Europe Condemns Ongoing Houthi Piracy in Red Sea as US Seeks Naval Coalition

 The Galaxy Leader cargo ship, seized by the Houthis offshore of the Al-Salif port on the Red Sea in the province of Hodeidah, Yemen, 05 December 2023 (issued 06 December 2023). (EPA)
The Galaxy Leader cargo ship, seized by the Houthis offshore of the Al-Salif port on the Red Sea in the province of Hodeidah, Yemen, 05 December 2023 (issued 06 December 2023). (EPA)
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Europe Condemns Ongoing Houthi Piracy in Red Sea as US Seeks Naval Coalition

 The Galaxy Leader cargo ship, seized by the Houthis offshore of the Al-Salif port on the Red Sea in the province of Hodeidah, Yemen, 05 December 2023 (issued 06 December 2023). (EPA)
The Galaxy Leader cargo ship, seized by the Houthis offshore of the Al-Salif port on the Red Sea in the province of Hodeidah, Yemen, 05 December 2023 (issued 06 December 2023). (EPA)

The Iran-backed Houthi militias in Yemen fired a ballistic missile Thursday that missed a container ship traveling through the crucial Bab al-Mandeb Strait, the US military said, the latest attack threatening shipping in the crucial maritime chokepoint.

The seaborne assaults by the Houthis have been part of their pressure campaign over the Israel-Hamas war raging in the Gaza Strip.

Yemeni sources said the Houthis are using their piracy in the Red Sea to shirk their responsibilities in working towards peace.

The militias are seeking to drag Yemen towards a new international crisis, they added.

The European Union, meanwhile, expressed its anger at the attacks, warning of their impact on the dire humanitarian situation in Yemen.

In a statement on Thursday, the EU strongly condemned the latest Houthi missile attacks, including the one targeting the Norwegian tanker "Strinda".

"The numerous attacks originating from Houthi-controlled territories in Yemen threaten international navigation and maritime security, in grave contravention of international law," it warned.

Houthi interference with navigational rights and freedoms in the waters around the Arabian Peninsula, particularly the Red Sea is "unacceptable", it went on to say.

"The EU reiterates its call on the Houthis to refrain from further threats and attacks to international shipping lanes and calls for the immediate release of the ‘Galaxy Leader’ vessel and its 25-member crew, illegally seized on November 19 from international waters in the southern Red Sea," it stated.

"The EU appeals on all states to refrain from facilitation or encouragement of the Houthis in their illegal activities," it stressed.

"Attacks on international vessels undermine Yemen’s security, including food security, as most of the country’s food imports transit through the Red Sea," continued the statement.

"The EU also recalls that in this moment, more than ever before, enhanced international and regional cooperation are crucial to counter threats to peace and security in the region, and is coordinating with its partners to that end," it said.

The Houthis have attacked vessels in the Red Sea and launched drones and missiles targeting Israel. In recent days, they have threatened to attack any vessel they believe is either going to or coming from Israel, though several vessels targeted had no apparent link.

The missile fired Thursday splashed harmlessly in the water near the Maersk Gibraltar, a Hong Kong-flagged container ship that had been traveling from Salalah, Oman, to Jeddah, Saudi Arabia, the US military's Central Command said.

The "Maersk Gibraltar was hailed (on the radio) by the Houthis, who threatened further missile attacks," Central Command said. "While this incident did not involve US forces, we continue to closely monitor the situation. These attacks continue to threaten international maritime security."

The British military's United Kingdom Maritime Trade Operations, which monitors Mideast shipping lanes, put out an alert warning of an incident in the strait, which separates East Africa from the Arabian Peninsula.

Later Thursday, a Houthi military spokesman claimed without offering evidence that the militias had hit the Maersk Gibraltar with a drone strike after its crew failed to respond to their call to surrender. The spokesman, Brig. Gen. Yahya Saree, also alleged the vessel had been heading to Israel — again without providing evidence to support the claim.

