The attacks by the Houthis on ships in the Red Sea have resulted in a change in cargo transportation so that shipping companies between Asia and Europe use the long route through the Cape of Good Hope.
Because of this, many of the ships stopped visiting the port of Jebel Ali - the largest artificial water port in the world and one of the important elements that turned Dubai into a regional trade center. This is not a simple blow to the economy of the Emirates.
The "deletion" of Jebel Ali from the world shipping map is reflected in the results of the giant company Dee Phi World, which operates Jebel Ali Port.
This Emirati company that operates ants all over the world reported on Thursday a 50% drop in its profits. In the first half of this year, the company's profit reached 265 million dollars compared to 651 in the first half of 2023.