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…
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Suez Canal
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…