Business Egypt Emerging Markets Headlines

Sharp Decline in Suez Canal Traffic Reported Amid Regional Instability

A significant reduction in maritime traffic through the Suez Canal has been recorded, with figures showing a nearly 50 percent drop in the first quarter of 2025, according to statements made on Wednesday, April 16, by Suez Canal Authority (SCA), Chairman Osama Rabie. The decline has been attributed primarily to ongoing security threats in the […]

Europe Features Headlines International

EU labels seven countries, incl. Morocco, India and Colombia, as ‘safe’ for migrant returns

The European Commission has designated seven countries — including Morocco, India and Colombia — as “safe countries of origin,” paving the way for accelerated deportations of failed asylum seekers, despite some ongoing concerns over human rights conditions. Morocco, Egypt, and Tunisia have been major departure points for irregular migration to Europe, particularly across the central […]

Americas Egypt Finance Headlines International

U.S.-Egypt partnership strengthened with $235 million railway contracts

The U.S. Embassy in Cairo has announced the successful signing of three major contracts between Progress Rail, an American company, and Egyptian National Railways, collectively valued at over $235 million. The agreements, which were formalized on Wednesday, April 9, 2025, at the Ministry of Transportation, mark a significant step in enhancing U.S.-Egyptian business relations while […]

Egypt Emerging Markets Finance Headlines

Egypt to float military-owned firms as part of economic reform drive

Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]

Egypt Headlines

Egypt’s Men’s Sabre Team Makes History with First-Ever World Cup Gold

Egypt’s men’s sabre team achieved a historic victory, clinching their first-ever gold medal at the World Cup after defeating the hosts, Hungary, in Budapest on Sunday March 30. The Pharaohs’ squad, consisting of Ziad Elsissy, Mohamed Amer, Adham Moataz, and Mazen El-Araby, triumphed with a 45-37 win over Hungary, marking a remarkable achievement for Egyptian […]

Egypt Headlines

Egypt: Submarine tragedy in Red Sea claims six lives, dozens rescued

A deadly incident occurred in Egypt’s Red Sea on Thursday March 27 when a tourist submarine sank during a trip to the resort city of Hurghada. The submarine, named Sinbad, was carrying 45 foreign tourists, including Russians, Indians, Norwegians, and Swedish, as well as five Egyptian crew members. Six Russian nationals tragically lost their lives […]

Editorials Features Headlines Opinions

UAE invitation to high-level aid conference in London sparks outrage from Sudan army gov’t

The United Kingdom’s decision to invite the United Arab Emirates (UAE) to an upcoming London conference on Sudan’s humanitarian crisis has drawn sharp criticism from Sudan’s army-aligned government. The conference, scheduled for 15 April, aims to address the escalating humanitarian crisis in Sudan, which has displaced millions and led to widespread famine. However, the absence […]

Business Egypt Emerging Markets

Egypt reveals $800 million monthly loss in Suez Canal revenues due to regional tensions

Egyptian President Abdel-Fattah El-Sisi disclosed that the country is losing approximately $800 million per month in revenue from the Suez Canal due to the ongoing regional tensions. He made this announcement during the annual Iftar banquet hosted by the Armed Forces. El-Sisi reflected on the challenges faced by Egypt over the past 15 years, highlighting […]

Americas Features Headlines International

US vows escalation against Houthi rebels following deadly airstrikes in Yemen

The United States has vowed to use “overwhelming lethal force” against Yemen’s Houthi rebels, following a series of airstrikes that killed at least 53 people over the weekend. The Pentagon emphasized that while the strikes are meant to deter the Houthis from resuming attacks, they do not aim to create an “endless offensive” or bring […]

Egypt Emerging Markets Headlines Technology

Egypt launches ‘Alliance & Development’ Initiative to foster innovation, economic growth

Egypt’s Ministry of Higher Education and Scientific Research is advancing its “Alliance and Development” initiative as part of the National Policy for Sustainable Innovation, which was launched in February 2025. This initiative aims to enhance the country’s scientific research capabilities, accelerate technological innovation, and strengthen the connection between academia and industry to create globally competitive […]