Red Sea attacks

Analysis

How Trump could squeeze shipping firms impacted by Red Sea crisis

Xeneta, an ocean freight intelligence platform, warned Nov. 6 that shipping container rates grew by 70% during the last Trump administration.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Analysis

Saudi naval ambitions get a boost after joint Greece, France exercise

The kingdom is modernizing its navy under Vision 2030, replacing outdated vessels while seeking to diversify its military partnerships beyond traditional US reliance — but operational gaps remain.

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Maersk, Hapag-Lloyd to partner on Africa route avoiding Red Sea

Gemini Cooperation will use the Cape of Good Hope network, which has been the alternative transit route for hundreds of vessels since the Houthis stepped up their attacks on commercial shipping in the Red Sea in mid-November 2023.

Yemen

Analysis

Israel-UAE trade to hit $3.3B in 2024 as wars in Lebanon, Gaza continue

Despite a growing Arab public backlash against economic ties with Israel, and politically strained ties between the UAE and Israel since the Gaza war, bilateral trade has continued across the technology, tourism and agriculture sectors.

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Analysis

In military reshuffle, Saudi Arabia seeks efficiency, closing gap with regional rivals

Saudi Arabia has recently undertaken a significant reorganization of its top military leadership, with new senior appointments to the kingdom’s joint, land and naval forces — a step that could mark a pivotal shift in the country's defense strategy and domestic balance.

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Two oil tankers come under attack in the Red Sea, sources say

Oil tankers transiting the Red Sea are facing renewed dangers while transiting one of the world's most critical chokepoints for crude.

Saudi Arabia

Houthis allow Greek tanker ablaze in Red Sea to be towed to safety

The Iran-backed rebels said they were responding to concerns by the European Union that the tanker endangered maritime and environmental safety in the Red Sea.

Yemen

Analysis

What Maersk's $250M logistics park means for Saudi Arabia

Danish logistics company remains invested in the Red Sea despite continued threats to shipping from Yemen's Houthi militants.

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

UAE port operator DP World's profits fall 60% amid Yemen's Houthi Red Sea attacks

The Dubai-based logistics firm reported $265 million in profit for the first half of 2024 ending June 30, down from $651 million the same time last year.

United Arab Emirates

Ethiopia-Somalia set for second round of talks in Turkey next week

Turkey’s framework proposal for the two countries aims to secure Ethiopian access to the Red Sea while ensuring Somalia's territorial integrity.

Turkey

Analysis

Is Houthi expansion in Iraq a genuine threat or smoke screen?

Iraq's relations with Saudi Arabia are called into question as the Houthis seek to expand their influence in the region.

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Houthi attacks on Red Sea shipping wipe $2B off Suez Canal annual revenue

The Suez Canal Authority said revenue for fiscal year 2023/24 fell to $7.2 billion, down from $9.4 billion the preceding year.

Yemen