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Current account deficit narrows in 2Q 2021-2022
Egypt’s current account deficit narrowed to USD 3.8 bn in 2Q 2021-2022, from USD4.8 bn in the same period last…
Gov’t grants freezone status to Alexandria port cargo terminal
New freezone at Alex port for state-owned terminal: Cabinet approved yesterday the establishment of a freezone for the state-owned Egyptian…
THIS EVENING: EGMPT could be establishing a special freezone soon +It’s another day of finger-pointing on violence between Russia and Ukraine
It’s another relatively calm Ramadan afternoon, ladies and gentlemen. While we have yet to see any massive pieces of news…
Suez Canal revenues up 20% y-o-y in 1Q 2022
Suez Canal revenues rose 20% y-o-y in 1Q 2022 to USD 1.69 bn, the Suez Canal Authority (SCA) said in…
THIS MORNING: Ramadan Kareem on this extremely busy news day
Good morning, wonderful people, and welcome to the first workday of Ramadan. We hope the day treats you well. We…
Suez Canal transit fees to rise in May
Transiting the Suez Canal is about to get more expensive: The Suez Canal Authority will raise fees for ships transiting…
Mandarin Oriental is coming to Egypt, Amazon is doubling delivery capacity, and Elevate Healthcare is linking up wtih Dar Al Handasah
Mandarin Oriental to manage Shepheard Hotel: Hong Kong-based luxury hotelier Mandarin Oriental Hotel Group signed an agreement to manage Downtown…
EDF Renewables among six consortiums eyeing USD 1 bn SCZone green ammonia plant
Another green ammonia plant in the SCZone? France’s EDF Renewables and Egypt’s ZeroWaste are together one of six international consortiums…
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