Economy 2024-02-29

New sanctions target the deputy commander and several units of the IRGC Quds Force, along with other enablers of the Houthis' aggression.

Economy 2024-02-27

With the Houthis' Red Sea escalation continuing unabated, shipping companies face multiple hurdles, including rising costs and added danger from indiscriminate attacks.

Economy 2024-02-24

Shipments of food and fuel are being delayed as a consequence of the Houthis' Red Sea escalation, with the situation likely to deteriorate.

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.