The measure to lower Suez transit fees underscores the canal's crucial role for the Egyptian economy and international trade.

Beijing hopes to make a splash on the trade scene with the construction of the Pinglu Canal, which is set to open in 2026 and ...

The generated earnings were compared with non-consolidated net profits of EGP 763.289 million in the same six months in FY ...

Will lower tariffs lure the world’s shipping giants back to the Suez Canal after the disruptions in the Red Sea caused by the ...

Arab Finance: Suez Canal Bank’s (CANA) net profits after tax recorded a 114.41% year-on-year (YoY) increase in the first quarter (Q1) of 2025, according to the bank’s financial income statement on May ...

The Suez Canal is more than just a waterway ,it's a man-made marvel that reshaped global trade and geopolitics. Built through the harsh Egyptian desert, this 120-mile canal connects the Mediterranean ...

CAIRO, May 12 (Reuters) - Egypt's Suez Canal Authority chief, Osama Rabie, said the authority is considering offering discounts ranging from 12% to 15% on transit fees to help restore traffic in ...

CAIRO, May 13 (Reuters) - Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the ...

The Suez Canal Authority will apply a 15% discount on transit fees for 90 days to container ships with a net cargo of 130,000 tons or more.

At the start of 2025 the UN authorized a new peacekeeping force of 11,900 troops. In February the U.S. carried out airstrikes against Islamic terrorists in Puntland, which is in northern Somalia.

Samaa Soliman, deputy chairman of the Foreign, Arab, and African Affairs Committee of the Egyptian Senate, said: "Only Egypt is responsible for securing and protecting the Suez Canal." Egyptian ...

Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, toured the Suez Canal Economic Zone (SCZONE) this ...