A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks ...

Egypt's central bank lowered overnight interest rates by 225 basis points on Thursday, its first cut in more than five years, ...

Egypt cut interest rates for the first time in almost five years, potentially spurring investment key to an economic rebound ...

Egypt’s Suez Canal revenue fell nearly two-thirds in 2024 due to rising regional tensions and conflicts that disrupted vital maritime traffic.

The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $3.991 billion in 2024, down from a historic high of $10.25 billion in 2023, ...

Attacks by the Iran-backed Houthi rebels have continued to significantly impact commercial shipping through the Suez Canal. View on euronews ...

S&P Global Market Intelligence’s global real GDP growth forecast for 2025 has been lowered to just 2.2%, with downward ...