Suez Canal announces record profit of $7 billion
The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) in the 2021-2022 fiscal year, after repeatedly raising transit […]
Suez Canal
Muslim Brotherhood Leader Handed Down Life Sentence
An Egyptian court has handed down the leader of the Muslim Brotherhood Mohamed Badie and 35 other members of the banned organization life sentence. The […]
Djibouti signs important economic agreements with China
Djibouti’s president signed earlier this week trade and economic agreements with the Chinese government to set up a legal framework and allow Chinese financial service […]
Egypt extends participation in Yemen war
A statement from the Egyptian presidency announced that “the National Defense Council agreed to prolong the participation of its armed forces engaged in a combat […]
Egypt extends Sinai state of emergency for third time
Egypt’s Prime Minister Ibrahim Mahlab announced a decree prolonging the state of emergency imposed in some parts of Northern Sinai till October as well as a […]
Yemen : Houthis overtake Hudeida as government looks on
The Houthi rebels are increasing their domination in Yemen as they took over Hudeida together with the second most important seaport of the country. Military […]
Egypt-Russia conclude military and trade agreements
Russia and Egypt are determined to strengthen their bilateral ties and further reinforce their military and trade cooperation. The Presidents of the two states met […]
Egypt: Suez Canal to be transformed
Consultations are being done by the Suez Canal’s Authority Board with several local investment banks to transform the canal into a much more lucrative venture […]
Suez Canal investment project launched
Prime Minister Hesham Qandil has pointed out that the government is willing to offer some areas around the Suez Canal for investment projects, but it […]
Egypt: an ambitious development plan
Egypt is embarking on a another revival project of its economy as it sets aside numerous projects to develop areas around the Suez Canal and […]