CAIRO, Dec 28 (Reuters) - 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 ...

CAIRO - 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’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 ...

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. Two ships ...

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, 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.

The giant ship is causing a traffic jam in one of the world's busiest waterways A giant container ship the length of four football pitches has become wedged across Egypt's Suez Canal, blocking one ...

The mega-project, which would comprise a network of roads, railways, ports and cities, would shorten travel time between Asia and Europe - providing competition to Egypt’s Suez Canal ...

Egypt has successfully tested a newly constructed 10-kilometre extension of the Suez Canal. The initiative aims to reduce the effects of water and air currents on shipping while enhancing the key ...

Suez Canal revenue has plunged 60% this year, a loss of $7 billion for Egypt, amid attacks on shipping in the Red Sea and ongoing regional tensions. President Abdel Fattah al-Sisi in a statement ...

Tobias Kammann on his freighter, the Hanoi Express, docked in Hamburg, Germany. Ships’ access to the Suez Canal has been cut off for the last year by attackers in Yemen.Credit...Patrick Junker ...