Egypt News » Suez News Egypt » Suez » Life: Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
(Bloomberg) -- 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 ...
News Egypt » Suez » Life: Egypt's Suez Canal revenue fell sharply in 2024 on regional tensions
Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said on Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have impacted ...
News Egypt » Suez » Life: 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 » Life: Egypt’s Suez Canal chief optimistic about Red Sea as attacks die down
A ship transits the Suez Canal towards the Red Sea on Nov. 3, 2024, in Suez, Egypt. — Sayed Hassan/Getty Images The head of Egypt’s Suez Canal Authority said on Friday there are “positive indicators” ...
News Egypt » Suez » Life: Egypt’s Soft Power Foundation salon celebrates October War victories
Egypt’s Soft Power Foundation for Artistic Production hosted a cultural salon to commemorate the 1973 October War victory and highlight its enduring military and geopolitical significance.
News Egypt » Suez » Life: Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown
The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative ...
News Egypt » Suez » Life: Egypt's Next Economy Lies Beyond the Suez Canal
For centuries, Egypt's power has flowed from the Nile and its position between continents. In the twenty-first century, the question is whether geography can become industry—and strategic relevance ...
News Egypt » Suez » Life: 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 » Life: Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks
The Suez Canal’s revenue has fallen by up to 50% this year due to attacks by Yemen’s Houthi rebels, Egyptian President Abdel Fattah al-Sisi said on Monday, the latest indication that the turmoil in ...
News Egypt » Suez » Life: Sungrow breaks ground on 10 GWh battery storage factory in Egypt
Sungrow has begun construction of a $50 million BESS factory in Egypt’s Suez Canal Economic Zone, targeting 10 GWh of annual production and an April 2027 start. The facility will supply Egypt’s ...