Trump's tariffs are a bold move based on an economic vision claiming to protect domestic industries. However, they come at a high cost to international trade relations.
Ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis. According to the Xeneta ocean freight rate benchmarking platform, market average short-term…
At least 50 affected countries, a 40% decline in Suez Canal revenues, and German car factories pause production. Al Majalla lays out the economic impact of Red Sea disruptions in numbers.
International trade is coordinated through numerous shipping lanes worldwide. According to the International Maritime Organisation (IMO), about 90% of goods moved globally travel by ocean – however,…
The ongoing slowdown in global trade is expected to worsen in 2023, the U.N. Conference on Trade and Development (UNCTAD) said on Tuesday.
"While the outlook for global trade remains uncertain,…
Despite a population of just over a millioninhabitants and an area of 23,000 square kilometres, Djibouti, situated on the Bab al-Mandab Strait, one of the most vital waterways in the world, is…
The Yemeni militant group is proving to be a stubborn adversary, and Trump doesn't want anything to detract from his visit to the Gulf next week, where he plans to make a 'big' announcement
China has been quietly working to rewrite the rules of global trade and finds itself in a strong position in the current trade war launched by Washington. A look around the world shows why.
Israel wants the total dismantlement and scrapping of all Iranian nuclear facilities, just like in Libya two decades ago. That is unrealistic for several reasons.
If history is any judge, Trump's tariffs and damaging actions towards US allies could speed up the emergence of a multipolar world, much like George W. Bush's invasion of Iraq