Egypt News » Suez News Egypt » Suez » Economy: How Red Sea attacks prepared Egypt’s economy for future shocks
The Red Sea ship attacks may have dented Egypt’s economy, costing billions of dollars in lost Suez Canal fees, but they also forced much-needed change, according to the head of Egypt’s largest private ...
News Egypt » Suez » Economy: Abdel Fattah El-Sisi’s radical gambit to remake Egypt
For 5,000 years, Egypt was a river civilization. Under Abdel-Fattah Sisi, it is turning toward the Mediterranean Sea.
News Egypt » Suez » Economy: Egypt to establish pharmaceutical industry zone in Suez Canal Economic Zone
The Suez Canal Economic Zone (SCZone) will establish a dedicated pharmaceutical industry zone covering an area of four million square metres (m²) to attract medicine and medical device manufacturers, ...
News Egypt » Suez » Economy: Egypt spies opportunity in global supply chain with Suez Canal Economic Zone
Egypt plans to turn global supply chain volatility into a strategic opportunity via the Suez Canal Economic Zone (SCZone) – a sprawling 460 km² megaproject along trade routes connecting Europe, Asia ...
News Egypt » Suez » Economy: Egypt lands $391 million Egypt-UAE deal to unlock one of Africa’s biggest renewable energy corridors
Egypt is investing heavily in the part of the clean energy transition that often attracts the least attention: the electricity grid. ・Egypt has secured a $391 million (EGP20 billion) investment from ...
News Egypt » Suez » Economy: Explainer| What latest BoP figures reveal about Egypt economy
The Central Bank of Egypt (CBE) released its Balance of Payments (BoP) report for the July-March period of FY2025/2026, which ended on 30 June 2026, tracking the flow of foreign currency into and out ...
News Egypt » Suez » Economy: The Alternative Suez Canal: How Egypt Powers Mass Global Communication
Undoubtedly, the Suez Canal is one of the world’s most important maritime chokepoints.Around 30 percent of total global container trade passes through the Canal, while each year, more than USD o ...
News Egypt » Suez » Economy: Egypt's economic growth expectations steady as regional conflict risks ease
CAIRO: Expectations for Egypt's economic growth have remained broadly stable over the past three months while inflation forecasts have been revised higher, a Reuters poll showed, as the economy proves ...
News Egypt » Suez » Economy: Egypt says New Suez Canal to open Aug 6, eyes economic boost
ISMAILIA, Egypt (Reuters) - Egypt's New Suez Canal will open on Aug. 6, its overseer said on Saturday, a project President Abdel Fattah al-Sisi sees as a potent symbol of national pride and a major ...
News Egypt » Suez » Economy: The Nile’s New Frontline: Egypt, Ethiopia, and the Somaliland Question
For Egypt, Nile water security is an existential issue, while Ethiopia views the GERD as a symbol of development, sovereignty, and regional influence. Against this backdrop, Somaliland’s pursuit of ...
News Egypt » Suez » Economy: Egypt’s economy grows 5% in Q3 FY2025/26: Rostom
Egypt's economy recorded a growth rate of 5% during the third quarter (Q3) of fiscal year (FY) 2025/2026, up from 4.8% in the corresponding quarter of the previous FY, according to a presentation by ...