Suez Canal News | Live Feed & Top Stories - NewsNow
Latest news on the Suez Canal, a man-made waterway that connects the Red Sea and the Mediterranean Sea. It is located in Egypt and is one of the most important shipping routes in the world, allowing ships to pass between Asia and Europe without having to …
Suez Canal prepared to operate at full capacity as global trade ...
15 hours ago · During the first quarter of FY2024/2025, the number of ships passing through the Suez Canal plummeted by 51 percent compared to the same period the previous year. Revenues also took a severe hit, falling by 61.2 percent, down …
Huthi attacks idle Suez Canal, deepen Egypt's economic woes - France 24
Jan 10, 2024 · Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.
Egypt completes trial run of new Suez Canal channel extension
Dec 29, 2024 · Egypt said on Saturday 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 Yemen’s Houthi militants began attacking vessels in the Red Sea.
Suez Expansion to Be Operational in First Quarter, Canal Chairman …
1 day ago · According to the Suez Canal Authority, the latest expansion extends the total length of the canal's two-way section to 82 km from a previous 72 km. The canal is 193 km long in total.
Egypt tests new extension of the Suez Canal | Arab News
Dec 29, 2024 · CAIRO: Egypt has tested a new 10-kilometer extension to the Suez Canal as it tries to minimize the impact of currents on shipping and increase the key waterway’s capacity. Two ships used...
Suez Canal revenues plunge by 60 percent as Egypt faces …
Dec 27, 2024 · Egypt’s Suez Canal has seen its revenues nosedive by more than 60 percent in 2024 compared to the previous year, amounting to a staggering $7 billion loss, according to a statement released...
Egypt completes trial run of new Suez Canal channel extension
Dec 28, 2024 · Egypt said on Saturday 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 Yemen's Houthi militants...
Suez Canal diversions pile pressure on Egypt's distressed economy
CAIRO, Jan 18 (Reuters) - A sharp downturn in revenue after sea attacks by Yemen's Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt's already...
Egypt completes trial run of new Suez Canal channel extension
Dec 28, 2024 · CAIRO: Egypt said on Saturday it had successfully tested a new 10km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi...