Egypt is experiencing a deep economic crisis. The country's foreign currency ... a primary source of foreign currency along with Suez Canal tolls and remittances from Egyptians working abroad ...
The Suez Canal has long been a vital source of foreign currency for Egypt that has been undergoing its worst-ever economic crisis.
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
CAIRO - Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen's Houthi militants ...
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy. According to a statement from Egypt’s presidential ...
Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on shipping and increase the key waterway's capacity.
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy ... by the Red Sea crisis into the fourth quarter.
The Suez Canal has long been a vital source of foreign currency for Egypt that has been undergoing its worst ever economic crisis. According to the International Monetary Fund, revenue from the ...