suez canal

Suez Canal achieves increase in revenues by 4.5 percent

Mon, 22 Feb 2021 - 12:20 GMT

Rabie further said that the canal has achieved the highest daily revenues on February 5 since Coronavirus outbreak, as it achieved $22.2 million.

Suez Canal hits 5th high shipment record

Fri, 12 Feb 2021 - 06:50 GMT

The south-bound convoy included 37 ships with a total cargo of 2.8 million tons, while the north-bound convoy included 35 ships carrying 2.5 million tons, he added.

Suez Canal Zone: Investments worth $1 billion to be seen in Ain Sokhna Industrial Zone in 2020

Fri, 29 Jan 2021 - 12:15 GMT

The investment cost of new projects contracted by industrial developers to be carried out in the Ain Sokhna Industrial Zone in 2020 hit dlrs 1.077 billion, the Suez Canal Economic Zone (SCZone) announced.

Cabinet denies halting navigation in Suez Canal due to ship collision

Fri, 29 Jan 2021 - 12:02 GMT

The cabinet said in a report Friday that it has contacted the Suez Canal Authority, which totally dismissed such reports and stressed that navigation movement in the international waterway is regular and no collision whatsoever has occurred.

SCZone head says authority's plan is to attract investors from all over the world

Sun, 10 Jan 2021 - 03:45 GMT

In a press release, he added that the authority’s plan also aims at providing more incentives to investors in order to attract them from all over the world.

Suez Canal Authority records revenues worth $5.61B in 2020

Sun, 03 Jan 2021 - 03:14 GMT

That is the third highest in the international waterway's history dating back to 1869.

Oil tankers from northwest Europe bound for Southeast Asia, Far East offered 48% discount on crossing Suez Canal

Mon, 21 Dec 2020 - 10:40 GMT

A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal Authority Monday.

Poland seeks to establish industrial zone in Suez Canal corridor

Sun, 20 Dec 2020 - 03:57 GMT

The diplomat referred to the importance Egypt attaches to exchanging high-level visits between officials of the two sides within the coming period to give an impetus to bilateral cooperation, according to a statement by the Foreign Ministry.

Egypt’s Ismailia receives LE7.2B worth of public investments in FY 2020/21

Sun, 13 Dec 2020 - 12:49 GMT

That represents 2.8% of the public investment for the year.

151 years ago today, Egypt’s Suez Canal was launched

Tue, 17 Nov 2020 - 03:05 GMT

On November 17, 1869, the Suez Canal was opened to global navigation, a day after the legendary opening was attended by a number of the most important personalities in the world, led by Empress Eugenie, Empress of France.

In pics: U.S. Navy Under Secretary Gregory Slavonic Reaffirms U.S.-Egypt Military Partnership

Thu, 12 Nov 2020 - 02:42 GMT

Under Secretary Slavonic met key Egyptian defense officials, including the Commander of the Navy, to discuss U.S. support for Egypt’s efforts to monitor and secure its extensive coastline and combat smuggling, trafficking, and piracy.

GAFI CEO follows up progress in renovation works at Port Said Free Zone

Fri, 06 Nov 2020 - 03:44 GMT

They also tackled investment opportunities and challenges facing investors, as well as national projects implemented in the governorate.

Egypt launches Middle East's largest dredger at ceremony in Netherlands

Fri, 23 Oct 2020 - 01:28 GMT

The launching ceremony, held at Krimpen shipyard of the Dutch shipbuilder Royal IHC, was attended by the company’s CEO Gerben Eggink and Egyptian Ambassador to the Netherlands Hatem Abdel Gawad.

World’s 2nd largest container ship passes through New Suez Canal: SCA

Thu, 15 Oct 2020 - 01:22 GMT

The HMM ST PETERSBURG was built earlier this year and is sailing under the flag of Panama.

Suez Canal, Arab Contractors probe joint cooperation

Wed, 14 Oct 2020 - 01:32 GMT

He hailed the projects carried out by the Arab Contractors Company in the Middle East and Africa as well as joint projects topped by Port Said tunnels and the Suez Canal international museum.

New Ismailia promised bright future due to location at New Suez Canal, New Port Said, New Suez will follow

Sun, 11 Oct 2020 - 01:52 GMT

New Ismailia's location near the Suez Canal axis gives it a bright future, and the state plans to also establish New Port Said and New Suez, head of Suez Canal Authority Osama Rabie has said.

Israeli soldiers in Egyptian captivity during the October 1973 war still suffer from the bitterness of defeat

Tue, 06 Oct 2020 - 03:50 GMT

The valiant army of Egypt was not only content with the victory, crossing the Suez Canal, and storming the impregnable Bar Lev Line, but they also captured dozens of Zionist soldiers.

Egypt has spent LE180B on Sinai development in 6 yrs, peninsula awaits bright future

Mon, 05 Oct 2020 - 10:58 GMT

The state has spent around L.E.180 billion on the development of Sinai over six years, head of the Central Agency for Reconstruction told the Egyptian T.V. Monday.

550 swimmers to make largest peace sign in Suez Canal on Int’l Peace Day

Mon, 21 Sep 2020 - 02:28 GMT

The swimmers are accompanied by Captain Walaa Hafez, the Guinness World Record champion, to mark the International Day of Peace.

SCZone and DP World discuss joint cooperation

Wed, 02 Sep 2020 - 11:46 GMT

The two sides reviewed the recent developments of cooperation and projects for upgrading the economic zone, said Zaki in a statement issued by SCZone.