Yemen Risk: Fighting continues amid arms and ship seizures

Yemen remains on GSN's worst grades for both political and financial risk in this latest Risk Management Report. The United Nations is continuing peace efforts, led by special envoy Hans Grundberg, but any lasting peace remains elusive, with the potential for wider regional conflict to flare up again and factions entrenched in their fiefs. In January, the UAE condemned the seizure by Houthi forces of  a UAE-flagged ship in the Red Sea while it was en route from Socotra to the Saudi port of Jizan as an act of piracy. The Paris Club group of international creditors has extended the debt service suspension initiative (DSSI) programme, covering debt due up to end 2021.