The Egyptian Parliament has approved a draft law amending some articles of Law 30 of 1975 on the Suez Canal Authority. The amendment aims at establishing a fund belonging to the Suez Canal Authority and [ More … ]
Ever Given’s Six Days in Suez – how the ‘Ever Given’ and its billion-dollar cargo got stuck, got free, got impounded, and got taken to court. On 24 June 2021, Bloomberg published a report by [ More … ]
Egypt has begun a formal investigation into how a giant container ship blocked the Suez Canal and disrupted global trade for almost a week. The Suez Canal Authority began an investigation into the causes of [ More … ]
As traffic resumed in the Suez canal after the MV Ever Given, that was blocking it since Tuesday, was freed, global oil prices eased. World oil prices eased on Monday as traffic resumed on the Suez Canal [ More … ]
Local authorities said the Ever Given was 80% corrected and planned to continue tugging efforts A giant container ship that has blocked the Suez Canal for nearly a week has been refloated, raising hopes that [ More … ]
The container ship Ever Given has been blocking the Suez Canal for days. Economic fallout is already visible, and it could take weeks — and require drastic measures — to free the waterway. Tugboats and [ More … ]
Ankara’s offer comes as the two countries have recently moved to repair diplomatic ties The Turkish government has offered to help Cairo in its emergency operations to reopen the Suez Canal, after a massive container [ More … ]
One of the largest cargo container ships in the world has turned sideways and blocked all traffic in Egypt’s Suez Canal, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The MV [ More … ]
The Egyptian government announced on Wednesday (August 16) that transit rates for container vessels in the northern and southern Suez ports will be reduced from between 3 – 50 per cent depending on the number [ More … ]
As al-Sisi government is seeking to secure $12 billion in loans from the International Monetary Fund (IMF) to save its economy, it also needs to deal with a new financial challenge, and is looking at [ More … ]
During two years in office, Egypt’s general-turned president Abdel-Fattah Al-Sisi has sought to impose a military-style discipline on Egypt after he led a military coup in 2013 against the first democratically elected President Mohamed Morsi. [ More … ]
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