Egypt’s Suez Canal Authority Monitoring Tensions in Red Sea 

A Suez Canal Authority (SCA) tugboat works to salvage a navigational emergency and technical malfunction sustained by a container vessel “ONE ORPHEUS” during its transit through the Suez Canal in Egypt December 6, 2023. (Suez Canal Authority/Handout via Reuters)
A Suez Canal Authority (SCA) tugboat works to salvage a navigational emergency and technical malfunction sustained by a container vessel “ONE ORPHEUS” during its transit through the Suez Canal in Egypt December 6, 2023. (Suez Canal Authority/Handout via Reuters)
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Egypt’s Suez Canal Authority Monitoring Tensions in Red Sea 

A Suez Canal Authority (SCA) tugboat works to salvage a navigational emergency and technical malfunction sustained by a container vessel “ONE ORPHEUS” during its transit through the Suez Canal in Egypt December 6, 2023. (Suez Canal Authority/Handout via Reuters)
A Suez Canal Authority (SCA) tugboat works to salvage a navigational emergency and technical malfunction sustained by a container vessel “ONE ORPHEUS” during its transit through the Suez Canal in Egypt December 6, 2023. (Suez Canal Authority/Handout via Reuters)

Egypt's Suez canal authority said on Sunday it was closely monitoring the impact of tensions in the Red Sea after recent attacks by Yemen's Iran-backed Houthi militias on vessels in the southern part of the basin.

Two major freight firms including MSC, the world's biggest container shipping line, said on Saturday they would avoid the Suez Canal as Houthi militants stepped up their assaults.

The authority is "closely following the consequences of current tensions," the body's chairman, Osama Rabie, said in a statement. Maritime traffic in the canal was currently normal, he added, without going into further detail.

The Houthis have launched attacks against vessels in the region in protest against Israel's bombardment and invasion of Gaza that has killed almost 19,000 Palestinians, according to Gaza health officials.

Since Nov. 19, 55 ships have rerouted via the Cape of Good Hope, while 2,128 have crossed the canal in the same period, the Suez canal authority said.

Rabie said that on Sunday, 77 ships crossed the canal, including some ships belonging to shipping lines that had announced temporary diversions. Those were vessels that were already in the Red Sea region before the announcements were made.



Saudi Arabia Strengthens Relations with Danish Private Sector to Boost Bilateral Trade

Saudi Industry Minister strengthens relations with Danish private sector to boost bilateral trade. (SPA)
Saudi Industry Minister strengthens relations with Danish private sector to boost bilateral trade. (SPA)
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Saudi Arabia Strengthens Relations with Danish Private Sector to Boost Bilateral Trade

Saudi Industry Minister strengthens relations with Danish private sector to boost bilateral trade. (SPA)
Saudi Industry Minister strengthens relations with Danish private sector to boost bilateral trade. (SPA)

Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, held a series of bilateral meetings on Friday with leaders of several leading Danish companies in the industry and mining sectors. Discussions covered joint investment opportunities, as well as the enablers and incentives offered by the Kingdom to investors, the Saudi Press Agency reported.
The meetings focused on strengthening cooperation in the industrial and mining sectors between the two sides, with an emphasis on leveraging the strategic opportunities presented by the National Strategy for Industry across its 12 priority sectors that the Kingdom aims to localize and develop. This was discussed alongside the opportunities provided by the comprehensive mining strategy, in line with the objectives of Saudi Vision 2030.
Alkhorayef also met with executives from the pharmaceutical, food, and mining sectors, including FLSmidth, Danfoss, Novo Holdings, Novonesis, and Arla Foods.
The visit reflects Saudi Arabia’s continued efforts to deepen economic partnerships with leading industrial nations and attract global expertise to accelerate the growth and competitiveness of the Kingdom's industrial and mining sectors.