Egypt’s Suez Canal explores food security partnership with China’s FAMSUN
Suez Canal Authority (SCA) Chairperson Osama Rabie recently met with Chen Zhengjun, President of China’s FAMSUN, to discuss potential collaboration in food security. The talks centered on forming a strategic partnership as part of the SCA’s broader development initiatives, leveraging
Suez Canal facilitates unconventional transit of ADMARINE260 Rig
The Suez Canal successfully facilitated the transit of the ADMARINE260 rig on Saturday, employing a non-standard towing and piloting procedure. The Liberian-flagged rig, measuring 45 metres long and 48 metres wide with a total weight of 3,543 tonnes, was towed
Suez Canal signs MoU with Omani Integrated Logistic Services
Osama Rabie, Chairperson of Suez Canal Authority, witnessed on Wednesday, the signing of a Memorandum of Understanding (MoU) with Omani Integrated Logistic Services SAOC. The signing ceremony, held at the Authority’s headquarters in Ismailia. The MoU outlines discussions on
CBE plans to establish fund to support producers in various sectors: Al-Wazir
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, reiterated Egyptian banks’ commitment to providing the financing necessary for production and industrial facilities. This initiative aims to redirect focus from consumer financing to industrial growth.
Madbouly stresses Egypt’s commitment to reforms in meeting with European People’s Party
Egyptian Prime Minister Mostafa Madbouly met with Manfred Weber, President of the European People’s Party Group in the European Parliament, on Tuesday in Cairo, discussing economic challenges, regional crises, and the deepening partnership between Egypt and the European Union. Madbouly
Egyptian President Sees BRICS as a Breakthrough for Member Interests
KAZAN — Egyptian President Abdel Fattah al-Sisi has said he sees the BRICS group as a breakthrough in advancing the interests of all its members, particularly in trade. Al-Sisi made the remarks during a meeting with Russian President Vladimir Putin
Al-Sisi calls for enhanced economic cooperation at BRICS Business Forum
Egyptian President Abdel Fattah Al-Sisi delivered a recorded address to the BRICS Business Forum on Friday, emphasizing the importance of economic cooperation and investment among member countries. “This forum is being held at a time when the world is witnessing
Egypt’s Irrigation Minister, World Bank discuss water cooperation at CWW
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met with Stefan Gumpert, Director of the World Bank Office in Egypt, and his accompanying delegation, where they reviewed the status of several areas of cooperation between the Ministry and the
Egypt revives Sinai’s railway after decades of suspension
The long-forgotten rail network will be revived in Sinai after decades of suspension. The story began in the late 19th Century when the British laid strategic tracks to protect the Suez Canal. During the First and Second World Wars, the
CBE reports $9.7bn BoP surplus for FY 2023/24
Despite the current economic and political challenges on the global front, the transactions of the Egyptian economy with the external world achieved an overall BoP surplus of $9.7bn during FY 2023/2024, according to the Central Bank of Egypt (CBE). The