Maersk to resume Suez Canal transits in early December after strategic deal
A.P. Moller-Maersk will begin sending container vessels through the Suez Canal again in early December under a…
Browsing Tag
Suez Canal
SCZONE attracts $21.1b in 10 years
Egypt's Suez Canal Economic Zone Authority (SCZONE) has attracted a total of $21.1 billion in investments over the…
Egypt’s Suez Canal sees return of ultra-large ships
The giant container ship CMA CGM JULES VERNE successfully transited Egypt’s Suez Canal on Saturday, marking the…
Egypt’s Suez Canal raises navigation safety by 28% with dual-lane expansion –…
Egypt’s Suez Canal has improved navigation safety by 28 per cent and expanded dual-lane areas in the southern…
Giant CMA CGM ship transits Suez Canal, signaling return of megavessels
The Suez Canal on Saturday welcomed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to…
Egypt’s Suez Canal traffic rises in July–October as regional calm returns –…
Navigation activity through Egypt’s Suez Canal improved between July and October 2025, with 4,405 vessels carrying…
Egypt advances creditworthiness, investment strategy – Minister El-Khatib tells…
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, met with Fitch Ratings officials to review the…
Suez Canal revenues drop 45.5% in FY 2024/2025 – CBE
Egypt's Suez Canal revenues dropped 45.5 per cent to $3.6 billion during fiscal year 2024/2025, compared to $6.6…
Egypt’s current account deficit narrows 25.9% in FY 2024/2025 – CBE
Egypt’s current account deficit narrowed by 25.9 per cent in the 2024/2025 fiscal year, supported by a surge in…
Egypt records strong growth in tourism, non-oil manufacturing in FY 2024/2025
Egypt recorded robust growth across key economic sectors in the fourth quarter and fiscal year 2024/2025, led by…
A Hypothetical Egyptian–Israeli Confrontation: Scenarios of a Wartime Economy
This article explores a hypothetical scenario grounded in Egypt’s current economic and political landscape.
Egypt, Antipollution Egypt discuss $150m green investment plan
Egypt’s Investment and Foreign Trade Minister Hassan El-Khatib met on Thursday with executives from Antipollution…
Giant cruise ship AROYA transits Suez Canal, third passage in a year
Egypt’s Suez Canal witnessed today the passage of the giant cruise ship AROYA as part of the North convoy, coming…
Suez Canal revenues improve but still below normal, PM says
Egypt's Suez Canal revenues have been negatively affected by attacks on shipping in the Red Sea, Prime Minister…
Egypt’s FinMin: Private investment fuels economic gains
Egypt’s Finance Minister Ahmed Kouchouk said reliance on the private sector “was well-placed,” reflecting in recent…
Egypt’s Sisi urges debt cost cuts, tighter fiscal discipline, enhanced social justice
Egyptian President Abdel Fattah El-Sisi on Saturday called on his government to step up efforts to cut debt…
Egypt’s Sisi extends Osama Rabie’s term as SCA chairman
Egypt’s President Abdel Fattah El-Sisi has issued Presidential Decree No. 426 of 2025, extending the service of…
Egypt’s Trasport Min. reviews Suez Canal firm ’24 financials
Egypt’s Minister of Industry and Transport Kamel El-Wazir chaired the annual general meeting of the Suez Canal…
Maersk raises profit outlook
A.P. Moller-Maersk has raised its full-year profit forecast to between $8 billion and $9.5 billion, up from a…
Egypt’s Sisi: Arab region facing exceptional circumstances since 2011
President Abdel Fattah El Sisi said on Wednesday that the Arab region has been going through exceptional…
Egypt’s Suez Canal marks $153b in revenues since nationalisation
Egypt’s Suez Canal has generated $153.4 billion in revenues and handled the passage of 1.1 million vessels since…
Suez Canal vital for stable global trade, Pakistan’s military chief says
The head of Pakistan’s armed forces said avoiding the Suez Canal is not a viable long‑term option for shipping…
Suez Canal chief reaffirms strategic role, sovereignty
Suez Canal Chairman Osama Rabie reaffirmed the Canal’s pivotal role in sustaining global supply chains, as the…
Egypt’s Suez Canal sees strong rebound, revenue doubling by 2030: IDSC
Egypt’s Suez Canal could see revenues reach $11.9 billion by the 2029/30 fiscal year, almost double current levels,…
Egypt’s Suez Canal welcomes CMA CGM ZEPHYR
Egypt’s Suez Canal witnessed the passage of the CMA CGM ZEPHYR container ship on its southbound journey through the…
Suez Canal Authority, Thailand explore maritime, tourism cooperation
Suez Canal Authority (SCA) Chairman Osama Rabie met on Monday with Thai Ambassador to Cairo Thanawat Sirikul in…
Suez Canal traffic unaffected by rig sinking incident
Suez Canal traffic remains uninterrupted following the sinking of the ADMARINE 12 offshore rig near Gebel El-Zeit,…
Suez Canal transits first large ship from Bab el-Mandeb since March 2024
Egypt’s Suez Canal on Wednesday welcomed the CMA CGM OSIRIS, the first mega container ship to transit the waterway…
Egypt’s Alexandria Shipyard launches powerful tugboat for Suez Canal Authority
Alexandria Shipyard on Tuesday commissioned a powerful tugboat named Ismailia 1 for the Suez Canal Authority, as…
Fitch warns Israel-Iran conflict may weigh on ME sovereign credit profiles
The ongoing Iran-Israel military conflict has heightened regional security risks, with Fitch Ratings warning that a…
Tanker freight rates climb amid Israel-Iran war
Charter rates for oil tankers from the Middle East to Asia surged as escalating tensions between Israel and Iran…
Fitch revises global shipping outlook to ‘Deteriorating’
Fitch Ratings downgraded its 2025 outlook for the global shipping sector to ‘deteriorating’ from ‘neutral’, citing…
Egypt’s economy to grow by 3.8% in FY 2024/25 – World Bank
Egypt’s economy is expected to grow by 3.8 per cent in fiscal year 2024/25, up from an estimated 2.4 per cent in…
Egypt posts highest primary surplus since 2005 – FinMin
Egypt's Finance Minister Ahmed Kouchouk stated on Wednesday that the country's economy is on the upswing.
Egypt remains committed to global environmental efforts – minister
Egypt remains committed to multilateral environmental cooperation and national efforts to protect natural…
Suez Canal achieves safety record in ’23
The Suez Canal Authority (SCA) announced that maritime emergency incidents in the canal fell to just 0.06 per cent…
IMF raises Egypt’s growth forecast to 3.8%
The International Monetary Fund (IMF) has raised Egypt’s growth forecast for fiscal year 2024/25 to 3.8 per cent,…
Egypt, France FMs discuss Gaza, EU aid, strategic ties
Egyptian Foreign Minister Badr Abdel-Aty praised France’s support for the legitimate rights of the Palestinian…
Egypt’s GDP growth to reach 5% in Q1 ‘25
Egypt’s economy showed signs of recovery in early 2025, with preliminary estimates pointing to 5.0 per cent…
Suez Canal may offer up to 15% discount to revive traffic
Egypt’s Suez Canal Authority (SCA) is considering transit fee discounts of 12 to 15 per cent in a bid to revive…