A tanker that broke down in Suez Canal on Wednesday has not disrupted traffic in the international maritime route and was pulled to the side of the canal, Suez Canal Authority (SCA) Chairman Osama Rabie said.
Logos Hope, the world’s largest floating library has crossed Suez Canal, coming from Port Said.
Egypt’s President Abdel Fattah al Sisi denied on Monday all rumors that claimed that the harsh economic conditions the country is facing is a result of miscalculation or wasting the state’s money in an uneeded projects.
Egyptian President Abdel Fattah El-Sisi ordered localizing complementary industries for the production of new and renewable energy, including green fuel, in a meeting with officials on Monday.
Achieving integration between Egyptian ports by developing an integrated plan that includes an investment map for Egyptian ports.
The canal and its management will remain wholly owned by the Egyptian state and subject to its sovereignty, and the entire staff of the Canal Authority, including employees, technicians and administrators, will remain Egyptian citizens.
Speaker of House of Representatives, Hanafy El-Gebaly, commented on the issue during Tuesday’s session, where he shut down speculations regarding selling the Suez Canal, emphasizing that Egypt is forever bound to protect, develop and sustain the canal as an international waterway.
The revenues of the Suez Canal in September recorded a remarkable increase compared to September of last year, according to data from the Central Agency for Public Mobilization and Statistics.
Head of the Suez Canal Economic Zone (SCzone) Walid Gamal El Din received Tuesday a Vietnamese parliamentary delegation in Cairo.
These development efforts aim to increase the production of Lake Bardawil of high-quality fish from 4000 tons to 11,000 tons annually on the short term, and up to 50,000 tons on the medium term.
It spans over 3,312 square kilometers, and has almost 100,000 dwellers.
Lieutenant-General Osama Rabie, Chairman of the Suez Canal Authority (SCA), said on Wednesday that revenues of the Suez Canal are expected to reach $7.8 billion by the end of the year.
Six thousand guests attended the opening ceremony of the Suez Canal, which was held on November 16, 1869, in Port Said.
The navigation movement in the Suez Canal recorded Monday new and unprecedented records in terms of daily transit statistics, achieving the highest daily transit rate, with 94 ships crossed from both directions without waiting, with a total net tonnage of 5 million tons, said Lieutenant-General Osama Rabie, head of the Suez Canal Authority.
The panel discussion will take place at the Green Zone on November 11.
A report was recently issued by MAAT highlighting the significant increase in exports, upping the country's income during the year 2021.
Investments of Suez Canal Authority are estimated at nearly 13.1 billion Egyptian pounds in the plan of action of year 2022/2023, said Egyptian Minister of Planning and Economic Development Hala Saeed.
The SCA Chief also stated that the increase is inevitable and a necessity in light of the current global inflation rates that reached more than 8% which translates into increased operational costs and the costs of the navigational services provided in the Canal.
The economic and social development plan for the fiscal year 2022/2023 revealed the continuation of development efforts for the economic zone of the Suez Canal, to maximize the economic returns from it.
The units include dredgers, tugging boats, and ferries that come to raise the level of maritime services for transiting ships in the navigational waterway, according to a report issued by the SCA on Thursday.