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Business
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Economy
9/13/2023 5:28:12 PM
The Egyptian Cabinet announced in a statement on Wednesday the approval of building a $1 billion steel industrial complex extending 1.5 million square meters in the Suez Canal Economic Zone (SCZone).
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Business
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Economy
9/13/2023 5:05:39 PM
Egypt will begin cleaning and rehabilitating the Kitchener Drain, one of the country’s largest and most-polluted agricultural canals, within months, Minister of Local Development Hesham Amna said on Wednesday.
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Egypt
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Urban & Transport
9/3/2023 6:45:14 PM
Egypt will receive the first regional train for the first line of its high-speed electric railway in the second half of October, with the remaining trains arriving later as per schedule, Minister of Transport Kamel El-Wazir said on Sunday.
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Business
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Economy
8/27/2023 10:51:34 PM
Egypt Cady Textile Company started the construction of a 145,500-square-meter eco-friendly clothing and textile factory in the TEDA-Egypt zone within the Suez Canal Economic Zone (SCZone) on Sunday, according to a Cabinet statement.
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Egypt
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Urban & Transport
8/23/2023 5:52:00 PM
Navigation resumed normally in both directions of the Suez Canal on Wednesday after a ‘sight contact’ took place between two vessels while transiting the canal during the early hours in the morning, the Suez Canal Authority (SCA) announced.
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Al-Ahram Weekly
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Egypt
8/18/2023 7:03:00 PM
The higher volume of vessels transiting through the Suez Canal is ideal for the growth of the logistics industry.
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Egypt
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Politics
8/13/2023 9:35:38 PM
Egyptian President Abdel-Fattah El-Sisi has reappointed Lieutenant General Osama Rabie as the Chairman of the Suez Canal Authority (SCA) for another one-year term, effective Saturday 12 August.
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Al-Ahram Weekly
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Egypt
8/9/2023 9:05:00 PM
On the eighth anniversary of the opening of the New Suez Canal, the international waterway is realising record earnings.
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Business
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Economy
8/9/2023 5:52:16 PM
The Egyptian government has signed a preliminary agreement with the Indian renewable energy company Ocior to invest $4 billion in green hydrogen projects in the Suez Canal Economic Zone (SCZone).
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Egypt
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Urban & Transport
8/8/2023 10:38:53 PM
The Suez Canal Authority (SCA) announced on Tuesday the successful recovery of the sunken tugboat ‘Fahd’, while ensuring navigation operations remained unaffected by the recovery efforts.
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Egypt
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Urban & Transport
8/6/2023 6:19:21 PM
Egypt celebrated on Sunday the 8th anniversary of the New Suez Canal, recording a 55.1 percent increase in canal traffic between the fiscal year 2013/14 and 2022/23 and a 77.4 percent increase in revenue from $5.3 billion to $9.4 billion.
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Egypt
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Urban & Transport
8/6/2023 5:43:06 PM
Work is still underway to recover a tugboat that sank after colliding with the LPG tanker China Gas Legend in the Suez Canal on Saturday, Chairman of the Suez Canal Authority (SCA) Osama Rabie said on Sunday afternoon.
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Egypt
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Urban & Transport
8/6/2023 11:23:00 AM
One crewmember had died after their tugboat sank following a collision with the LPG tanker China Gas Legend in the Suez Canal, Chairman of the Suez Canal Authority (SCA) Osama Rabie said on Saturday.
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Business
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Economy
8/3/2023 10:06:45 PM
The Suez Canal Economic Zone (SCZone) will launch an investment company named SCZone Istithmar Company after receiving approval from the Egyptian Cabinet, according to an official statement released by SCZone on Thursday.
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Al-Ahram Weekly
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Opinion
8/2/2023 8:50:00 PM
The second Russia-Africa Summit that came to a close last week in St Petersburg was an opportunity to reaffirm time-honoured ties of friendship between the Russian Federation and African states, with relations based on mutual respect and trust.
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Egypt
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Urban & Transport
7/26/2023 7:36:23 PM
1.71 million ships carrying 32 billion tons of goods have transited the Suez Canal since nationalization on 26 July 1956, Chairman of the Suez Canal Authority (SCA) Osama Rabie said on Wednesday.
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Multimedia
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7/26/2023 6:35:00 PM
The 1869 inauguration of the canal linking the Red Sea to the Mediterranean was hailed as a leap into the modern age. President Gamal Abdel-Nasser’s nationalization of the British and French-run waterway in 1956 is seen as marking Egypt’s decisive break with its colonial past.
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Business
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Economy
7/25/2023 9:03:25 PM
Revenue from the Suez Canal and tourism in Egypt rose by 22.3 percent and 25.7 percent, respectively, during the first nine months of the fiscal year (FY) 2022/2023, while remittances from Egyptian expats dropped over 26 percent, according to a report published by the Central Bank of Egypt (CBE) on Tuesday.
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Business
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Economy
7/24/2023 4:33:29 PM
Japanese manufacturer Torishima is set to build a pump production centre in Egypt's Suez Canal Economic Zone (SCZone) extending over 30,000 square metres with $5 million in investments, read a cabinet statement on Monday.
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Business
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Economy
7/13/2023 6:29:00 PM
The Suez Canal Economic Zone (SCZONE) has signed a series of agreements for investment projects worth $60 million in the China-Egypt TEDA Cooperation Zone and New Administrative Capital, according to a statement on Wednesday.
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