Business
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Energy
3/26/2024 8:25:05 PM
Egypt's Minister of Petroleum Tarek El-Molla witnessed on Tuesday the signing of two agreements for oil exploration and production in the Gulf of Suez.
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Business
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Economy
3/26/2024 6:57:56 PM
Hossam Heiba, executive director of the General Authority for Investment and Free Zones (GAFI), granted on Tuesday golden licenses to six companies implementing projects worth EGP 5.6 billion (just over $117 million), bringing the total number of projects receiving golden licenses to 29.
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Egypt
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Foreign Affairs
3/25/2024 4:04:16 PM
Prime Minister Mostafa Madbouly said the annual revenue of Egypt’s Suez Canal declined by more than 50 percent due to the Red Sea conflict, noting that Egypt has borne the brunt of these events.
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Egypt
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Foreign Affairs
3/23/2024 5:38:19 PM
Singapore's Foreign Minister Vivian Balakrishnan stressed on Saturday that ensuring safe and sustainable navigation in the Suez Canal is a supreme interest for his country, as it the ideal means of trading with Europe.
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Business
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Economy
3/20/2024 7:08:16 PM
French construction materials group Saint-Gobain laid on Wednesday the foundation for its third glass factory within Egypt’s Al-Ain Al-Sokhna Industrial Zone, northwest of the Gulf of Suez. The company plans to invest approximately €175 million in the project.
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Egypt
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Defence
3/19/2024 10:47:40 PM
President Abdel-Fattah El-Sisi celebrated the anniversary of the 10th of Ramadan victory, when Egyptian Armed Forces crossed the Suez Canal on 6 October 1973, by calling it an epic tale of heroism, sacrifice, and redemption, according to the Egyptian presidency.
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Egypt
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Urban & Transport
3/12/2024 7:26:30 PM
The Suez Canal Authority (SCA) issued updated regulations and revised costs for mooring services during vessel crossings of the crucial waterway, according to a circular statement issued on Tuesday.
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Egypt
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Urban & Transport
3/5/2024 10:01:00 PM
Chairman of Suez Canal Authority (SCA) Osama Rabie revealed the details of the proposed project that would extend and complete the second channel of the international waterway, responding to citizens' concerns over the funding source and necessity of the project.
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Egypt
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Urban & Transport
3/4/2024 7:59:14 PM
A project for the expansion of the Suez Canal, which would extend and complete the second channel of the waterway, is being studied, said Suez Canal Authority Chairman Osama Rabie, who also asserted that the project will be fully funded by the authority.
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Egypt
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Urban & Transport
3/4/2024 10:36:41 AM
Osama Rabie, chairman of the Suez Canal Authority (SCA), revealed on Sunday details of the Suez Canal doubling project as two international companies are currently preparing the project’s feasibility studies.
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World
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Region
3/3/2024 1:47:43 PM
Iran unsuccessfully pressed Sudan to let it build a permanent naval base on the African country’s Red Sea coast, something that would have allowed Tehran to monitor maritime traffic to and from the Suez Canal and Israel, a senior Sudanese intelligence official told the WSJ.
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Egypt
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Urban & Transport
2/19/2024 6:31:27 PM
President Abdel-Fattah El-Sisi said on Monday that the revenue from the Suez Canal has dropped 40-50 percent this year, alluding to the effect of Houthi attacks on shipping in the Red Sea.
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Egypt
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Urban & Transport
2/14/2024 8:05:45 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie affirmed ongoing coordination with clients to minimize the impact of the Red Sea tensions during a meeting on Wednesday with Soren Toft, the CEO of MSC Group, one the world’s largest container shipping company.
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Egypt
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Urban & Transport
1/31/2024 9:49:32 PM
The Chairman of the Suez Canal Authority (SCA), Osama Rabie, discussed with the US Ambassador to Cairo, Herro Mustafa Garg, the latest developments in the Southern Sector Development Project of the Suez Canal, which will increase navigation safety in the canal by 28 percent.
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Al-Ahram Weekly
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Opinion
1/30/2024 9:34:52 PM
Gamal Wagdy advises against securitising dollar revenues from Egypt’s main hard-currency earners like the Suez Canal
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Egypt
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Urban & Transport
1/25/2024 5:18:48 PM
Suez Canal navigation is running regularly and has never halted, not even for a single day, since the onset of the Red Sea and Bab Al-Mandeb Strait’s crisis, Egypt's Suez Canal Authority (SCA) Chief Osama Rabie stressed on Thursday.
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War on Gaza
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War on Gaza
1/24/2024 2:34:56 PM
China, the world’s biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal.
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Al-Ahram Weekly
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Egypt
1/23/2024 10:41:47 PM
The European Union reiterated its support for Egypt at a meeting of the EU-Egypt Association Council marking 20 years of the EU-Egypt Association Agreement in Brussels this week
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Business
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Economy
1/23/2024 8:08:04 PM
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total, according to a Cabinet statement on Tuesday.
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Business
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Economy
1/22/2024 7:16:01 PM
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist Ziad Daoud.
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