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 ...
CAIRO - Egypt has tested a new 10-kilometre extension to the Suez Canal as it tries to minimise the impact of currents on ...
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 ...
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 ...
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 ...
The National on MSN4d
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this yearEgypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks ...
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