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The Red Sea serves an important role in the global economy, with cargo vessels traveling between the Indian Ocean and the Mediterranean Sea every year, thus shortening the path between Asia and Europe almost by half (as compared to traveling around Africa via the Atlantic Ocean).
Attacks by Iran-backed militants in the Red Sea have effectively closed one of the world’s main trade routes to most container ships — vessels that carry everything from car parts to Crocs ...
is the red sea route important for the lng market? The attacks have made reaching the Suez Canal more perilous. About 12% of world shipping traffic transits the canal and 4-8% of global LNG ...
The Bab-el-Mandeb acts as a strategic link between the Indian Ocean and the Mediterranean Sea via the Red Sea and the Suez Canal. Most exports of petroleum and natural gas from the Persian Gulf that transit the Suez Canal or the SUMED Pipeline pass through both the Bab el-Mandeb and the Strait of Hormuz. [4]
The Red Sea project, between the cities of Umluj and Al-Wajh, will develop 22 of the 90 islands, and will be powered by 100% renewable energy, says the developer.By 2030 it is expected to comprise ...
View of Aqaba One of the many resorts in the city Shatt Al-Ghandour gardens The Red Sea Summit in Aqaba in 2003. Benefiting from its location and status as Jordan's special economic zone, Aqaba's economy is based on the tourism and port industry sectors. [4] [7] The economic growth in Aqaba is higher than the average economic growth in the ...
The Red Sea and the Gulf of Aden, to the south of Yemen, are already listed by the JWC, as both areas have required notification of voyages since 2009. The decision to expand the high-risk area ...
The planned Red Sea–Dead Sea Canal, shown in red, would have lain entirely in Jordan and would have been implemented by Jordan. The Red Sea–Dead Sea Conveyance (RSDSC), sometimes called the Two Seas Canal, was a planned pipeline to run from the coastal city of Aqaba by the Red Sea to the Lisan area in the Dead Sea. Its abandonment was ...