Egypt is “cautiously optimistic” a ceasefire between Israel and Hamas will eventually translate into a recovery in Suez Canal revenue, which fell at least 60% due to the war, the country’s ...

The new 10 km (6.2 mile) extension to Egypt's Suez Canal is now operational, the Canal Authority's Chairman Osama Rabie said in a statement on Tuesday. Rabie has said that the extension project will ...

El-Sisi's remarks came during the inauguration of the seventh edition of Egypt Energy Show (EGYPES 2024), held at Al-Manara International ... 2022/2023 fiscal year, Suez Canal revenues hit a ...

Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on shipping and increase the key waterway's capacity. Two ships used the ...

The collision occurred in a busy part of the Mediterranean Sea, near Egypt’s Port Said. Marine traffic data shows that the Besiktas-M had recently exited the Suez Canal and was en route to ...

This stood at about $7 bln, in the outgoing year CAIRO, December 27. /TASS/. Egypt lost more than 60% of Suez Canal revenues, which stood at about $7 bln, in the outgoing year, Chairman and ...

Egyptian President Abdel-Fattah al-Sisi said Thursday that the Suez Canal revenues fell more than 60 percent year-on-year in 2024 amid regional challenges, according to a statement by the Egyptian ...

Rabie explained that the resumed activity follows the restoration of stability in the Red Sea and Bab al-Mandab regions ... In 2024, Egypt's Suez Canal revenues plummeted to $4 billion, a 60.7 ...

Egypt - Suez Canal Authority (SCA) Chairperson Osama Rabie recently met ... This facility was inaugurated by Egyptian President Abdel Fattah Al-Sisi in May 2024.

A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades. Image by EyeEm Mobile GmbH via iStock Egypt is ...

Truman transits the Suez Canal, on Dec. 15, 2024. — United States Navy WASHINGTON — A US Navy aircraft carrier recently stationed in the Middle East was involved in a collision with a commercial ...