Egypt News » Suez News Egypt » Suez: 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 ...
News Egypt » Suez: Egypt is said to cut Suez fees in bid to lure back shipping after ceasefire
Egypt is offering temporary discounts on Suez Canal transit fees for certain large vessels, in an effort to boost traffic through the strategic waterway following a fragile ceasefire agreement between ...
News Egypt » Suez: Egypt Suez Canal Monthly Revenue Losses at Around $800 Million, Sisi Says
CAIRO (Reuters) - Egypt's President Abdel Fattah al-Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional "situation", as Yemen's ...
News Egypt » Suez: Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
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 minister ...
News Egypt » Suez: Egypt: PetroGulf increases Gulf of Suez production to 26,600 barrels per day
The ministry attributed this growth to the implementation of an intensive work plan that combined new drilling activities with maintenance operations ...
News Egypt » Suez: The Suez Moment and the Strait of Hormuz… A Tempting but Misleading Comparison
However tempting it may be, the comparison “Suez moment,” which is seen as the historical juncture that confirmed the decline of the British Empire, and the United States’ battle to reopen the Strait ...
News Egypt » Suez: Europe set to copy Egypt’s Suez Canal tolls with £20bn new canal plan amid Strait of Hormuz tensions
Europe is moving closer to creating a Suez Canal-style maritime corridor as Turkey advances the £20 billion Istanbul Canal, a project designed to establish a toll-based shipping route linking the ...
News Egypt » Suez: Egypt's Suez Canal Chief Shares Possible Discounts on Transit Fees
Egypt's Suez Canal chief Osama Rabie said they are considering offering discounts ranging from 12% to 15% on transit fees. His statement came after revenue from the strategic canal continued to plunge ...
News Egypt » Suez: Iran War Raises Concerns Over Impact on Suez Canal Traffic
The Iran war has sparked growing concern in Egypt over its potential impact on navigation through the Suez Canal, one of the country’s most important sources of national income. Experts say the ...