It comes as Egypt revealed its revenue from the waterway has plunged amid Houthi militants' attacks on vessels in the Red Sea. The Suez Canal Authority said two ships navigated through the new ...

Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, affirmed the ministry’s commitment to developing cities as economic and investment hubs, including New Suez City, ...

CAIRO, Jan 21 (Reuters) - The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie ...

Although the Suez Canal is one of Egypt's major sources of hard currency, the Red Sea conflict caused it to lose 61-62 percent of its revenues, around $7 billion, in the fiscal year ending June ...

Suez Canal transit revenues also declined sharply by 61.2 percent to $931.2 million in Q1 FY 2024/2025, down from $2.4 billion during the same period last year. In 2024, Egypt's Suez Canal ...