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2026-08-09T09:48:25.000Z

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Syria withdraws old currency and opens new outlets

الاقتصاديةالاقتصاديةالاقتصادية
19 Hrs2026-08-09T19:04:00.000Z
Syria withdraws old currency and opens new outlets

El-Erian on Wall Street Gains and Economic Slowdown

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20 Hrs2026-08-09T17:49:00.000Z
El-Erian on Wall Street Gains and Economic Slowdown

British investor buys 20 falcons in Riyadh auction

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21 Hrs2026-08-09T17:11:33.920Z
British investor buys 20 falcons in Riyadh auction

Talal Madah the East's lyre

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22 Hrs2026-08-09T16:12:00.000Z
Talal Madah the East's lyre

Afghanistan's landscape altered by gold mining

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22 Hrs2026-08-09T16:08:00.000Z
Afghanistan's landscape altered by gold mining
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Djibouti economy strained by Bab al-Mandab tensions

Djibouti economy strained by Bab al-Mandab tensions

Djibouti is facing increasing economic repercussions due to security tensions in the Bab el-Mandeb Strait, one of the world's most important maritime passages. Despite security concerns, maritime traffic continues, albeit with caution. Authorities indicate that the current situation remains relatively stable, with ships still passing through, though some shipping companies are exercising greater caution. Closing or disrupting the strait could elevate transportation costs, delay supply chains, and impose additional burdens on Djibouti's ports due to higher fuel, insurance, and labor expenses. Additionally, rerouting ships around Africa would add approximately 14 days to voyage durations, slowing global trade and increasing costs. Djibouti emphasizes that the stability of this waterway is essential to safeguard international trade movement and rejects imposing charges on ships without compensation. The country affirms that any unilateral decisions by Yemen or others that threaten maritime security could jeopardize navigation safety and place further burdens on economies dependent on this key passage.

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