Egypt’s account deficit increased, following Suez revenue plummet
Egypt’s account deficit has further increased to $5.9 billion in July-September 2024, compared to the $2.8 billion deficit in the...
Houthis
Egypt completes trial run of Suez Canal extension
Egypt said on December 28th it had successfully tested a new 10km channel near the southern end of the Suez...
Sisi says regional issues cost Egypt around $7bn of Suez revenues
Egypt's president Abdel Fattah el-Sisi said on December 26th that events in the Red Sea and regional challenges cost his...
Chinese fleet heads to Red Sea amid rising tensions
China has dispatched a fleet to the Red Sea amid the rising tensions provoked by the Iran-backed Houthi militias’ attacks...
Egypt: Houthi attacks cut Suez revenues by 40%
Houthi attacks have led to a 40% drop in Suez Canal Dollar revenues, according to Reuters. Head of the canal...
