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AD Ports Group, and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated investment destination for linking industry and global trade, today signed a 50-year renewable usufruct ...
President Trump is pushing for Egypt to compensate the U.S. for its efforts to defend shipping lanes headed to the Suez Canal ...
They explained that Egypt alone has sovereignty over the Suez Canal, which is an Egyptian-owned international waterway through which any vessel is permitted to pass, regardless of its flag or ...
The Associated Press - Business News on MSN18d
Egypt's revenue from the Suez Canal plunged sharply in 2024
CAIRO (AP) — Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have ...
In 1956, General Gamal Abdel Nasser of Egypt announced the nationalisation ... context of the wave decolonisation that redrew the global map in the postwar era. If it hadn’t been Nasser and Suez, it ...
The Suez Canal, located in Egypt and connecting the Mediterranean Sea to the Red Sea, is another key waterway. According to the think tank Atlantic Council, it sees 12% to 15% of worldwide trade ...