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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
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Types of companies in the UAE. Types of activities
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Government Bodies. What Issues They Address
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Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Houthi Attacks on Saudi Oil Tankers
Yemen's Houthi rebels have announced attacks on two Saudi oil tankers, escalating their maritime blockade against the kingdom. The incidents mark the eighth and ninth attacks on Saudi tankers since the blockade began last month.
## Details of the Attacks
The Houthis targeted the Saudi oil tanker Wafa in the northern Red Sea near Yanbu using ballistic missiles. Another attack was reported on the tanker Daisy in the Gulf of Aden. The group has vowed to intensify attacks in the northern Red Sea as Saudi Arabia reroutes its tankers there due to the blockade.
## Impact on Saudi Oil Exports
The blockade has significantly impacted Saudi Arabia's oil export routes. With Iran's closure of the Strait of Hormuz, Saudi Arabia has relied heavily on the Red Sea port of Yanbu and the Bab al-Mandeb Strait for its crude exports. Data shows a substantial increase in Saudi oil shipments through these routes, with exports reaching nearly 100 million barrels in June.
## Strategic Importance
The Bab al-Mandeb Strait, connecting the Red Sea to the Indian Ocean, has become a vital transit point for Saudi oil. The ongoing conflict and blockades in the region pose significant threats to global oil supply routes.
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