recent missile and drone attack on US forces in the Red Sea.

The Houthis will "fight" any direct confrontation, he added.

Earlier on Thursday, the head of the Houthi supreme revolutionary committee, Mohammed Al Houthi, condemned a UN resolution on navigation in the Red Sea, calling it a "political game", and said the US was the country breaking international law.

The UN Security Council on Wednesday adopted Resolution 2722 condemning about 30 attacks on ships in the vital international waterway, demanding an immediate halt to attacks on commercial vessels.

Germany's Kiel Institute for the World Economy (IfW Kiel Institute) said in a report released on Thursday the attacks so far had led to a 1.3 per cent decline in global trade.

The resolution condemned “in the strongest terms” raids in the Red Sea since November 19, “when the Houthis attacked and seized the Galaxy Leader and its crew”, referencing a Japanese-owned, Israel-linked ship with a multinational crew.

Houthi spokesman Mohammed Abdul Salam condemned the Security Council and wrote on X, formerly Twitter: "Resolution 2722 represents a historic disgrace for an international council concerned, as it claims, with protecting international peace and security".

"We know that the world is governed by the law of the jungle, but after Resolution 2722, the UN Security Council is enshrining the law of the jungle and calling it international legitimacy, ignoring humanitarian laws," he said.

He said the Houthis posed no threat to international navigation in the Red Sea and the resolution was the result of "American deception and well-known western lies".

"The UN Security Council must restore its primary function of protecting oppressed peoples," rather than remain "a platform for America and its destructive projects", he said.

In a separate post, Mr Al Houthi said on X that what he called the “Yemeni armed forces” were acting “within the framework of legitimate defence and that any action they face will have a reaction”.

“We call on the Security Council to immediately release 2.3 million people from the Israeli-American siege in Gaza,” he said.

US considers next steps

The White House said on Wednesday attacks by Houthi militants are “escalatory” and that the US will consult with its partners about the next steps if these attacks continue.

Mr Al Houthi's remarks put the group on a potential collision course with the US and allies who are part of a naval task force conducting Operation Prosperity Guardian, formed on December 18 to protect shipping from the Houthis.

On Wednesday, the Houthis launched 18 drones and four missiles at US forces in the Red Sea, all of which were shot down by the US ships and supporting F-18 Super Hornet aircraft, as well as a British warship.

US Secretary of State Antony Blinken on Wednesday said the Houthi attacks could not continue or “there will be consequences”, hinting at a possible US direct attack on Houthi targets in Yemen, which happened briefly in 2016 after a Houthi attack on a US warship.

Western rhetoric has also blamed Iran for funding and arming the Houthis, as well as encouraging their actions.

US ambassador Linda Thomas-Greenfield told the Security Council on Wednesday that “Iran also has a choice: to continue providing or withhold its support for the Houthis, without which the Houthis would struggle to effectively track and strike vessels through the Red Sea and the Gulf of Aden”.

US Secretary of State Antony Blinken talks to Assistant Secretary of State for Near Eastern Affairs Barbara Leaf. second left, and spokesman Matthew Miller, right, aboard a plane after he departed from Manama for Tel Aviv during his week-long trip across the Middle East. AFP
US Secretary of State Antony Blinken talks to Assistant Secretary of State for Near Eastern Affairs Barbara Leaf. second left, and spokesman Matthew Miller, right, aboard a plane after he departed from Manama for Tel Aviv during his week-long trip across the Middle East. AFP

Costs to shipping

The Red Sea carries about 12 per cent of global trade with an estimated value of $1 trillion per year. Around 20,000 ships transit the sea annually, carrying around 500,000 containers of goods per day. That figure is down to around 200,000, Germany's IfW Kiel Institute said.

But the number of ships passing through the waterway has dropped sharply since the Houthis began attacks on what they claimed were ships with links to Israel. In many cases, the vessels had no connection to Israel and the effect on shipping has been immediate.

Maersk, one of the largest global shipping companies, carrying about 15 per cent of shipping container trade, said earlier this month it was suspending travel through the Red Sea.

Insurance costs for shipping have jumped, ship operators are paying private security companies to protect vessels and crews or in many cases, are taking a longer route that avoids the Red Sea altogether, taking a 35-day trip around South Africa's Cape of Good Hope, instead of a 25-day journey through the Red Sea, and Suez Canal.

The Houthis have also attacked US warships, firing anti-ship ballistic missiles, anti-ship cruise missiles and volleys of explosive drones at coalition naval vessels in the Red Sea.

In December, US forces took the first direct action against Houthis since 2016, destroying three of their boats that attacked the Maersk Hangzhou, after the boats also fired on a US helicopter. Ten Houthis were killed, in an incident in which armed guards on the commercial ship clashed with the militias after it was struck with an anti-ship ballistic missile.

The Houthis however, are not backing down.

Mr Al Houthi on Thursday demanded that Israel “immediately stop all attacks that hinder life and its continuity in Gaza and undermine rights, freedoms, and regional peace and security”.

Sanchez's club career

2005-2006: Cobreloa

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2006-2007 Colo-Colo (on loan)

2007-2008 River Plate (on loan)

2011-2014 Barcelona

2014–Present Arsenal

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MATCH INFO

Everton 2 Southampton 1
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Man of the match: Theo Walcott (Everton)

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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The Indoor Cricket World Cup

When: September 16-23

Where: Insportz, Dubai

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

Ticket prices
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Race 3

Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars

UAE currency: the story behind the money in your pockets
Key 2013/14 UAE Motorsport dates

October 4: Round One of Rotax Max Challenge, Al Ain (karting)

October 1: 1 Round One of the inaugural UAE Desert Championship (rally)

November 1-3: Abu Dhabi Grand Prix (Formula One)

November 28-30: Dubai International Rally

January 9-11: 24Hrs of Dubai (Touring Cars / Endurance)

March 21: Round 11 of Rotax Max Challenge, Muscat, Oman (karting)

April 4-10: Abu Dhabi Desert Challenge (Endurance)

Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy

Specs – Taycan 4S
Engine: Electric

Transmission: 2-speed auto

Power: 571bhp

Torque: 650Nm

Price: Dh431,800

Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor

Transmission: 2-speed auto

Power: 455bhp

Torque: 700Nm

Price: from Dh431,800

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Charlotte Gainsbourg

Rest

(Because Music)

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Updated: January 11, 2024, 4:03 PM