The Suez Canal is one of the world’s busiest waterways and the shortest shipping route between Europe and Asia
Suez canal
Latest in Suez canal
Egypt
Egypt to raise Suez Canal transit fees by 15 percent in 2023
Rabie said the fee increase, which will take effect from January 1 2023, is “inevitable and a necessity,” amid rising global inflation rates
Egypt
Suez Canal records highest daily traffic rate in its history on Saturday
The international waterway, where around 12 percent of global trade passes through, saw 89 ships carrying 5.2 million tonnes in both directions on that day
Egypt
Egypt’s Suez Canal hits highest ever monthly revenue at $704 million
The canal saw an influx of oil tankers, generating a revenue of $153 million, its highest revenue gain from oil tankers in its history
Floating Industrial City
Saudi prince’s ‘Neom’ to expand port to rival region’s biggest
Neom is looking at connecting Oxagon’s port with northeastern Saudi Arabia and the broader region first by road transport and later by rail
Ever Given
Suez Canal trade backlog set to end following Ever Given blockage
Suez Canal Authority chairman says last 85 ships are expected to pass the canal from both sides on Saturday
Ajay Kumar Singh
Video: Changing Egypt’s economic perspective
Sokhna World port in Egypt is a free economic and trade area that is on a mission to boost foreign investments.
cargo vessels
Saudi Arabia plans Red Sea pact for Arab, African countries
King Salman met with foreign ministry officials from Egypt, Djibouti, Somalia, Sudan, Yemen and Jordan to look into establishing an entity for Arab and African states on the Red Sea coast
Berbera
DP World sees key role for Eritrea in Horn of Africa ports plan
Eritrea’s strategic location near the Bab el-Mandeb Strait, a key shipping lane used by oil tankers and other cargo vessels en route to the Suez Canal, makes it an attractive investment destination for logistics companies
Ismailia
In pictures: Twin-tube tunnels beneath the Suez Canal
The four road tunnels will be built 48m deep, 10.8m wide and 3.19km long, and provide access for an estimated 45,000 cars and trucks per day, while the rail tunnels will be built at the same depth over a distance of 6.7km and feature five ventilation shafts. Once they are completed, the tunnels will link the eastern and western banks of the Suez Canal from Egypt’s homeland cities of Port Said and Ismailia, to the Sinai Peninsula.
Kuwait Agility
Kuwait’s Agility inks deal for Egyptian logistics hub
Facility will be established in East Port Said, one of the most important strategic sites on the Mediterranean Sea, as part of an agreement with the Suez Canal Authority
Ain Sokhna
Egypt revives dream of Abu Dhabi-like capital in the desert
City will be complete with luxury hotels, upscale residential districts, a modern airport and a 345-metre tower, touted as Africa’s tallest
DP World
DP World to set up economic zone in Suez Canal region
Project along major shipping route aims to be global trading hub