Egypt Denies Military Intervention Plans in Yemen Against Houthis

Egypt Denies Military Intervention Plans in Yemen Against Houthis

CAIRO, Egypt — Egypt has officially denied any preparations for military intervention in Yemen against the Houthi group, which is internationally classified as a terrorist organization. A responsible Egyptian source, as reported by "Cairo News," described recent claims regarding...

First Official Contact Between Egypt and New Syrian Leadership

First Official Contact Between Egypt and New Syrian Leadership

On December 31, 2024, Syrian Foreign Minister Asad Al-Shaibani announced that he received a phone call from Egyptian Foreign Minister Badr Abdel Aty. In a post on X (formerly Twitter), Al-Shaibani noted that the conversation emphasized the importance of both countries in fostering stability and pr...

Egypt and Yemen to Launch Direct Flights Between Cairo and Al-Rayan

Egypt and Yemen to Launch Direct Flights Between Cairo and Al-Rayan

CAIRO — Egypt's Minister of Civil Aviation, Dr. Samih Al-Haf, has announced that preparations are in their final stages to inaugurate direct flights between Cairo International Airport and Al-Rayan Airport in Yemen's Hadramout Governorate. In a recent meeting with his Yemeni count...

IMF Reports Red Sea Tensions Cost Egypt 70% of Suez Canal Revenue

IMF Reports Red Sea Tensions Cost Egypt 70% of Suez Canal Revenue

On November 20, 2024, the International Monetary Fund (IMF) announced that ongoing tensions in the Red Sea have led to a staggering 70% drop in revenues from the Suez Canal, a vital source of foreign currency for Egypt. This statement followed the IMF's fourth review of Egypt's economic re...

UN Envoy Calls for Urgent Action to De-escalate Tensions in the Red Sea

UN Envoy Calls for Urgent Action to De-escalate Tensions in the Red Sea

Hans Grundberg, the United Nations Special Envoy to Yemen, emphasized the urgent need for measures to de-escalate tensions in the Red Sea to prevent further destabilization. His remarks came at the conclusion of a two-day visit to Cairo, where he met with Egyptian Foreign Minister Badr Abdelattiy ...

Egypt Reports 25% Decline in Suez Canal Revenues

Egypt Reports 25% Decline in Suez Canal Revenues

Egypt announced on Tuesday that revenues from the Suez Canal dropped by 25% in the last fiscal year, which ended in June, largely due to ongoing regional tensions. A report from the Central Bank of Egypt revealed that Suez Canal revenues amounted to $6.6 billion, down from $8.8 billion in the p...