Ships avoid crossing Suez Canal amid Houthis’ attacks on Red Sea
Yemen’s Iranian movement, Houthi, has been responsible for several attacks on vessels crossing the Red Sea.
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Egypt’s Suez Canal
Egypt’s Suez Canal revenues rise 34.7%
The revenues of Suez Canal rose by 34.7 percent recording $9.4 billion compared to $7 billion in the last fiscal…
Egypt, China’s TEDA sign new 4 investment deals in SCZone
Egypt has signed four new contracts with the Chinese industrial developer, TEDA, for new investment projects in…
Egypt expects Suez Canal revenues to reach $10.3bln by 2023
Egypt Suez Canal’s total revenues expected to record $10.3 billion by the end of this year, up from increased $9.4…
Maersk inaugurates new logistics projects in Egypt
The Danish Maersk company, a global leader in shipping and logistics, has declared its plans to inaugurate new…
IFC plans to provide $175mln loan to SCCT
The International Financial Corporation (IFC) is planning on providing the Suez Canal Container Terminal (SCCT)…
AMEA Power plans to build green hydrogen facility in Kenya
Dubai-based renewable-energy company, AMEA Power, plans to build a green hydrogen facility in the Kenyan port of…
Egypt’s Suez Canal makes historic record of $1mln revenues in one hour
Egypt's Suez Canal recorded one million dollars in revenues in one hour, in a historic never seen before record,…
Suez Canal pushes $143.8 bln into Egypt’s public treasury
The Suez Canal pumped more than $143.864 billion into the state’s public treasury since its nationalisation in…
Egypt posts $281.9 mln balance of payments surplus in 9 months
Egypt’s balance of payments (BoP) achieved an overall surplus of $281.9 million in July-March of the financial year…