Maersk, one of the world’s biggest shippers, issued a statement reporting the attack.

"The crew and vessel are reported safe," Maersk said. "The safety of our crew and vessel is our top priority and all possible security measures are being taken to ensure we remove them from harm’s way."

The company added: "The recent attacks on commercial vessels in the Bab al-Mandab Strait are extremely concerning. The current situation puts seafarer lives at risk and is unsustainable for global trade. As it cannot be solved by the global shipping industry on its own, we call on political action to ensure a swift de-escalation."

Earlier in the day, the private intelligence firm Ambrey said the ship had also been called over the radio by "an entity claiming to be the ‘Yemeni Navy’ ahead of the missile being launched towards the vessel."

"The ‘Yemeni Navy’ demanded the vessel alter course to head for Yemen," Ambrey said and assessed the entity to be the Houthis.

The US Special Envoy for Yemen, Tim Lenderking, told Reuters on Thursday that Washington wanted the "broadest possible" maritime coalition to protect ships in the Red Sea and signal to the Houthis that attacks would not be tolerated.

The US aims to expand an existing international naval task force into "an international coalition that is putting some resources into protecting freedom of navigation," Lenderking said in an interview this week during a conference in Doha.

The current task force in the Red Sea and Gulf of Aden, known as Combined Task Force 153, is a 39-country coalition commanded by the vice-admiral of the US Fifth Fleet, based in Bahrain.

"There's a very, very active assessment going on in Washington about what are the steps necessary to get the Houthis to de-escalate," Lenderking said, calling on the group to release the crew of the Galaxy Leader.

Lenderking declined to say which countries or how many more Washington had approached to join the expanded coalition, but said it should be the "broadest possible" coalition.

Iran's Defense Minister Mohammad Reza Ashtiani warned that the proposed multi-national naval force would face "extraordinary problems" and nobody "can make a move in a region where we have predominance".

On Wednesday, two missiles fired from Houthi-held territory missed a commercial tanker loaded with Indian-manufactured jet fuel near the key Bab al-Mandeb Strait. Also near the strait, a missile fired by Houthis on Monday night slammed into a Norwegian-flagged tanker in the Red Sea.

The attacks have driven up the cost of shipping goods through the Red Sea, which the London insurance market now includes among its high risk areas.

Global shipping has increasingly been targeted as the Israel-Hamas war threatens to become a wider regional conflict — even during a brief pause in fighting during which Hamas exchanged hostages for Palestinian prisoners held by Israel. The collapse of the truce and the resumption of a punishing Israeli ground offensive and airstrikes on Gaza have raised the risk of more sea attacks.

The Bab al-Mandeb Strait is only 29 kilometers (18 miles) wide at its narrowest point, limiting traffic to two channels for inbound and outbound shipments, according to the US Energy Information Administration. Nearly 10% of all oil traded at sea passes through it. An estimated $1 trillion in goods pass through the strait annually.

In November, Houthis seized a vehicle transport ship linked to Israel in the Red Sea off Yemen. The militias still hold the vessel near the port city of Hodeidah. Separately, a container ship owned by an Israeli billionaire came under attack by a suspected Iranian drone in the Indian Ocean.

Also Thursday, unknown attackers boarded the Malta-flagged bulk carrier Ruen, managed by Navigation Maritime Bulgare, in the Arabian Sea off the Yemeni island of Socotra, Ambrey and the UKMTO said. Bulgarian media acknowledged the ship's seizure and said the ship's 18-member crew hailed from Angola, Bulgaria and Myanmar. No group immediately claimed responsibility for the assault.



