Latest News for: Suez deal

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Who’s the big boss of the global south?

Economist 08 Apr 2024
Its inadequacies are obvious ... Meanwhile other powers are on the rise ... Witness its recent nihilistic decision to cut a deal with the Iranian-backed Houthi rebels over shipping in the Red Sea and Suez Canal, instead of working on a common solution ... .
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SCA chief: Suez Canal Museum to preserve, document canal’s history

Egypt Independent 30 Mar 2024
... after it ran aground in the waterway, noting that this crisis has proven to the international navigation community the Suez Canal Authority’s readiness to deal with emergency situations.
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SCA chief: Suez Canal Museum to preserve, document canal's history

Egypt Today 30 Mar 2024
... GIVEN after it ran aground in the waterway, noting that this crisis has proven to the international navigation community the Suez Canal Authority’s readiness to deal with emergency situations.
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Struggling Egypt Receives Massive Influx of Investment, Loans

Beijing News 29 Mar 2024
In early March, the IMF announced it will extend an $8 billion rescue package to Egypt, which has seen a sharp drop in tourism revenue because of the Gaza war and reduced income from the Suez Canal because of Houthi attacks on Red Sea shipping.
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BUSINESS LIVE: BoE expected to hold base rate; Nationwide and Virgin Money deal formalised; Next ...

This is Money 21 Mar 2024
The group said it did not currently anticipate any material adverse impact from stock delays due to disruption to shipments through the Suez Canal ... Nationwide and Virgin Money deal formalised.
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$1 million in extra costs and weeks of delays. How the Red Sea crisis is ...

Egypt Independent 20 Mar 2024
There has been an “almost wholesale exodus” of larger container ships from the Red Sea and the adjoining Suez Canal, Richard Meade, editor-in-chief of shipping publication Lloyds List, told CNN ... That exodus is a big deal.
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How Aristotle Onassis Became the Richest Man in the World

Greek Reporter 15 Mar 2024
His wealth was acquired in a variety of ways, but it was the Suez Canal deal that made him the richest man in the world ... Onassis Deal With Saudi Arabia ... Saudi Arabia Deal Turns Into Disaster ... The Suez ...
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China does not have the leverage to end the Red Sea crisis; the US does

Al Jazeera 06 Mar 2024
The majority of Chinese exports to Europe pass through the Suez Canal, and Chinese companies have just recently signed $8bn worth of investment deals in the Suez Canal Economic Zone.
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Controversy Surrounding Egypt’s Suez Canal Expansion Project: Wasteful Spending or Strategic Investment?

Watan 05 Mar 2024
... President Abdel Fattah el-Sisi stirred widespread controversy after it contained discussions about a trillion-dollar deal in exchange for selling the Suez Canal to foreign countries for 99 years.
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Sisi’s Alleged Suez Canal Deal: Egypt’s Economic Gambit or National Security Threat?

Watan 04 Mar 2024
Watan-A leaked phone call attributed to Egyptian President Abdel Fattah el-Sisi has sparked widespread controversy, following discussions about a deal worth a trillion dollars in exchange for selling the Suez Canal to foreign countries for 99 years.
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Record TPM opens as ‘difficult’ transpacific contract negotiations get underway

Splash24/7 04 Mar 2024
“Unlike during covid-19 when disruption continued to wreak havoc, shippers and carriers now know what they are dealing with in terms of ships being diverted around Africa to avoid the Suez Canal.
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Middle East economic powers gamble on new realities, from oil demand to Egypt’s future

Al Monitor 29 Feb 2024
The move should help pave way for a new deal with the International Monetary Fund (IMF), with these Emirati inflows key to providing Cairo with a buffer to navigate another devaluation of the pound at ...
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Red Sea crisis highlights need for further trade routes, UAE minister says

The National 29 Feb 2024
He said that it would take a bit longer to go back to the normal supply and demand balance ... Morgan Stanley expects deal flow to continue as Mena economies maintain momentum. Suez Canal shipping volumes drop 55% in a week as Red Sea crisis continues.
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China, Egypt ink deal to exhibit ancient Egyptian relics in Shanghai

People Daily 27 Feb 2024
The selected pieces were taken from several museums in Cairo, Suez, Luxor and Ismailia cities as well as warehouses of the Supreme Council of Antiquities. The deal was signed by Chu Xiaobo, director of ...
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The fine art of capturing the lesser spotted freight rate increase

Seatrade Maritime News 21 Feb 2024
“Shippers should consider only signing three-month deals or adding a ‘return to Suez rate’ to the contract to cover this eventuality,” said Hookham ... Drewry argues that unlike some analysts it deals in ...
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