Egypt, Suez Canal

Suez Canal revenues plunge by 60 percent as Egypt faces economic and political turmoil
Egypt’s Suez Canal has seen its revenues nosedive by more than 60 percent in 2024 compared to the previous year, amounting to a staggering $7 billion loss, according to a statement released on Thursday.
Regional challenges cost Egypt around $7 billion of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday. Revenue from the vital international waterway is down over 60 ...
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
Egypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks by Yemen's Houthis on ships in the Red Sea, Egyptian President Abdel Fattah El-Sisi said on Thursday.
Regional challenges cost Egypt around $7 bln of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday.
Egypt central bank keeps overnight interest rates steady
Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was ...
Greek Reporter7h
Looters of Ancient Greek and Roman Artifacts Arrested in Egypt
Authorities in Egypt have arrested two men for attempting to steal hundreds of ancient Greek and Roman artifacts from the ...
Two arrested in Egypt after attempting to steal hundreds of ancient artifacts from the bottom of the sea
Egyptian authorities have arrested two men for attempting to steal hundreds of ancient artifacts from the bottom of the sea, ...
Egypt Holds Key Rate Even as Inflation Shows Signs of Easing
Egypt’s held its benchmark interest rate steady on Thursday, opting to keep it at a record high even as double-digit ...
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North ...
Trinasolar to supply Elementa 2 platform for Egypt’s Abydos Solar PV project
Chinese solar photovoltaic (PV) module-maker Trinasolar has announced a partnership with AMEA Power to deploy its Elementa 2 ...
Egypt will have access to $1.2 billion subject to IMF board approval, fund says
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended ...
Global Finance16h
Egypt Ends Bank IPO Dearth
During the bell-ringing ceremony, Central Bank of Egypt (CBE) Governor Hassan Abdalla emphasized the significance of the ...
sis1h
Egypt committed to enhancing collaboration with CEN-SAD: FM
Minister of Foreign Affairs Badr Abdelatty has underlined Egypt’s commitment to bolstering joint efforts with the Community ...