Kuwait City, Kuwait – On Sunday, November 24, 2024, Egyptian Foreign Minister Badr Abdel Atti stated that Egypt could be the most affected by the current escalation in the Red Sea, caused by attacks from the Iran-aligned Houthi militia on commercial shipping vessels. During a press confer...
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...