Egypt News » Suez 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 Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
Add Yahoo as a preferred source to see more of our stories on Google. (Bloomberg) -- Egypt is “cautiously optimistic” a ceasefire between Israel and Hamas will eventually translate into a recovery in ...
News Egypt » Suez » Life: Egypt: Houthi attacks cut Suez Canal revenue by half
The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis. Since November, the Iran-backed Houthis have launched numerous attacks on vessels in ...
News Egypt » Suez » Life: Egypt’s megaproject that will rival its own Suez Canal
Egypt is building a roughly 600-kilometer long high-speed rail line linking the Red Sea to the Mediterranean called the Green Line, under a $4.5 billion contract with a consortium including German ...
News Egypt » Suez » Life: Oil Tanker Breakdown in Suez Canal, Causing Massive Traffic Jam in the Global Waterway
A tanker transporting curd oil broke down in a single-lane part of Egypt's Suez Canal on Sunday, disrupting traffic in the global waterway, Egyptian authorities said. The Malta-flagged Seavigour ...
News Egypt » Suez » Life: Suez Canal Crisis: Lessons Learned And How Tech Can Help
The Suez and Panama Canals are among the most important sea trade routes in the world. In 2022 alone, almost 23,900 ships transported around 1.4 billion tons of freight through the 193-kilometre-long ...
News Egypt » Suez » Life: 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 » Life: Minister Says Egypt Cautiously Optimistic Suez Canal Traffic Will Revive
A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades. Image by EyeEm Mobile GmbH via iStock Egypt is “cautiously ...