The Liberian-flagged bulk carrier Eternity C in Split, Croatia in January 2023. AP
The Liberian-flagged bulk carrier Eternity C in Split, Croatia in January 2023. AP
The Liberian-flagged bulk carrier Eternity C in Split, Croatia in January 2023. AP
The Liberian-flagged bulk carrier Eternity C in Split, Croatia in January 2023. AP

Three crew dead in attack on ship off Yemen as Red Sea crisis reignites


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Three crew members of a Greek-operated bulk carrier have been killed in an attack by sea drones and speedboats off Yemen, an EU mission and a delegation from Liberia told a meeting of the UN shipping agency IMO on Tuesday.

The Eternity C, a Liberia-flagged vessel, was attacked on Monday evening off the coast of Hodeidah, maritime monitors reported. It was the second Red Sea attack in 24 hours after a recent period of relative calm.

The UK Maritime Trade Operations (UKMTO), run by the British Navy, said the ship sustained significant damage and lost propulsion after being hit by five rocket grenades.

It came after Sunday's attack on a Greek-operated ship, when the Magic Seas was hit by gunfire, drones and missiles, also in the Red Sea. Yemen's Houthi rebels claimed responsibility for Sunday's attack.

Previously, the Houthis relied on missiles, single-use drones or occasionally boat-launched rockets. Now, they have wired these elements into a multipronged “swarm” approach, with surface boats, aerial drones, missiles, and firearms all converging on a single target.

There seem to be complaints of no naval backup in the area when the ships were attacked. In the absence of military assets in the Red Sea, private security guards stand between the Houthis and seafarers, said Joshua Hutchinson, managing director of intelligence and risk at maritime security firm Ambrey.

“The attack on the Magic Seas is not a shift in the position of the Houthis. Before the ceasefire announced by the US President in May, and even after it, the position remained that targeting Israel and ships dealing with it will continue,” a Yemeni source in Sanaa told The National.

“Every Israeli aggression against the Palestinian and Yemeni people will be met with direct strikes on Israel by the Houthis. This is the decision now, no matter the consequences,” added the Yemeni source.

On the latest assault, UK-based security firm Ambrey said a "Liberia-flagged bulk carrier was approached and attacked by two skiffs and unmanned aerial vehicles while transiting northbound in the Red Sea".

"Two crew members were reportedly injured and a further two crew members were missing," it had earlier said. The UKMTO initially said it received reports of an incident 94 kilometres west of Hodeidah.

The toll was later updated to three killed, according to the European Union Operation Aspides.

The Liberian-flagged vessel Magic Seas came under attack in the Red Sea on Sunday. AP
The Liberian-flagged vessel Magic Seas came under attack in the Red Sea on Sunday. AP

The Houthis have been attacking Israel and commercial vessels in the Red Sea and Gulf of Aden since the Gaza war broke out in October 2023. But the latest incidents are rare assaults in the strategic waters near Yemen, coming two months after the US announced a truce with the Houthis aimed at halting attacks on ships in the region.

In response, Israel has been carrying out strikes on Yemen. The Yemeni port city of Hodeidah was struck on Sunday night, along with the ports of Ras Isa and Salif and the Ras Kanatib power station, the Houthi-run Al Masirah television channel reported. The Israeli military said it “struck and destroyed terror infrastructure belonging to the Houthi terrorist regime”.

“Among the targets were the ports of Hodeidah, Ras Isa and Salif,” the military said. It was the Israeli army's first attack on Yemen in about a month. The army also hit the Galaxy Leader ship docked at Ras Isa port, which was seized by the Iran-backed Houthis in late 2023.

Ambrey said early on Tuesday it had observed imagery that confirmed damage to concrete docks at Hodeidah following the Israeli strikes.

Additionally, two Barbados-flagged bulk carriers are thought to have suffered blast damage as a result of the attacks, Ambrey said in an advisory note, adding no injuries among the crews had been reported.

A UAE rescue mission brought the 22 crew members to safety.

Company%20profile
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The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The Baghdad Clock

Shahad Al Rawi, Oneworld

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

'Ashkal'
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F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

UAE currency: the story behind the money in your pockets
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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

HOW TO WATCH

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UAE currency: the story behind the money in your pockets
SERIE A FIXTURES

Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)

Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)

Monday Fiorentina v Genoa (11.45pm)

While you're here
Our legal advisor

Rasmi Ragy is a senior counsel at Charles Russell Speechlys, a law firm headquartered in London with offices in Europe, the Middle East and Hong Kong.

Experience: Prosecutor in Egypt with more than 40 years experience across the GCC.

Education: Ain Shams University, Egypt, in 1978.

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UAE%20PREMIERSHIP
%3Cp%3E%3Cstrong%3EFinal%3A%3C%2Fstrong%3E%20Dubai%20Hurricanes%20v%20Jebel%20Ali%20Dragons%0D%3Cbr%3E%0DSaturday%2C%208.15pm%2C%20Al%20Ain%20Amblers%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESemi-final%20results%3C%2Fstrong%3E%0D%3Cbr%3EDubai%20Exiles%2020-26%20Dubai%20Hurricanes%0D%3Cbr%3EDubai%20Tigers%2032-43%20Jebel%20Ali%20Dragons%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETable%3C%2Fstrong%3E%0D%3Cbr%3E1%20Dubai%20Tigers%2C%2033%20points%0D%3Cbr%3E2%20Dubai%20Exiles%2C%2024%20points%0D%3Cbr%3E3%20Dubai%20Hurricanes%2C%2018%20points%0D%3Cbr%3E4%20Jebel%20Ali%20Dragons%2C%2014%20points%0D%3Cbr%3E5%20Abu%20Dhabi%20Harlequins%2C%2014%20points%3C%2Fp%3E%0A
Gremio 1 Pachuca 0

Gremio Everton 95’

Updated: July 14, 2025, 8:21 AM