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Egypt, Suez Canal
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.
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.
10h
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 ...
2d
on MSN
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, ...
22h
Egypt Seen Holding Record Rate Even as Inflation Slightly Eases
Egypt will probably hold interest rates at a record high, seeking to ensure inflation keeps slowing before embarking on its ...
Global Finance
8h
Egypt Ends Bank IPO Dearth
During the bell-ringing ceremony, Central Bank of Egypt (CBE) Governor Hassan Abdalla emphasized the significance of the ...
2d
on MSN
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 ...
1d
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 ...
Energy Central
24m
SCZone signs 30 MoU to boost hydrogen sector in Egypt
Walid Gamal El-Din, announced that the authority has signed 30 memoranda of understanding (MoUs), 14 of which are active, ...
6d
Egypt's First-ever Asylum Law Fuels Concerns Over Refugee Rights
Egypt adopted its first-ever asylum law this week, but it has sparked concerns among human rights groups who warn it takes a ...
fingerlakes1
12h
Essential Things You Should Know Before Visiting Egypt
Visiting the historical sites of Egypt: Egypt is well- known for having a good history since ancient times. Moreover, it also ...
The Africa Report
2d
In post‑revolution Egypt, ‘journalism is demonised’
During the Egyptian revolution, known as the Arab Spring, journalists were poised to finally have the freedom to tell the ...
2d
Uncertainty clouds fate of Syrians in Egypt after Assad ouster
Syrian refugees and residents in Egypt face an uncertain future as new regulations may jeopardise their right to remain in ...
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Related topics
Syria
Israel
Suez Canal
Red Sea
United States
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