Suez Canal Authority

President Sisi meets Chairman of Suez Canal Authority

Mon, 12 May 2025 - 12:39 GMT

President Abdel Fattah El-Sisi met with Chairman of the Suez Canal Authority Admiral Ossama Rabiee, and CEO of the South Red Sea Shipyard Company, Mostafa El-Degeishy.

Suez Canal Authority Chief: US/Yemen ceasefire announcement key factor in reducing maritime safety concerns

Fri, 09 May 2025 - 02:05 GMT

Rabie stated: “We call on all shipping lines to seriously consider evaluating their sailing schedules and the possibility of gradually resuming the transit of some of their vessels through the region.”

Suez Canal Authority Chairman meets Argentine ambassador in Cairo

Mon, 05 May 2025 - 12:24 GMT

Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, received on Monday, The Argentine Ambassador to Cairo Holger Martinsen.

SCA’s Port Said Company for Engineering and Marine Construction Completes Repair Work on Floating Hotel 'Eugenie' in Aswan

Fri, 28 Mar 2025 - 03:41 GMT

The floating hotel measures 72 meters in length, 13 meters in width, and weighs 1,600 tons.

47 vessels shift to Suez Canal in February 2025

Sun, 23 Feb 2025 - 01:50 GMT

The announcement was made during Rabie’s address at the opening of the 14th Annual International Maritime and Logistics Conference (MARLOG).

Suez Canal Authority Head asserts no alternative route to replace the Suez Canal

Wed, 19 Feb 2025 - 04:03 GMT

Rabie met with Gérard Mestrallet, French President Emmanuel Macron’s special envoy for the IMEEEC, earlier today to discuss potential areas of collaboration.

SCA Head meets with Panama Ambassador to discuss cooperation, facilitate trade

Wed, 12 Feb 2025 - 03:17 GMT

Rabie highlighted the significance of collaboration amid global geopolitical and environmental challenges affecting maritime transport. He reaffirmed the SCA’s dedication to working with international partners to boost operational efficiency and facilitate trade.

SCA Head reassures major shipping companies, promotes return to Suez Canal trade route

Sun, 02 Feb 2025 - 12:22 GMT

In a meeting with representatives from 23 prominent maritime companies, Rabie shared his optimism about the region’s recovery

Egypt’s Suez Canal Authority Chief discusses joint cooperation with Maersk Group

Fri, 31 Jan 2025 - 11:40 GMT

The meeting focused on the latest developments in the Red Sea and Bab el-Mandeb region, assessing their impact on the group's future shipping plans.

Suez Canal prepared to operate at full capacity as global trade stabilizes and regional tensions cool

Wed, 22 Jan 2025 - 12:11 GMT

Despite challenges, Rabie reiterated the SCA's commitment to delivering seamless maritime services, continually evolving to meet industry demands

Sisi follows up on Suez Canal measures to address impact of Red Sea incidents

Thu, 26 Dec 2024 - 02:30 GMT

Sisi checked on the canal's revenues for 2024, which have seen a decline of over 60% compared to 2023, translating to an estimated loss of nearly $7 billion for the nation, due to the ongoing events in the Red Sea and Bab Al-Mandab.

Photos: Enormous DOURADO barge makes historic crossing through Suez Canal after expansion

Fri, 08 Nov 2024 - 12:26 GMT

The crossing of the barge took nearly 24 hours and required complex navigational arrangements, the SCA chief says

SCA chairperson: Suez Canal revenues fell to $7.2B in FY23/24 as Red Sea attacks continue

Mon, 14 Oct 2024 - 12:39 GMT

Since November 2023, over 6,600 vessels have diverted their routes to the Cape of Good Hope, explained the SCA head.

Suez Canal Authority Chief denies claims of selling SCA historical building

Fri, 04 Oct 2024 - 12:36 GMT

A document circulating on social media alleges that the head of the Suez Canal Authority (SCA) and the Port Said governor signed a contract to sell the headquarters to a hotel company, with plans to convert the building into a hotel.

Egypt promotes maritime collaboration with Saudi Arabia: SCA

Thu, 12 Sep 2024 - 12:38 GMT

Rabie confirmed that Egypt is implementing an integrated strategy to encourage yacht tourism in the Suez Canal.

Suez Canal Authority ups stake in Suez Canal Bank

Sun, 25 Aug 2024 - 11:30 GMT

The Suez Canal Authority Pension Fund, as noted on the bank’s website, already holds a 10.10 percent stake in the bank

Suez Canal revenues maintain downward trend, falling to $7.2B in FY23/24 amid Red Sea attacks

Thu, 18 Jul 2024 - 10:32 GMT

The SCA head also highlighted the impact of Red Sea tensions on the maritime transport market, trade movement, and global supply chains

Egypt's PMI slips to 11-month low as Suez Canal disruptions impact economy

Tue, 05 Mar 2024 - 11:53 GMT

The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy

Egypt’s Suez Canal Authority chief, Italian shipping line ‘MESSINA’ discuss of cooperation in logistical services

Thu, 22 Feb 2024 - 12:17 GMT

Rabie expressed appreciation for the longstanding relationship with the Italian "MESSINA," which has recently seen an increase in the number of vessels transiting through the Suez Canal despite the current challenges in the Red Sea region.

Impact on Suez Canal’s revenues due to Red Sea attacks' to be absorbed: Finance minister

Sun, 11 Feb 2024 - 04:39 GMT

In February, Osama Rabie, the Chairman of Suez Canal Authority, revealed that revenues for January 2024 had decreased by 46 percent, amounting to $428 million compared to $804 million in January 2023

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