Iran is being accused of training newly recruited Shiite fighters, known as Houthis, in their embassy in Yemen.  Hani Mohammed / AP
Iran is being accused of training newly recruited Shiite fighters, known as Houthis, in their embassy in Yemen. Hani Mohammed / AP

Iran embassy in Yemen transformed into rebel training grounds



Iran has transformed its embassy in Yemen into a military base, the country's Ministry of Foreign Affairs said on Thursday.

The ministry condemned the move saying that Iran’s interference had become the main source of instability in the Arab world’s poorest nation.

“Iran has made its embassy into a military facility and training grounds for the rebel militias. Iranian military consultants hold meetings in the building with rebel groups,” said a statement issued by the Ministry of Foreign Affairs.

According to local media reports, the embassy is being used as a weapons cache and meeting grounds for Iranian military training consultants.

The internationally-recognised government of Abdrabu Mansur Hadi, supported by the Arab Coalition, issued a statement reminding Iran of Yemen's demand that Tehran end its diplomatic presence in the country.

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Read more:

Yemeni army recaptures city of Midi from Houthi rebels

Saudi intercepts a Houthi missile over Riyadh

Yemen's UN envoy meets with Houthi delegation in Muscat

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The United States condemned an attack by Houthi militias targeting an airport in the southwestern city of Abha on Wednesday.

"The Houthis’ continued attacks on Saudi population centres calls into question their commitment to helping shape a peaceful, prosperous, and secure future for Yemen,” said Heather Nauert, the US Department of State Spokesperson.

The missiles were fired just hours after President Donald Trump suggested the US would strike Syrian President Bashar Al Assad, whose forces are backed by Russia and Iran, over a suspected chemical weapons attack.

Saudi forces were able to intercept the two drones launched by the Houthis. The rebels said the attack was directed at the Saudi defence ministry.

The Department of State said the Houthi attacks on Saudi population centres were “fuelled by the Iranian regime’s dangerous proliferation of weapons and destabilising activities in the region.”

“It’s hard to see the timing of the latest Houthi strike on Saudi Arabia as purely coincidental,” said Hani Sabra, founder of Advisory, a New York-based consultancy.

The attack is probably an Iranian message to embarrass Saudi Crown Prince Mohammed bin Salman, who is wrapping up a foreign tour to world capitals and has repeatedly accused Iran of seeking to destabilise the kingdom, he said.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Company%20profile
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The biog

Favourite book: Animal Farm by George Orwell

Favourite music: Classical

Hobbies: Reading and writing

 

Company%20Profile
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Company%20Profile
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Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4