Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were positive indicators for the return of stability in the region.
Osama Rabie, Chairman of the Suez Canal Authority, Reuters/Mohamed Abd El Ghany
Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were positive indicators for the return of stability in the region.
Iran-backed Houthi militants have attacked vessels in the Red Sea area since November 2023, disrupting global shipping lanes by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa, raising the costs for insurers.
Reporting by Momen Saeed Atallah
Catalyst Mines Inc. has announced significant new findings from its trenching campaign at the Amasine Project in Morocco’s Siroua region, identifying high-grade chromite mineralization alongside cobalt and nickel anomalies.
Egypt has officially welcomed the signing of a Declaration of Principles between the Democratic Republic of Congo (DRC) and Rwanda, calling it a major step toward lasting peace, stability, and economic development in Africa’s Great Lakes region.
On Saturday, a Hamas official said the group was prepared to release all remaining hostages held in Gaza in exchange for a five-year truce with Israel. Hamas representatives are currently in Cairo for talks with Egyptian mediators.
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