Economy 2024-02-20

The Houthis' targeting of cargo ships has led to a significant decrease in wheat imports to the southern Yemen ports of Aden and al-Mukalla in the midst of an escalating food crisis.

Economy 2024-02-16

US-Saudi economic and trade relations have grown over the decades and are built on a history of mutual respect and common interests, analysts say.

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.