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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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Business
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Economy
3/27/2024 1:54:36 PM
The General Authority for the Economic Zone of the Suez Canal and the French-owned Saint-Gobain Egypt Glass Companies Alliance signed a framework agreement to build a flat glass factory in the industrial zone of Ain Sokhna, the cabinet said on Wednesday.
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Business
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Economy
3/26/2024 6:57:56 PM
Hossam Heiba, executive director of the General Authority for Investment and Free Zones (GAFI), granted on Tuesday golden licenses to six companies implementing projects worth EGP 5.6 billion (just over $117 million), bringing the total number of projects receiving golden licenses to 29.
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Egypt
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Foreign Affairs
3/25/2024 4:04:16 PM
Prime Minister Mostafa Madbouly said the annual revenue of Egypt’s Suez Canal declined by more than 50 percent due to the Red Sea conflict, noting that Egypt has borne the brunt of these events.
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Egypt
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Foreign Affairs
3/23/2024 5:38:19 PM
Singapore's Foreign Minister Vivian Balakrishnan stressed on Saturday that ensuring safe and sustainable navigation in the Suez Canal is a supreme interest for his country, as it the ideal means of trading with Europe.
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Egypt
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Defence
3/19/2024 10:47:40 PM
President Abdel-Fattah El-Sisi celebrated the anniversary of the 10th of Ramadan victory, when Egyptian Armed Forces crossed the Suez Canal on 6 October 1973, by calling it an epic tale of heroism, sacrifice, and redemption, according to the Egyptian presidency.
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Egypt
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Urban & Transport
3/12/2024 7:26:30 PM
The Suez Canal Authority (SCA) issued updated regulations and revised costs for mooring services during vessel crossings of the crucial waterway, according to a circular statement issued on Tuesday.
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Egypt
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Urban & Transport
3/5/2024 10:01:00 PM
Chairman of Suez Canal Authority (SCA) Osama Rabie revealed the details of the proposed project that would extend and complete the second channel of the international waterway, responding to citizens' concerns over the funding source and necessity of the project.
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Egypt
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Urban & Transport
3/4/2024 7:59:14 PM
A project for the expansion of the Suez Canal, which would extend and complete the second channel of the waterway, is being studied, said Suez Canal Authority Chairman Osama Rabie, who also asserted that the project will be fully funded by the authority.
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Egypt
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Urban & Transport
3/4/2024 10:36:41 AM
Osama Rabie, chairman of the Suez Canal Authority (SCA), revealed on Sunday details of the Suez Canal doubling project as two international companies are currently preparing the project’s feasibility studies.
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World
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Region
3/3/2024 1:47:43 PM
Iran unsuccessfully pressed Sudan to let it build a permanent naval base on the African country’s Red Sea coast, something that would have allowed Tehran to monitor maritime traffic to and from the Suez Canal and Israel, a senior Sudanese intelligence official told the WSJ.
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Egypt
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Urban & Transport
2/19/2024 6:31:27 PM
President Abdel-Fattah El-Sisi said on Monday that the revenue from the Suez Canal has dropped 40-50 percent this year, alluding to the effect of Houthi attacks on shipping in the Red Sea.
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