Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian ...

Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its ...

The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and ...

The office did not provide total figures, or tonnage numbers. Admiral Ossama Rabiee, the chairman and managing director of ...

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 ...

Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...

Egypt's Suez Canal revenue has dropped significantly due to geopolitical tensions and Houthi attacks in the Red Sea, causing ...

Bridges are one of the infrastructural projects that make commuting stress-free and evidence of development and innovation in ...

Houthi attacks have prompted many shipping companies to reroute their vessels around the Cape of Good Hope in South Africa, bypassing the Suez Canal altogether. Despite attacks by the United ...

As a result of this armed conflict, Egypt has suffered a huge financial loss as its earnings from the Suez Canal have fallen ...

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 ...

Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian ...