Yemen’s Iranian movement, Houthi, has been responsible for several attacks on vessels crossing the Red Sea.
Osama Rabie
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Egypt expects Suez Canal revenues to reach $10.3bln by 2023
by Nada Aliby Nada AliEgypt Suez Canal’s total revenues expected to record $10.3 billion by the end of this year, up …
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Egypt, South Korea mull cooperation in green transition
by Sama Mousaby Sama MousaEgypt and South Korea are mulling cooperation in the green transition sector, said Suez Canal Authority’s (SCA) …
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Suez Canal pushes $143.8 bln into Egypt’s public treasury
by Sama Mousaby Sama MousaThe Suez Canal pumped more than $143.864 billion into the state’s public treasury since its nationalisation in …
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Suez Canal revenues climb 35% to $9.4 bln in FY2022/23
by Nada Aliby Nada AliSuez Canal revenues hit a record $9.4 billion, or 35 percent, during 2022–2023, compared to $7 billion …
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Suez Canal records $50.9bln revenues in 10 years
by Sama Mousaby Sama MousaEgypt’s Suez Canal recorded the highest revenues in a decade in its history, reaching $50.9 billion in …
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Egypt denies rumors about selling Suez Canal to foreign party for 99 years
by Nada Aliby Nada AliEgypt’s Suez Canal Authority (SCA) has denied on Friday the rumors circulating about selling the vital waterway …
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Egypt’s SCA inks MoU with American Bureau of Shipping to boost green transformation
by Nada Aliby Nada AliEgypt’s Suez Canal Authority (SCA) has signed a MoU with the American Bureau of Shipping (ABS) to …
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Egypt’s Suez Canal makes record revenues of $7.9bn in 2022
by Nada Aliby Nada AliEgypt’s Suez Canal has registered a record-breaking revenue of $7.932 billion in 2022 up from $6.333 billion …
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IMO to open new office in Egypt to serve Middle East region
by Nada Aliby Nada AliThe International Maritime Organisation’s (IMO) Secretary General, Kitack Lim has revealed on Thursday the establishment of a …