Suez Canal’s August revenue rises 56.7% YoY to $567.1m – chief
Suez Canal’s revenue rose 56.7 per cent year-on-year to $567.1 million in August, as vessel traffic through the…
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Egypt’s Suez Canal
URGENT: Egypt’s economy grows 5.1% in FY2025/26, beating forecasts – minister
Egypt's economy grew 5.1 per cent in the 2025/26 fiscal year, accelerating from 4.4 per cent a year earlier and…
Egypt denies plans to sell Suez Canal, dismisses $500 mln loss claim
Egypt denied plans to sell, pledge, or transfer ownership of the Suez Canal in exchange for government debt,…
Sisi extends Suez Canal chief’s tenure by one year
Egyptian President Abdel Fattah El-Sisi has extended the tenure of Osama Rabie as chairman and managing director of…
Egypt’s central bank cuts real GDP growth forecasts on Iran-US conflict risks
Egypt’s central bank lowered its forecasts for economic growth over the next two fiscal years, citing the impact of…
Egypt’s Q3 GDP rises 5% as Suez Canal, construction drive growth – minister
Egypt’s economy expanded by an estimated 5 per cent in the third quarter of fiscal year 2025/2026 (January–March),…
Egypt’s Cabinet approves Suez Canal dredging JV with private sector partner
Egypt’s Cabinet approved on Wednesday the establishment of a joint-stock company under the Suez Canal Authority…
Egypt quickly refloats XIN TAIN YUAN Ship in Suez Canal
A cargo vessel that ran aground in the Suez Canal on Thursday was refloated within hours, Egyptian authorities…
Egypt’s PM chairs crisis committee to monitor regional military escalation
Prime Minister Moustafa Madbouly chaired a meeting of Egypt’s Central Crisis Management Committee on Tuesday to…
Egypt opens fourth crossing axis across Suez Canal to connect Sinai
Egypt has inaugurated two new floating bridges across the Suez Canal in Ismailia, expanding crossings to and from…
The Illogical Proposal: How Nations Lose Sovereignty When They Confuse Debt with Statehood
In modern Egyptian history, few moments illustrate the dangers of conflating sovereignty with debt more clearly…
Egypt’s Suez Canal Authority rescues cargo ship crew after vessel lists off Port Said
Egypt’s Suez Canal Authority (SCA) successfully rescued all 12 crew members of the cargo ship FENER after it…
Egypt inks $22m Japanese grant for Suez Canal’s first-ever diving support vessel
Egypt on Sunday signed an executive agreement with the Japan International Cooperation Agency (JICA) to secure a…
Suez Canal Chairman Osama Rabie first-time entrant on Lloyd’s top 100 list
For the first time, Lloyd’s List has included Suez Canal Authority Chairman Osama Rabie in its annual One Hundred…
Egypt’s East Port Said emerging as major industrial, logistics powerhouse – PM
Egypt’s East Port Said region is rapidly developing into a major industrial and logistics hub, Prime Minister…
Suez Canal Authority launches first locally built luxury yacht in Egypt
The Suez Canal Authority (SCA) on Monday inaugurated the first luxury tourist yacht produced by its Suez Canal…
Suez Canal revenues drop 45.5% in FY 2024/2025 – CBE
Egypt's Suez Canal revenues dropped 45.5 per cent to $3.6 billion during fiscal year 2024/2025, compared to $6.6…
Egypt’s Suez Canal marks $153b in revenues since nationalisation
Egypt’s Suez Canal has generated $153.4 billion in revenues and handled the passage of 1.1 million vessels since…
Suez Canal vital for stable global trade, Pakistan’s military chief says
The head of Pakistan’s armed forces said avoiding the Suez Canal is not a viable long‑term option for shipping…
Egypt, Pakistan discuss boosting maritime cooperation in Suez Canal visit
Pakistan’s Chairman of the Joint Chiefs of Staff, General Sahir Shamshad Mirza, met Suez Canal Authority (SCA)…
