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Markets

Will shipping stocks rally caused by Red Sea woes last?

Shares of major European maritime shippers such as Maersk and Hapag-Lloyd have substantially surged in value due to Red Sea disruptions, with increased costs passed on as higher freight rates. Goldman Sachs and J.P Morgan analysts discuss whether this trend is likely to last.

Europe Decoded

EU states try to 'strike the right balance' on US operation in Red Sea

European Union allies have been reluctant to back a United States-led naval operation to safeguard ships from attacks by Houthi militants in the Red Sea.

Yemen

US forces shoot down Houthi missiles in Red Sea

A US spokesperson says their forces also killed several gunmen during the attack by Yemen's Houthi rebels.

Israel

Red Sea strife: All you need to know about the crisis hampering world trade

Attacks by Houthis have severely disrupted shipping in the Red Sea, a vital waterway that accounts for 12% of world trade.

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Business

Shipping giant Maersk prepares to restart operations in Red Sea

Denmark's Maersk, like several other shipping companies, had paused Red Sea journeys due to Houthi attacks in the area.

World News

Pentagon: Drone launched from Iran strikes tanker in Indian Ocean

A drone launched from Iran struck a chemical tanker in the Indian Ocean early on Saturday, in what appears to be the first attack on a commercial vessel outside the Red Sea since a recent flurry in the area.

Economy

New risk to inflation? Cost of the Red Sea attacks on global trade

Higher shipping costs and longer delivery times bring a new risk to global inflation.

Yemen

Shipping companies abandon Red Sea routes over Houthi attacks

The decision comes as a British destroyer shoots down a 'suspected attack drone' in the ocean which lies between Asia and Africa.

Yemen

US warship and multiple commercial ships come under attack in Red Sea

The Pentagon made the announcement as a British ship was reportedly hit by rocket fire in Red Sea off Yemen coast. Drone activity has also been reported in the area which separates East Africa from the Arabian Peninsula.

Yemen

Yemen's Houthi rebels seize Israeli-linked cargo ship in Red Sea

They took over two dozen crew members hostage and raised fears that regional tensions are heightening over the Israel Hamas war

Destinations

Will Saudi Arabia be the world’s best scuba diving destination?

Saudi Arabia’s 28,000 square kilometre development on the Red Sea coast is focused on two destinations: Red Sea Global and Amaala. The project will bring a plethora of luxury hotels, dining and outdoor experiences to visitors - all with a sustainable attitude.

Destinations

Will Alula be the new arts centre of the Middle East?

With airport expansion plans and new attractions, the ancient city of AlUla could soon be the arts and culture hub of Saudi Arabia.

Egypt

Three British tourists missing after boat catches fire in Red Sea

A medium-sized scuba diving boat, christened “Hurricane,” went up in flames off the southern Red Sea resort town of Marsa Alam.

Travel News

Russian man killed in shark attack at Egyptian Red Sea resort

A 74-kilometre stretch of the coastline will remain closed off until Sunday.

Earth News

The UN is racing to prevent one of the worst oil spills of all time

Eight years after the Safer super tanker got stranded in the Red Sea, the UN has reached a 'critical milestone' for averting disaster.

Egypt

Two European tourists killed in shark attacks off Egyptian coast

A Romanian and an Austrian tourist have died after separate shark attacks off the Egyptian coast in three days, prompting the authorities to close off a stretch of its coastline.

Destinations

Saudi Arabia is open to tourists, here's why you should go

Saudi Arabia has very diverse landscapes, topography and culture with plenty to offer outside of the heat of the desert.

Destinations

Why Saudi Arabia is an inspiring destination for regenerative tourism

The Red Sea Project is on Saudi Arabia’s northwest coast is determined to be 100% sustainable.

Travel News

47 tourists hospitalised with food poisoning at popular Red Sea resort

An investigation is underway to determine how so many people contracted food poisoning in an Egyptian resort town.

Destinations

From diving to kitesurfing: A guide for discovering the Red Sea

The Red Sea’s coastline is fast becoming a popular destination for sun-seekers and water sport enthusiasts alike.