First Independent Mena Newspaper
East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]
The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted supply chains leading many in Europe to think of Morocco as an industrial hub and an alternative to Asia. Weeks-long attacks on commercial vessels led global shipping firms- including Denmarks’s Maersk and Taiwan’s Evergreen- to avoid the Red Sea and […]