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

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 ...

CAIRO - 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 Yemen's Houthi militants ...

CAIRO - Egypt has tested a new 10-kilometre 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 new ...

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 ...

Suez Canal revenue fell 60 percent, or $7 billion, year on year in 2024 as ongoing instability in the Red Sea disrupted ...

Shehata added that the expansion is a strategic move to prepare for increased shipping traffic as stability improves in the Red Sea region. This news comes after Egyptian President Abdel-Fattah ...

Egypt has successfully tested a newly constructed 10-kilometre extension of the Suez Canal. The initiative aims to reduce the effects of water and air currents on shipping while enhancing the key ...

In August 2010, the Beijing-Tibet Expressway experienced a 12-day traffic jam affecting over 100 km due to roadwork, heavy vehicle traffic, and breakdowns. People endured harsh conditions while ...