Economy 2024-09-13

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

Economy 2024-07-26

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.

Economy 2024-07-22

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

Economy 2024-07-11

Activists say the Iran-backed party is using the airport for arms assembly and transfers, taking aggressive action to keep local landowners out.

Economy 2024-07-01

Moscow's support for the Houthis amid their attacks on Red Sea shipping reveals its own ambitions to control and profit from global trade routes.

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.