Egypt completes trial run of new Suez Canal channel extension
7 hours ago · Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen's Houthi militants ...
Egypt completes trial run of new Suez Canal channel extension
12 hours ago · According to the Suez Canal Authority, the latest expansion extends the total length of the canal’s two-way section to 82 km from a previous 72 km. The canal is 193 km long in total.
Suez Canal revenues plunge by 60 percent as Egypt faces …
1 day ago · Egypt’s Suez Canal has seen its revenues nosedive by more than 60 percent in 2024 compared to the previous year, amounting to a staggering $7 billion loss, according to a statement released on ...
SCA Chief announces success of trial operation of the Suez Canal…
12 hours ago · In May 2023, former Minister of Finance, Mohamed Maait, has revealed projections for Suez Canal revenues, to decline by around 60 percent due to tensions in the nearby Red Sea. Last year, the SCA Chief Rabie announced that the annual revenues of Egypt’s Suez Canal Authority (SCA) are at an all-time high, amounting to $9.4 billion during the ...
Regional challenges cost Egypt around $7 bln of Suez Canal ... - Arab News
2 days ago · CAIRO: Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah El-Sisi said on Thursday. Egypt lost more ...
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
2 days ago · Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.
Regional challenges cost Egypt around $7 bln of Suez Canal …
2 days ago · CAIRO, Dec 26 (Reuters) - Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday.
Suez Canal | AP News
Feb 13, 2023 · Egypt and China have signed agreements deepening their cooperation during President Abdel-Fattah el-Sissi’s visit to Beijing. Cargo ship breaks down in Egypt’s Suez Canal and crashes into a bridge. Traffic is not disrupted. The Associated Press is an independent global news organization dedicated to factual reporting.
Suez Canal diversions pile pressure on Egypt's distressed economy
Jan 18, 2024 · A sharp downturn in revenue after sea attacks by Yemen's Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt's already deteriorating economy, adding...
Cargo ship goes aground, is refloated in Egypt’s Suez Canal - AP News
Jan 9, 2023 · CAIRO (AP) — A cargo ship carrying corn that went aground early on Monday in the Suez Canal was refloated and traffic through the crucial waterway was restored, Egyptian authorities said. According to Adm. Ossama Rabei, head of the Suez Canal Authority, the Marshall Islands-flagged MV Glory suffered a sudden technical failure while transiting ...
- Some results have been removed