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Business

  • Red Sea unrest
An RAF Typhoon aircraft takes off to join the U.S.-led coalition from RAF Akrotiri to conduct air strikes against military targets in Yemen
Risk of EU prices rising, growth slowing from Red Sea attacks
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  • Inflation
Core inflation was up 5.9% last year
Morocco's annual inflation dropped to 6.1% in 2023
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  • Ethiopia's economy
There are currently no investment banks in Ethiopia
Ethiopia opens up to foreign investment firms
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  • Red Sea unrest
The situation in the Red Sea has led to a slowdown in Ukrainian agricultural exports in January
Red Sea crisis slowing farm exports from Ukraine
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  • Red Sea unrest
The northern port of Trieste
Italian ports fear blow to business from Red Sea crisis
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  • Red Sea unrest
NYK Line is the latest operator to cease traversing the Red Sea
Japan's NYK Line halts vessel transits in Red Sea
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  • Red Sea unrest
A growing number of oil tankers are avoiding the region
More oil tankers steer clear of southern Red Sea
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  • Red Sea unrest
The alternative route to Europe round the Cape of Good Hope could add around 9 days
QatarEnergy halts Red Sea LNG shipping
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  • Suez Canal
The Suez Canal is a key source of scarce foreign currency for Egypt
Suez Canal revenues down 40% due to Houthi attacks
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  • Saudi-Canada trade ties
Saudi Arabia was the biggest export market for Canada in the region in 2021
Saudi Arabia agreed with Canada to re-exchange trade delegations
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  • Foreign exchange
A man handles Lebanese pound bills at a currency exchange office in Beirut
Lebanon delays new FX platform due to tensions in south
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  • Mineral resources
Minister of Industry and Mineral Resources Bandar Alkhorayef
Saudi Arabia allocates $182 million for mineral exploration incentives
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  • Air France
Air France
Air France to resume flights to Israel from Jan 24
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  • Oil Market
Oil market
Saudi Arabia renews support for efforts to stabilise oil markets
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  • Libyan oil
The port and Zawia Oil Refinery
Oil revenue in Libya reaches $20.69 billion in 2023
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  • Morocco's economy
Beyond agriculture, the growth trajectory is expected to be sustained at a rate of 2.9%
Morocco's economy expected to grow 2.4% in first quarter of 2024
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