Saudi Okaya activates Red Sea logistics infrastructure system
Saudi Arabia's Okaya has officially opened its commercial operations for the Red Sea services platform. The article also mentions Lebanon's international bonds recovering from previous losses to approach 30% of their par value.
The Saudi company Okaya has achieved the commercial launch of the Red Sea services infrastructure system. This operational milestone marks a specific step in deploying the digital logistics network across the region. In separate financial market activity, Lebanon's international bonds (youbonds) have moved close to 30% of their par value. Trading values for these debt instruments reached levels near this threshold following a series of rises totaling approximately 28% from the start of the year. Foreign demand for holding these bonds continues to influence trading prices. This activity occurs while Lebanon's economy remains in a state of high uncertainty due to ongoing conflicts and stalled efforts by the government to restructure public debt.
