US Navy forces seize arms from Iran likely bound for Yemen

Iran’s mission to the United Nations did not immediately respond to a request for comment on the interception. (US 5th Fleet twitter)
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Updated 23 December 2021
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US Navy forces seize arms from Iran likely bound for Yemen

  • Iran denies arming the Houthis despite evidence to the contrary
  • Weapons discovered aboard what the US Navy described as a stateless fishing vessel

DUBAI: The US Navy seized a large cache of assault rifles and ammunition being smuggled by a fishing ship from Iran likely bound for war-ravaged Yemen.
US Navy patrol ships discovered the weapons aboard what the Navy described as a stateless fishing vessel in an operation that began on Monday in the northern reaches of the Arabian Sea off Oman and Pakistan. Sailors boarded the vessel and found 1,400 Kalashnikov-style rifles and 226,600 rounds of ammunition, as well five Yemeni crew members.

It’s just the latest interdiction amid the grinding war in Yemen that pits Iran-backed Houthi militants against the Arab coalition. Western nations and UN experts repeatedly have accused Iran of smuggling illicit weapons and technology into Yemen over the years, fueling the civil war and enabling the Houthis to fire missiles and drones into neighboring Saudi Arabia.
Iran denies arming the Houthis despite evidence to the contrary.
In an unusually pointed move, the statement late Wednesday from the Navy’s Bahrain-based 5th Fleet blamed Iran for sending the weapons, saying the boat was sailing along a route “historically used to traffic weapons unlawfully to the Houthis in Yemen.”
“The direct or indirect supply, sale or transfer of weapons to the Houthis violates UN Security Council Resolutions and US sanctions,” the statement added.
Iran’s mission to the United Nations did not immediately respond to a request for comment on the interception.
US Navy patrol ships transferred the confiscated weapons to the guided-missile destroyer USS O’Kane before sinking the fishing vessel because of the “hazard” it posed to commercial shipping. It said the Yemeni crew would be repatriated.
American seizures of arms bound for Yemen’s war, typically Kalashnikov rifles, machine guns and rocket-propelled grenade launchers, began in 2016 and have continued intermittently. Yemen is awash with small arms that have been smuggled into poorly controlled ports over years of conflict.
The Navy’s 5th fleet said it has confiscated some 8,700 illicit weapons so far this year across the 2.5 million-square-mile area it patrols, including the strategically important Red Sea and the Arabian Gulf.


Egypt receives €1bn from EU as reward for economic reforms progress

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Egypt receives €1bn from EU as reward for economic reforms progress

  • Payment is the 2nd installment of a €5bn macro-financial assistance loan package agreed in 2024
  • European Commission President Ursula von der Leyen says it reflects Cairo’s efforts to build a stronger economy

LONDON: Egypt received €1 billion ($1.16 billion) from the EU on Thursday. The payment, designed to help boost the country’s financial stability, is part of a €5 billion macro-financial assistance package agreed in 2024.

The transfer was made after Egypt implemented a range of economic reforms, including improvements to public financial management and the foreign exchange market, the European Commission said.

The money is intended to help Egypt cover part of its financing needs, ensure economic stability, and support the country's economic reform agenda.

The €5 billion in macro-financial assistance, part of a broader €7.4 billion package, comes in the form of concessional loans that Egypt will have 35 years to repay. Thursday’s payment was the second, after an initial €1 billion was disbursed in December 2024. The remaining €3 billion is expected to be paid in two further installments this year.

Rania Al-Mashat, Egypt’s minister of planning, economic development and international cooperation, said the funding reflected the depth of Egyptian-European relations.

The financing package is directly linked to Egypt’s program of reforms designed to unlock the country’s economic potential, she added.

European Commission President Ursula von der Leyen said the latest payment “shows both the EU’s commitment to this partnership and Egypt’s efforts to build a stronger and greener economy.”

The commission said Egypt had fulfilled all the required conditions for the disbursement of funds, including that it remains on track with the requirements of an International Monetary Fund program. The IMF last month said it had reached an agreement with Egypt for reviews of that program, which could unlock about $2.5 billion.

Egypt secured an expanded $8 billion IMF package in March 2024, contingent on the country carrying out economic reforms.

The Egyptian economy has stabilized following a financial crisis in 2023 and 2024 that led to the devaluation of the Egyptian pound, a severe shortage of foreign exchange, and record-high inflation.