International Monetary Fund

IMF and World Distraught by Middle East Instability

The IMF and World Bank expressed their fears over the repercussions of  instability in the Middle East. The war in Gaza and the Houthi's attacks in the Red Sea are jeopardizing the global economy. The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global ...

Red Sea Container Shipping Down 30% Over Attacks

The International Monetary Fund announced on Wednesday that container shipping through the Red Sea has decreased by nearly one-third this year due to ongoing attacks by Yemen's Houthis. Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen's Houthi rebels continue, the International Monetary Fund ...