Hamas Says Latest Gaza Ceasefire Talks Have Ended, Delegation Heads from Cairo to Doha

05 May 2024, Palestinian Territories, Rafah: A Palestinian inspects a damaged house after Israeli warplanes bombed a home for the Al-Shaer family, leading to widespread destruction in the Al-Salam neighborhood, east of the city of Rafah, in the southern Gaza Strip. Photo: Abed Rahim Khatib/dpa
05 May 2024, Palestinian Territories, Rafah: A Palestinian inspects a damaged house after Israeli warplanes bombed a home for the Al-Shaer family, leading to widespread destruction in the Al-Salam neighborhood, east of the city of Rafah, in the southern Gaza Strip. Photo: Abed Rahim Khatib/dpa
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Hamas Says Latest Gaza Ceasefire Talks Have Ended, Delegation Heads from Cairo to Doha

05 May 2024, Palestinian Territories, Rafah: A Palestinian inspects a damaged house after Israeli warplanes bombed a home for the Al-Shaer family, leading to widespread destruction in the Al-Salam neighborhood, east of the city of Rafah, in the southern Gaza Strip. Photo: Abed Rahim Khatib/dpa
05 May 2024, Palestinian Territories, Rafah: A Palestinian inspects a damaged house after Israeli warplanes bombed a home for the Al-Shaer family, leading to widespread destruction in the Al-Salam neighborhood, east of the city of Rafah, in the southern Gaza Strip. Photo: Abed Rahim Khatib/dpa

The latest round of Gaza ceasefire talks ended in Cairo after “in-depth and serious discussions,” Hamas said Sunday, reiterating key demands that Israel again rejected.

Israel didn't send a delegation to the talks mediated by Egypt and Qatar, and Defense Minister Yoav Gallant said that “we see signs that Hamas does not intend to go to any agreement."

Egyptian state media reported that the Hamas delegation left Cairo for discussions in Qatar and will return to the Egyptian capital for further negotiations on Tuesday.

Hamas leader Ismail Haniyeh in a statement earlier said the group was serious and positive about the negotiations and that stopping Israeli aggression in Gaza is the main priority.

But Israel's government again vowed to press on with a military operation in Rafah, the southernmost Gaza city on the border with Egypt where more than half of Gaza's 2.3 million residents now seek shelter from Israeli attacks. Rafah is a key entry point for aid.

Gaza's vast humanitarian needs put further pressure on the pursuit of a cease-fire. The proposal that Egyptian mediators had put to Hamas sets out a three-stage process that would bring an immediate, six-week cease-fire and partial release of Israeli hostages taken in the Oct. 7 attack, and would include some sort of Israeli pullout. The initial stage would last for 40 days. Hamas would start by releasing female civilian hostages in exchange for Palestinian prisoners held by Israel.

Israeli Prime Minister Benjamin Netanyahu claimed that Israel has shown willingness to make concessions but said it "will continue fighting until all of its objectives are achieved.” That includes the stated aim of crushing Hamas.


Israel Closes Gaza Crossing after Hamas Attack and Vows Military Operation in 'Very Near Future'

File Photo: A truck carrying goods arrives at Kerem Shalom crossing in Rafah in the southern Gaza Strip, August 15, 2018. (Reuters)
File Photo: A truck carrying goods arrives at Kerem Shalom crossing in Rafah in the southern Gaza Strip, August 15, 2018. (Reuters)
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Israel Closes Gaza Crossing after Hamas Attack and Vows Military Operation in 'Very Near Future'

File Photo: A truck carrying goods arrives at Kerem Shalom crossing in Rafah in the southern Gaza Strip, August 15, 2018. (Reuters)
File Photo: A truck carrying goods arrives at Kerem Shalom crossing in Rafah in the southern Gaza Strip, August 15, 2018. (Reuters)

Israel closed its main crossing point for delivering badly needed humanitarian aid for Gaza on Sunday after Hamas militants attacked it, reportedly wounding several Israelis, while the defense minister warned of “a powerful operation in the very near future in Rafah and other places across all of Gaza.”

