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 ...

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.

The President expressed Egypt’s readiness to cooperate with the US business community and investors in all economic fields of mutual interest, in light of US President Trump’s support towards ...

Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and ...

(MENAFN - Daily News Egypt) Egyptian President Abdel Fattah Al-Sisi held a high-level meeting on Monday with Osama Rabie, Chairman of the Suez Canal Authority (SCA), and Mostafa El-Degishy ...

Credit: Adobe Stock/ Val Traveller Egypt's Suez Canal chief Osama Rabie said they are considering offering discounts ranging from 12% to 15% on transit fees.

Egypt's Suez Canal revenue plummeted by nearly two-thirds in 2024, reaching $3.991 billion, a sharp decline from $10.25 billion in 2023. This drop is attributed to regional conflicts, particularly ...

The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $4 billion (€3.5bn) in 2024, down from a historic high of $10.3bn (€9.1bn) in 2023, according ...