How did Egypt and Israel’s economies do in a year of Houthi attacks? Traffic through Suez Canal has slowed, driving the cost of goods up, and impacting the two countries’ economies. Al Jazeera · Oct 8, 2024
Egypt Announces 47% Increase in Suez Canal Revenues The Egyptian government on Friday denied that the Suez Canal Authority (SCA) had reached an agreement with a foreign company to manage the canal’s services. In spite of the denial, the hashtag “Suez Canal” remained the top trending topic in the country over the past two days, prompting SCA chairman,… Asharq Al-Awsat · Feb 5, 2023
Suez Canal Authority to Raise Transit Fees by 15% in 2023 Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the Canal Authority's Chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10%, Rabie added. The fee increase will be applied starting Jan 1, 2023. Rabie… Asharq Al-Awsat · Sep 18, 2022
Suez Canal gets blocked again by tanker in almost exact same spot as Ever Given container ship Suez Canal’s authority sent five boats to get the wedged vessel Affinity V floating again The Independent UK · Sep 1, 2022
Suez Canal Sees Record Monthly Revenue in April on Higher Traffic Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said on Sunday, as traffic rebounded from the impact of the pandemic. The monthly revenue in April was 13.6% higher than a year ago, canal authority… Asharq Al-Awsat · May 1, 2022
Suez Canal Revenues Register 20% Increase in 3 Months The Egyptian Suez Canal Authority (SCA) said on Saturday that the canal recorded revenues of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period last year. Osama Rabie, the head of the SCA, said that figures showed a “remarkable” rise in the number… Asharq Al-Awsat · Apr 3, 2022
Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers Egypt's Suez Canal Authority said on Tuesday it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions to 15% of normal dues from 5%, effective May 1. It said that ballast crude oil tankers and petroleum products tankers… Asharq Al-Awsat · Mar 22, 2022
Suez Canal Expansion to Increase Two-Way Section by 10km Works are under way to expand the two-way section of the Suez canal to 82 km (51 miles) from 72 km, the chairman of the authority managing the Egyptian waterway said on Tuesday. Suez Canal Authority Chairman Osama Rabie told a news conference that it would be too expensive to… Asharq Al-Awsat · Feb 15, 2022