The country, ravaged by nearly a decade of civil war, now faces a new challenge: a crippled economy further strained by the escalating crisis in the Red Sea. In Sanaa's Old City, the famed Al-Melh market used to be known for its labyrinthine alleys overflowing with affordable Eid delights...
However, rather than deterring the Houthis, this military intervention has catalyzed an escalation, with the rebel group broadening its targeting to include U.S. and British naval vessels operating in the Red Sea. PERSISTING RED SEA CRISIS JEOPARDIZES REGIONAL PEACE Local Yemeni experts are raising...
FACE founder and geopolitical strategist Velina Tchakarova discusses the threat of bad actors to the global economy as Mideast tensions escalate on 'Making Money.'
Global Shipping Giants Navigate Challenges Amidst Escalating Red Sea Crisis Date: January 4, 2024 In the wake of escalating tensions and security threats in the Red Sea, major shipping companies are grappling with critical decisions to ensure the safety of their vessels and crews. The crisis, ...
The second top concern among readers, some 27% was port congestion, an issue which in some cases can also be linked to the disruption caused by the Red Sea crisis. Of the three other issues 10% put compliance with new regulations as their top concern, 6% the availability of qualified seaf...
The Red Sea Crisis: The Data Points With Lunar New Year just around the corner, the global shipping industry is still contending with the challenge of Houthi attacks in the Red Sea, with effects including rising freight rates, longer transit times, increased emissions, container shortages, and ...
The crisis in the Red Sea compounds disruptions at one of the world's other key trade arteries, thePanama Canal. Drought caused by the El Nino phenomenon has led to reduced water levels, forcing the canal to restrict daily ship transit through the waterway. ...
The Red Sea Crisis: The Data Points With Lunar New Year just around the corner, the global shipping industry is still contending with the challenge of Houthi attacks in the Red Sea, with effects including rising freight rates, longer transit times, increased emissions, container shortages, and ...
Second, although the Red Sea crisis also has a certain impact on China's textile and clothing exports to Europe (the routes in Europe and the Middle East have been empty), on the one hand, China Europe trains are more alternative to shipping. The space of China Europe trains has been bo...
"The Red Sea crisis has had a significant impact on Suez Canal's shipping industry, resulting in a sharp decrease in the number of passing ships," said an employee of the Aldunfah Beach Club. Industry insiders were among the first to feel the impact of the worsening situation. Khaled Tony...