Both struck blows to ongoing ceasefire efforts in Cairo mediated by Egypt and Qatar after reported signs of progress. Israel hasn't sent a delegation, unlike Hamas, and Defense Minister Yoav Gallant said that “we see signs that Hamas does not intend to go to any agreement."

The Israeli military reported 10 projectiles were launches at the crossing and said its fighter jets later struck the launcher. Hamas said it had been targeting Israeli soldiers in the area. Israel’s Channel 12 TV channel said 10 people were wounded, three seriously. It was unclear how long the crossing would be closed, The AP reported.

The attack came shortly after the head of the UN World Food Program asserted “full-blown famine” in badly hit northern Gaza, one of the most prominent warnings yet of the toll of restrictions on food and other aid entering the territory. The comments were not a formal famine declaration.

 

 

 

 


Hezbollah Says Fires 'Dozens' of Rockets at Israel After Deadly Lebanon Strike

The Israeli Iron Dome air defense system intercepting missiles launched from southern Lebanon over northern Israel on Sunday (AFP)
The Israeli Iron Dome air defense system intercepting missiles launched from southern Lebanon over northern Israel on Sunday (AFP)
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Hezbollah Says Fires 'Dozens' of Rockets at Israel After Deadly Lebanon Strike

The Israeli Iron Dome air defense system intercepting missiles launched from southern Lebanon over northern Israel on Sunday (AFP)
The Israeli Iron Dome air defense system intercepting missiles launched from southern Lebanon over northern Israel on Sunday (AFP)

Hezbollah said Sunday it launched dozens of rockets at northern Israel in retaliation for a strike on south Lebanon that a local official said killed a couple and their child.

The Iran-backed group said in a statement that it fired "dozens of Katyusha and Falaq rockets" at Kiryat Shmona in northern Israel "in response to the horrific crime that the Israeli enemy committed in Mays al-Jabal" which it said killed and wounded civilians, AFP reported.

Also, Israel's i24 News television said on Sunday that three people were injured, including one in a serious condition, after the missile attack that targeted northern Israel from southern Lebanon.

More than 250 Hezbollah members and 75 civilians have been killed in Israeli strikes on Lebanon since October. In Israel, missile fire coming from Lebanon has killed around a dozen troops and several civilians.

 


Netanyahu Refuses to End Fighting Until ‘War Aims Are Achieved’

Israeli Prime Minister Benjamin Netanyahu  - Reuters
Israeli Prime Minister Benjamin Netanyahu - Reuters
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Netanyahu Refuses to End Fighting Until ‘War Aims Are Achieved’

Israeli Prime Minister Benjamin Netanyahu  - Reuters
Israeli Prime Minister Benjamin Netanyahu - Reuters

Israeli Prime Minister Benjamin Netanyahu has refused to end Israel's war in Gaza until his “war aims are achieved,” Reuters has reported.

He said he cannot accept Hamas' demands for an end to the war or the withdrawal of Israeli forces from Gaza.

He is willing to to pause fighting in Gaza in order to secure the release of hostages still being held by Hamas, believed to number more than 130.

"But while Israel has shown willingness, Hamas remains entrenched in its extreme positions, first among them the demand to remove all our forces from the Gaza Strip, end the war, and leave Hamas in power," Netanyahu said.

"Israel cannot accept that."

"Hamas would be able to achieve its promise of carrying out again and again and again its massacres, rapes and kidnapping."

In Cairo, Hamas leaders held a second day of truce talks with Egyptian and Qatari mediators, with no apparent progress reported as the group maintained its demand that any agreement must end the war in Gaza, Palestinian officials said.


UNESCO: Journalists in Yemen Face Environmental Crisis

Floods swept away agricultural lands and caused huge losses to Yemeni farmers (state media)
Floods swept away agricultural lands and caused huge losses to Yemeni farmers (state media)
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UNESCO: Journalists in Yemen Face Environmental Crisis

Floods swept away agricultural lands and caused huge losses to Yemeni farmers (state media)
Floods swept away agricultural lands and caused huge losses to Yemeni farmers (state media)

The United Nations Educational, Scientific and Cultural Organization (UNESCO) has affirmed that the risks facing journalists in Yemen are not confined to addressing political issues, but instead extend to addressing and covering environmental crises in this country, which has been globally classified as one of the nations severely affected by climate change.

