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Business
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Energy
3/19/2025 3:30:22 PM
Global renewable energy giant Siemens Gamesa secured a deal on Wednesday to build a 500-megawatt wind farm in Egypt’s Gulf of Suez, the company’s latest renewable project in the country.
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Egypt
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Politics
3/17/2025 11:01:43 PM
President Abdel-Fattah El-Sisi announced Monday that Egypt is losing monthly approximately $800 million in Suez Canal revenues due to ongoing regional tensions.
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Business
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Economy
3/16/2025 5:44:57 PM
Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), and Chen Xiaodong, President of the Chinese Jiangsu Guotai company, signed a usufruct contract to establish a ready-made garment factory for the latter.
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Egypt
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Urban & Transport
3/10/2025 2:35:45 PM
The Suez Canal Authority (SCA) has successfully towed a Greek-flagged tanker carrying over 150,000 tons of crude oil after a Houthi attack in the Red Sea damaged it, SCA said in a statement on Monday.
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Sports
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National Teams
3/9/2025 11:54:00 PM
Egypt's hopes of qualifying for the 2025 African Nations Championship (CHAN) ended abruptly on Sunday after a disappointing 3-1 home defeat to South Africa at the Suez Canal Stadium.
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Business
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Markets & Companies
3/6/2025 12:00:00 AM
Egyptian conglomerate Organi Group acquired 50 percent of Rolling Plus Chemical Industries in partnership with Concrete Plus, to revive €1 billion tyre manufacturing facility — the first of its kind in the Middle East — in the Suez Canal Economic Zone (SCZone).
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Business
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Economy
2/26/2025 3:23:20 PM
The Suez Canal Economic Zone (SCZone) announced that it had signed two significant deals worth $125 million in investments with Indian company FerroGenesis for Silico Manganese and Turkish textile giant Eroglu Knitting on Tuesday.
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Egypt
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Urban & Transport
2/24/2025 11:02:00 AM
Suez Canal Authority (SCA) Chairman Osama Rabie stated that 47 ships have resumed using the Suez Canal since early February instead of taking the longer Cape of Good Hope route.
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Egypt
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Urban & Transport
2/19/2025 4:26:45 PM
Suez Canal Authority (SCA) Chairman Osama Rabie stated on Wednesday that shipping companies could not secure a sustainable alternative route to the Suez Canal during the disruptions in the Red Sea maritime navigation amid Houthi attacks on Israeli-linked ships.
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Egypt
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Urban & Transport
2/10/2025 6:31:13 PM
Suez Canal Authority (SCA) Chairman Osama Rabie said the EGP 9 billion development project in the southern sector of the Suez Canal has been completed.
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Egypt
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Urban & Transport
2/3/2025 7:37:07 PM
The Liberian-flagged oil tanker ‘CHRYSALIS’ transited the Suez Canal for the first time since it was attacked in the Red Sea in July last year, the Suez Canal Authority (SCA) announced on Monday.
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Egypt
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Urban & Transport
2/2/2025 3:11:35 PM
A 45-metre-long, 48-metre-wide Liberian-flagged drilling rig weighing 3,543 tons has transited the Suez Canal in 22 hours, travelling from the Mediterranean Sea to the Red Sea, according to a statement by the Suez Canal Authority (SCA).
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Egypt
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Society
1/31/2025 7:37:39 PM
Firefighting and civil defence forces controlled a massive fire that broke out late Thursday in the shipbuilding and repair area in Suez, with no casualties or injuries reported.
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Business
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Economy
1/30/2025 5:57:01 PM
The net revenues of the General Authority of the Suez Canal Economic Zone (SCZone) have surged to approximately EGP 5.7 billion during the first half of fiscal year (FY) 2024/2025, a 32 percent increase from the EGP 4.3 billion recorded during the same period in FY2023/2024, according to a cabinet release on Thursday.
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Business
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Energy
1/29/2025 2:43:02 PM
The Ministry of Petroleum and Mineral Resources announced Wednesday that pre-drilling estimates for the East Crystal-1 well in the Gulf of Suez indicate reserves of approximately 8 million barrels of crude oil.
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Al-Ahram Weekly
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Economy
1/28/2025 9:27:45 PM
Will the Gaza ceasefire agreement accelerate the resumption of navigation in the Suez Canal
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Al-Ahram Weekly
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Economy
1/23/2025 9:14:00 AM
Experts are hoping the ceasefire in Gaza will bring relief to the Egyptian economy
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Egypt
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Foreign Affairs
1/21/2025 8:43:51 PM
President Abdel-Fattah El-Sisi discussed with his Russian counterpart Vladimir Putin on Tuesday the latest developments in Egyptian-Russian economic relations, especially establishing a Russian industrial zone in the Suez Canal Economic Zone and constructing the El-Dabaa Nuclear Power Plant.
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Business
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Economy
1/21/2025 5:41:53 PM
The Suez Canal is fully prepared to operate at maximum capacity, welcoming maritime services from major shipping lines, as global trade gradually returns to its normal flow through the canal, according to a statement issued by the Suez Canal Authority (SCA) on Tuesday.
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Egypt
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Foreign Affairs
1/21/2025 2:06:44 PM
President Abdel-Fattah El-Sisi expressed Egypt’s aspiration to calm the situation in the Bab El-Mandeb Strait following the success of the Gaza ceasefire agreement, which took effect Sunday morning.
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