Siemens to finalise lines II, III of Egypt’s high-speed rail system contracts by year-end
Siemens Mobility is expecting to finalise contracts for the second and third lines of Egypt’s $4.45 billion…
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Egypt’s Suez Canal
Egypt’s Suez Canal revenues surge 11.2% y-o-y from Jan 20-Aug 20: official
The revenues from Egypt’s Suez Canal grew 11.2 percent year-on-year to $3.88 billion from January 20 to August 20,…
Egypt’s Suez Canal revenues surge 20.6% y-o-y in July – official
Egypt’s revenues from the Suez Canal surged 20.6 percent year-on-year to $530.7 million in July, the head of the…
Egypt’s Suez Canal revenues hit record $5.84 billion in FY2020/21
Egypt’s revenues from the Suez Canal rose to a record $5.84 billion in the 2020-2021 financial year, up from $5.72…
Ever Given ship owners reportedly to pay $540 million compensation to Egypt
The owner and insurers of the Ever Given container ship have agreed to pay $540 million in compensation to Egypt…
Ever Given ship owners reach settlement with Egypt’s Suez Canal; insurer says
The owner and insurers of the giant container ship Ever Given, which blocked Egypt’s Suez Canal for six days in…
Ever Given Ship insurer in ‘serious and constructive negotiations’ with Egypt…
UK Club, an insurer for the giant container ship Ever Given that blocked Egypt’s Suez Canal in March, said on…
Suez Canal is infrastructure route for entire world, not just Egypt – ambassador
Italian Ambassador to Cairo Giampaolo Cantini said on Thursday the Suez Canal plays a pivotal role in global trade,…
Egypt offers to reduce compensation claim for Suez Canal blockage
Egypt offered to cut claims by a third for compensation from owners of the giant container ship Ever Given that…
Egypt court upholds order to detain Ever Given Ship that block Suez Canal
An Egyptian court has on Tuesday upheld an earlier ruling to detain the Ever Given container ship that blocked the…