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…
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Suez Canal
IMF head praises Egypt’s measures to tackle economic challenges
Kristalina Georgieva, IMF Managing Director and Chair, highlighted Egypt's macroeconomic challenges exacerbated by…
Israel’s Eilat Port workers at risk of losing jobs due to Red Sea unrest
Half of the workers at Israel's Eilat Port are in jeopardy of losing their jobs due to a significant financial…
S&P Global upgrades Egypt’s outlook to positive
S&P Global Ratings upgraded Egypt’s outlook to positive, maintaining its B-/B long and short-term foreign and…
Asian diesel margins heat up amid supply surplus, sea concerns
Asia’s diesel production margins are under increasing pressure due to an oversupply as major exporters ramp up…
Egypt’s budget initial surplus hits EGP 193b in 8 months
Egypt’s budget has significantly improved in the past eight months, showing an initial surplus of 193 billion…
Egypt’s non-oil activity suffers over Suez Canal disruption
Egypt's private sector activity declined in February, with the Suez Canal freight drop and foreign currency…
Maersk: Red Sea disruptions could extend to H2 of ’24
Maersk, the Danish shipping company, has warned its clients to expect disruptions in the Red Sea to continue into…
MSC to resume Suez Canal transit once tensions ease – CEO
Switzerland's MSC will “immediately” return shipping through the Suez Canal as soon as the security situation…
Egypt’s S. Canal revenue may partially offset Red Sea attacks impact – Maait
Some of the damage caused by the Red Sea attacks on ships to Suez Canal revenue could be offset by prior growth…