Egyptian authorities say an oil-drilling ship capsized in the Gulf of Suez, killing at least four crewmen and leaving four ...

Egypt's petroleum ministry said on Tuesday that it received a report from oil and gas production company Offshore Shukheir oil Company (Osoco) about a capsized drillship in the Gulf of Suez. The ...

Egypt’s President Abdel Fattah Al-Sisi said on Monday that the Suez Canal, which used to earn about $10bn a year, has seen its revenues drop by 40-50%. He made this remark at the opening of the ...

The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $3.991 billion in 2024, down from a historic high of $10.25 billion in 2023, according to a ...

Three Egyptian policemen were killed and four others, including a police officer, wounded Friday in an attack in the Suez Canal city of Ismailia, security and medical sources said.Two cars approached ...

Suez Canal traffic dropped precipitously in January, nearly halving Egypt’s revenue from waterway fees as Houthi rebels continue to attack transport vessels. Egypt took in just $428 million last ...

The chairman of Egypt's Suez Canal on Thursday affirmed the waterway is "not for sale", in a bid to allay fears over a draft law under discussion in parliament.On Tuesday the legislature approved in ...

Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, ... UAE’s Modon appointed main developer of Egypt’s Ras al-Hikma city project.

Egypt is preparing to conduct a feasibility study on a giant new project aiming to expand the Suez Canal to speed up transit times and avoid maritime traffic jams. Journalist Ahmed Moussa revealed, ...

CAIRO (AP) — Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East ...

According to the Egyptian canal authority, only 13,213 ships passed through the canal in 2024, marking a 50% decline compared to the number of ships in 2023, when over 26,000 ships passed through.

The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $3.991 billion in 2024, down from a historic high of $10.25 billion in 2023, according to a ...