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 ...

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 ...

A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades. Image by EyeEm Mobile GmbH via iStock Egypt is ...