Economy 2024-02-12

Tankers carrying petroleum products from Russia glide south through the emptying Red Sea with cargo destined for the East, as the Iran-backed Houthis continue their attacks.

Economy 2024-02-04

The Gulf states are feeling the economic impact of the Iran-backed Houthis' ongoing attacks, as stability in the Red Sea is crucial to oil and gas exports.

Economy 2024-01-23

The Houthi attacks have global impact but have struck Egypt's economy particularly hard, with revenue from the Suez Canal down 40% in the first two weeks of January compared to last year.

Economy 2024-01-18

President Xi Jinping's landmark project has seen countries spiraling into debt amid wasteful infrastructure.

Economy 2024-01-18

The new designation, poised to go into effect in 30 days, seeks to promote accountability for the Houthis' terrorist activities in the Red Sea without having any adverse effects on Yemenis.

Economy 2024-01-13

Iran-backed Houthis' attacks in the Red Sea have disrupted livelihoods in al-Hodeidah, as most families depend on fishing as a main source of income.

Economy 2024-01-05

Chinese investment in Egypt increased by 317% from 2017 to 2022, raising concerns that Beijing's Belt and Road Initiative is a cover for 'debt-trap diplomacy' and expanded military presence.

Economy 2024-01-01

The high cost and limited availability of food in impoverished and war-torn Yemen are a major consequence of the Houthis' attacks in the Red Sea.

Economy 2023-12-26

Shipping traffic in the Suez Canal, a key source of revenue for Egypt, has been affected by the Houthis' threats and attacks in the Red Sea.

Economy 2023-12-21

If ships do not pass through the Red Sea and Suez Canal, they need to travel around Africa, which adds considerable time and expense to journeys.