A US fighter jet takes off from the USS Dwight Eisenhower in the Red Sea on January 22. American forces have carried out 12 strikes on Houthi positions in Yemen. EPA
A US fighter jet takes off from the USS Dwight Eisenhower in the Red Sea on January 22. American forces have carried out 12 strikes on Houthi positions in Yemen. EPA
A US fighter jet takes off from the USS Dwight Eisenhower in the Red Sea on January 22. American forces have carried out 12 strikes on Houthi positions in Yemen. EPA
A US fighter jet takes off from the USS Dwight Eisenhower in the Red Sea on January 22. American forces have carried out 12 strikes on Houthi positions in Yemen. EPA

US strikes 10 Houthi drones in Yemen as militia claims new merchant ship attack in Red Sea


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Ten Houthi drones being prepared to launch towards ships in the Red Sea were hit overnight by US air strikes, an operation later confirmed by Centcom, the US headquarters in the Middle East.

The Iran-backed group claimed on Thursday to have struck another commercial ship with a missile.

UK maritime security company Ambrey said a vessel reported an explosion south of Aden, but offered no further details, while a Houthi spokesman said "a number of appropriate missiles", had been fired at the KOI, which had been struck.

The Houthis said the KOI was an American vessel en route to ports in "occupied Palestine", although shipping data on the vessel, analysed by energy analyst Noam Raydan, said the ship followed a set path between several ports in South Asia, the Middle East and Europe, but not Israel.

The US meanwhile continued what it called "defensive" raids against Houthi missile positions.

“A senior defence official in Bahrain just told us that 10 minutes ago the F-18 Super Hornets bombed 10 unmanned drones in western Yemen that were preparing to launch,” a CBS News reporter wrote on X.

Centcom said its forces "struck and destroyed a Houthi surface-to-air missile prepared to launch".

"US forces identified the missile in Houthi-controlled areas of Yemen and determined that it presented an imminent threat to US aircraft," it said.

Al Masirah, a Yemeni news outlet operated by the Houthis, reported an “American-British aggression [against] targets” in the city of Hodeidah. Fox News reported that the strike was unilateral.

It was the 12th strike carried out by the US against the Houthis, who have been attacking commercial shipping routes in the Red Sea. It comes on the same day that US Central Command reported American forces struck a “Houthi surface-to-air missile prepared to launch”.

The Houthis, who are allied with Hamas, began to increase their attacks on vessels in the Red Sea in October, when Israel began its war in Gaza.

Many shipping companies have rerouted their ships away from the region due to the attacks. The waterway typically carries more than 10 per cent of global trade.

In December, the US announced the formation of Operation Prosperity Guardian, an international task force aimed at protecting vessels sailing in the Red Sea.

US and Houthi clashes timeline

January 11: The US and Britain launch the first air strikes on Houthi military sites across Yemen, pledging to protect the freedom of navigation in the Red Sea. They struck radar systems, air defence systems, and storage and launch sites for attack drones, cruise missiles and other rockets, US Central Command said.

January 13: US forces conduct a strike against a Houthi radar site in Yemen. This strike was conducted by the USS Carney using Tomahawk land attack missiles.

January 16: US forces destroy four Houthi missile launchers in Yemen. The launchers were considered to be an imminent threat to commercial and US military vessels in the area.

January 17: US military forces strike 14 Houthi missiles that had been primed to fire on commercial and US naval shipping in the Red Sea, Centcom said.

January 18: US fighter jets conduct a fifth strike on Houthi targets, this time hitting two anti-ship missiles that were being prepared for launch towards the Red Sea.

January 19: US forces conduct three “self-defence strikes” against Houthi targets.

January 20: US forces carry out air strikes on a Houthi anti-ship missile ready to be used against commercial vessels and US Navy ships in the Gulf of Aden.

January 22: US and Britain strike eight Houthi targets in Yemen.

January 24: Centcom conduct strikes against two Houthi anti-ship missiles that were aimed into the Southern Red Sea and were prepared to launch from Yemen.

January 27: Centcom strikes a Houthi anti-ship missile aimed into the Red Sea.

January 31: Centcom strikes a Houthi surface-to-air missile prepared for launch.

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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UAE currency: the story behind the money in your pockets
Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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Rating: 3/5

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Simon Goddard
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Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

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Jota (2', 32')
Thiago (37')
Van Dijk (52')

Man of the match: Diogo Jota (Liverpool)

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Updated: February 01, 2024, 8:00 AM