Suez Canal, Egypt and Red Sea
Suez Canal revenues plummet to $4 bln in 2024 amid Red Sea tensions: SCA chairman
Egypt's Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 (a 60.7 percent loss) due to the ongoing tensions in the Red Sea, Chairman of the Suez Canal Authority (SCA) Osama Rabie stated in an interview with Sada El-Balad on Saturday.
Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its ...
Egypt successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway ...
President says due to “regional challenges”, country lost approximately $7 billion in Suez Canal revenue, 60pc less than 2023 ...
Suez Canal Authority (SCA) announced on Saturday the successful trial operation of the canal's new dual passageway in the ...
Egypt has successfully tested a newly constructed 10-kilometre extension of the Suez Canal. The initiative aims to reduce the ...
China has voiced its support for Panama to retain control of the Panama Canal after Trump floated the idea of taking back control of the trade route.
The lender is set to raise its capital by EGP 1.50 billion financed from the shareholders' share in the distribution of profits for the year that ended on December 31st 2023 ...
Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on ...
A decades-old plan, a Suez Canal alternative for larger boats, is a bit held up by Israel’s drive to get Gaza terrorist-free. There’s always something. This Canal can be finished in five years, but ...
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