Saturday 1 August 2015
 
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Egypt to reveal new projects at New Suez Canal opening

Egypt is set to announce new projects during the inauguration of the New Suez Canal, according to a report. The official opening of the new 72-km shipping lane has been scheduled for August 6, said the Amwal Alghad report

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International Chamber of Shipping lauds new Suez Canal

The International Chamber of Shipping (ICS) has commended the New Suez Canal during a site visit today (July 30) in Ismailia. With just one week until the inauguration, a committee consisting of the industry’s top governing

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Bahraini ship among first in Suez test run

A Bahraini ship bound for Italy from Saudi Arabia was among the first to pass through Egypt’s New Suez Canal in a test-run ahead of its official opening next month. The trial, on Saturday (July 25), was a success – lea

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Ships cross Egypt's New Suez Canal in first test-run

The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez

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Ships cross Egypt's New Suez Canal in first test-run

The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez

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Suez Canal Authority gains powers to set up joint-stock firms

The Egyptian government approved legislative amendments on Thursday that would grant the Suez Canal Authority the right to establish joint-stock companies, the cabinet said in a statement. Egypt plans to build a new Suez Canal alo

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Egypt’s Suez Canal zone to make up 30pc of economy

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and log

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Egypt must cut red tape to win investors in Suez canal

Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said. Egypt plans to build

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Suez Canal revenue hits record $508m in August

Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 20

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New Suez Canal project to cost $8.4bn

The new Suez Canal project will cost about 60 billion Egyptian pounds ($8.4 billion), funded by debt certificates to be issued "in about a week", Egyptian Prime Minister Ibrahim Mehleb said on Thursday. The "Suez Ca

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