|
Business
-
Economy
1/9/2025 7:06:37 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie stated on Thursday that Egypt is constructing 12 advanced technology high-seas fishing vessels, following a new directive from President Abdel-Fattah El-Sisi.
|
|
Egypt
-
Foreign Affairs
1/6/2025 6:12:07 PM
Egyptian Minister of Foreign Affairs Badr Abdelatty and Omani Deputy Prime Minister Fahd bin Mahmoud Al-Said discussed on Monday the rising tensions in the Red Sea and its impact on Egypt, focusing on the decline in Suez Canal revenues.
|
|
Life & Style
-
City Lights
1/6/2025 5:22:38 PM
The Russian embassy in Egypt, located in Port Said, held a ceremony on 4 January to lay wreaths on the graves of Russian sailors who perished on that day in 1917 when the battleship Peresvet struck a German mine near the Suez Canal.
|
|
Business
-
Economy
12/29/2024 5:13:19 PM
Egypt's Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 (a 60.7 percent loss) due to the ongoing tensions in the Red Sea, Chairman of the Suez Canal Authority (SCA) Osama Rabie stated in an interview with Sada El-Balad on Saturday.
|
|
Egypt
-
Urban & Transport
12/28/2024 7:48:24 PM
Suez Canal Authority (SCA) announced on Saturday the successful trial operation of the canal's new dual passageway in the Little Bitter Lakes area, part of the project to develop the canal's southern sector.
|
|
Egypt
-
Urban & Transport
12/26/2024 4:58:39 PM
Egypt's revenues from the Suez Canal fell by more than 60 percent in 2024 compared to the previous year amid the Red Sea tensions, resulting in a loss of nearly $7 billion, a presidential statement said on Thursday.
|
|
Business
-
Energy
12/24/2024 3:39:23 PM
Egypt has secured $275 million in joint financing from three international financial institutions to support the development of a 1.1-gigawatt wind power plant in the Gulf of Suez, the Ministry of Planning, Economic Development, and International Cooperation announced on Monday.
|
|
Business
-
Economy
12/18/2024 12:58:58 PM
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7 percent, according to Egypt’s Country Risk Report released on Wednesday.
|
|
Business
-
Economy
12/15/2024 7:02:41 PM
Chairman of the Suez Canal Economic Zone (SCZone), Waleed Gamal El-Din, signed two new contracts for food industries and textile projects in the West Qantara Industrial Area, valued at a total of $38 million, a statement released by SCZone said on Sunday.
|
|
Business
-
Economy
12/12/2024 10:44:24 PM
The OPEC Fund for International Development, a multilateral development finance institution established in 1976, has granted Egypt a $40 million loan to construct two wind farms with a combined capacity of 1.1 GW in the Gulf of Suez, according to a release published on OPEC's official website on Tuesday.
|
|
Business
-
Economy
12/8/2024 5:22:36 PM
Chairman of Egypt's Suez Canal Economic Zone (SCZone) Walid Gamal El-Din announced that China's total investment in the Suez Canal Economic Zone (SCEZ) has surpassed $3 billion, according to a statement released by the Egyptian cabinet on Sunday.
|
|
Business
-
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.
|
|
Sports
-
Egyptian Football
11/27/2024 8:08:01 PM
Masry midfielder Mahmoud scored twice helping his side claim a 2-0 win over Enyimba of Nigeria at Suez stadium in the Confederation Cup group stage opener on Wednesday.
|
|
Egypt
-
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.
|
|
Business
-
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.
|
|
Business
-
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.
|
|
Egypt
-
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.
|
|
Business
-
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).
|
|
Business
-
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.
|
|
Egypt
-
Defence
11/5/2024 2:59:37 PM
The Egyptian Armed Forces announced on Tuesday the crash of a helicopter during an air force training exercise in the Shallufa area in the Suez Governorate, leading to the death of two officers.
|