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Red Sea Crisis Costs Egypt $7 Billion in 2024
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, says Project44.
Regional challenges cost Egypt around $7 billion of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
Egypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks by Yemen's Houthis on ships in the Red Sea, Egyptian President Abdel Fattah El-Sisi said on Thursday.
11h
on MSN
Exclusive-Egypt's Mostakbal Misr secures 1.267 million tons of mostly Russian wheat, sources say
Egyptian grain state-buyer, Mostakbal Misr for Sustainable Development, has successfully secured its wheat requirements ...
Greek Reporter
19h
Looters of Ancient Greek and Roman Artifacts Arrested in Egypt
Authorities in Egypt have arrested two men for attempting to steal hundreds of ancient Greek and Roman artifacts from the ...
2d
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North ...
9h
on MSN
Exclusive-Egypt secures wheat needs through June 2025
Egypt’s state grain buyer, Mostakbal Misr for Sustainable Development, has locked in enough wheat to meet the country’s needs ...
3d
on MSN
Two arrested in Egypt after attempting to steal hundreds of ancient artifacts from the bottom of the sea
Egyptian authorities have arrested two men for attempting to steal hundreds of ancient artifacts from the bottom of the sea, ...
1d
Egypt Seen Holding Record Rate Even as Inflation Slightly Eases
Egypt will probably hold interest rates at a record high, seeking to ensure inflation keeps slowing before embarking on its ...
1d
on MSN
Egypt central bank keeps overnight interest rates steady
Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was ...
Global Finance
1d
Egypt Ends Bank IPO Dearth
During the bell-ringing ceremony, Central Bank of Egypt (CBE) Governor Hassan Abdalla emphasized the significance of the ...
7d
Egypt's First-ever Asylum Law Fuels Concerns Over Refugee Rights
Egypt adopted its first-ever asylum law this week, but it has sparked concerns among human rights groups who warn it takes a ...
fingerlakes1
1d
Essential Things You Should Know Before Visiting Egypt
Visiting the historical sites of Egypt: Egypt is well- known for having a good history since ancient times. Moreover, it also ...
9d
Egypt’s prime minister briefly pauses a news conference after feeling dizzy
A government spokesperson says Egypt’s prime minister was forced to briefly pause a news conference after experiencing some ...
Hebdo Ahram
8h
Egypt FM, Chad president stress intensifying consultations on Sudan crisis
Minister of Foreign Affairs Badr Abdelatty and Chad's president Mahamat Idriss Déby Itno stressed Friday the importance of ...
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