On Monday, the IMF and World Bank jointly cautioned that the ongoing Gaza war and associated attacks on shipping in the Red Sea pose significant threats to the global economy. …
Suez canal
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International
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International
World Bank Issues Warning on Global Economic Recovery Amid Red Sea Crisis
by Hamza Irshadby Hamza IrshadGlobal Economic Recovery In a recent report, the World Bank’s economists have sounded the alarm about the potentially devastating impact on the global economy recovery due to the escalating crisis …
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EconomyInternationalLatest Updates
Suez Canal fetches record $5.84 billion toll-tax for Egypt in 2020
Suez Canal Authority has netted “the highest revenues in the history of the canal, hitting $5.84 billion”, more than two percent up from the previous year
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InternationalLatest Updates
Give $ 900 Mln or Ever Given is Not Given
by Hamza Irshadby Hamza IrshadMaritime data company Lloyd’s List said the blockage by the vessel, longer than four football fields, held up an estimated $9.6 billion-worth of cargo between Asia and Europe each day …
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InternationalLatest Updates
Moscow’s Secret Weapon: Satellite images show huge Russian military buildup in the Arctic
by Hamza Irshadby Hamza Irshad“Russian laws governing NSR transits exceed Russia’s authority under international law,” the Pentagon spokesman said.
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InternationalLatest Updates
Marwa Elselehdar noticed something strange
by Hamza Irshadby Hamza IrshadRumors about Marwa Elselehdar’s role on the Ever Given were spurred by screenshots of a fake news headline saying that she was involved in the incident.
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InternationalLatest Updates
Ever Given ship refloated in the Suez Canal: US Media
by Hamza Irshadby Hamza IrshadMohab Mamish told US Media that the canal is expected to be ready for passage by today
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InternationalLatest Updates
Suez Traffic Jam seen from Space: Rates Moving Up Towards Space
by Hamza Irshadby Hamza IrshadSINGAPORE: Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway …