The crisis in the Red Sea has led to an extra 35.7 million tonnes of CO2 emitted in the past year* as ships are forced to sail around Africa to avoid the risk of being attacked by the Houthi rebels, says supply chain management consultancy INVERTO, part of Boston Consulting Group. INVERTO says that»»»

Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fel»»»

US defense officials told Saudi news site Al Arabiya that the strikes had targeted Houthi weapons facilities holding advanced conventional weapons. The United States and Britain launched raids on the Yemeni capital, Sanaa, the Amran governorate, and other areas, Al Masirah TV, the main television n»»»

The United States and Britain launched raids on the Yemeni capital Sanaa, the Amran governorate and other areas, Al Masirah TV, the main television news outlet run by the Houthi movement, reported on Sunday. Houthi media and residents said about nine raids had targeted the Sanaa, its suburbs and Am»»»

The United States and Britain launched raids on the Yemeni capital, Sanaa, the Amran governorate, and other areas, Al Masirah TV, the main television news outlet run by the Houthi movement, reported on Sunday. Houthi media and residents said about nine raids had targeted Sanaa, its suburbs, and the»»»

The captain of the Delta Blue crude oil tanker reported a double attack on the vessel off Yemen, with its crew reported safe, the United Kingdom Maritime Trade Operations (UKMTO) agency said in an advisory note on Thursday. Iran-aligned Houthi fighters have launched attacks on international shippin»»»

A ship's captain reported an attack from two small crafts 45 nautical miles south of Yemen's Mokha, with a rocket-propelled grenade exploding near the vessel, the United Kingdom Maritime Trade Operations (UKMTO) agency said on Thursday. Iran-aligned Houthi militants have launched attacks on interna»»»

Half the workers at Israel's Eilat Port are at risk of losing their jobs after the seaport took a major financial hit due to the crisis in Red Sea shipping lanes, officials said on Wednesday. Eilat sits on a northern tip of the Red Sea and was one of the first ports to be affected as shipping firms»»»