Egypt completes trial run of new Suez Canal channel extension
13 hours ago · According to the Suez Canal Authority, the latest expansion extends the total length of the canal's two-way section to 82 km from a previous 72 km. The canal is 193 km long in total.
SCA Chief announces success of trial operation of the Suez Canal…
17 hours ago · In May 2023, former Minister of Finance, Mohamed Maait, has revealed projections for Suez Canal revenues, to decline by around 60 percent due to tensions in the nearby Red Sea. Last year, the SCA Chief Rabie announced that the annual revenues of Egypt’s Suez Canal Authority (SCA) are at an all-time high, amounting to $9.4 billion during the ...
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez ... - Yahoo News
1 day ago · The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy.. According to a statement from Egypt’s presidential office, revenues for the Suez Canal declined more than 60 percent in the 2024 calendar year, amounting to nearly $7 billion loss for the country. The office did not provide total figures, or tonnage ...
Red Sea attacks cost Egypt $7 billion in Suez Canal revenue - Yahoo
1 day ago · Suez Canal revenue has plunged 60% this year, a loss of $7 billion for Egypt, amid attacks on shipping in the Red Sea and ongoing regional tensions. President Abdel Fattah al-Sisi in a statement ...
Suez Canal revenues plunge by 60 percent as Egypt faces …
1 day ago · Egypt’s Suez Canal has seen its revenues nosedive by more than 60 percent in 2024 compared to the previous year, amounting to a staggering $7 billion loss, according to a statement released on ...
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
2 days ago · Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.
Houthi Attacks Causing More Damage in the Red Sea, Merchant ... - USNI News
Jun 20, 2024 · Comparative data from Marine Traffic suggests that the Houthi attacks have led to a 79.6 percent drop in drybulk carriers going through the Suez Canal in June 2024 versus June 2023.
Regional challenges cost Egypt around $7 bln of Suez Canal …
2 days ago · CAIRO, Dec 26 (Reuters) - Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday.
Suez Canal News | Live Feed & Top Stories - NewsNow
Latest news on the Suez Canal, a man-made waterway that connects the Red Sea and the Mediterranean Sea. It is located in Egypt and is one of the most important shipping routes in the world, allowing ships to pass between Asia and Europe without having to …
Suez Canal | AP News
Feb 13, 2023 · Egyptian authorities say a huge fire has broken out in a police headquarters in northeastern Egypt, injuring at least 38 people. They say the blaze ripped through the multistory police headquarters on Monday in the Suez Canal province of Ismailia. Most of the injured suffered from breathing difficulties.