Economy 2024-06-30

Small Chinese shipping lines have started serving the Red Sea in an effort to exploit China's perceived immunity from the Houthi attacks.

Economy 2024-06-10

Egypt's decision to lift the bread subsidy is driven by the price of wheat, which has soared since Russia launched its assault on Ukraine.

Economy 2024-06-03

The kingdom, which relies heavily on imports and exports through the Red Sea, has been grappling with rising shipping costs and delivery delays.

Economy 2024-05-28

Attacks on ships have put fishermen in the line of fire after the Houthis used fishing boats to launch attacks and reconnaissance operations.

Economy 2024-05-18

Continued Red Sea tensions could adversely affect economic activity and reduce external support, including humanitarian assistance, the International Monetary Fund says.

Economy 2024-05-15

Costs to the Lebanese economy are estimated at $4 billion, half from heavy destruction, displacement and loss of livelihoods in the south.

Economy 2024-05-13

A recent move by Russia to delay a wheat shipment to Egypt, ostensibly because the paperwork was not in place, was in reality a message to Cairo about its dealings with other countries.

Economy 2024-04-17

Increased imports through Houthi-controlled ports have led to bigger revenues for the Iran-backed group, while ports under government control -- and Yemeni civilians -- suffer.

Economy 2024-04-10

The new 100-YER coin is a sign of the economic pressure the Houthis are feeling -- and imposing on Yemen -- as a result of their Red Sea aggression.

Economy 2024-04-02

The new strategic partnership deal includes billions in credit to help Egypt weather a severe economic crisis and stepped up gas and energy flows to Europe.