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Egypt Independent
21-05-2025
- Politics
- Egypt Independent
Relations between Egypt and Saudi Arabia are solid: Official
Egyptian Cabinet Spokesperson Mohamed al-Homsany said that the visit of the Speaker of the Saudi Shura Council to Egypt and his meeting with Prime Minister Mostafa Madbouly comes as part of reciprocal visits between both countries. During a phone interview with TV host Sherif Amer on the program 'Yahdoth Fi Masr' (Happening in Egypt), broadcast on MBC Masr, Homsany emphasized that relations between the two countries are strong and solid, with ongoing communication at various levels. Telations between Egypt and Saudi Arabia, both at the official and popular levels, are very close, a point Madbouly emphasized during the meeting on Tuesday. Homsany indicated that an agreement was reached on Tuesday to form the joint Egyptian-Saudi Supreme Coordination Council. He assured that the visit is, 'Not a response to any rumors, but rather comes to strengthen cooperation between the two countries and as part of a series of ongoing visits that reflect the depth of bilateral relations.'
Egypt Independent
17-05-2025
- Business
- Egypt Independent
Suez Canal Authority to reduce ship transit fees
Suez Canal Authority Chairman Osama Rabie said that the 90-day reduction in transit fees was a well-considered and long-planned decision. He indicated that they were waiting for the opportune moment for the reduction to have a significant impact, adding that he had met with all maritime agents and major companies to coordinate their return to transiting the Suez Canal. During a phone-in interview on the 'Yahdoth Fi Masr' (Happening in Egypt) program with journalist Sherif Amer, Rabie said that Evergreen and Maersk have begun organizing their schedules to resume sailing through the Suez Canal. He expects that all major shipping companies will return to navigating the Suez Canal once the situation in the Red Sea calms down. The current crisis facing the Suez Canal is more challenging than the COVID-19 pandemic, he added. He explained, 'This period is longer, and we have lost $10.5 billion in a year and a half, which is a significant amount and has affected the Authority, morale, and everything else. During the COVID crisis, we did not incur losses, and we also implemented significant discounts.' The fee reductions aim to incentivize companies to resume Suez Canal transits, a move that was universally welcomed, he said. 'We expect a return to navigation within a month, and more than one agency has started moving vessels, and ships are passing after the situation in the Red Sea has calmed down.'
