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The Panama Canal Dries Up And Is Hit By A Powerful Earthquake - Foreign Affairs - Nairaland

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The Panama Canal Dries Up And Is Hit By A Powerful Earthquake by SummaryChannel: 6:33pm On May 25, 2023
The Panama Canal dries up and is hit by a strong earthquake, and the revenues of the Suez Canal rise

https://www.youtube.com/watch?v=5Yhe5iJJFzA

The latest news of the Egyptian economy, the status of the Egyptian pound, and new Egyptian economic affairs are presented by this episode of Samari TV.

And starting with the Suez Canal .. Where the head of the Suez Canal Authority, Lieutenant General Osama Rabie, said that the Suez Canal is expected to achieve record unprecedented profits amounting to 9 billion dollars. He also pointed out that the drought that the Panama Canal in Central America is currently exposed to, which is the first competitor to the Suez Canal in attracting world trade, will be in favor of the Suez Canal since giant cargo ships will find themselves forced to use the Egyptian navigational corridor through the Egyptian Suez Canal. Episode of the canal explosion, full details of the history of the Panama Canal, with a comparison between it and the Egyptian Suez Canal.

On the other hand, the episode returns to the latest we know about the date of liberalizing the exchange rate of the Egyptian pound from the Central Bank of Egypt and the Egyptian government, and conducting the International Monetary Fund's review of the economic reform program that Egypt is implementing.

Where it indicates the continued slowdown in the sale of Egyptian assets and Egyptian army companies, which was announced by the Egyptian government months ago, as a result of waiting for foreign investors in Egypt and investors from the Arab Gulf region - Gulf investments in Egypt - to float the pound before buying.
And the stability of the exchange rate of a pound or the price of the pound against the dollar

The episode of the channel explosion refers in this context to the statements of Qatari Finance Minister Ali al-Kuwari on the sidelines of the Qatar Economic Forum about Qatar's continued desire to invest in Egypt, but without providing unconditional deposits, in follow-up to a similar declaration made by the Kingdom of Saudi Arabia at the recent Davos Economic Forum.

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