Egypt will open an expansion to the Suez Canal to great fanfare today (August 6). The project is the centrepiece of President Abdel Fattah Al Sisi's plans to revitalise the country's economy after years of damaging political turmoi
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