economy upfront Bound

Egypt: Channeling more than 1.4 billion tons of cargo, Suez Canal sees revenues up 77% in 2022F

Egypt's Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in transit fees in 2022, as the country balks under a worsening economic crisis. The income from the vital waterway is about 25 percent higher than the $6.3 billion...
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Energy: New Italian PM heads to Algeria to secure more gasF

Italian Prime Minister Giorgia Meloni agreed Monday to strengthen energy cooperation with Africa's top gas exporter Algeria, the latest European country seeking supply deals to help reduce reliance on Russia. "Facing the great energy crisis that Europe in particular...
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Economy: Tunisia gets food donations from LibyaF

Food shortages and rising cost of commodities in Tunisia: briefly explained Conflict-wracked Libya donated several dozen trucks of food supplies on Tuesday to neighbouring Tunisia, the Libyan embassy said, months into an economic crisis that has seen repeated...
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Egypt faces major risks this year as economy continues to fall apartF

“Chicken feet are good for you…” The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement. The devaluation, representing a drop of around 50 percent...
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