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SCA’s Rabie pushes shipping companies to return to the Red Sea
Good morning, friends. We are kicking off the workweek with a busy issue packed with fresh M&A news, the details…
US-, UK-linked ships began steady return to the Suez Canal following ceasefire
Good morning, all, and congratulations for making it to the end of January. To wrap up a busy first month…
Gov’t on the lookout for new partner for USD 2.3 bn pumped storage hydropower project in Ataka. PLUS: KFH Egypt, Dsquares + Prepit, CI Capital, Aria Technologies, MM Group, Coca Cola
China's SinoHydro initially inked an agreement to build the 2.4 GW project all the way back in 2015
French shipping giant CMA CGM to continue Suez Canal diversions
Good morning, friends. There’s plenty of news about Egypt today, but not much of it is about business. Putting Egypt…
Does the Gaza ceasefire mean the imminent return of Suez Canal traffic?
Red Sea disruptions cost the public purse USD 7 bn in Suez Canal revenues in 2024
MAFI secures USD 180 mn for its agri-food project in Sadat City
The project is expected to begin operations in March 2026
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
Growth picks up to 3.5% in 1Q FY 2024-25 despite drops in energy production and Suez Canal revenues
Non-oil manufacturing grew 7.1% y-o-y in 1Q, marking its second consecutive quarter of growth
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