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…
Netanyahu hopes to extract even greater concessions from Hamas as his invasion coincides with talks in Cairo, where the group agreed to a deal brokered by Qatar, Egypt and the US
Semiconductors used in the chips powering the Artificial Intelligence-led technology revolution are critical for both countries and companies, yet self-reliance in this sector seems unattainable
The president's efforts to tame rampant inflation have only scratched the surface of its economic problems, which require deeper and more sustainable reform. So far, that appears unattainable.