Marking the World Press Freedom Day 2024, the organization highlighted in a report the challenges environmental journalists face, particularly in conflict zones like Yemen. saying Yemeni journalists continue to brave danger to report on crucial issues including the environmental crises affecting their country.

"Yemen, already burdened by conflict, faces a myriad of environmental challenges. Over the past decade, climate change-induced natural disasters, including floods, cyclones, landslides, and droughts, have caused extensive damage in the country. Among the most pressing issues are several cyclones that have hit Yemen, resulting in severe damage to housing and infrastructure, the flooding of hundreds of hectares of agricultural land, the loss of thousands of tons of crops, and more, directly impacting the livelihoods of Yemenis," the report noted.

The report also cited environmental journalist Hussen Nasser Al-Yabari saying that these challenges have been exacerbated by conflict, as man-made disasters such as deforestation, unsafe pesticide use, oil spills, and poor waste management have increased, putting further pressure on the country’s resources.

He added: “Yemen has faced several significant environmental challenges over the past year, exacerbated by ongoing conflict, worsening humanitarian, economic, and environmental conditions.”

"Awareness of all aspects of the environmental crisis and its consequences is essential for peacebuilding. Journalistic work is crucial for this purpose, providing the public with reliable information, insightful analysis, and a comprehensive understanding of the issues directly affecting them. Sharing a success story," Al-Yabari was quoted as saying.

According to the report, reporting on environmental crises amidst conflict and political instability presents numerous challenges. Journalists encounter significant hurdles in seeking and disseminating information on these issues, especially in a war-torn country like Yemen. According to the Yemeni Journalists Syndicate's first quarterly report of 2024, 17 cases of violations against media freedom were documented in the country during the first quarter of the year. These violations included restrictions on freedom, assaults on journalists and press institutions, and property confiscations.

In addition to dealing with physical, economic, political, psychological, digital, and legal threats, accessing reliable information in times of crisis can be challenging.


Netanyahu’s Cabinet Votes to Close Al Jazeera Offices in Israel

Part of a protest in Kuala Lumpur coinciding with World Press Freedom Day, showing a woman holding a picture of Hamza Al-Dahdouh, Al Jazeera’s correspondent, who was killed during the Israeli war on Gaza (EPA)
Part of a protest in Kuala Lumpur coinciding with World Press Freedom Day, showing a woman holding a picture of Hamza Al-Dahdouh, Al Jazeera’s correspondent, who was killed during the Israeli war on Gaza (EPA)
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Netanyahu’s Cabinet Votes to Close Al Jazeera Offices in Israel

Part of a protest in Kuala Lumpur coinciding with World Press Freedom Day, showing a woman holding a picture of Hamza Al-Dahdouh, Al Jazeera’s correspondent, who was killed during the Israeli war on Gaza (EPA)
Part of a protest in Kuala Lumpur coinciding with World Press Freedom Day, showing a woman holding a picture of Hamza Al-Dahdouh, Al Jazeera’s correspondent, who was killed during the Israeli war on Gaza (EPA)

Israeli Prime Minister Benjamin Netanyahu said on Sunday that his government has voted unanimously to shut down the local offices of Qatar-owned broadcaster Al Jazeera.

According to a statement from Netanyahu's office, the decision goes into effect immediately. It could include closing the channel’s offices in Israel, confiscating broadcast equipment, preventing the broadcast of the channel’s reports and blocking its websites, among other measures, the statement said.

Israeli media said the vote allows Israel to block the channel from operating in the country for 45 days, according to the decision.

