Saturday 28 May 2016
 
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Suez Canal

Egypt Suez Canal revenue drops to $350bn in February

Egypt's Suez Canal revenue in February reached EGP3.108 billion ($350 million), down from EGP3.179 billion ($358.28 billion) the month before, the data from the canal authority showed. The website did not explain why a dollar

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Toyota to set up vehicles harbour at Suez Canal

Egypt has signed a memorandum of understanding (MoU) with Toyota to establish a harbour for vehicles at the Suez Canal area, said a senior official in a report. The move will make the zone an auto distribution centre, which could

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Suez Canal revenues drop to $411.8m

Egypt's Suez Canal revenues fell in January to $411.8 million from $429 million in December, data on the Suez Canal Authority's website showed on Monday. The canal is the fastest shipping route between Europe and Asia and

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Suez Canal Economic Zone industry ops to start in 2020

Egypt is working on infrastructure at the Suez Canal Economic Zone that will allow industry investing in the area to start production by 2020, the head of the General Authority for the Suez Canal Economic Zone told Reuters in an interview.

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Suez Canal Economic Zone industry ops to start in 2020

Egypt is working on infrastructure at the Suez Canal Economic Zone that will allow industry investing in the area to start production by 2020, the head of the General Authority for the Suez Canal Economic Zone told Reuters in an interview.

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Suez Canal Axis Development project becomes economic zone

The area of the Suez Canal Axis Development project has been made into an economic zone following a decree by Egypt’s President Abdel Fattah Al-Sisi, according to a report.   Former minister of state for administrative d

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Rise in number of ships transiting Suez Canal

A total of 338 ships transited the Suez Canal with a total load of 19,388 million tonnes from November 6 to 12, compared to 322 ships with 18,214 million tonnes during the week before that, according to traffic data released by the canal.

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Sisi orders economic zone around Suez Canal

President Abdel Fattah Al-Sisi issued a decree establishing an economic zone for Egypt's Suez Canal, the country's state news agency said. Egypt inaugurated a major extension of the Suez Canal last week which President Sis

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Abu Dhabi’s NMDC plays key role in Suez Canal

Abu Dhabi-based National Marine Dredging Company (NMDC) deployed 26 dredgers and 40 additional equipment for the completion of the new Suez Canal, thus playing a key role in the development, the company’s CEO said. "We

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Suez Canal expansion opening to high hopes

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

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