Egypt’s economy demonstrates resilience amid successive global shocks
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said the national economy has withstood five major external shocks over the past six years, each of which could have triggered a severe downturn, yet continued to deliver positive performance indicators.
Al-Sisi, OECD chief discuss reforms, expanding private sector role
Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s reform programme, with a particular focus on boosting private sector
Opinion | Chokeholds of Civilisation
The British National Archives recently declassified a significant tranche of Foreign Office files from the 1956 Suez Crisis, and the timing is as blunt as the documents themselves. These papers—specifically the FO 371 and PREM 11 series—do more than fill
Opinion | The Egyptian pound: Between stability gains and cautious outlook
The recent strengthening of the Egyptian pound (EGP) against the US dollar towards the end of last week’s trading was not merely a random fluctuation or a simple market reaction to easing geopolitical tensions and cautious optimism over a potential
Saudi Ports Authority seeks Suez Canal partnership for Jeddah port development
Saudi Arabia’s ports authority is seeking to partner with the Suez Canal Authority (SCA) for the development of Jeddah port and other infrastructure projects, the head of the Saudi body said on Sunday. Sulaiman bin Khalid Al-Mazroua, President of the
Suez Canal revenues hit $449m in early 2026 as regional stability returns
Suez Canal revenues reached $449m since the beginning of 2026, marking a recovery following a ceasefire in Gaza that restored regional stability, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Sunday. The canal recorded the passage of 1,315 ships
Opinion | The Grand Barter: Accounting Ambition vs. Strategic Stability
Protecting the Suez Canal as a sovereign asset and the Central Bank of Egypt (CBE) as the guardian of monetary policy requires both to remain on strictly independent tracks. At first glance, the idea of transferring the Suez Canal’s assets
Japan provides EGP 1bn grant to Egypt for Suez Canal diving support vessel
Japan will provide an EGP 1bn ($22m) grant to Egypt to build and supply a first-of-its-kind diving support vessel (DSV) for the Suez Canal Authority (SCA) fleet, according to an executive agreement signed on Sunday. The grant, provided through the
Suez Canal expects return to normal traffic by mid-2026 as Maersk, CMA CGM return
Major shipping lines have begun returning to the Suez Canal, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Tuesday, as the waterway recorded the transit of one of the world’s largest container ships for the first time in two
Suez Canal sees largest container ship in two years as traffic returns
The Suez Canal on Saturday witnessed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to transit the waterway in two years, in what the canal authority’s chairperson described as a positive sign of traffic returning to