“Al Jazeera reporters harmed Israel’s security and incited against soldiers,” Netanyahu said in the statement. “It’s time to remove the Hamas mouthpiece from our country.”

The statement from Netanyahu’s office said that under a law passed last month, the government can take action against a foreign channel seen as “harming the country.”

According to The AP, an order barring a broadcaster is seen as an extraordinary measure by the Israeli government, which broadly allows media outlets to operate in the country. However, the government has in the past revoked press cards issued to individual correspondents over their coverage.


Four Lebanese Civilians Killed in Israeli Strike

This picture taken from the northern Israeli kibbutz of Malkia along the border with southern Lebanon, shows smoke billowing above the Lebanese village of Meiss El-Jabal during Israeli bombardment on May 5, 2024. (Photo by Jalaa MAREY / AFP)
This picture taken from the northern Israeli kibbutz of Malkia along the border with southern Lebanon, shows smoke billowing above the Lebanese village of Meiss El-Jabal during Israeli bombardment on May 5, 2024. (Photo by Jalaa MAREY / AFP)
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Four Lebanese Civilians Killed in Israeli Strike

This picture taken from the northern Israeli kibbutz of Malkia along the border with southern Lebanon, shows smoke billowing above the Lebanese village of Meiss El-Jabal during Israeli bombardment on May 5, 2024. (Photo by Jalaa MAREY / AFP)
This picture taken from the northern Israeli kibbutz of Malkia along the border with southern Lebanon, shows smoke billowing above the Lebanese village of Meiss El-Jabal during Israeli bombardment on May 5, 2024. (Photo by Jalaa MAREY / AFP)

Four members of a Lebanese family were killed in an Israeli airstrike on a house in a town in southern Lebanon on Sunday, civil defense and security sources said.
They said the family were killed in the village of Meiss al-Jabal, which has suffered extensive damage in regular exchanges of fire between Israel and Hezbollah since the start of the war in Gaza last October.
Both sides have however refrained from pushing the conflict into all-out war although airstrikes and shelling have taken place sporadically.

Lebanon's state-run National News Agency said Sunday's strike killed "three civilians" and wounded several others.

Hezbollah had on Saturday evening said it fired on military positions in northern Israel.
More than 250 Hezbollah members and 75 civilians have been killed in Israeli strikes on Lebanon since October. In Israel, missile fire coming from Lebanon has killed around a dozen troops and several civilians.


Gaza Ceasefire Talks Continue in Cairo as Israel Pounds the Enclave

Palestinians look at the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Hamas, in Rafah, in the southern Gaza Strip May 5, 2024. REUTERS/Hatem Khaled
Palestinians look at the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Hamas, in Rafah, in the southern Gaza Strip May 5, 2024. REUTERS/Hatem Khaled
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Gaza Ceasefire Talks Continue in Cairo as Israel Pounds the Enclave

Palestinians look at the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Hamas, in Rafah, in the southern Gaza Strip May 5, 2024. REUTERS/Hatem Khaled
Palestinians look at the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Hamas, in Rafah, in the southern Gaza Strip May 5, 2024. REUTERS/Hatem Khaled

Hamas leaders held a second day of truce talks with Egyptian and Qatari mediators on Sunday, with no apparent progress reported as the group maintained its demand that any agreement must end the war in Gaza, Palestinian officials said.
One Palestinian official, close to the mediation effort, said the Hamas delegation had arrived in Cairo with a determination to reach a deal "but not at any price".
"A deal must end the war and get Israeli forces out of Gaza and Israel hasn't yet committed it was willing to do so," the official told Reuters, asking not to be named.
Israel wants a deal to free at least some of the around 130 hostages held by Hamas but an Israeli official signaled on Saturday that its core position was unchanged, saying Israel would "under no circumstances" agree a deal to end the war, which it has pursued with the aim of disarming and dismantling Hamas for good.
Another Palestinian official told Reuters the negotiations are "facing challenges because the occupation (Israel) refuses to commit to a comprehensive ceasefire" but added that the Hamas delegation was still in Cairo in the hope mediators could press Israel to change its position.
As the latest talks were underway, residents and health officials said Israeli planes and tanks continued to pound areas across the Palestinian enclave overnight, killing and wounding several people.
Qatar and Egypt are trying to mediate a follow-up to a brief November ceasefire, amid international dismay over the soaring death toll in Gaza and the plight of its 2.3 million inhabitants.

