Sunday 21 September 2014
 
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Suez Canal

Egypt raises $8.5bn for Suez Canal expansion

Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor said. Hisham Ramez said in a telephone interview with Reuters that EGP61 billion had been raised a

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Egypt's new Suez Canal to cost $4 billion

Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia. The $4 bill

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GIANT PROJECT: Egypt to dig new Suez Canal

Egypt is planning to build a new Suez Canal alongside the near-145 year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia. "This giant pr

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Egypt plans to dig new Suez Canal costing $4 billion

Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia. The Suez Canal earns

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Suez Canal revenue up 9.7pc in June

Revenue from Egypt's Suez Canal was $443.9 million in June compared with $404.6 million in the same month a year ago, the State Information Portal said on Monday. May revenues stood at $471.1 million. The waterw

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Egypt Suez Canal revenue up 8.9pc

Revenue from Egypt's Suez Canal rose 8.9 percent to $442.4 million in April from $406.1 million in the same month a year ago, Egypt's state information portal said on Monday. March revenues stood at $441.9 million.

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Suez Canal revenue up 8pc to $348m in April

Revenue from Egypt's Suez Canal rose 8 percent to $438.5 million in April from $406.1 million in the same month a year ago, Suez Canal Authority chief Mohab Memish told Reuters on Tuesday. March revenues stood at $441.9 millio

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Suez Canal March revenues rise 8.5pc

Revenue from Egypt's Suez Canal rose 8.5 percent to $441.9 million in March from $407.4 million in the same month a year ago, Egypt's state information portal said. February revenues stood at $339.3 million, the lowest in

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Suez Canal revenues to hit record $5.5bn

Revenues from Egypt's Suez Canal, one of the country's main sources of foreign currency, are expected to reach $5.5 billion in the current fiscal year, the head of the authority that manages the waterway said. Suez Canal A

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Citadel unit to launch container service on Suez

The National Company for Multimodal Transport (NMT), a unit of top investment company Citadel Capital, has announced plans to start a new container transshipment service between Port Said Port and Sharq Al-Tafrea on the Suez Canal.

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