Maersk, Hapag-Lloyd delay Red Sea return
Maersk and Hapag-Lloyd, two of the world's leading shipping companies, stated on Thursday that they do not foresee…
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Suez Canal
Fitch’s BMI downgrades Egypt’s growth forecast for FY2024/25
Egypt’s economic growth forecast for FY2024/25 has been revised down from 4.2 to 3.7 per cent, Fitch's BMI research…
Sisi lauds Egypt’s comprehensive cooperation with Russia
Egypt’s President Abdel Fattah El Sisi expressed his appreciation for participating in BRICS summit hosted by…
S&P affirms Egypt rating at B-/B, positive outlook
S&P Global Ratings affirmed Egypt’s sovereign credit ratings at ‘B-/B’ on October 18, 2024, assigning a…
Oil flow through Red Sea falls by 50% in ’24 – EIA
Oil flows through the Bab el-Mandeb Strait, a key chokepoint at the Red Sea's southern entrance, have fallen by…
Egypt’s Suez Canal revenues plummet by 64% in Q4
Egypt’s Suez Canal's revenues declined 64 per cent during the fourth quarter of the last fiscal year, according to…
Suez Canal revenue down amid Red Sea unrest
The Suez Canal's annual revenue went down to $7.2 billion in the latest fiscal year, down nearly a quarter, as some…
World shipping costs surge amid market uncertainty
The Drewry World Container Index reported a spot rate of $9,387 on July 11, more than double February's rate but…
Egypt initiates economic reforms amid global challenges – FinMin
Egypt has initiated economic reforms to address challenges and reduce risks from global and regional crises for…
Egypt plans to invest EGP 9.7b in Suez governorate
Egypt’s Ministry of Planning and Economic Development allocates a total of 9.7 billion Egyptian pounds for 189…