More than 34,600 Palestinians have been killed and more than 77,000 have been wounded in Israel's assault, according to Gaza's health ministry.


IMF Warns Escalation in Red Sea Could Adversely Affect Economic Activity in Yemen

IMF representatives and Yemeni officials at the conclusion of their meetings in Amman
IMF representatives and Yemeni officials at the conclusion of their meetings in Amman
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IMF Warns Escalation in Red Sea Could Adversely Affect Economic Activity in Yemen

IMF representatives and Yemeni officials at the conclusion of their meetings in Amman
IMF representatives and Yemeni officials at the conclusion of their meetings in Amman

The International Monetary Fund (IMF) has warned of negative effects on Yemen due to escalation in the Red Sea, also affirming that the halt in oil exports since the Houthi attack on oil facilities in October 2022 have deprived the government of half of its revenues.

The Fund said growth in Yemen is estimated to have contracted by 2 percent in 2023 while inflation remained high, despite declining global food prices.

The findings were released after an IMF team held this week its annual consultative meetings with the Yemeni government in the Jordanian capital, Amman.
At the meetings, the government was represented by Central Bank Governor Ahmed Ghaleb and Finance Minister Salem bin Buraik, while the IMF team was led by Joyce Wong.

Discussions covered recent economic developments in Yemen, the economic outlook, and progress on key policy reforms.

At the end of the mission, Wong said the loss of oil exports, which represented more than half of the government’s revenues (4 percent of GDP), is estimated to have widened the fiscal deficit to 4.5 percent of GDP in 2023, adding to pressures on reserves and the exchange rate.

Challenging Humanitarian Situation

Also, the IMF mission said the humanitarian situation in Yemen remains difficult with 17 million people facing food insecurity. Disbursements of the GCC support package and stable remittances have been mitigating factors, it noted.

“An escalation of the Red Sea tensions could adversely affect economic activity through trade and financial channels, and lower external support including humanitarian assistance,” the Missions’ statement said.

Despite the challenging situation, the IMF said the authorities remain steadfastly committed to reforms, including further aligning multiple exchange rates for government transactions and refining the FX auction system.

“Cash management has been strengthened with better expenditure control and prioritization. These measures have contributed to limiting the budget deficit, recourse to monetary financing, and associated inflationary pressures,” it added.

Acceleration of Fiscal Reforms

Also, the IMF mission found that “amid high uncertainty, the mission urged the further acceleration of fiscal reforms, including improving revenue administration while enhancing expenditure reprioritization and control.”

It said ensuring consistency and predictability in FX auctions will help the central bank preserve hard-won credibility amidst constrained FX resources. Strengthening central bank governance while improving data collection will enhance transparency and accountability, it added.

The mission also stressed the importance of continuing to preserve stability in the financial sector and further strengthen compliance in line with international frameworks, including AML/CFT, and national standards. It said this will further facilitate trade and remittances, which are key lifelines for the Yemeni population.

Meanwhile, external financial support remains critical to help ease fiscal pressures, limit monetary financing, and preserve price stability, the mission affirmed.

“To this end, active engagement with donors to address outstanding needs, together with improving the availability and consistency of financing will be crucial,” it said.

And while the IMF pledged to continue to provide comprehensive technical assistance to Yemen to further enhance institutional capacities, it said it held discussions with partners and key stakeholders to enhance synergies and improve coordination of external assistance.

