Alshaya Group reduces operations in Egyptian market
Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
Browsing Tag
Gaza Cease-Fire
War on Gaza to cost Israel 10% of GDP
The Israeli attacks on Palestinians in Gaza will cost around ten per cent of the Israeli Gross Domestic Product…
Bunker fuel prices soar amid Red Sea diversions
Bunker fuel prices soared in Africa and the Mediterranean amid increasing demand due to the diversions in the Red…
Japan’s NYK suspends Red Sea navigation
Japan's Nippon Yusen (NYK), the country's biggest shipper by sales, put on hold Red Sea navigation for all the…
Qatar, Russia divert vessels from Red Sea
Qatar and Russia, suppliers of liquefied natural gas, are avoiding the Suez Canal in light of heightened risks and…
Qatar Energy pauses LNG Red Sea shipping amid attacks
QatarEnergy, world's second largest exporter of liquefied natural gas (LNG), paused Red Sea, a senior source…
Turkey skips Davos over Forum’s organiser’s stance towards Gaza war
The Turkish officials will not attend this year’s World Economic Forum in Davos, following the directives of…
China’s COSCO suspends shipping to Israel amid Houthi attacks
China’s state-owned and largest shipper COSCO suspended shipping to Israel, Reuters reported on Tuesday, citing…
Red Sea attracts oil tankers despite Houthi attacks
Oil and fuel tankers have continued to navigate the Red Sea despite the ongoing Houthi attacks, a Reuters analysis…
Houthi attacks in Red Sea rise 500% sparking global shipping crisis
The Houthi attacks in the Red Sea soared by 500 per cent since the outbreak of the war on Gaza, leading to a major…
