For the third month in a row, Egypt’s net foreign reserves have witnessed an increase, despite paying …
Suez Canal
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2Africa submarine cable lands successfully in Ras Ghareb, Egypt
by Nada Aliby Nada AliAs part of the 2Africa consortium, Telecom Egypt and Meta announced on Tuesday the success of the …
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EGAS, Shell, 3 other firms to study building LNG bunkering hub in Suez Canal
by Nada Aliby Nada AliEgyptian Natural Gas Holding Company (EGAS) signed a letter with Shell Global, Pyramid Navigation, Infinity Solar, and …
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Egypt receives 4.9 million tourists in H1 – CAPMAS
by Nada Aliby Nada AliThe number of tourists visiting Egypt has increased by 85.4 percent to 4.9 million during the first …
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Egypt’s Suez Canal revenues grow 32.4% in August
by Sanaa Allamby Sanaa AllamEgypt’s revenues from the Suez Canal surged 32.4 percent year-on-year to $744.8 million in August.
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Egypt succeeds in refloating Affinity V oil tanker after briefly blocking Suez Canal
by Yomna Yasserby Yomna YasserTug boats refloated oil tanker Affinity V that was briefly stranded in Egypt’s Suez Canal late on …
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Egypt’s Suez Canal records highest daily traffic rate of 89 ships
by Nada Aliby Nada AliEgypt’s Suez Canal recorded on Saturday the highest daily transit rate of transiting ships from both sides …
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Egypt establishes independent fund for Suez Canal
by Nada Aliby Nada AliEgyptian Cabinet has approved to establish a separate fund to manage Suez Canal’s revenues, as its headquarters …
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Suez Canal sees record monthly revenue in July
by Sanaa Allamby Sanaa AllamEgypt’s Suez Canal recorded its highest monthly revenues to date in July to $704 million, reaping $629 …
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Egypt’s Suez Canal revenues surge 20.7% in FY2021/2022 – official
by Sanaa Allamby Sanaa AllamEgypt’s revenues from the Suez Canal reported a 20.7 percent year-on-year growth in revenues for the financial …