Egypt’s GDP growth rate climbed to 4.3% in the second quarter of the 2024/25 fiscal year, a significant rise from the 2.3% recorded in the same…
Browsing: Suez Canal
Egyptian President Abdel Fattah al-Sisi said on Monday that the Suez Canal is losing approximately $800 million in monthly revenue due to ongoing regional instability, as…
The Red Sea crisis, sparked by Houthi attacks on Israel-linked vessels in November 2023, did not result in a sustainable alternative shipping route to replace the…
Egypt has successfully tested a new 10-kilometre (6.2-mile) extension to the Suez Canal, aiming to reduce the impact of currents on shipping and increase the waterway’s…
Egypt’s middle class is bearing the brunt of economic reforms backed by the International Monetary Fund (IMF), with many struggling to afford what were once considered…
The passage of an Israeli warship through the Suez Canal has ignited a wave of controversy on social media in Egypt, leading to protests in Cairo.…
Egypt has lost $6 billion in revenue from the Suez Canal due to rising geopolitical tensions in the Middle East, President Abdel Fattah al-Sisi revealed on…
Egypt has been the country most affected by the ongoing escalation in the Red Sea, according to Egyptian Foreign Minister Badr Abdelatty, who spoke on Monday…
The world’s most significant trade waterways have seen multiple accidents in recent years, that have affected supply chains in a variety of businesses and economies, according…
Osama Rabie, the head of Egypt’s Suez Canal authority, has disclosed that dollar revenues from the Suez Canal have experienced a significant 40% decline since the…