5.6-magnitude earthquake strikes north of Egypt’s Suez
Strong earthquake strikes north of Suez without causing damage
5.6-magnitude earthquake strikes north of Egypt’s Suez Read More »
Suez Canal
Red Sea crisis threatens African stability amid global tensions
Maritime disruptions and global tensions are increasing economic and security pressures on Africa, with analysts warning of instability and reduced attention to ongoing regional conflicts.
Red Sea crisis threatens African stability amid global tensions Read More »
Egypt warns Middle East war could trigger price surge, instability
Egyptian President Abdel Fattah al Sisi warned the Middle East war could fuel inflation and economic strain as the Egyptian pound weakened and trade risks increased.
Egypt warns Middle East war could trigger price surge, instability Read More »
Egypt signs $220 million deal to build a major solar energy complex
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 inks 50-year deal with AD Ports for new trade zone build
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 demands free passage for US ships in Egypt’s Suez
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 inflation rate drops significantly in February
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 »
47 ships rerouted to Suez Canal in February, chairman says
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 »
Suez Canal chief says signs of stability emerging in Red Sea
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
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Egypt’s Suez Canal revenues plunge amidst regional instability
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.
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