US Imposes Sanctions on Houthi Revenue Networks
The United States has announced a new round of sanctions targeting entities that have generated substantial revenue for Yemen's Houthi movement, in a move aimed at disrupting the group's financial networks and reducing its ability to carry out destabilizing operations in the region.
According to a statement from the US State Department, the sanctions
affect
a range of actors, including vessels, their owners and operators, who have breached US sanctions, as well as front companies and Houthi-linked individuals involved in illicit trade and smuggling.
The measures form part of a broader strategy to undermine the Houthis' financial infrastructure.
The US administration confirmed that the objective is to deny the Houthis access to resources that enable them to continue their aggressive and destabilizing activities, particularly those threatening regional maritime security and international military forces.
The sanctions were imposed under Executive Order 13224, as amended, which provides the legal framework for counterterrorism sanctions.
The US State Department has officially designated the Houthi group as a global terrorist organization.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
News
3 Killed in Shooting Attack in Thailand
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Legal Reforms and Refinery Projects to Support Egypt's Transformation into a Regional Hub for Gold Industry and Trade
Waleed Farouk Gold market expert Saeed Embabi said that Egypt's drive to localize investment in gold-backed funds will provide individual and institutional investors with a regulated and transparent financial instrument, enabling them to benefit from gold price movements without the need for physical possession of the metal. This, he noted, would expand the investor base and deepen market liquidity. He added that amending laws to encourage such funds would strengthen market confidence and attract new capital, both domestic and foreign. Embabi also stated that establishing gold refineries represents a qualitative leap in the industry's infrastructure, allowing Egypt to control production quality and reduce reliance on foreign facilities for refining. Moreover, these refineries could offer services to regional markets, positioning the country as a regional center for gold trade and manufacturing. He highlighted that this step is also important for supporting the non-oil economy and diversifying sources of income, in addition to creating direct and indirect job opportunities in mining, refining, marketing, and logistics. It would also enhance Egypt's ability to leverage its geographic location as a gateway for trade between Africa and the Middle East. During the weekly cabinet meeting, Prime Minister Dr. Mostafa Madbouly confirmed that the government is moving toward localizing investment in gold-backed funds in the coming period by introducing amendments to certain regulatory laws, aiming to boost this type of investment amid growing public interest in gold as a hedging and investment tool. Madbouly also pointed out that Egypt is working on establishing multiple gold refineries to meet domestic market needs and provide services to foreign markets, reinforcing the country's position as a regional hub for the gold industry and trade. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Lebanese President: We reject any foreign interference in our internal affairs
Basant Ahmed Lebanese President Joseph Aoun affirmed his country's rejection of interference in its internal affairs, noting that there are no exceptions regarding carrying weapons. This came during a meeting between the Lebanese President, today, Wednesday, with the Secretary-General of Iran's Supreme National Security Council, Ali Larijani. Aoun said that his country desires to cooperate with Iran within the bounds of sovereignty and friendship based on mutual respect. He emphasized that Lebanon is the ultimate homeland for all its citizens, both Christians and Muslims, and that the Lebanese state, through its constitutional and security institutions, is responsible for protecting all Lebanese components. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
See - Sada Elbalad
3 hours ago
- See - Sada Elbalad
Lavrov to take part in Russia-US summit
Basant Ahmed Russian Foreign Ministry Deputy Spokesman Alexei Fadeev said on Wednesday that Foreign Minister Sergei Lavrov will participate in the Russian-American summit in Alaska scheduled for Friday. "Yes, I confirm Lavrov's participation in the event scheduled to be held in Alaska on Friday," Fadeev added in a press conference reported by the Russian news agency TASS. US President Donald Trump announced on August 8 that he expects to meet with Russian President Vladimir Putin in Alaska on August 15 read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
