Suez

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…

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…