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EU, Western leaders warn of ‘spillover’ from Israel-Hamas conflict

European Commission President Ursula von der Leyen has joined other Western officials in warning that the risk of regional “spillover” from the Israel-Hamas war was “real” after US and other international forces in the region faced increasing threat of attacks. “We have seen the Arab streets fill with rage all across the region. So, the […]

Egypt’s wheat imports increase by more than $2Bln during 1st half of 2024

Egypt’s wheat imports significantly increased in the first half of 2024, rising to $2.324 billion from $1.785 billion in the same period of 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Wheat remains a crucial staple food for the country, contributing to the overall rise in raw material imports, which reached […]

Suez Canal revenue more than halved due to Houthi attacks on vessels

Egypt said its revenue from the Suez Canal shrunk by 60% as the Yemeni Houthi rebels continue targeting vessels. “We have lost more than 50-60% of the revenue from the Suez Canal, and over the past 7-8 months, we have lost more than $6 billion,” Egyptian President Abdel Fattah el-Sissi said, warning of the repercussions […]