Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area.
Monthly revenue from Egypt's Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday.
The canal's revenue in March 2011 was $413.5 million. Revenue rose 12.2 percent mo
Revenue from Egypt's Suez Canal rose 4.8 percent on a year earlier to $443.7 million in December, but up 1.9 percent from a month earlier, the Egypt Information Portal website showed.
The canal's revenues in December 2010 were $423.
Tehran said it will test-fire missiles in the Strait of Hormuz today (December 31), a move likely to stoke tensions with Washington already running high over Iran's threats to close the strategic oil waterway if sanctions are enforced.
Suez Canal, a vital waterway for world trade, is operating normally despite days of sit-ins and protests in the area, a Suez Canal Authority official told the state news agency, MENA, on Sunday.
Protests erupted in Suez, a city at the sout
The Strait of Hormuz is one of the most important international waterways for transportation of oil and trade goods, a top official has said.
Nothing can close such a vital waterway as the international community will not accept any act th
Revenue from Egypt's Suez Canal rose to $374.9 million in April from $346.9 million a year earlier, but fell from March, a state website showed on Sunday.
Revenue in March was $379.4 million.
The waterway is a vital source of fore