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 planned port could be a response to a long-touted Israeli plan to decouple the international maritime movement from the ...

Maritime traffic through Egypt's Suez Canal has not been disrupted by recent violence in the canal cities of Port Said and Suez. Fears had been raised over the possible halt of canal traffic after ...

The Houthi attacks on ships in the Red Sea have ceased owing to the ceasefire in Gaza, prompting Egypt to encourage shipping companies to resume sailing through the waterway.

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 ...

Egypt, grappling with high inflation and shortages of foreign currency, agreed to the expanded IMF program in March. A sharp decline in Suez Canal revenue caused by regional tensions over the last ...

The head of Egypt’s Suez Canal Authority said Thursday that conditions are favorable for the resumption of navigation in the Red Sea. "The current situation in the Red Sea sees positive ...

Egyptian President Abdel Fattah Al Sisi said on Thursday that due to "regional challenges", the country had lost approximately $7 billion in Suez Canal revenue in 2024, marking more than a 60% ...

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 ...

Egypt - A banking alliance led by Banque Misr, alongside Suez Canal Bank and Al Baraka Bank–Egypt, has successfully secured long-term joint financing of $108m for MAFI for Agricultural Produce ...

Egypt is set to inaugurate a new $8.5 billion extension to the Suez Canal. The project is meant to bolster the credibility of Egyptian President Abdel Fattah Al Sisi and, many hope, boost the ...