All the project funds were in Egyptian pounds to avoid reliance on foreign currency and equipment rentals and to support the local economy. Rabie also affirmed that no increase in Suez Canal ...

Egypt is “cautiously optimistic” a ceasefire between Israel and Hamas will eventually translate into a recovery in Suez Canal revenue, which fell at least 60% due to the war, the country’s ...

Maritime traffic through Egypt's Suez Canal has not been disrupted by recent violence in the canal cities of Port Said and Suez. Fears had been raised over the possible halt of canal traffic after ...

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 shipping and increase the key waterway's capacity. Two ships used the ...

This stood at about $7 bln, in the outgoing year CAIRO, December 27. /TASS/. Egypt lost more than 60% of Suez Canal revenues, which stood at about $7 bln, in the outgoing year, Chairman and ...

The Suez Canal expansion will cement Egypt's status as a key contributor to world trade, said Dr Sultan bin Ahmed Sultan Al Jaber, UAE Minister of State, and chairman of the coordination office of ...

The Houthi attacks on ships in the Red Sea have ceased owing to the ceasefire in Gaza, prompting Egypt to encourage shipping companies to resume sailing through the waterway.

Egyptian President Abdel Fattah Al Sisi said on Thursday that due to "regional challenges", the country had lost approximately $7 billion in Suez Canal revenue in 2024, marking more than a 60% ...

Egypt - Suez Canal Authority (SCA) Chairperson Osama Rabie recently met ... This facility was inaugurated by Egyptian President Abdel Fattah Al-Sisi in May 2024.

Egyptian President Abdel-Fattah al-Sisi said Thursday that the Suez Canal revenues fell more than 60 percent year-on-year in 2024 amid regional challenges, according to a statement by the Egyptian ...

Egypt is set to inaugurate a new $8.5 billion extension to the Suez Canal. The project is meant to bolster the credibility of Egyptian President Abdel Fattah Al Sisi and, many hope, boost the ...