Egypt, Suez Canal

Egypt completes trial run of new Suez Canal channel extension
Following the 2021 grounding of a container ship that blocked the waterway, Egypt accelerated plans to extend the second channel in the southern reaches of the canal and widen the existing channel
Success Amidst Challenges: Egypt's Suez Canal Expansion
Egypt has tested a new 10 km section near the Suez Canal's southern end, aiming to increase the canal's capacity. Despite this, revenue from the canal has significantly decreased due to attacks by Yemen's Houthi militants on vessels in the Red Sea,
Regional challenges cost Egypt around $7 bln of Suez Canal revenues in 2024, Sisi says
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.
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
The amount marks a drop of more than 60 per cent annually, as attacks in Red Sea and Bab Al Mandab have impeded navigation and global trade, he said after a meeting with the Suez Canal Board. Mr El Sisi's comments came as Egypt takes steps to boost its ...
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue in 2024, the country’s presidency said in a statement December 26. Revenue from the vital international waterway is down over ...
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, says Project44.
Marine Link6h
Suez Canal Expands as Revenues Plunge $7B
Egypt successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway ...
Business Insider13y
A Deep Look At Oil Tankers And The Suez Canal In The Wake Of The Egyptian Crisis
There is one other way of shipping oil through Egypt and that is to put some of the liquid in a Suezmax vessel to transship the canal, and send the surplus up through the Suez-Mediterranean ...
TASS3d
Egypt lost more than 60% of Suez Canal revenues in 2024 — administration
This stood at about $7 bln, in the outgoing year CAIRO, December 27. /TASS/. Egypt lost more than 60% of Suez Canal revenues, which stood at about $7 bln, in the outgoing year, Chairman and ...
China Internet Information Center2d
Suez Canal revenues down over 60 pct in 2024 amid regional challenges: Egyptian president
CAIRO, Dec. 26 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi said Thursday that the Suez Canal revenues fell more than 60 percent year-on-year in 2024 amid regional challenges, according ...
Hebdo Ahram4d
Egypt’s Suez Canal revenue has dropped 40-50% in 2024: Sisi
El-Sisi's remarks came during the inauguration of the seventh edition of Egypt Energy Show (EGYPES 2024), held at Al-Manara International ... 2022/2023 fiscal year, Suez Canal revenues hit a ...
Bankrupt Egypt hit hard by Israel-Houthi war, earning from Suez Canal falls by..., president Sisi faces danger like...
As a result of this armed conflict, Egypt has suffered a huge financial loss as its earnings from the Suez Canal have fallen by 60 percent. The loss is gauged at around $ 7 billion to Egypt. Currently ...