North Africa

Transport Infrastructure

Ukraine increases grain exports regardless of intensified Russian attacks

Ukraine is rushing to ship as much grain as it can this summer season, making the most of military gains it has actually made in the Black Sea location to enhance exports even as Russia has assaulted its ports. Ukraine is a significant international wheat and corn grower and in the past Russia's intrusion in 2022 the nation exported about 6 million lots of grain alone monthly through the Black Sea. Grain sales are an essential earnings source and while global prices are weak, Ukraine's cash-strapped farmers have little option but to press ahead with exports since they require to...

Transport Infrastructure

Major Gulf markets pull away on weak oil

Significant stock markets in the Gulf pulled back in early trade on Thursday following a decline in oil costs, although the Abu Dhabi index bucked the pattern. Saudi Arabia's benchmark index dropped 0.5%, weighed down by a 1% fall in Al Rajhi Bank and a 1.1% decline in the nation's greatest loan provider Saudi National Bank. Oil rates - a catalyst for the Gulf's financial markets - eased, as concerns over weak demand in China, the world's. biggest unrefined importer, and expectations of a nearing ceasefire. deal in the Middle East conquered gains in the previous session. after attracts U.S....

Transport Infrastructure

Suez Canal revenue drops as some shippers avoid Red Sea

The Suez Canal's yearly profits come by almost a quarter in its latest financial year as some shippers switched to alternative paths to prevent attacks by Iranaligned Houthis in the Red Sea. Osama Rabie, the head of the Egyptian canal's authority said on Thursday profits fell to $7.2 billion in its 2023-24 financial year from $9.4 billion the year before. Given that November, the Houthis have actually been attacking business vessels in the Red Sea and Indian Ocean to show assistance for Palestinian militant group Hamas in its battle against Israel. Rabie stated the variety of ships using the canal...

Passenger Transportation Services

Airlines suspend flights as Middle East tensions rise

Issues over a larger conflict in the Middle East have actually prompted global airline companies to suspend flights to the region or to prevent afflicted air area. Below are a few of the airline companies that have actually changed services to and from the region: AEGEAN AIRLINES The Greek airline cancelled all flights to and from Beirut, Amman and Tel Aviv until Aug. 19. AIR ALGERIE The Algerian airline company temporarily suspended flights to and from Lebanon up until further notification. AIRBALTIC Latvia's airBaltic cancelled all flights to and from Tel . Aviv up until Aug. 18. AIR INDIA The...

Passenger Transportation Services

Airlines suspend flights as Middle East stress increase

Issues over a broader conflict in the Middle East have prompted global airlines to suspend flights to the region or to avoid afflicted air area. Below are some of the airlines that have adjusted services to and from the area: AEGEAN AIRLINES The Greek airline cancelled all its flights to and from Beirut, Amman and Tel Aviv until Aug. 19. AIR ALGERIE The Algerian airline company temporarily suspended flights to and from Lebanon until further notice. AIRBALTIC Latvia's airBaltic cancelled all flights to and from Tel . Aviv up until Aug. 18. AIR INDIA The Indian flag provider suspended scheduled...

Passenger Transportation Services

Airlines suspend flights as Middle East tensions rise

Issues over a larger dispute in the Middle East have triggered worldwide airlines to suspend flights to the region or to avoid affected air area. Below are some of the airline companies that have adjusted services to and from the region: AIR ALGERIE The Algerian airline company momentarily suspended flights to and from Lebanon till additional notification. AIR INDIA The Indian flag carrier suspended set up flights to and from Tel Aviv until additional notice. AIR FRANCE-KLM Air France has extended its suspension of flights between Paris and Beirut until Aug. 11. Its Dutch arm KLM, from early in August,...

Passenger Transportation Services

Airlines suspend flights as Middle East tensions increase

Issues over a broader dispute in the Middle East have prompted worldwide airline companies to suspend flights to the area or to avoid affected air area. Below are a few of the airline companies that have actually changed services to and from the area: AIR ALGERIE The Algerian airline company momentarily suspended flights to and from Lebanon until more notification. AIR INDIA The Indian flag carrier suspended scheduled flights to and from Tel Aviv through Aug. 8. AIR FRANCE-KLM Air France has actually extended its suspension of flights between Paris and Beirut till Aug. 11. Its Dutch arm KLM, from...