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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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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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