The mission team then expressed deep appreciation to the Yemeni authorities, technical staff, and all counterparts for their excellent cooperation and candid discussions and looks forward to continued close engagement.


Egypt, Iran Agree to Continue Consultations on Normalizing Relations

Egyptian Foreign Minister Sameh Shoukry and his Iranian counterpart Hossein Amir-Abdollahian meet in Banjul (Egyptian Foreign Ministry)
Egyptian Foreign Minister Sameh Shoukry and his Iranian counterpart Hossein Amir-Abdollahian meet in Banjul (Egyptian Foreign Ministry)
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Egypt, Iran Agree to Continue Consultations on Normalizing Relations

Egyptian Foreign Minister Sameh Shoukry and his Iranian counterpart Hossein Amir-Abdollahian meet in Banjul (Egyptian Foreign Ministry)
Egyptian Foreign Minister Sameh Shoukry and his Iranian counterpart Hossein Amir-Abdollahian meet in Banjul (Egyptian Foreign Ministry)

Egyptian Foreign Minister Sameh Shoukry and his Iranian counterpart, Hossein Amir-Abdollahian, met on Saturday on the sidelines of the 15th annual Islamic Summit Conference of the Organization of Islamic Cooperation (OIC) in Banjul, where they discussed bilateral relations and the war in Gaza.

Shoukry and Abdollahian agreed to “continue consultations to address all outstanding topics and issues toward normalizing relations,” the Egyptian Foreign Ministry said in a statement.

The meeting also touched on the Egyptian-Iranian bilateral relations in light of previous meetings between the two ministers and the directives of the leadership of both countries.

Egyptian President Abdel Fattah al-Sisi met his Iranian counterpart, Ebrahim Raisi, last November on the sidelines of the Arab–Islamic extraordinary summit hosted by Saudi Arabia.

Since then, telephone contacts between the two sides have multiplied, both at the presidential and ministerial levels. They mostly focused on “the situation in the Gaza Strip, and fears of escalation of regional tension,” according to official statements from both sides.

“Developments in the region necessitate meetings between Egypt and Iran to follow up on decisions taken in previous summits, especially with regard to bilateral relations,” Ali el-Hefny, Egypt's former ambassador to China and former deputy foreign minister, told Asharq Al-Awsat.

According to Egyptian Foreign Ministry Spokesman Ahmed Abu Zeid, Shoukry and Abdollahian’s meeting on Saturday addressed key issues of the Islamic Summit agenda. “The two ministers agreed on the importance of bolstering unity among Islamic countries amid immense challenges,” the spokesman said.

The ministers also discussed the ongoing war in Gaza. Shoukry was keen to inform his Iranian counterpart of the Egyptian efforts aimed at reaching a truce in the Palestinian enclave that would allow the exchange of hostages and detainees to reach a full and permanent ceasefire.

The two men then stressed their rejection of any ground military operations in the southern Gaza city of Rafah that would “put the lives of more than a million Palestinians at imminent danger and would worsen the humanitarian situation in the strip.”

Iran and Egypt ended diplomatic relations in 1979. Ties were resumed 11 years later but on the level of Chargé d'Affaires.

Several meetings were held in the past months between Egyptian and Iranian ministers to discuss the possibility of developing bilateral ties.

Last May, the Iranian President directed the Foreign Ministry to take the necessary measures to enhance relations with Egypt.

On Saturday, Shoukry briefed his Iranian counterpart on the outcome of meetings he held recently on the sidelines the World Economic Forum, and contacts he made with European officials to resolve the crisis in Gaza.

He stressed the urgency of an immediate ceasefire in the Gaza Strip while calling for continued entry of urgent humanitarian aid “completely, safely, and without obstacles.”

The Egyptian minister also affirmed the importance of encouraging countries to recognize a Palestinian state, adding that this would contribute to strengthening efforts to establish a Palestinian state based on the two-state solution.