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IMF: 50% decline in trade in Suez Canal

IMF: 50% decline in trade in Suez Canal

Yesterday, Thursday, the International Monetary Fund announced that trade volumes in the Suez Canal will decline by 50% during the first two months of the year 2024 as a result of the attacks in the

World
Ambitions collide with reality…feasibility of complete duplication of the Suez Canal Project

Ambitions collide with reality…feasibility of complete duplication of the Suez Canal Project

cairo- The announcement by Lieutenant General Osama Rabie, head of Egypt's Suez Canal Authority, to study a project under which the maritime navigational channel would be completely doubled raised questions about the dimensions of cost,

World
Egypt is considering expanding the Suez Canal

Egypt is considering expanding the Suez Canal

The head of the Suez Canal Authority, Osama Rabie, said that the project to completely double the navigation route of the canal is still in the study phase, to be completed within about 16 days

World
IMF Director: Traffic in Suez Canal reduced by 60%

IMF Director: Traffic in Suez Canal reduced by 60%

International Monetary Fund Director Kristalina Georgieva said today, Tuesday, that the Fund has succeeded in resolving fundamental issues with Egyptian authorities regarding the review of a $3 billion loan program with Egypt. He said an

World
Suez Canal coordinates with its customers to reduce impact of Red Sea attacks

Suez Canal coordinates with its customers to reduce impact of Red Sea attacks

Osama Rabie, Chairman of the Suez Canal Authority, said the authority looks forward to continued consultation with customers and direct coordination to find joint working mechanisms that can mitigate the effects of the current crisis

World
What did Egypt say about the impact of the Red Sea attacks on the Suez Canal?

What did Egypt say about the impact of the Red Sea attacks on the Suez Canal?

Egyptian Finance Minister Mohamed Maait said that part of the impact of the attacks in the Red Sea could be absorbed on the Suez Canal's revenues. Minister praised he is aAs for the previous increase,