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Business
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Economy
9/8/2024 5:31:30 PM
The Suez Canal Economic Zone (SCZONE) signed nine agreements for six projects with Chinese investors valued at more than $1.067 billion, according to a press release by the SCZONE on the sidelines of the Forum of China-Africa Cooperation (FOCAC).
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Business
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Economy
9/1/2024 9:25:54 PM
Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat discussed on Sunday with President of the New Development Bank (NDB) Dilma Rousseff boosting cooperation between Egypt and the bank.
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Business
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Markets & Companies
8/14/2024 6:21:46 PM
The General Authority for Suez Canal Economic Zone (SCZONE) in cooperation with the Turkish group Eroğlu Global Holding announced the launch of a $40 mln garments project in the West Qantara Industrial City.
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Egypt
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Foreign Affairs
8/7/2024 7:55:00 PM
Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty stressed on Wednesday the need for joint efforts to reassure international shipping companies and ensure a safe environment for ship passage in the Red Sea.
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Business
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Economy
7/18/2024 5:52:02 PM
The revenues of the Suez Canal Economic Zone (SCZONE) hit its all-time high of EGP 8.25 billion in FY 2023/2024, marking a 36 percent growth by EGP 6.07 billion, compared to FY 2022/2023, SCZONE announced in a statement on Thursday.
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Egypt
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Urban & Transport
7/18/2024 1:45:21 PM
Egypt’s revenues from the Suez Canal declined to $7.2 billion during the fiscal year (FY) 2023/2024 from $9.4 billion in FY2022/2023 due to ongoing Red Sea tensions, Chairman of the Suez Canal Authority (SCA) Osama Rabie stated on Thursday.
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Business
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Markets & Companies
7/14/2024 10:01:42 PM
The Suez Canal Economic Zone (SCZONE) and Chinese company Zhejiang Hengsheng laid Sunday the cornerstone of the $70 million textiles and clothing factory in West Qantara Industrial City in Ismailia.
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Business
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Economy
7/8/2024 7:43:59 PM
Revenues from Egypt’s Suez Canal shrank by 57.2 percent in the third quarter (January-March) of the FY2023/2024, which ended on 30 June, due to a drop in transit receipts, revealed a statement on the country's current account performance by the Central Bank of Egypt (CBE) on Monday.
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Al-Ahram Weekly
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Features
7/2/2024 5:24:00 PM
The development of the Ain Sokhna Port, part of the Suez Canal Economic Zone, has facilitated the expansion of investment in the area, reports Karima Abdel-Ghani
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Egypt
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Urban & Transport
6/14/2024 6:34:53 PM
Egypt’s Suez Canal announced increasing the fees for vessels utilizing the canal's electronic services to $300, up from $50, effective 1 September 2024.
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Egypt
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Urban & Transport
6/12/2024 9:54:25 PM
Egypt, represented by the Red Sea Ports Authority and Suez Canal Economic Zone, signed two concession agreements on Wednesday with Emirates’ Abu Dhabi Ports Group for developing, managing, and operating cruise terminals in Red Sea ports.
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Egypt
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Urban & Transport
6/12/2024 3:19:58 PM
Osama Rabie, the Chairman of the Suez Canal Authority (SCA), has stressed that the Cape of Good Hope route, which many ships are currently using due to tensions in the Red Sea, is not sustainable and lacks the necessary support services.
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Business
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Economy
6/12/2024 12:54:08 PM
The World Bank maintained its projections for Egypt’s real GDP growth in both 2024 and 2025 at 2.8 percent and 4.2 percent, respectively, compared to the last projections released in April, according to the Global Economic Prospects report released on Tuesday.
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Al-Ahram Weekly
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Economy
5/21/2024 9:57:13 PM
A government-drafted amendment to increase 2023-24 budget expenditure by LE320 billion was approved by the House of Representatives on Monday, reports Gamal Essam El-Din
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Al-Ahram Weekly
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Economy
5/20/2024 1:00:00 PM
Many economic indicators are improving against the background of an uncertain regional scene.
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War on Gaza
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War on Gaza
5/15/2024 6:55:37 PM
Yemen's Houthi rebels on Wednesday claimed targeting a US Navy destroyer and a commercial ship in the Red Sea. However, the attack on the warship apparently happened nearly two days earlier and saw the vessel intercept the missile targeting it.
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Egypt
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Urban & Transport
5/13/2024 5:23:01 PM
The Suez Canal expects high revenues of $9 billion during the upcoming fiscal year 2024/25 despite the major blow dealt over the past months due to Houthi attacks in the Red Sea.
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Business
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Economy
5/7/2024 5:25:15 PM
Revenues from Egypt’s tourism sector and Suez Canal in the current FY2023/2024, which ends on 30 June, and the upcoming FY2024/2025 could shrink by up to $13.7 billion the United Nations Development Program (UNDP) said in a new study.
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Egypt
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Urban & Transport
4/23/2024 12:49:29 PM
The Suez Canal Authority (SCA) announced Tuesday that its maritime rescue units saved the Tanzanian-flagged cargo ship LABATROS from sinking in Port Said City.
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Al-Ahram Weekly
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Economy
4/18/2024 9:22:00 AM
Houthi attacks on shipping in the Red Sea have been impacting Egypt’s exports.
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