Business & Economy Bound

Foreign ministers from Egypt, Ethiopia and Sudan held talks in Kinshasa on Sunday over Addis Ababa's contested giant dam on the Nile, seen as vital by Ethiopia and a threat by downstream Egypt and Sudan. "These negotiations represent the last chance that the three...

Egyptian President Abdel Fattah al-Sisi warned Tuesday that Ethiopia's enormous dam project, upstream on the Nile, risked causing "unimaginable instability". The dispute over the Grand Ethiopian Renaissance Dam (GERD) has been simmering for around a decade and...

By Hager Harabech with Mona Salem in Cairo -  Suez, Egypt, March 29, 2021 (AFP) - The MV Ever Given was refloated and the Suez Canal reopened on Monday, sparking relief almost a week after the huge container ship got stuck during a sandstorm and blocked a major artery...

By Mohamed Abouelenen - Egyptian authorities decided Sunday that more tugboats will be needed to free a mammoth container ship blocking the Suez Canal, a shipping agency said, dashing earlier hopes that the vital global trade route could be clear by the end of the...