Latest in Tag: suez canal Highlight
Latest in Tag: suez canal

Opinion|The Nile is a red line
I mean here his statement about the Grand Ethiopian Renaissance Dam (GERD) negotiations, when he said, “We do not threaten anyone, but no one can take a drop of water from Egypt. Otherwise, the region will witness a state of instability that no one could imagine. And whoever wants to test us, let him please.”

All waiting ships cross Suez Canal on Saturday after Ever Given incident
About 12% of world trade volume passes through man-made canal

Egypt’s Suez Canal has been significant to world trade for 160 years: Al-Sisi
President thanks countries that offered assistance to Egypt for re-floating trapped ship

After 6-day blockage, traffic in Suez Canal resumes as trapped ship re-floated
‘I thank every loyal Egyptian who contributed technically, practically to ending this crisis,” says Egyptian President Al-Sisi

Suez Canal: Egypt’s gift to world, lifeblood of international economy
On its opening, international waterway reduced journey from Arabian Sea to London by 8-10 days

Ever Given ship refloated after blocking Suez Canal for six days
Navigation in Suez Canal will be resumed once Ever Given is fully floated and anchored in the great bitter lakes, hopefully within hours

Egypt’s Al-Sisi orders unloading vessel blocking Suez Canal, if dislodging efforts fail
Daily losses at Suez Canal placed at between $13-14m, says SCA Chairperson Osama Rabie

Germany ready to help end Suez Canal crisis at Egypt request: Ambassador Nunn
About 20% of Germany’s exports and imports transported through Suez Canal

International Maritime Organization praises Egypt’s efforts in dealing with Suez Canal blockage
IMO says it’s aware of implications of temporary closure of canal, asking for patience from stakeholders across supply chain

321 vessels stuck at Egypt’s Suez Canal, all needed logistics provided: SCA Chairperson
Any premeditation in ship’s stranding ruled out, investigations to take place to clarify truth, says Osama Rabie

Navigation on Egypt’s Suez Canal temporarily suspended: Official
Egypt’s Suez Canal Authority continues efforts to free huge container ship blocking world’s busiest waterway

Crude oil price rises after Suez Canal blockage
Approximate rate of backlog is 50 vessels/day, any delays leading to re-routings will add 15 days to Middle East to Europe voyage

Egypt-Asia diplomatic meeting discusses strengthening economic relations
The meeting took place in the presence of: Walid Gamal El-Din, Executive Director of the Suez Canal Economic Zone (SCZone)

Suez Canal revenues record $27.2bn in five years
Since start of pandemic, Suez Canal’s revenues have reached $3.3bn

Suez Canal traffic unaffected by pandemic, records 2% revenues increase
Maritime traffic in Suez Canal rose 8.7% in first four months of 2020, says Canal’s Chairman

Al-Sisi inaugurates new Suez Canal tunnel marking Sinai Liberation Day
Work on tunnel has started 4 years ago

Suez Canal’s revenues rise by 1.3%, recording $5.8bn in 2019
SCA decided to raise crossing-fees by 5% on bulk barriers and LPG tankers, starting April

Al-Sisi inaugurates several national projects in Suez Canal
During a speech, Al-Sisi affirmed that the state is currently focusing on the health and education sectors, adding that the state facilitated 300,000 operations under the initiative to end the waiting lists in one year, at a cost of more than EGP 2bn.

Suez Canal’s tunnels to operate soon: SCZone chairperson
Zaki calls on Egyptian expats to closely identify the possible opportunities in the zone

Suez Canal revenues hike by 5.4% to reach $5.9bn in FY2018/19
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez Canal Economic Zone (SCZone), across 192 projects that have been carried out.

Suez Canal’s transfers to Egypt’s public budget reached its highest level ever in FY 2018/19
Canal’s revenues increase by 40.4% in current FY recording EGP 104.2bn

Suez Canal revenues hit $506.1m in October
May, August 2018 highest in revenues value, Suez Canal earned monthly profits worth EGP 8.9bn: CAPMAS

Al-Sisi visits Suez Canal tunnels, sites of New Administrative Capital
Announced cost of NAC is $45bn, expected to host 5 million people by 2050

Suez Canal revenues hit $4.8bn in 10 months
10.3% increase in Suez Canal revenues from January to October 2018, says Mamish

Suez Canal signs agreement with South Korea’s KT, GGTT to speed internet service to 1 GBps
Partnership will help provide better internet services for all business sectors in area: Yassin

EGP 3.4bn revenues of SCZone form settlements with investors
International advisory offices to complete study of Ain Sokhna project, says Mamish

EETC signs contract with ABB alliance to modernise Suez Canal’s area control centre for EGP 324m
Shaker explained that the modernisation of the regional control of the Canal Electricity area comes within the framework of the Egyptian Electricity Transmission Company’s plan to modernise some of the existing regional controls, namely in, Cairo, canal area, Upper Egypt, Alexandria, and to establish new regional controls in the Delta and Central Egypt.

China studies paying Suez Canal fees in yuan
Currently discussing possibility of increasing number of direct flights between Egypt, China, says ambassador

Al-Sisi renews term of Mamish as Suez Canal chairperson
This August Egypt celebrated second anniversary of inauguration of Suez Canal

Suez Canal revenues to double before 2023: Mamish
$700m increase in Suez Canal’s revenues by end of 2018, says chairperson of Suez Canal Authority