CAIRO, Feb 3 (Reuters) - The Suez Canal Authority's chairman, Osama Rabie, said on Monday that navigational maps for the planned 10km (6.2 mile) canal extension were issued. Rabie's statement said ...
Although the Suez Canal is one of Egypt's major sources of hard currency, the Red Sea conflict caused it to lose 61-62 percent of its revenues, around $7 billion, in the fiscal year ending June ...
CAIRO, Feb 23 (Reuters) - Egypt's Suez Canal Authority chairman Osama Rabei said on Sunday that 47 ships have been rerouted from Cape of Good Hope to Suez Canal since the start of February.
Egyptian President Abdel Fattah al-Sisi said in December the disruption cost Egypt around $7 billion in revenue from the Suez Canal in 2024. That's a drop of more than 60% from its revenue a year ...