On November 20, 2024, the International Monetary Fund (IMF) announced that ongoing tensions in the Red Sea have led to a staggering 70% drop in revenues from the Suez Canal, a vital source of foreign currency for Egypt. This statement followed the IMF's fourth review of Egypt's economic re...
In his first statement since rescinding his resignation in July, Ahmed Al-Maabqi, the Governor of the Central Bank of Yemen, announced on Thursday, October 24, 2024, that Yemen has lost over $6 billion in domestic resources over the past 30 months. This loss is attributed to the cessation of oil a...