emen International Bank, one of the country’s oldest and largest commercial banks, has strongly rejected the U.S. Department of the Treasury’s decision to place it and three of its executives on the OFAC sanctions list, describing the move as politically motivated and d...

Egypt has dismissed reports suggesting its intention to participate in military operations against the Houthi group in Yemen. The denial coincides with growing economic pressures on Suez Canal revenues due to the ongoing crisis in the Red Sea since last December.Speakin...

Sources revealed significant losses at the three ports in Hudaydah, which are under Houthi control, with 70% of their operational capacity knocked out due to Israeli airstrikes targeting the essential tugboats that allow ships to enter the ports.Tugboats Out of Service,...

Saudi Arabia and the United Kingdom have emphasized the importance of ensuring the security and stability of the Red Sea to safeguard the global economy from growing threats. This stance follows continued attacks by the Iran-backed Houthi militia on cargo ships in the R...