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
Rabie inspects new crane as part of Suez Canal Authority’s modernisation plan – Dailynewsegypt
Suez Canal Authority Chairperson Osama Rabie on Saturday inspected the newly acquired marine crane “CC,” the first of several planned additions to the agency’s maritime fleet. The crane, supplied by Kased Khair for General Supplies and Contracting Company, represents