Red Sea

Red Sea global reports significant progress on AMAALA development in Saudi Arabia

United Arab Emirates · Oct 4, 2024

AMAALA, which is envisioned as a premier luxury tourism destination, aims to blend opulence with environmental sustainability, featuring a diverse array of attractions including ultra-luxury hotels, wellness retreats, and cultural experiences. The project is a cornerstone of Saudi Arabia’s Vision 2030 initiative, which seeks to diversify the economy away from oil dependency and position the Kingdom as a global tourism hotspot.

By Ishita Agarwal

EU and Saudi Foreign ministers discuss efforts to end Gaza conflict

Saudi Arabia · Aug 21, 2024

The European Union’s top diplomat, Josep Borrell, engaged in a significant discussion today with Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan Al Saud, focusing on the ongoing Gaza conflict and broader regional tensions.

By Samiksha Tripathy

DP World’s H1 net profit plummets 59% amid Red Sea disruptions

Maritime & Trade · Aug 17, 2024

DP World’s CEO, Sultan Ahmed Bin Sulayem, acknowledged the difficult operating environment during a press briefing, emphasizing that the company is taking steps to enhance security measures and operational flexibility in the affected regions.

By Anshika Sinha

U.S. military destroys two Houthi vessels in Red Sea

Israel · Aug 14, 2024

The Houthi group has intensified these attacks in response to Israel's ongoing military actions in Gaza, asserting that they will continue until Israel ends its campaign.

By Kritika Priya

Second maritime incident reported near Yemen

Israel · Aug 13, 2024

The first explosion, reported by the vessel's master, happened around 63 nautical miles (about 116 kilometers) southwest of Hodeidah.

By Kritika Priya

Missile attack follows rocket assault on vessel near Yemen’s coast, UK maritime agency reports

Israel · Aug 9, 2024

The UKMTO, which monitors maritime security in the region, has issued an alert for vessels operating in the vicinity, urging them to proceed cautiously.

By Kritika Priya

Maersk raises profit forecast by $2 billion amid Red sea shipping disruptions

Maritime & Trade · Aug 3, 2024

The increase in profit expectations comes as Maersk grapples with significant operational issues in the Red Sea, a critical transit route for international shipping.

By Anshika Sinha

China condemns assassination of Hamas leader in Tehran

China · Aug 1, 2024

China has characterized the incident as a deliberate attempt to disrupt peace efforts and a clear violation of the UN Charter's principles of sovereignty and territorial integrity.

By Kritika Priya

GAC predicts steady growth for China’s foreign trade despite external challenges

China · Jul 31, 2024

Data from GAC revealed a 6.1 percent year-on-year increase in the country's goods trade volume, reaching 21.17 trillion yuan (approximately 2.97 trillion USD) from January to June.

By Kritika Priya

Houthi media reports air strikes on Yemen’s Hodeida port

Israel · Jul 20, 2024

Hodeida port, situated on Yemen's western coast along the Red Sea, serves as a lifeline for the importation of food, fuel, and humanitarian supplies into the country, which has been grappling with a protracted conflict since 2014.

By Garima Singla

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Latest Articles

Red Sea global reports significant progress on AMAALA development in Saudi Arabia

EU and Saudi Foreign ministers discuss efforts to end Gaza conflict

DP World’s H1 net profit plummets 59% amid Red Sea disruptions

U.S. military destroys two Houthi vessels in Red Sea

Second maritime incident reported near Yemen

Missile attack follows rocket assault on vessel near Yemen’s coast, UK maritime agency reports

Maersk raises profit forecast by $2 billion amid Red sea shipping disruptions

China condemns assassination of Hamas leader in Tehran

GAC predicts steady growth for China’s foreign trade despite external challenges

Houthi media reports air strikes on Yemen’s Hodeida port