British maritime agencies report blast incidents near Yemen's Hodeidah CAIRO: A ship's captain reported an explosion in the vicinity of the vessel located about 63 nautical miles ... Updated 13 Aug, 2024 11:50am
World Egypt’s Suez Canal income falls amid Yemen Houthi attacks CAIRO: Egypt’s Suez Canal on Thursday reported a 23.4-percent drop in revenues attributed to disruptions in Red ... Published 19 Jul, 2024 06:05am
World UKMTO flags missile near vessel south of Yemen’s Aden CAIRO: The captain of a merchant vessel reported a missile hitting the water near the ship 52 nautical miles south... Published 26 Jun, 2024 11:22am
World Houthi attacks cut Suez Canal revenue by 40-50%: Egypt’s Sisi CAIRO: Egyptian President Abdel Fattah al-Sisi said Monday that revenues from the Suez Canal had “decreased by 40 to... Published 19 Feb, 2024 08:18pm
Business & Finance India’s small exporters reel as Red Sea crisis helps rivals nab business NEW DELHI: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having... Published 16 Feb, 2024 12:40pm
World More grain ships divert from Red Sea HAMBURG: More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this ... Published 03 Feb, 2024 05:46am
Markets Russian oil flows through Red Sea still face lower risks LONDON: Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi... Published 01 Feb, 2024 12:08pm
World Walmart and Adidas cargo aboard, one ship’s voyage to avoid the Red Sea LONDON: When the Maersk Tanjong set sail from Thailand on December 2, headed towards the Suez Canal to reach the... Published 31 Jan, 2024 05:46pm
World US, British forces carry out new strikes in Yemen WASHINGTON: US and British forces carried out a fresh round of strikes on Monday in Yemen, targeting a Houthi... Published 23 Jan, 2024 10:54am
World Red Sea crisis seeps into German chemicals sector FRANKFURT: Germany’s chemicals sector, Europe’s largest, is starting to feel the pinch from delayed shipments via... Published 22 Jan, 2024 12:18pm
World More grain ships divert from Red Sea after attacks HAMBURG: Attacks on shipping in the Red Sea region have in past days led to a sharp rise in the number of grain... Published 20 Jan, 2024 05:18am
World Maersk hopes international interventions, naval presence will allow Red Sea transit to return COPENHAGEN: Maersk hopes international interventions and a larger naval presence in the Red Sea will eventually lead... Published 12 Jan, 2024 03:22pm
World Oil tankers continue Red Sea movements despite Houthi attacks HOUSTON: Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have... Updated 09 Jan, 2024 09:02pm
World Maersk continues to schedule Suez journeys despite Houthi attack OSLO: Denmark’s Maersk still plans to sail more than 30 container vessels through the Suez Canal and the Red Sea in... Published 02 Jan, 2024 12:28pm
Markets Oil prices drift lower LONDON: Oil prices fell more than 1% on Thursday as concerns eased about shipping disruptions along the Red Sea... Published 29 Dec, 2023 02:58am
Business & Finance Maersk schedules dozens of vessels to travel via Suez Canal OSLO: Denmark’s Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea... Published 28 Dec, 2023 04:52am
Markets Oil rises on Middle East tensions and US rate cut hopes LONDON: Oil extended gains on Tuesday, finding support from geopolitical tensions in the Middle East and investor... Updated 26 Dec, 2023 10:19pm
Business & Finance Shipping industry in the dark over US-led Red Sea navy force LONDON: Shipping companies remain in the dark over a new international navy coalition being assembled by the United... Published 21 Dec, 2023 03:54am
World Suez canal authority monitoring tensions in Red Sea DUBAI: Egypt’s Suez canal authority said on Sunday it was closely monitoring the impact of tensions in the Red Sea... Published 18 Dec, 2023 06:42am
World Israel-Qatar meet, raising prospects of Gaza hostage talks Israel's offensive has killed close to 19,000 people, according to Gaza health authorities, and left thousands buried in the rubble Updated 17 Dec, 2023 06:46pm
World Yemen rebels threaten Israel-bound Red Sea ships SANAA: Yemen’s Iran-backed Houthi rebels threatened on Saturday to attack any vessels heading to Israeli ports... Updated 10 Dec, 2023 09:51pm
World Fire engulfs police facility in Egypt’s Ismailia, 25 hurt CAIRO: A huge fire erupted at a police facility in the Egyptian Suez Canal city of Ismailia early on Monday,... Published 02 Oct, 2023 10:05am
World Suez Canal ship traffic unaffected after tanker collision CAIRO: Shipping traffic was flowing normally on Egypt’s Suez Canal on Wednesday, two shipping sources based in the... Published 23 Aug, 2023 10:18am
World Thousands of US sailors, Marines reach Red Sea after Iran tensions DUBAI: More than 3,000 United States military personnel have arrived in the Red Sea aboard two warships, part of a... Published 08 Aug, 2023 06:37am
World Suez Canal tugboat sinks after collision with tanker CAIRO: A Suez Canal tugboat has sunk after colliding with a Hong Kong-flagged LPG tanker in the strategically... Published 06 Aug, 2023 03:18am
World Suez Canal traffic resumes after broken down tanker tugged away ISMAILIA, (Egypt): Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused... Published 05 Jun, 2023 03:27am
Business & Finance Egypt’s Suez Canal nets $8bn in new annual record CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in... Published 30 Jan, 2023 06:33am
World Egypt’s Suez Canal nets $8bn in new annual record CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in... Published 25 Jan, 2023 08:32pm
World Another tanker briefly blocks Egypt’s Suez canal CAIRO: An oil tanker briefly became stuck in Egypt’s Suez Canal on Wednesday night, officials announced, raising... Published 01 Sep, 2022 09:56am
Business & Finance Siemens Mobility wins $8.7bn high-speed rail deal in Egypt BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its... Published 29 May, 2022 05:50am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points