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Egypt Shuts 2 Red Sea Ports Over Bad Weather

A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS
A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS
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Egypt Shuts 2 Red Sea Ports Over Bad Weather

A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS
A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS

Egypt closed two Red Sea ports on Saturday due to bad weather, the Red Sea Ports Authority said.

The ports were Suez and Zeitiyat in the Suez province.

The Red Sea Ports Authority said in a statement that maritime traffic and all marine activities were halted due to strong winds and high waves.

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Greece's 2024 Central Government Surplus Exceeds Target

A view of the port of the tiny Greek island of Kastellorizo, officially Megisti, the most southeastern inhabited Greek island in the Dodecanese. (AFP)
A view of the port of the tiny Greek island of Kastellorizo, officially Megisti, the most southeastern inhabited Greek island in the Dodecanese. (AFP)
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Greece's 2024 Central Government Surplus Exceeds Target

A view of the port of the tiny Greek island of Kastellorizo, officially Megisti, the most southeastern inhabited Greek island in the Dodecanese. (AFP)
A view of the port of the tiny Greek island of Kastellorizo, officially Megisti, the most southeastern inhabited Greek island in the Dodecanese. (AFP)

Greece's central government primary surplus reached 3.5% of its Gross Domestic Product (GDP) last year, well above the government's target, the outgoing finance minister said on Saturday.
The latest government estimate was for a primary surplus, which excludes debt-servicing costs, of 2.5% of GDP, Reuters reported.
Greece, which almost went bankrupt in the last decade, needs to achieve primary surpluses in coming years to keep its huge debt viable.
"In a month from now, when the final figures come out, you will see a primary surplus of about 3.5% of GDP, but also a fiscal surplus of 0.2%," said Kostis Haztzidakis, welcoming the new finance minister, Kyriakos Pierrakakis.
On Friday, Prime Minister Kyriakos Mitsotakis named new finance and transport ministers in a reshuffle designed to shore up support for his government after mass protests over a 2023 train crash.