The International Energy Agency (IEA) reported that this year’s oil demand growth will likely hit 1.3 million …
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Houthi attacks
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FeatureIndustry & Trade
Oil tanker crisis intensifies as Red Sea attacks divert trade
by Aya El Sayedby Aya El SayedThe oil tanker industry’s old warnings about a shortage of new ships are now impacting the market …
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Fuel sales at one of the busiest ports in the world are rising as a result of …
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TotalEnergies stated that the journey of its ships to Europe has been prolonged since the company stopped …
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FeatureIndustry & TradeInternational NewsMENA NewsNewsTech/AI
Hapag-Lloyd to offer transits in S. Arabia over Red Sea attacks
by Sama Mousaby Sama MousaGerman shipping giant Hapag-Lloyd will introduce land corridors through Saudi Arabia to mitigate the impact of the …
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FeatureIndustry & TradeInternational NewsMENA NewsNewsTech/AI
Bunker fuel prices soar amid Red Sea diversions
by Sama Mousaby Sama MousaBunker fuel prices soared in Africa and the Mediterranean amid increasing demand due to the diversions in …
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Tesla Inc. has cut the prices of its Model Y electric vehicle (EV) in Germany, Reuters reported …
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FeatureIndustry & TradeInternational NewsMENA NewsNewsTech/AI
Japan’s NYK suspends Red Sea navigation
by Sama Mousaby Sama MousaJapan’s Nippon Yusen (NYK), the country’s biggest shipper by sales, put on hold Red Sea navigation for …
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Egypt NewsFeatureIndustry & TradeInternational NewsMENA NewsNewsTech/AI
Qatar, Russia divert vessels from Red Sea
by Sama Mousaby Sama MousaQatar and Russia, suppliers of liquefied natural gas, are avoiding the Suez Canal in light of heightened …
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FeatureInternational NewsMENA NewsNewsTech newsTech/AI
Suzuki halts Hungary plant for 1 week over Red Sea attacks
by Sama Mousaby Sama MousaSuzuki Motor said on Monday it will halt production of its Vitara and S-CROSS in Hungary for …
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