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Middle East

Egypt Signs $220m Deal for Solar Energy Complex in SCZONE

Egypt signed a $220m agreement for a solar energy complex in SCZONE, partnering with global investors to produce solar cells, panels, and storage systems, strengthening Egypt’s green economy while targeting exports and local market growth
Middle East

Famine Declared in Gaza as Over Half a Million Starve

The Integrated Food Security Phase Classification confirms famine in Gaza, where starvation, acute malnutrition, and preventable deaths are surging. UN agencies warn that without a ceasefire and aid, conditions will worsen dramatically
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Egypt

Egypt Welcomes Record 15.7 Million Tourists in 2024, Eyes 18 Million in 2025

Prime Minister Mostafa Madbouly made the announcement at a weekly news conference in the country’s new administrative capital, located east of Cairo. He hailed the figures as "promising" and expressed optimism for the future of Egypt's tourism industry
Egypt

Suez Canal Revenues Plunge by 60%, Exacerbating Egypt’s Economic Crisis

The canal, which accounts for 12% of global trade and is a key pillar of Egypt’s struggling economy, has been heavily affected by the ongoing war between Israel and Gaza, as well as a series of attacks by Yemen's Houthi rebels
Iraq

Iraq’s $17 Billion Trade Corridor Aims to Transform Global Trade Routes

With a projected cost of $17 billion, this corridor of roads, railways, ports, and cities could pose a significant challenge to Egypt’s Suez Canal, currently a critical artery of global trade
Egypt

Suez Canal Welcomes Historic Crossing of Giant DOURADO Barge Following Expansion

Spanning 90 meters wide, the barge represents a milestone in the Egyptian waterway’s capabilities, a feat made possible by recent expansion efforts, according to SCA Chairman Osama Rabie
Egypt

Egypt Responds to Outrage Over Israeli Warship’s Suez Canal Passage

In a public statement, the SCA stressed its adherence to the Constantinople Convention of 1888, an international treaty that guarantees unrestricted access to the canal for vessels of any nationality, whether they are commercial or military
Middle East

Houthi Missile Attacks Disrupt Shipping in Gulf of Aden: Two Commercial Vessels Damaged

Despite the damage inflicted, the ship continued its voyage with no injuries reported among its crew. The Norderney is managed by Sunship Schiffahrtskontor, which has also not issued a statement
Middle East

Red Sea Crisis Disrupts Shipping Routes, Soars Maritime Costs Between Europe and Asia

Logistic experts warn that this crisis could have severe consequences for global trade, impacting economies and raising concerns about the efficiency of supply chains

Latest articles

Middle East

Egypt Signs $220m Deal for Solar Energy Complex in SCZONE

Egypt signed a $220m agreement for a solar energy complex in SCZONE, partnering with global investors to produce solar cells, panels, and storage systems, strengthening Egypt’s green economy while targeting exports and local market growth
Middle East

Famine Declared in Gaza as Over Half a Million Starve

The Integrated Food Security Phase Classification confirms famine in Gaza, where starvation, acute malnutrition, and preventable deaths are surging. UN agencies warn that without a ceasefire and aid, conditions will worsen dramatically
Middle East

Iran and European Powers to Resume Nuclear Talks in Geneva Tuesday

Deputy foreign ministers from Iran, Britain, France, Germany, and the European Union will convene in Geneva on Tuesday, seeking progress in reviving the 2015 nuclear agreement amid growing regional tensions and Western concerns over uranium enrichment
Middle East

Dubai Metro Blue Line to Transform Travel with Futuristic Design

The newly unveiled Dubai Metro Blue Line will connect vital hubs, reduce congestion, and deliver futuristic design features including the world’s highest station, marking a major milestone in the emirate’s journey towards a sustainable 2040 urban mobility master plan

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