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Egypt
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Urban & Transport
2/14/2024 8:05:45 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie affirmed ongoing coordination with clients to minimize the impact of the Red Sea tensions during a meeting on Wednesday with Soren Toft, the CEO of MSC Group, one the world’s largest container shipping company.
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Egypt
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Urban & Transport
1/31/2024 9:49:32 PM
The Chairman of the Suez Canal Authority (SCA), Osama Rabie, discussed with the US Ambassador to Cairo, Herro Mustafa Garg, the latest developments in the Southern Sector Development Project of the Suez Canal, which will increase navigation safety in the canal by 28 percent.
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Al-Ahram Weekly
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Opinion
1/30/2024 9:34:52 PM
Gamal Wagdy advises against securitising dollar revenues from Egypt’s main hard-currency earners like the Suez Canal
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Egypt
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Urban & Transport
1/25/2024 5:18:48 PM
Suez Canal navigation is running regularly and has never halted, not even for a single day, since the onset of the Red Sea and Bab Al-Mandeb Strait’s crisis, Egypt's Suez Canal Authority (SCA) Chief Osama Rabie stressed on Thursday.
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War on Gaza
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War on Gaza
1/24/2024 2:34:56 PM
China, the world’s biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal.
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Al-Ahram Weekly
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Egypt
1/23/2024 10:41:47 PM
The European Union reiterated its support for Egypt at a meeting of the EU-Egypt Association Council marking 20 years of the EU-Egypt Association Agreement in Brussels this week
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Business
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Economy
1/23/2024 8:08:04 PM
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total, according to a Cabinet statement on Tuesday.
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Business
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Economy
1/22/2024 7:16:01 PM
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist Ziad Daoud.
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Egypt
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Urban & Transport
1/22/2024 5:45:31 PM
Egypt’s Suez Canal has deployed an emergency team to provide maintenance and repairs services for dry bulk vessel ZOGRAFIA, which was targeted in an attack by Houthi rebels in the Red Sea last week, according to a statement by the Suez Canal Authority (SCA).
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Business
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Economy
1/17/2024 2:10:40 PM
The World Trade Organization's chief Ngozi Okonjo-Iweala on Wednesday said she was "less optimistic" about world trade in 2024, pointing to tensions in the Red Sea.
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Egypt
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Urban & Transport
1/16/2024 11:19:31 PM
Osama Rabie, the chairman of Egypt’s Suez Canal Authority (SCA), has stressed that the decision of some shipping companies to reroute from the Suez Canal is a temporary measure driven by security concerns amid the ongoing escalation in the Red Sea.
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Al-Ahram Weekly
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Economy
1/16/2024 9:16:04 PM
Houthi attacks on ships sailing through the Red Sea are disrupting shipping, and the Suez Canal is feeling the brunt, write Ahmed Abdel-Hafez and Niveen Wahish
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War on Gaza
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War on Gaza
1/16/2024 3:08:52 PM
A Greek-owned cargo ship was hit by a missile off Yemen, a maritime risk management company said on Tuesday, following a string of attacks in the Red Sea by Yemen's Houthi rebels, in response to Israel's months-long war on Gaza.
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Business
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Energy
1/15/2024 8:40:11 PM
The world's second largest liquid natural gas (LNG) exporter QatarEnergy suspended LNG shipments via the Red Sea pending “security advice” due to the ongoing escalation in the Red Sea, posing a new challenge to Egypt’s Suez Canal given its close connection to the crucial international trade route.
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Egypt
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Urban & Transport
1/13/2024 8:06:58 PM
Osama Rabie, the head of the Suez Canal Authority (SCA), said in a statement issued Saturday that navigation in the Suez Canal was running smoothly in both directions.
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Egypt
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Urban & Transport
1/12/2024 3:42:10 PM
The ship traffic has decreased 30% in Egypt’s Suez Canal since the beginning of 2024 compared to 2023, due to recent tensions in the Red Sea, Suez Canal Authority (SCA) Chairman Osama Rabie said on Thursday.
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Business
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Economy
1/11/2024 11:28:49 AM
Egypt’s securitization of FX revenue will not affect assets, says Sherif Samy, former chair of Financial Regulatory Authority
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Egypt
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Foreign Affairs
1/10/2024 11:00:15 PM
Egypt’s Prime Minister Mostafa Madbouly discussed the impact of Houthi attacks on shipping in the Red Sea on the Suez Canal with Maersk Group officials, including CEO Vincent Clerc, during a video-conference on Wednesday, the Egyptian Cabinet announced.
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Business
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Economy
1/9/2024 5:00:32 PM
The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
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Business
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Economy
1/8/2024 2:13:11 PM
Egypt plans to increase its annual foreign currency revenue from exports, tourism, remittances, foreign direct investments (FDIs), the Suez Canal, and outsourcing services to $300 billion in 2030 from around $100 billion, according to a government document released this month.
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