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.

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 ...

CAIRO, June 18 (KUNA) -- Egypt announced Wednesday the gradual return of mega container ships to Suez Canal after a one-year halt prompted by regional tensions. Chairman of Canal Authority, Admiral ...

Established in 1978, Suez Canal Bank provides retail, corporate, and investment banking services through 53 branches across Egypt as of March 2025. In January 2025, the bank partnered in a consortium ...

Therefore, the water must be sufficient for both sides. This issue is existential for Egypt and non-negotiable, as Egypt relies on Nile water for 94 percent of its resources. Consequently, there is no ...