An incredible new extension to the Suez Canal has passed its first test in a bid to turn around the Egyptian waterway's ...

The proposed route map for the canal includes the central Gaza Strip. It will start in Gaza and join the Gulf of Aqaba.

The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and ...

An ambitious plan to build a huge 160-mile canal would bypass the Suez Canal and challenge Egypt's monopoly of the ...

( MENAFN - Daily News Egypt) Suez Canal bank has announced an increase in its issued capital from EGP 5bn to EGP 6.5bn, ...

According to the Suez Canal Authority, the latest expansion extends the total length of the canal's two-way section to 82km ...

Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal.

Egypt, grappling with high inflation, is targeting about $3bn in the remainder of the current fiscal year, which runs until ...

Egypt is set to receive a $1.2 billion disbursement from the IMF as part of an $8 billion program. The agreement follows high inflation and currency shortages, aggravated by a decline in Suez Canal ...

Egypt said on Saturday (December 28, 2024) that it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since ...

The lender is set to raise its capital by EGP 1.50 billion financed from the shareholders' share in the distribution of profits for the year that ended on December 31st 2023 ...