Feb 3, 2025 · Admiral Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority, has announced the issuance of new navigational charts of the Canal after adding the updates of the southern sector development project, and their approval by the Egyptian Navy's Hydrographic Department (ENHD) and the British Admiralty, which is responsible for issuing electronic charts and navigational data of ...

Aug 6, 2014 · The Suez Canal—the first artificial waterway connecting the Mediterranean Sea and the Red Sea—initially opened in November 1869 after 10 years of construction. The “New Suez Canal” opened in 2015 after just one year of construction.

1 day ago · Suez Canal losses Although the Suez Canal is one of Egypt's major sources of hard currency, the Red Sea conflict caused it to lose 61-62 percent of its revenues , around $7 billion, in the fiscal ...

Jan 21, 2025 · The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.

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...

The New Suez Canal (Egyptian Arabic: قناة السويس الجديدة Kanāt El Sewēs El Gedīda) is an artificial waterway project in Egypt which created a second shipping lane along part of the Suez Canal, and deepened and widened other stretches.

Egypt has another rendezvous with destiny with the inauguration of a second waterway for the Suez Canal. It is an exceptional day in Egypt›s modern history when Egypt inaugurates its first mega-project; the New Suez Canal. The new canal has been described as potentially altering the global way of life and the map of the world.

Dec 28, 2024 · 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 Houthi terrorists began...

Dec 29, 2024 · 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 began attacking vessels in the Red Sea.

The Suez Canal achieved new records of revenues, number of transiting vessels and tonnages after the inauguration of the New Suez Canal to refute rumors and claims against it. The financial year 2018/2019 recorded the highest annual revenue to date at $5.9 billion at an increase of 5.4%, equivalent to $300 million compared to the previous ...