Hapag-Lloyd to Decide on Wednesday About its Red Sea Routes 

Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)
Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)
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Hapag-Lloyd to Decide on Wednesday About its Red Sea Routes 

Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)
Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)

Germany's Hapag-Lloyd will decide on Wednesday how it will proceed with its Red Sea routes after suspending shipments there in response to safety concerns, a spokesperson said on Tuesday.

Several firms stopped transiting the Red Sea after attacks earlier in December against ships, disrupting global trade through the Suez Canal.

Denmark's Maersk said on Sunday it was preparing to resume shipping operations in the Red Sea and the Gulf of Aden, citing the deployment of a US-led military operation designed to ensure the safety of commerce in the area.

"We will decide tomorrow how we will proceed," the Hapag-Lloyd spokesperson said.



Saudi and Qatari Finance Ministers Sign Cooperation MoU

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
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Saudi and Qatari Finance Ministers Sign Cooperation MoU

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari have signed an MoU to cooperate in the finance sector.

The MoU was signed Thursday on the sidelines of the 122nd meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee in Doha, Qatar.
‏Aljadaan said that the MoU is part of efforts to strengthen relations between Saudi Arabia and Qatar in the finance sector, including microeconomic policy, public sector laws, and legislation to enhance economic growth in the region.
‏Al Kuwari noted the importance of the MoU and its potential impact in exchanging expertise and information in the finance sector to enhance and strengthen relations between the two nations.