Saudi Arabia
Why Saudi-UAE trade ties remain resilient despite Yemen tensions
Turmoil in Yemen's south has exposed a major feud between Saudi Arabia and the United Arab Emirates, yet their $30 billion trade ties are proving remarkably resilient.
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."
Turmoil in Yemen's south has exposed a major feud between Saudi Arabia and the United Arab Emirates, yet their $30 billion trade ties are proving remarkably resilient.
Yemeni separatist leader Aidarous al-Zubaidi, who took up arms early in life and never shied away from joining conflicts, shows no signs of abandoning his dream of creating an independent state in the south.
The Emirate of Ajman recorded impressive real estate activity in December, with 1,623 transactions valued at AED2.78 billion, representing a 22 percent increase compared to the same period in 2024.
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