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

Egypt has tested a new 10 km section near the Suez Canal's southern end, aiming to increase the canal's capacity. Despite ...

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 ...

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 ...

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 ...

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 ...

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.

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 ...