Egypt News » Suez News Egypt » Suez » Finance: Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships
Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian ...
News Egypt » Suez » Finance: Egypt's revenue from the Suez Canal plunged sharply in 2024
CAIRO (AP) — Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have ...
News Egypt » Suez » Finance: Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
(Bloomberg) -- Egypt is "cautiously optimistic" a ceasefire between Israel and Hamas will eventually translate into a recovery in Suez Canal revenue, which fell at least 60% due to the war, the ...
News Egypt » Suez » Finance: Suez Canal is sovereign asset that cannot be touched or exchanged: Egypt PM
Egyptian Prime Minister Mostafa Madbouly said on Thursday that the Suez Canal is a sovereign national asset that cannot be sold, transferred, or exchanged, categorically rejecting a proposal to use ...
News Egypt » Suez » Finance: Cabinet Denies Any Proposal to Swap Suez Canal Ownership for Domestic Debt Settlement
Egypt’s Cabinet denied on Sunday 30 August circulating claims that the government plans to transfer ownership of the Suez Canal to the Central Bank of Egypt as a way to settle part of th ...
News Egypt » Suez » Finance: Why Is El-Sisi’s Regime Considering the Sale of the Suez Canal?!
A proposal to sell the Suez Canal, in north-eastern Egypt, has sparked widespread concern among Egyptians, who are already deeply suspicious of the government’s accelerated sale of state assets, ...
News Egypt » Suez » Finance: Egypt seeks deeper AIIB partnership to finance infrastructure, attract private investment
Egypt is seeking to deepen its partnership with the Asian Infrastructure Investment Bank (AIIB) as Cairo looks to diversify its financing sources, expand infrastructure investment and attract greater ...
News Egypt » Suez » Finance: Minister Says Egypt Cautiously Optimistic Suez Canal Traffic Will Revive
A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades. Image by EyeEm Mobile GmbH via iStock Egypt is “cautiously ...