After months of punishing inflation and a plummeting currency value, Egyptians are growing louder about an economic crisis. In exchange for a bailout, the I.M.F. is imposing stern conditions on the government.
Digital Suez : How the internet flows through Egypt - and why Google could change the Middle East
Most web traffic between Europe and Asia passes through fibre optic cables crossing Egypt. Could a proposed new route through Israel and Saudi Arabia break the Red Sea bottleneck ?
Most internet traffic between Europe, the Middle East and Asia passes through Egypt (MEE/Illustration by Mohamad Elaasar) By Published date: 3 March 2021 09:16 UTC | Last update: 3 weeks 5 days ago
There are only a few historically strategic transit points around the Mediterranean Sea: the Strait of Gibraltar, the Bosphorus, and the Suez Canal.
While the Suez Canal has been a jewel in Egypt’s crown since 1869, netting the country some $5.6bn in revenues in 2020, it accounts for just eight percent of world cargo shipments.