Egypt’s Suez Canal hits Highest Revenues in its History – Official
Despite multiple challenges Egypt faced during 2014, the country’s vital waterway Suez Canal recorded its highest…
Browsing Tag
Suez Canal Authority
Suez Canal Hits New Vessels and Cargo Record – Official
Egypt’s vital waterway Suez Canal has set a record on Friday on the number of vessels and cargo passing through it,…
New Suez Canal Investment Bill ‘Ready within a Week’ – Official
A bill to regulate investment in the new Suez Canal Area Development Project will be ready within a week, said Suez…
Egypt Hires German Firm to Bore Transport Tunnels under Suez Canal
Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8…
Egypt Signs Contracts with 6 Int’l Firms for Dredging of New Suez Canal
The head of Egypt's Suez Canal Authority announced on Saturday the government had signed a contract with six…
Egypt Must Cut Red Tape to Win Second Suez Canal Investors
Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws…
SFD Finances 5 Contractors Participating in Suez Canal Project
Egypt’s Social Fund for Development (SFD) announced Wednesday it will finance contractors participating in building…
Suez Canal Revenues Jump to Highest Monthly Level in August
Revenues from Egypt’s vital waterway Suez Canal jumped to US$508 million in August, the highest monthly level in…
Egyptian Banks, SCA to Arrange Syndicated Loans to Finance Drilling Processes
The governor of Central Bank of Egypt (CBE) Hisham Ramez revealed that meetings will be hold between Suez Canal…
World Bank to Advise on Egypt’s Suez Canal Mega Project
The World Bank has announced its strong backing for Egypt's recently-launched Suez Canal mega project, pledging its…