Canal

Egyptian President Abdel Fattah al-Sisi, in a bid to illuminate the economic ripples of regional tension, unveiled a worrying revelation on Monday. The Suez Canal, a crucial artery of global maritime trade, is hemorrhaging approximately $800 million every month. A staggering loss underscored by growing instability in the region. This shortfall not only poses a threat to Egypt’s economic engine but also raises a question: What are the far-reaching consequences of such financial hemorrhage on global…

The Suez Canal: Navigating Rough Waters in Search of Economic Stability The Suez Canal, a name synonymous with maritime economics and global trade, faces rough waters once more. Imagine a once vibrant corridor, bustling with the energy of international trade, now struck by a trifecta of unforeseen challenges. This crucial waterway, which has been the heart of Egypt's economic lifeline, is currently grappling with a loss of around $800 million in monthly revenue. How did this happen? And more importantly, what does it mean…

Donald Trump, soon to take on the role of President of the United States, is keeping his options wide open about possibly employing military or economic measures to gain control of the Panama Canal and Greenland. This ambition fits into a larger vision of U.S. expansionism that he has championed since his electoral victory. As Trump gears up for his inauguration on January 20, he’s hinted at some rather bold foreign policy moves. Among those ideas is the transformation of Canada into an additional state for the U.S.,…

Cargo ship stuck in the Suez Canal is moving again After the colossal ship that had blocked the Suez Canal for almost a week was partially flooded earlier Monday, it has now been released, according to local witnesses and a shipping agency in Egypt. With the help of high tide, a beautiful tugboat managed to unscrew the arch of the skyscraper size ever given from the sandbank by the…