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June 29, 2022

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Suez Canal

suez canal

Egypt is considering a new expansion of the Suez Canal to speed up transit times

Lieutenant General Osama Rabie, chairman of the Suez Canal Authority, stated that the project of full duplication of the canal’s navigable route is still in the study stage, which extends to feasibility studies, environmental studies, engineering and civil studies, soil research, dredging and other studies that the authority will be working on in cooperation with …

Egypt is considering a new expansion of the Suez Canal to speed up transit times Read More »

suez canal

Suez Canal revenues have fallen by more than 700 million dollars since the beginning of the unrest in the Red Sea

Revenues of the Suez Canal have recorded a decline of more than 700 million dollars since the beginning of the unrest in the Red Sea compared to the same period of the previous year. This came as a result of escalating tensions between the Houthis in Yemen and the United States, which led to a …

Suez Canal revenues have fallen by more than 700 million dollars since the beginning of the unrest in the Red Sea Read More »