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's Ministry of Investment and External Trade has granted nine golden licenses to strategic investment projects across ...

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

In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, ...

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 ...

Egypt’s Suez Canal has seen its revenues nosedive by more than 60 percent in 2024 compared to the previous year, amounting to a staggering $7 billion loss, according to a statement released on ...

Suez Canal Bank (CANA) decided to increase its issued capital from EGP 5 billion to EGP 6.5 billion, according to a bourse disclosure on December 30th 2024. The lender is set to raise its capital by ...

Egypt has tested a new 10-kilometre extension to the Suez Canal. This aims to minimize the impact of currents on shipping and ...

Egypt said on Saturday it had successfully tested a new 10 km. channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Houthi terrorists began ...

CAIRO: 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. During a ...