Egypt's Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday.

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

The canal is a key source of scarce foreign currency for indebted Egypt, which spent an estimated $8.2 billion on an expansion of the canal that opened in 2015 and included the creation of a 35-km ...

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

In photo released by Suez Canal Authority, the Ever Given is accompanied by tugboats as it moves in the Suez Canal after it was dislodged on March 29, 2021. Suez Canal Authority via AP ...

Suez Canal blockage felt across the world as trade comes to a pause 03:15. A giant container ship remained stuck sideways in Egypt's Suez Canal for a fifth day Saturday, as authorities prepared to ...

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 ...

The Suez Canal is a major source of both revenue and national pride for Egypt. It was built in the 19th century, and until Egypt's independence, it was owned by the Ottoman Empire but operated by ...

Since it was completed in 1869, the Suez Canal has been one of the world’s most important bodies of water; ... March 24, 2021, after it turned sideways in Egypt's Suez Canal, ...

But all hands better be on deck this time, shipping experts said. Ever Given, one of the world’s largest container ships, is seen after sailing through the Suez Canal in Ismailia, Egypt on Aug ...

Efforts are still ongoing to remove a giant container ship blocking the Suez Canal in Egypt after getting wedged across the narrow strip on Tuesday, March 23, 2021. The Ever Given ship was crossing… ...