A test of a new 10 kilometer channel that extends the stretch of the Suez Canal allowing two-way ship traffic has been deemed successful, as Egypt looks to expand the canal three years after the Ever ...

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.

Known for its strategic Southeast Asian location, Thailand has plans ... venture would stand up against the famous Suez and ...

Turkey's ambitious £20 billion Istanbul Canal project aims to reshape global shipping and solidify its position as a key player in maritime trade. Dubbed the “mini Suez,” the artificial ...

He emphasized the zone's strategic location along the Suez Canal, a key route for global trade. The canal facilitates 12% of global trade, handles 10% of all seaborne goods, and accommodates ...

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 Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 (a 60.7 percent loss) due to the ongoing tensions in the Red Sea, Chairman of the Suez Canal Authority (SCA ...

During the meeting, Gamal El-Din provided an overview of the Suez Canal Economic Zone, highlighting its 455 square kilometre area and its role in generating 100,000 direct and indirect jobs. He ...