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…
Browsing: Suez Canal
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…
After briefly halting traffic in the Suez Canal, which is essential for international trade, a ship has been refloated. Around 10am Egypt time, the Suez Canal…
In an effort to boost revenue amid a cash crunch, Egypt increased prices on Tuesday for transit fees related to the Suez Canal. In a statement…
Egypt’s Suez Canal Authority said today it will be increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1. This is…
The Egyptian Border Guard Force yesterday, foiled an attempt to smuggle into the country large quantities of arms, ammunition, and technical equipment through the Suez Canal.…