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Eurasia
24/02/2024 19:10
Egyptian President Abdel Fattah al-Sissi says revenues from the Suez Canal have “decreased by 40 to 50 percent” so far this year due to attacks on shipping by Yemen’s Houthi rebels, Times of Israel reported.
The canal is one of Egypt’s main sources of foreign currency, with Cairo gripped by a severe financial crisis.
The Houthi attacks, which the group says are targeted at vessels with links to Israel in solidarity with the Palestinians in the war-torn Gaza Strip, have caused many major shipping firms to suspend passage through the Red Sea, which usually carries around 12 percent of global trade.
The Hungarian government has signed a strategic cooperation agreement with one of the largest car manufacturers. The agreement with BYD means that future cars will also be manufactured in Hungary, Viktor Orbán emphasised in his speech.
In recent years, the Republic of Uzbekistan has been consistently expanding its foreign economic ties with European countries, and Hungary is playing an increasingly significant role in this process. The elevation of relations to the level of strategic partnership, the intensification of bilateral dialogue, as well as the growth of investment activity by Hungarian companies in Uzbekistan, demonstrate the high potential for cooperation between the two countries.
U.S. President Donald J. Trump announced a landmark $600 billion investment commitment from Saudi Arabia into the United States, during the second day of his Middle East tour on Tuesday.