Egypt News » Suez News Egypt » Suez » Finance: Asian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
By Arathy Somasekhar HOUSTON, July 21 (Reuters) - Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port through the Suez Canal and around Africa after Yemen's Iran-aligned ...
News Egypt » Suez » Finance: Egypt: Sisi causes controversy with the Suez Canal fund
For the past two weeks, Egypt has been facing a heated debate. On 19 December 2022, its parliament adopted a bill aimed at creating an investment fund for the Suez Canal. Managed directly by the Suez ...
News Egypt » Suez » Finance: 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 » 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: Egyptian-Emirati alliance to invest $390mln in Gulf of Suez power transmission line
The investment aligns with Egypt's broader efforts to expand its electricity transmission network and substations ...
News Egypt » Suez » Finance: Egypt: Houthi attacks cut Suez Canal revenue by half
The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis. Since November, the Iran-backed Houthis have launched numerous attacks on vessels in ...
News Egypt » Suez » Finance: A peace deal in the Persian Gulf could signal a return of global shipping to the Suez Canal
A shift by a major carrier partnership could signal a wholesale return of global shipping to the Suez Canal. The post A peace deal in the Persian Gulf could signal a return of global shipping to the ...
News Egypt » Suez » Finance: Suez Canal: Egyptian Economy Will See A Bump-upBut How Big?
At a lavish ceremony last month, the Egyptian government inaugurated the new Suez Canal, marking an expansion of the original project, which dates to 1869. The new canal, designed to allow two-way ...
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 ...