The global shipping industry is turning its attention to the Red Sea as fears grow that the Bab el-Mandeb Strait could become the next major maritime chokepoint if tensions in the Middle East continue to escalate. Read also: Strait of Hormuz Traffic Drops to 11 Ships on July 12 Amid US-Iran Strikes With the Strait…

A massive fireball illuminated the skies near Beit Shemesh, a powerful blast-like sound carried across central Israel and dozens of videos flooded social media. For many Israelis watching that Saturday night two months ago, in the middle of the war with Iran, it appeared that something had gone badly wrong at one of the country’s…

Dubai, United Arab Emirates, July 16 Brussels Morning Newspaper — Shipping insurance costs are climbing as continued disruption in the Strait of Hormuz creates new challenges for Gulf economies. Higher maritime risk premiums are increasing the cost of transporting crude oil, liquefied natural gas, and commercial cargo through one of the world’s busiest shipping routes. The increase in…

Gin wasn’t invented in the United Kingdom; it was the Dutch who first used jenever, or juniper berries, as a medicinal tonic before infusing malt wine with their piney flavor. It was the UK, however, that took gin and made it a countrywide and then a global spirit, a staple of cocktail culture. Now the…

The United States has expanded its military campaign against Iran, with Tehran accusing Washington of striking civilian infrastructure as US forces carried out a sixth consecutive night of attacks. Iranian officials say a railway station and residential neighbourhoods have been hit, while elsewhere, bridges, water facilities, food silos and other civilian infrastructure have reportedly come…

The founding generation built the business, but what happens when control passes to the next generation — and later to the grandchildren? Behind every billionaire and millionaire in Israel stands a family. Some belong to the generation that helped build the state and, as they grow older, are passing the baton to the second and…

The resumption of hostilities between the US and Iran has undone the fragile recovery in maritime traffic through the Strait of Hormuz, with shipping volumes collapsing once again. Before the US-Israel-Iran war broke out in February, an average of 130 vessels transited the strait daily, but that figure dropped by over 90% during the conflict….

U.S. Ambassador to Turkey Tom Barrack on Friday promoted a new regional trade and security alignment in the Middle East centered around Iraq, Turkey and neighboring Arab states, appearing to sideline a similar regional project including Israel. Speaking at the U.S.-Iraq Business Summit, Barrack told attendees that Iraqi Prime Minister Ali al-Zaidi, who visited with…

Escalating tensions in West Asia have renewed global attention on the Red Sea, a crucial maritime corridor linking Europe and Asia through the Suez Canal. With concerns over potential Houthi attacks near the Bab el-Mandeb Strait, the region’s strategic importance for energy supplies, international trade and India’s economic interests has come into sharp focus amid…

The Israeli election is on October 27. Could tax policy be the key to constitutional harmony in Israel? One of the hottest topics today is checks and balances. There are three main branches of power in any government: (1) the legislature (Knesset, Congress, Parliament);  (2) the executive (government authorities); and (3) the judiciary. Some say…