French shipping group CMA CGM said on Saturday it was pausing all container shipments through the Red Sea in the wake of attacks on commercial vessels in the region.
Portrait of Rodolphe Saade, chairman of CMA CGM marine logistic company © Mena Today
French shipping group CMA CGM said on Saturday it was pausing all container shipments through the Red Sea in the wake of attacks on commercial vessels in the region.
"The situation is further deteriorating and concern of safety is increasing," the Marseille-based group said in a statement.
"As such we have decided to instruct all CMA CGM container ships in the area that are scheduled to pass through the Red Sea to reach safe areas and pause their journey in safe waters with immediate effect until further notice."
Yemen's Houthi movement fired missiles at Saudi Arabia after accusing the kingdom of bombing an airport under their control on Monday, breaking a four-year truce in the conflict between the kingdom and the Iran-aligned group.
Sharjah Islamic Bank (SIB) posted a net profit after tax of $218.9 million (AED803.9 million) for the first half of 2026, up 15.3 percent from $189.9 million (AED697.2 million) a year earlier.
The Iran-aligned Houthi movement that controls northern Yemen accused Saudi Arabia on Monday of launching airstrikes against the international airport in Sanaa, and vowed to retaliate.
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