Egypt News » Suez News Egypt » Suez » Trade: Egypt moves to turn Suez Canal into Africa’s next logistics powerhouse
Egypt is weighing plans for a major logistics distribution hub along the Suez Canal, a move that could strengthen its grip on one of the world's busiest trade corridors and reshape how goods move ...
News Egypt » Suez » Trade: Egypt studies global logistics hub in SCZONE to strengthen trade, supply chain position
Egypt is pursuing an ambitious agenda to attract further investment into the SCZONE while advancing the localization of strategic industries and logistics activities: PM ...
News Egypt » Suez » Trade: Egypt’s Suez Canal Revenue Plummeted by Almost Half in January
Suez Canal traffic dropped precipitously in January, nearly halving Egypt’s revenue from waterway fees as Houthi rebels continue to attack transport vessels. Egypt took in just $428 million last month ...
News Egypt » Suez » Trade: Egypt proposes Japanese industrial zone as FM Abdelatty meets Japan PM
Egyptian Foreign Minister Badr Abdelatty proposed establishing a Japanese industrial zone in the Suez Canal Economic Zone (SCZone) during talks with Japanese Prime Minister Sanae Takaichi on Wednesday ...
News Egypt » Suez » Trade: Israel needs a Suez alternative, the Ben-Gurion Canal offers one - opinion
The Ben-Gurion Canal would give the world a new trade route while boosting Israel’s economy and strategic power.
News Egypt » Suez » Trade: Egypt's Suez Canal fee hike won't have a 'massive' impact on trade flows
Egypt announced on Saturday that transit fees for all types of vessels passing through the Suez Canal will be increased in 2023. "The increase is inevitable and a necessity in light of the current ...
News Egypt » Suez » Trade: Abdelatty promotes Egypt as gateway to African markets in talks with South Korean firms
Foreign Minister Badr Abdelatty highlighted Egypt's strategic position as a gateway to African markets and presented investment opportunities in the Suez Canal Economic Zone (SCZone) during a meeting ...
News Egypt » Suez » Trade: 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 ...