THE TRUTH ABOUT: 3 | History Defined

Egypt’s Sets Date for Upcoming Economic Conference

The Egyptian government announced that the upcoming economic conference, called for by President Abdel Fattah el-Sisi, would be held from October 23 to 25. Speaking on the sidelines of the inauguration of naval units in the Suez Canal earlier this month, the Egyptian president called for holding an economic conference…

Asharq Al-Awsat · Sep 29, 2022

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

Sisi Hails Gulf Support for Egypt

Egyptian President Abdel Fattah el-Sisi praised the Gulf support for his country, especially during the periods that followed the upheavals in January 2011 and June 2013. Sisi’s comment came during the inauguration of projects in the Suez Canal Authority on Thursday. In his speech, the Egyptian president said that Saudi…

Asharq Al-Awsat · Sep 9, 2022

Ship refloated after running aground in Egypt's Suez Canal

Tug boats refloated an oil tanker that was briefly stranded in Egypt's Suez Canal late on Wednesday after to a technical fault with its rudder, the Suez Canal Authority (SCA) said.

Reuters · Aug 31, 2022

Oil tanker runs aground in Suez Canal sparking major recovery effort on key trade route

A major recovery effort was put in place to free a 64,000-tonne oil tanker that ran aground on the Suez Canal sparking fears that there could be a repeat of the Ever Given disaster for shipping

Daily Mirror · Aug 31, 2022

Egypt’s Suez Canal Records All-time Highest Daily Traffic Rate on Saturday

Traffic passing through Egypt's Suez Canal on Saturday reached an all-time record per day in the canal's history with 89 ships carrying a total net tonnage of 5.2 million tons passing through both directions. Suez Canal Authority (SCA) Chairman Osama Rabea said in a statement that a total of 44…

Asharq Al-Awsat · Aug 7, 2022

Suez Canal Records All-time Highest Monthly Revenue

Egypt’s Suez Canal revenue reached $704 million in July, Canal Authority Chairman Osama Rabea said on Tuesday. The figure represents a 32.4% increase from the same month last year, when the canal only recorded $531.8 million. The canal is the fastest shipping route between Europe and Asia and one of…

Asharq Al-Awsat · Aug 3, 2022

US to Reward Tips on Illicit Cargos in the Middle East

The US Navy will for the first time reward individuals for providing information that leads to the seizure of illicit cargos such as illegal weapons or narcotics in waters across the Middle East, it said on Tuesday. The US Naval Forces Central Command (NAVCENT), which is headquartered in Bahrain and…

Asharq Al-Awsat · Jul 5, 2022

Egypt’s Suez Canal Revenue Rises 20.7% in 2021/22 to $7 Bln

Egypt's Suez Canal recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7% from a year earlier, Suez Canal Authority Chairman Osama Rabea said in a statement on Monday. Egypt's fiscal year runs from July 1 to June 30. The canal is the fastest shipping route between Europe…

Asharq Al-Awsat · Jul 4, 2022

Egypt to Manufacture 75,000 Vehicles Annually in SCZone

Egypt unveiled Tuesday a national strategy for the automotive industry in the country. Prime Minister Mostafa Madbouly announced the National Strategy for the Development of the Automotive Industry, which was launched from East of Port Said in the Suez Canal Economic Zone (SCZone). Madbouly also witnessed the signing of a…

Asharq Al-Awsat · Jun 15, 2022