Houthi Attacks Lead to Surge in Air Cargo Shipments to Saudi Arabia

Houthi Attacks Lead to Surge in Air Cargo Shipments to Saudi Arabia

According to Arabian Gulf Business Insight, Houthi attacks on shipping vessels in the Red Sea have resulted in a more than 50% increase in air cargo shipments to Saudi Arabia. The American platform, which specializes in reporting on economic and trade trends in the Gulf and the broader Middle E...

Reuters: Houthis Send Threatening Emails to Shipowners

Reuters: Houthis Send Threatening Emails to Shipowners

On Thursday, October 3, 2024, Reuters reported that the Iran-backed Houthi group, designated as a terrorist organization internationally, has been sending threatening emails to commercial shipowners operating in the Red Sea. According to the agency, "On a warm spring night in Athens, just ...

Egypt Reports 25% Decline in Suez Canal Revenues

Egypt Reports 25% Decline in Suez Canal Revenues

Egypt announced on Tuesday that revenues from the Suez Canal dropped by 25% in the last fiscal year, which ended in June, largely due to ongoing regional tensions. A report from the Central Bank of Egypt revealed that Suez Canal revenues amounted to $6.6 billion, down from $8.8 billion in the p...

British Reports Indicate Damage to Two Ships in Attacks Near Hodeidah

British Reports Indicate Damage to Two Ships in Attacks Near Hodeidah

British maritime trade authorities reported on Tuesday that two ships sustained damage from missile and drone attacks off the coast of Hodeidah, Yemen. Fortunately, the crews of both vessels are reported to be unharmed. The UK Maritime Trade Operations (UKMTO) issued a statement confirming that...

Yemen's Foreign Minister Warns Against Complacency in Addressing Crisis

Yemen's Foreign Minister Warns Against Complacency in Addressing Crisis

On September 25, 2024, Yemen's Foreign Minister and Minister of Expatriates, Shaya Al-Zindani, cautioned against the dangers of complacency or postponement in addressing the Yemeni crisis amid ongoing economic and political challenges. He highlighted the continued influx of weapons and funds t...

USCENTCOM Destroys Houthi Missile System in Yemen

USCENTCOM Destroys Houthi Missile System in Yemen

The US Central Command (USCENTCOM) announced early Monday, September 16, 2024, that it had destroyed a missile system belonging to the Houthi group, designated as a terrorist organization by the international community. In a statement published on X, seen by "Barran Press", USCENTCOM ...