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Suez Canal, Egypt
Egypt completes trial run of new Suez Canal channel extension
Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen's Houthi militants began attacking vessels in the Red Sea.
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, says Project44.
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
Egypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks by Yemen's Houthis on ships in the Red Sea, Egyptian President Abdel Fattah El-Sisi said on Thursday.
Regional challenges cost Egypt around $7 billion of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
1d
on MSN
Exclusive-Egypt's Mostakbal Misr secures 1.267 million tons of mostly Russian wheat, sources say
Egyptian grain state-buyer, Mostakbal Misr for Sustainable Development, has successfully secured its wheat requirements ...
2d
Egypt Seen Holding Record Rate Even as Inflation Slightly Eases
Egypt will probably hold interest rates at a record high, seeking to ensure inflation keeps slowing before embarking on its ...
4d
on MSN
Two arrested in Egypt after attempting to steal hundreds of ancient artifacts from the bottom of the sea
Egyptian authorities have arrested two men for attempting to steal hundreds of ancient artifacts from the bottom of the sea, ...
2d
on MSN
Egypt central bank keeps overnight interest rates steady
Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was ...
Greek Reporter
1d
Looters of Ancient Greek and Roman Artifacts Arrested in Egypt
Authorities in Egypt have arrested two men for attempting to steal hundreds of ancient Greek and Roman artifacts from the ...
1d
on MSN
No, Lauren Boebert Didn't Say Egypt Owns Panama Canal. Here's Where the Rumor Started
According to a false rumor, the Colorado Republican congresswoman made the statement while citing "political instability in ...
3d
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North ...
Global Finance
2d
Egypt Ends Bank IPO Dearth
During the bell-ringing ceremony, Central Bank of Egypt (CBE) Governor Hassan Abdalla emphasized the significance of the ...
fingerlakes1
2d
Essential Things You Should Know Before Visiting Egypt
Visiting the historical sites of Egypt: Egypt is well- known for having a good history since ancient times. Moreover, it also ...
23h
Arnold, New Egypt edge Steinert in Warrior Classic - Boys basketball recap
Nolan Arnold led all scorers with 28 points to spark New Egypt to a 48-46 win over Steinert in the first round of the Warrior ...
11h
The £18bn high speed rail line in Egypt that could link 60 cities when completed
The rail line is set to transform public transport in Egypt, creating the sixth largest high-speed network in the world.
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