Lebanese economy better off without Hizbullah's financial arm, economists say

Economy 2024-11-18

Lebanese economy better off without Hizbullah's financial arm, economists say

Al-Qard al-Hassan has profited from Lebanon's economic crisis while drawing scrutiny from international money laundering regulators.

US sanctions Syrian conglomerate funding IRGC Quds Force, Houthis

Economy 2024-11-18

US sanctions Syrian conglomerate funding IRGC Quds Force, Houthis

Companies, individuals and vessels associated with Al-Qatirji Company have raised funds through the sale of Iranian oil to Syria and China.

Saudi-Egypt investment accords send 'smartly timed' message of regional stability

Economy 2024-10-30

Saudi-Egypt investment accords send 'smartly timed' message of regional stability

The agreement, signaling a desire for regional peace and prosperity, stands in contrast with the violence fueled by the Iranian regime.

Decline in wheat imports via al-Hodeidah port makes bad situation worse

Economy 2024-10-10

Decline in wheat imports via al-Hodeidah port makes bad situation worse

Wheat imports to al-Hodeidah port have fallen by more than half as a result of the Houthis' ongoing attacks in the Red Sea and beyond.

Saudi Arabia, Gulf states boost US ties with new LNG, military deals

Economy 2024-10-07

Saudi Arabia, Gulf states boost US ties with new LNG, military deals

New deals reflect the extent of mutual trust and the strength of the strategic partnerships in all fields between the United States and Gulf states.

Houthi weapons procurement operatives in Iran, China face sanctions

Economy 2024-10-04

Houthi weapons procurement operatives in Iran, China face sanctions

New US sanctions target those who support the Houthis' attempts to destabilize the region and threaten lives and freedom of navigation.

Saudi Arabia, Iraq deepen economic ties as counterpoint to Iranian regime's agenda

Economy 2024-09-16

Saudi Arabia, Iraq deepen economic ties as counterpoint to Iranian regime's agenda

While the Iranian regime seeks to dominate Iraq through its proxy militias and siphon away its wealth, Saudi Arabia is supporting a new economic vision for Iraq and the region.

Sanctioned Hizbullah oil smuggling network generated funds to support terrorist activities

Economy 2024-09-13

Sanctioned Hizbullah oil smuggling network generated funds to support terrorist activities

Three individuals, five companies and two vessels are facing US sanctions for smuggling oil to generate funding for Hizbullah's activities.

Why is Russia pushing for North–South corridor completion?

Economy 2024-07-26

Why is Russia pushing for North–South corridor completion?

Completing a key segment of the Moscow-Mumbai corridor, of which Russia is the main beneficiary, will come to the detriment of so-called allies such as Egypt.

Hunger on rise in Houthi-controlled areas of Yemen

Economy 2024-07-22

Hunger on rise in Houthi-controlled areas of Yemen

Severe food deprivation has reached its highest levels in Houthi-controlled areas of northern Yemen, according to the World Food Program.