Houthis' Red Sea threats add to Egypt's economic woes

Economy 2023-12-26

Houthis' Red Sea threats add to Egypt's economic woes

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.

Houthis' Red Sea attacks push global oil prices higher

Economy 2023-12-21

Houthis' Red Sea attacks push global oil prices higher

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.

Amid wheat crisis triggered by Russia's war, Egypt has kept its people fed

Economy 2023-12-08

Amid wheat crisis triggered by Russia's war, Egypt has kept its people fed

With wheat imports from Russia and Ukraine stalled and a raft of competing challenges, Egypt has ensured its people have bread.

International aid helps Jordan withstand Hamas war shock

Economy 2023-11-19

International aid helps Jordan withstand Hamas war shock

European Union and International Monetary Fund aid will help the kingdom weather financial shocks, including from the Israel-Hamas war.

Wheat crisis sparked by Russia's war on Ukraine still lingers in Egypt

Economy 2023-11-01

Wheat crisis sparked by Russia's war on Ukraine still lingers in Egypt

Disruptions of supply routes and soaring prices have continued to plague Egypt, which is particularly vulnerable to market fluctuations with this vital cereal crop.

Israel-Hamas war already hitting tourism, regional economies: IMF

Economy 2023-10-26

Israel-Hamas war already hitting tourism, regional economies: IMF

Neighboring countries, especially those that rely on tourism, are feeling the effects of the conflict triggered by Hamas's attack on Israel.

Amid war, Yemeni women make and sell handicrafts to earn a living

Economy 2023-10-06

Amid war, Yemeni women make and sell handicrafts to earn a living

Confronted with food shortages, a collapsing currency and unemployment, some women have turned to handicrafts to make a living.

Daily life is a 'bitter struggle for survival' in Yemen

Economy 2023-09-29

Daily life is a 'bitter struggle for survival' in Yemen

Since the Houthis' 2014 coup and the ensuing war, the lives of Yemenis have been marked by hardship, uncertainty and bitter struggle.

Iraq takes steps to boost dinar and curb dollar smuggling to Iran

Economy 2023-09-28

Iraq takes steps to boost dinar and curb dollar smuggling to Iran

Smugglers are abusing the Iraqi banking sector and placing a strain on the economy by acquiring US dollars in fraudulent ways to smuggle to Iran.

Hizbullah's actions push Lebanon toward a 'colossal collapse'

Economy 2023-09-28

Hizbullah's actions push Lebanon toward a 'colossal collapse'

The country has been in a state of collapse for four years, with many people at their limit and the situation likely to get worse, analysts say.