The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

The 650MW Gulf of Suez Wind Farm II in Egypt has commenced operations and will provide enough clean electricity for 1.1 million households.

An oil-drilling barge has sunk in the Gulf of Suez, killing at least four crew members and leaving four others unaccounted for. The Egyptian government said on Wednesday that 22 people were injured ...

Egyptian authorities say an oil-drilling ship capsized in the Gulf of Suez, killing at least four crewmen and leaving four ...

Egyptian authorities say an oil-drilling ship capsized in the Gulf of Suez, killing at least four crewmen and leaving four ...

At least four people died when a vessel capsized while being towed in the Gulf of Suez, one of Egypt's prominent Red Sea oil production sites, the vessel operator's Saudi Arabian owner, ADES Holding ...

Amid the war between Israel and Iran, Iran’s parliament has expressed support for closing the Strait of Hormuz, citing a senior lawmaker on 23 June. However, the final decision on whether to shut the ...

Three tugboats—MISR AL GADEEDA, MOSAED 4, and Suez 1—were dispatched immediately to stabilize the vessel. After temporary repairs, RED ZED 1 was escorted safely to the Great Bitter Lakes.

Red Zed 1 is a 217-meter-long, 43-meter-wide diving vessel with a gross tonnage of 41,000 tonnes. It was transiting the canal en route from the Netherlands to Sudan.

This Israel-Iran war adds to the pressure on Suez Canal revenues and therefore the Egyptian economy. The Bab Al-Mandeb is a vital trade route between the Mediterranean and Asia.

The ship’s transit is a direct result of the Suez Canal Authority’s (SCA) marketing efforts, highlighted by a recent announcement offering a 15% discount for container ships with a net tonnage ...