Egypt signed a $220 million deal with UAE, Bahrain, and China to build a solar cell, panel, and energy storage complex in the Suez Canal Economic Zone.
Egypt signs $220 million deal to build a major solar energy complex Read More »
Egypt and AD Ports agree to build a logistics and industrial zone near Port Said under a 50-year deal with $120 million in initial investment.
Egypt inks 50-year deal with AD Ports for new trade zone build Read More »
Trump asserts that American ships should have toll-free access to the Panama and Suez canals and orders immediate diplomatic action to secure it.
Trump demands free passage for US ships in Egypt’s Suez Read More »
Egypt’s annual consumer inflation nearly halved in February, though economic challenges and the impact of the war in Gaza persist.
Egypt’s inflation rate drops significantly in February Read More »
Since November 2023, Iran-backed Houthi militants have attacked vessels in the Red Sea, causing significant disruptions to global shipping
47 ships rerouted to Suez Canal in February, chairman says Read More »
Despite recent Houthi claims that they would scale back attacks, Maersk announced last week it would continue diverting ships away from the Gulf of Aden and Red Sea
Suez Canal chief says signs of stability emerging in Red Sea Read More »
President Abdel Fattah al-Sisi announced that the Suez Canal suffered a significant revenue loss of approximately $7 billion in 2024 due to regional challenges.
Egypt’s Suez Canal revenues plunge amidst regional instability Read More »
Suez Canal is one of Egypt’s main sources of foreign currency
Egypt reports $6B drop in Suez Canal revenue amid regional tensions Read More »
Egypt’s foreign minister has condemned Israel’s attacks on Gaza and called for an immediate ceasefire to end the current crisis in the Red Sea.
Egypt faces heavy losses from Red Sea escalation Read More »
The decline is a blow to Egypt’s economy as it faces a financial crisis.
Egypt’s canal revenue drops 23.4% due to Red Sea attacks Read More »
