Business Egypt Headlines

Egypt loses 70% of Suez Canal revenue due to Gaza war – IMF

The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said. In an interview with Youm7, Georgieva acknowledged Egypt’s commitment to advancing crucial economic reforms despite the challenges posed by regional instability. Georgieva announced plans […]

Asia Europe Headlines International Morocco

Gaza War: Morocco supports ICJ’s call on Israel to urgently ensure protection of Palestinians, deliver humanitarian aid to victims

Morocco backs the ruling of the International Court of Justice (ICJ) calling on Israel to take immediate provisional measures to ensure the protection of Palestinians in the Gaza Strip and guarantee sufficient and unhindered flow of humanitarian aid to the victims, a source at the Moroccan Foreign Ministry said. The ICJ’s ruling is in line […]