Houthi Crackdown and Regional Tensions: Middle East Diplomacy and Economic Endeavors on the Rise
Houthis intensify crackdown in Yemen amid regional tensions as Putin and Pezeshkian prepare to discuss Middle East issues in Ashgabat.
In Yemen, the Houthis have intensified their crackdown, detaining 48 locals in the Ibb province for their involvement in celebrating the 1962 revolution, part of a broader campaign targeting those with revolutionary sympathies.
Meanwhile, tensions are high in the Middle East as the Israeli Air Force intercepted a missile from Yemen, believed to be linked to Iran-backed Houthi rebels, although fortunately, there were no casualties or damage.
With these regional tensions in mind, Russian President Putin and Iranian President Pezeshkian are set to meet in Ashgabat, Turkmenistan, to discuss the Middle East situation, coinciding with a forum celebrating poet Magtymguly Pyragy.
Shifting our focus to the skies, Saudi Arabia's Air Connectivity Program is thriving, having launched 60 new flight routes since 2021, which are boosting tourism significantly as the country aims to draw millions more visitors by 2030.
On the financial front, Saudi's Tadawul All Share Index saw a positive rise, led by Al Majed Oud’s stellar stock performance and Almarai's strategic acquisition of a Jordanian company, showcasing robust regional expansion.
Finally, tourism in Abha is set to flourish as Saudi Arabia's Aseer Investment Co., collaborates on new cultural retail and dining ventures, furthering their efforts to enhance the city’s appeal and job market, all part of the country's broad vision for economic diversification.