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.

Economy 2023-12-08

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

Economy 2023-11-19

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

Economy 2023-11-01

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

Economy 2023-10-26

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