$7B revenues loss are expected for 2024 as a consequence of Red Sea instability that disrupted shipping traffic: the Suez Canal traffic has experienced a dramatic revenue drop of over 60% compared to 2023

A package of proposed projects under the initiative Sustainable Blue Economy in the Red Sea and Gulf of Aden HESBERSGA has been reviewed following recent regional meetings held in Jeddah, Saudi Arabia, the Ministry of Environment said

Coca-Cola opened a new $35 million PET line in Alexandria with a production capacity of 65.000 bottles per hour and over 33 million cases annually, showing its commitment on investing in Egypt as a key hub for regional markets

Measures to strengthen oversight and enforcement across food production factories nationwide are a key priority discussed at government level as part of broader efforts to enhance food safety and protect public health and export revenues

The biggest gas find in 15 years, in the Western Desert, add to a record year for gas discoveries in Egypt; though domestic shortage make import crucial, war drives energy demands to record highs and makes Cairo eligible as major gas export hub