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Business
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Economy
11/28/2024 6:29:16 PM
Walid Gamal El-Din, chairman of the Suez Canal Economic Zone (SCZone), participated in the groundbreaking ceremony for the CNG Egypt New Energy Glass project, a subsidiary of China Glass Holding, in the TEDA industrial zone in Ain Sokhna, Egyptian Cabinet announced on Thursday.
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Egypt
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Foreign Affairs
11/25/2024 4:42:37 PM
Minister of Foreign Affairs Badr Abdelatty revealed on Monday that Egypt has incurred losses amounting to $8 billion due to a significant drop in the Suez Canal revenues amid the ongoing Middle East conflicts, especially the Israeli aggression against Gaza and Lebanon.
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Business
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Economy
11/22/2024 1:45:49 PM
Suez Canal Economic Zone (SCZone) has laid the foundation for the Eroğlu Egypt for Ready-Made Garments project, valued at $51 million, in partnership with Turkish Eroğlu Global Holding, according to a statement published on Egyptian Cabinet on Wednesday.
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Business
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Economy
11/21/2024 10:34:13 PM
The Suez Canal Economic Zone (SCZone) has signed a land use agreement with Orascom Industrial Parks for the development and expansion of 3.3 km² in the Sokhna Industrial Zone, valued at EGP 12.87 billion, according to a release published by the Egyptian Cabinet on Thursday.
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Egypt
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Defence
11/12/2024 9:28:15 PM
Chief of Staff of the Egyptian Armed Forces Lieutenant General Ahmed Khalifa has conducted an inspection of military units stationed east of the Suez Canal, assessing their operational and administrative readiness to execute assigned missions.
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Business
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Economy
11/6/2024 4:40:31 PM
The Egyptian Siraj Lighting and Emirati VESRA MEA LLC-FZ companies have signed a $15 million project contract in the Suez Canal Economic Zone (SCZone).
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Business
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Economy
11/6/2024 12:41:56 PM
The Suez Canal Economic Zone (SCZone) will establish a dedicated pharmaceutical industry zone covering an area of four million square metres (m²) to attract medicine and medical device manufacturers, Chairman of the SCZone Walid Gamal El-Din announced on Monday.
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Egypt
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Urban & Transport
11/2/2024 2:34:10 PM
The Suez Canal Authority (SCA) affirmed its commitment to international agreements guaranteeing freedom of maritime navigation for all ships – whether commercial or military — transiting the canal, regardless of nationality.
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Business
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Economy
10/30/2024 11:13:37 PM
Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din witnessed the signing of a contract for Indian Pearl Group’s polyurethane production project, valued at EGP 100 million in the Sokhna industrial area, SCZone Authority announced on Wednesday.
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Egypt
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Foreign Affairs
10/21/2024 9:43:20 PM
Minister of Foreign Affairs Badr Abdelatty highlighted Monday the importance of Yemen’s security and stability for the Egyptian national security and the Red Sea region during a meeting with the United Nations (UN) Special Envoy for Yemen Hans Grundberg.
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Business
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Economy
10/14/2024 4:07:10 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie stated Sunday that over 6,600 ships have opted for South Africa’s Cape of Good Hope – bypassing the Suez Canal route – since 19 November 2023 due to the ongoing Red Sea tensions.
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Egypt
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Urban & Transport
10/12/2024 12:38:06 PM
Egypt’s Suez Canal Authority (SCA) announced a 20-50 percent reduction in transit and mooring fees for Yachts in the Red Sea, effective 1 November, as per a new circular.
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Business
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Economy
10/8/2024 6:28:35 PM
Walid Gamal El-Din, chairman of Egypt’s Suez Canal Economic Zone (SCZone), witnessed the signing of the first phase of the PYRAMIDS ALU project aimed at producing solar mounting systems at Ain Sokhna industrial zone with an investment worth of $1.8 million, according to a statement by the SCZone.
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Business
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Economy
10/7/2024 4:36:41 PM
The Ministry of Planning, Economic Development, and International Cooperation announced that investments directed towards Sinai and the Suez Canal cities (North Sinai, South Sinai, Suez, Ismailia, and Port Said) reached EGP 530.5 billion over the past 10 years (FY2014/2015 to FY2024/2025).
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Business
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Economy
10/2/2024 7:32:47 PM
The European Bank for Reconstruction and Development (EBRD) inked on Wednesday a partnership agreement with Transfora, a business process automation company and a subsidiary of the Kuwaiti firm Agility, to develop a comprehensive digital platform for the Suez Canal Economic Zone (SCZone).
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Egypt
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Tourism
10/2/2024 6:19:49 PM
The tourist pier at West Port Said Port received the giant Dutch cruise ship Nieuw Statendam on Wednesday as part of a day trip.
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Business
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Economy
9/30/2024 5:02:17 PM
INTRO Technology, the technology division of INTRO Investments Holding, has signed a strategic memorandum of understanding (MoU) with Oman Data Park to establish the Kemet Data Centre valued at $450 million in the Suez Canal Economic Zone (SCZone).
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Business
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Economy
9/22/2024 6:05:11 PM
Egypt laid the foundation for Chemtics Egypt Chemicals factory with an investment of $30 million in Ain Sokhna, according to the General Authority of the Suez Canal Economic Zone (SCZONE).
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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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