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Business
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Energy
12/18/2023 10:52:42 PM
Oil prices shot up three percent Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels.
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Egypt
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Urban & Transport
12/17/2023 6:33:08 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie stated on Sunday that 55 ships diverted from the Suez Canal route to the Cape of Good Hope route since 19 November, considering it a small percentage compared to the crossing of 2,128 ships during the same period.
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War on Gaza
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War on Gaza
12/16/2023 9:22:33 PM
Two more major shipping firms, Mediterranean Shipping Company (MSC) and CMA CGM, said on Saturday they were suspending passage through a Red Sea strait vital for global trade, after Yemeni rebel attacks in the area.
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Business
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Economy
12/16/2023 7:54:53 PM
British bank HSBC projected the Egyptian pound to experience devaluation, reaching EGP 40-45 against the US dollar, during the first quarter of 2024, according to a report by the bank on Friday.
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Business
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Economy
12/11/2023 4:48:56 PM
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023, Ibrahim Abdel-Khalek, Deputy Chairman of SCZONE, said on Monday.
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Business
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Economy
12/7/2023 5:08:45 PM
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, a joint-stock company, per the decree published in the Official Gazette on Thursday.
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Egypt
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Urban & Transport
12/6/2023 9:39:35 PM
The container ship that sustained malfunction while transiting the Suez Canal earlier on Wednesday has resumed its journey after being repaired, the Suez Canal Authority (SCA) said.
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Business
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Energy
12/5/2023 5:47:40 PM
The Egyptian Suez Canal Economic Zone (SCZone) has recently signed a strategic cooperation agreement with Egypt-based Injazat Company and Chinese CHINT Global, to establish an industrial complex for green energy within the SCZone, covering a substantial area of 2 million square metres, according to a statement on Tuesday.
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Business
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Energy
12/3/2023 5:34:30 PM
The Egyptian Suez Canal Economic Zone (SCZONE) and the Ministry of Electricity and Renewable Energy signed agreements with Norwegian energy company Scatec, and a group of international financial institutions including the African Development Bank (AfDB) and British International Investment (BII) to launch three green energy projects in Egypt.
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Egypt
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Urban & Transport
11/30/2023 1:13:07 PM
Egypt’s Suez Canal Authority (SCA) announced on Thursday that it achieved a significant increase of 20.3 percent with the canal’s revenue reaching $854.7 million in November 2023, compared to $710.3 million in November 2022, showing a difference of $144.4 million.
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Al-Ahram Weekly
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Egypt
11/28/2023 10:10:15 PM
Chair of the Authority for the Suez Canal Economic Zone Waleid Gamal Eldien explains how the authority is providing an enabling environment for conventional and new industries and positioning itself as a hub for renewable energy to Niveen Wahish
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Egypt
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Society
11/12/2023 12:21:11 PM
The weather across Egypt is mostly cloudy on Sunday, setting the stage for imminent rain showers with the possibility of thunder in several regions, including Greater Cairo, the Nile Delta, the North Coast, Suez Canal cities, and Sinai, the Egyptian Meteorological Authority (EMA) predicts.
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Business
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Economy
11/6/2023 2:09:41 PM
The Suez Canal Economic Zone (SCZONE) signed $15.6 billion in agreements with Chinese partners for 11 manufacturing and green hydrogen projects on 4.9 million square metres, SCZONE Chairman Walid Gamal El-Din said in a statement on Sunday.
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Business
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Economy
10/27/2023 8:12:02 PM
The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the Suez Canal Economic Zone (SZCONE), according to a statement on Thursday.
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Business
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Economy
10/25/2023 6:00:00 PM
Egypt's Suez Canal Authority (SCA) has signed a memorandum of cooperation (MOC) with Qatari dairy producer Baladna valued at $1.5 billion to initiate projects that guarantee food security for the Egyptian population.
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Business
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Economy
10/18/2023 2:51:47 PM
Hengtong, China’s giant fibre optic cable manufacturer, will expand its factory in the China-Egypt TEDA zone with $18 million in investments, to produce two million kilometres of optic cables annually, under an agreement signed on Wednesday with the Suez Canal Economic Zone (SCZONE).
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Al-Ahram Weekly
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World
10/17/2023 11:16:22 PM
Mohamed Mansour reflects on the anticipated ground offensive in Gaza
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Business
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Economy
10/17/2023 5:40:04 PM
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industrial projects with $2.75 billion in investments.
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Business
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Economy
10/17/2023 5:17:14 PM
Egypt's Suez Canal Economic Zone (SCZone) has signed energy agreements worth up to $14.75 billion, signalling a new era of green energy in the region, according to a statement by the Egyptian cabinet on Tuesday.
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Business
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Economy
10/17/2023 2:04:31 PM
Egypt's Suez Canal Authority (SCA) announced an increase in transit fees by 5-15 percent starting as of 15 January 2024, according to a statement by the authority on Monday.
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