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.



SAMA Licenses 'Nama United Financing' Company to Provide Finance Activity

SAMA Licenses 'Nama United Financing' Company to Provide Finance Activity
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SAMA Licenses 'Nama United Financing' Company to Provide Finance Activity

SAMA Licenses 'Nama United Financing' Company to Provide Finance Activity

The Saudi Central Bank (SAMA) licensed "Nama United Financing" company to provide real-estate finance, production assets finance, small and medium enterprise finance, finance lease, and consumer finance.

According to SPA, this addition brings the number of finance companies licensed and permitted by SAMA to 64 companies.
This decision reflects SAMA's endeavour to support the Finance sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.