Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its ...

The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and ...

An incredible new extension to the Suez Canal has passed its first test in a bid to turn around the Egyptian waterway's fortunes. Cairo announced it had succeeded in testing the 6.2 mile (10km ...

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 ...

Suez Canal Bank (CANA) decided to increase its issued capital from EGP 5 billion to EGP 6.5 billion, according to a bourse disclosure on December 30th 2024. The lender is set to raise its capital by ...

CAIRO: 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. During a ...

Egypt said on Saturday it had successfully tested a new 10km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi militants ...

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 ...