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Red Sea crisis

Red Sea crisis latest

Dubai port DP World reports 60% losses amid Houthi Red Sea disruptions
August 15th, 2024 - 10:49 GMT

Dubai port DP World reports 60% losses amid Houthi Red Sea disruptions

ALBAWABA – Dubai Port operator DP World, said on Thursday that its half-year earnings dropped by about 60%, attributing this decline to the Red Sea disruptions brought by Houthis in Yemen in response to the ongoing Israeli aggression on Gaza. Since November, the Houthis have targeted ships passing through the Red Sea passage with ties to Israel in response to what has been called a “genocide” against the Gazan population ...
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