Trade Routes
Djibouti president set to extend 22-year rule
Djibouti’s President Ismail Omar Guelleh is expected to extend his two-decade rule of the tiny Horn of Africa nation as the country heads to the polls Friday. Guelleh, 73, is facing political newcomer Zakaria Ismail Farah, his only rival after traditional opposition parties decided to boycott the election. A businessman specialised in the importation of cleaning products, Farah, 56, is seen by observers as unlikely to pose a significant challenge to the strongman who has been in power for 22 years. Djibouti is a largely desert country strategically situated on one of the world’s busiest trade routes and at the crossroads between Africa and the Arabian peninsula, a short distance from war-torn Yemen. Under Guelleh, the country has exploited this geographical advantage, investing heavily in ...
Suez Canal reopens after stranded ship is freed
Traffic has resumed in Egypt’s Suez Canal after a stranded container ship blocking it for nearly a week was finally freed by salvage crews. Tug boats honked their horns in celebration as the 400m-long (1,300ft) Ever Given was dislodged on Monday with the help of dredgers. Hundreds of ships are waiting to pass through the canal which links the Mediterranean to the Red Sea. It is one of the world’s busiest trade routes. Peter Berdowski, CEO of Dutch salvage company Boskalis, said the Ever Given had been refloated at 15:05 (13:05 GMT) on Monday, “thereby making free passage through the Suez Canal possible again”. Egyptian officials say the backlog of ships waiting to transit through should be cleared in around three days, but experts believe the knock-on effect on global shipping could take w...
