Tag Archives: SUEZ CANAL
Egypt’s Suez Canal revenues rise to $470.6 mln in August
:: Egypt’s Suez Canal revenues rose to $470.6 million in August from $447.1 million in July, the government said on Tuesday. The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of
Dubai and Egypt establish a joint development company in the Suez Canal Zone
:: DP World, a leading enabler of global trade, announced Wednesday the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt. The new venture will develop projects in the Suez Canal
Two ships run aground in Suez Canal, delaying traffic
A container ship ran aground in Egypt’s Suez Canal in dense mist on Saturday morning, the canal authority said, delaying traffic through a vital global trade route for several hours. A Maersk Line spokesman told Reuters the Danish-flagged Susan Maersk
Storm Yohan lashes Mideast, shuts Suez Canal
A fierce storm which lashed Egypt, Israel and Lebanon on Wednesday, forcing the closure of the Suez Canal and grounding domestic flights in Israel, is expected to continue Thursday. “The wind will remain strong Thursday, but it will be lighter
Egyptian jailed for 10 years for spying for Israel
An Egyptian court has jailed a Suez Canal shipping services manager for 10 years on charges of spying for Israel about naval movements through the strategic waterway, state media reported. The court in the canal city of Port Said also
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