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 ...

Chairman and Managing Director of the Suez Canal Authority, and others met with 23 major shipping lines and agencies to ...

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 ...

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.

El-Sisi's remarks came during the inauguration of the seventh edition of Egypt Energy Show (EGYPES 2024), held at Al-Manara International ... 2022/2023 fiscal year, Suez Canal revenues hit a ...

The planned port could be a response to a long-touted Israeli plan to decouple the international maritime movement from the ...

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% ...

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 ...

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 ...

Egypt - A banking alliance led by Banque Misr, alongside Suez Canal Bank and Al Baraka Bank–Egypt, has successfully secured long-term joint financing of $108m for MAFI for Agricultural Produce ...

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 ...