Egyptian parliament

Egypt values compensation for Suez Canal blockage at over $1bn

Egyptian authorities expect to get more than $1 billion from Ever Given to cover damage and losses incurred in operations to float the mega ship that blocked the vital waterway for several days. The chairman of the Suez Canal Authority (SCA), Osama Rabei told media that the authority launched Wednesday probe into the incident that […]

Morocco, thanks to its attractiveness & geostrategic location, has become a key player for China – French Magazine

Morocco has become a key country for China in its new silk roads project, thanks to the Kingdom’s attractiveness and geostrategic location, French Magazine Le Point underlines in an article published on Thursday. “Morocco has strengthened its position as a gateway to Europe and Africa in recent years. This has not escaped the attention of […]

Rough waters: EAC firms brace for costly imports as freight ships shun Red Sea

East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]