Suez Canal vehicle carrier traffic set to rebound by 20% in H2: SCA chief
The Suez Canal is poised for a 20 percent rebound in car carrier traffic in the second half of 2025 as major…
China’s BYD car carrier makes maiden voyage through Suez Canal – canal authority
A giant car carrier operated by Chinese electric vehicle titan BYD completed its maiden transit through Egypt’s…
Egypt proposes US industrial zone in Suez Canal, vows to ease investor barriers
Egypt is eager to establish a US industrial zone in the Suez Canal Economic Zone (SCZone) and is committed to…
Suez Canal transit fees still paid in foreign currencies – Cabinet
Egypt denied reports that it has begun charging Suez Canal transit fees in local currency, reaffirming that tolls…
Egypt’s El-Sisi pushes for advanced shipbuilding to anchor Suez Canal growth
Egyptian President Abdel Fattah El-Sisi has instructed the Suez Canal Authority (SCA) to ramp up maritime services…
UAE’s AD Ports deal to spur jobs, not foreign control, Egypt’s PM says
Egypt’s Prime Minister Moustafa Madbouly downplayed on Wednesday concerns over a newly signed deal with UAE’s AD…
CMA CGM hopes to resume full Suez Canal transit as Red Sea security improves
CMA CGM, one of the world's largest shipping groups, is moving to restore its transit through the Suez Canal…
Suez Canal Authority eyes surge in traffic following improved Red Sea security
The Suez Canal Authority (SCA) is stepping up efforts to revitalise maritime trade through the critical waterway,…
Trump calls for toll-free passage of US ships through Suez, Panama canals
US President Donald Trump declared on Saturday that all American ships — both military and commercial — should be…
Suez Canal revenue hits $39.9 billion over 6 years, despite 2024 slowdown
The Suez Canal generated $39.919 billion in dollar-denominated revenue from 2019 through 2024, despite a sharp…
Egypt pushes for Suez Canal comeback as maritime risk eases in Red Sea
Egyptian Prime Minister Moustafa Madbouly on Tuesday called foreign ambassadors to encourage the return of…
Suez Canal Authority launches Egypt’s first floating pontoon manufacturing facility
The Suez Canal Authority (SCA) Chairman, Osama Rabie announced on Sunday the establishment of Egypt’s first…
47 ships reroute to Suez Canal in Feb as regional stability improves – chair
A total of 47 ships have changed their routes to transit through the Suez Canal instead of the Cape of Good Hope…
BMI: Egypt’s current account deficit to narrow in FY2024/25
BMI, a Fitch Solutions company, expects Egypt’s current account deficit to narrow to 5.7 per cent of GDP ($17.9…
AICC HUANGHU crosses Suez Canal on maiden voyage, saving 18 days
The Suez Canal welcomed on Thursday the maiden voyage of the AICC HUANGHU, a car carrier transporting 4,202…
Egypt unveils new Suez Canal navigation charts for expanded route
The Suez Canal Authority (SCA) has issued on Monday updated navigation charts, signaling the operational launch of…
Suez Canal executes flawless transit of massive ADMARINE 260
The Suez Canal Authority (SCA) successfully managed the passage of ADMARINE 260 in an unconventional towing…
Egypt’s Sisi underscores joint efforts to restore security in Bab el-Mandeb
Egypt's President Abdel Fattah El Sisi on Sunday emphasised the importance of collective efforts to restore…
SCZone to host $38-m projects for Turkey’s Saray, China’s Kelida
The Suez Canal Economic Zone (SCZone) inked on Sunday two major agreements worth $38 million to establish…
Turkey’s Eroglu lays foundation of $51m project in Egypt’s Qantara West
Egypt's Suez Canal Economic Zone (SCZONE) marked a milestone on Wednesday with the foundation stone laying ceremony…