Business & Economy Bound

Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship that blocked the Suez canal in March, the canal authority chief said late Sunday. Egyptian authorities had seized the 200,000-tonne MV Ever Given in April and...

Egyptian President Abdel Fattah al-Sisi approved Tuesday the widening and deepening of the southern part of the Suez Canal, after a stranded mega-ship crippled the critical maritime artery for six days in March. "What you heard today is about the upgrade in the...

The IMF stands "ready" to offer Tunisia an aid package to deal with the current financial crisis, a fund official said Thursday.  However, there is "no timeline" for finalizing an agreement, spokesman for the International Monetary Fund Gerry Rice told reporters.The...

Tourism receipts in Tunisia have experienced a considerable decline of 55% year over year in the first four months of 2021, compared to the same period in 2020. The Covid-19 pandemic which forced tourists out of the country, has led to the collapse of the industry. ...