Suez Canal Authority

East Port Said receives €70m in German investments
Egypt

East Port Said receives €70m in German investments

The East Port Said Development company (EPSD) has signed two agreements on Tuesday worth €70 million of investments with local…
Sisi to open new tunnels under Suez Canal in October
Egypt

Sisi to open new tunnels under Suez Canal in October

President Abdel Fattah al-Sisi will officially open four tunnels beneath the new and old Suez Canals on 6 October, according…
Suez Canal records highest ever revenues for 2017-18, official
Egypt

Suez Canal records highest ever revenues for 2017-18, official

The Suez Canal made record revenues during the fiscal year 2017/2018. Chairman of the Suez Canal Authority, Mohab Mamesh, said that…
Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone
Business

Egypt, Russia sign agreement for Russia’s Suez Canal industrial zone

  After two years of negotiations Egypt and Russia signed an agreement on Wednesday to establish the Russian industrial zone in…
Suez Canal revenues increase by 3.4 percent: SCA chairman
Egypt

Suez Canal revenues increase by 3.4 percent: SCA chairman

Chairman of the Suez Canal Authority (SCA), Mohab Mamish, said on Saturday that the Suez Canal’s revenues surged to $4.3 billion in…
World’s largest oil tank crosses Suez Canal
Egypt

World’s largest oil tank crosses Suez Canal

Chairman of the Suez Canal Authority, Mohab Mamish, said that the largest oil tank in the world, BW CATCHER, with…
DP World, Egypt sign agreement to develop Ain Sokhna
Egypt

DP World, Egypt sign agreement to develop Ain Sokhna

Chairman of the Suez Canal Authority Mohab Mameish and CEO of DP World Sultan Ahmed Bin Sulayem signed an initial…
New Suez Canal did not cause spread of jellyfish along North Coast: authority
Egypt

New Suez Canal did not cause spread of jellyfish along North Coast: authority

The Suez Canal Authority issued a statement denying any relation between the drilling of the new waterway of the Suez…
Suez Canal revenues record $853.7 mn in March, April
Egypt

Suez Canal revenues record $853.7 mn in March, April

Suez Canal revenues over the past two months have reached $853.7 million, compared to $820.4 million for the same period…
Canal linking East Port Said to the sea opens amid fanfare
Egypt

Canal linking East Port Said to the sea opens amid fanfare

Prime Minister Sherif Ismail declared the East Port Said Canal officially open on Wednesday at a ceremony attended by numerous…
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