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,…
Browsing Tag
Suez Canal
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…
Suez Canal revenue hits $39.9 billion over 6 years, despite 2024 slowdown
The Suez Canal generated $39.919 billion in dollar-denominated revenue from 2019 through 2024, despite a sharp…
Egypt, France upgrade ties to strategic partnership, discuss Gaza, Nile, regional…
Egyptian President Abdel Fattah El Sisi and French President Emmanuel Macron signed a joint communique in Cairo on…
Suez Canal reports 166 ships diverted from Cape of Good Hope since Feb
The Suez Canal Authority (SCA) announced on Tuesday that 166 ships have shifted their routes to transit through the…
Egypt’s Investment Min. calls for stronger ties with India
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, participated in the opening session of the…
Sisi: Egypt’s economy showing positive indicators despite challenges
President Abdel Fattah El-Sisi affirmed that Egypt’s economy is showing positive signs, pointing to the recent…
Egypt’s Suez Canal discusses Red Sea developments with MSC
The Suez Canal Authority (SCA) and MSC Mediterranean Shipping Company have held discussions on the impact of recent…