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Suez Canal

The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The canal is a route of trade between Europe and Asia. It is managed by the state-owned state-owned Suez Canal Authority (SCA).

Suez Canal recovers cost for new Suez Canal project

Suez, Egypt (Ports Europe) January 29, 2019 – Suez Canal Authority has recovered the EGY 20 billion (€992 million/$1.1 billion) cost for the construction...

Ecoslops and Suez Canal Economic Zone to set up unit for treatment unit of maritime oil waste in Port Said

Port Said, Egypt (Ports Europe) January 29, 2019 – Ecoslops and Suez Canal Economic Zone have signed an agreement towards setting up a collection,...

Suez Canal settles dispute with Sewedy Group unit

Suez, Egypt (PortSEurope) December 31, 2018 – The Suez Canal Authority has settled a dispute with a subsidiary of Sewedy Group over the operation of a land...

Suez Canal executes complicated FPSO towing operation

Suez, Egypt (PortSEurope) December 27, 2018 – The Suez Canal Authority has carried out the complicated operation of towing a floating system for the...

Suez Canal studies ways for developing Ain Sokhna project

Suez, Egypt (PortSEurope) December 24, 2018 – The Suez Canal Economic Zone (SCZone) is conducting a study on the mechanism for implementing a partnership...

Agility Public Warehousing considers Suez Canal development

Suez, Egypt (PortSEurope) December 13, 2018 – Kuwaiti integrated logistics company Agility Public Warehousing has signed a strategic partnership deal with...

Saudi Arabia’s Al-Suwaidi to build €492.5 million industrial complex in Suez Canal Economic Zone

Ain Sokhna, Egypt (PortSEurope) December 11, 2018 – Saudi Arabia’s Al-Suwaidi Industrial Development Company has signed an agreement with the Suez...

Suez Canal keeps strategic role for global maritime trade

Suez, Egypt (PortSEurope) December 10, 2018 – The Suez Canal keeps its role as a strategic junction for global merchant maritime traffic, concentrating...

New Horizon Tank Terminal to build liquid bulk terminal in West Port Said

Suez, Egypt (PortSEurope) December 10, 2018 – The Suez Canal Authority has signed an agreement with New Horizon Tank Terminal for the construction of a...

Suez Canal denies media reports about selling 49% of economic zone to another Arab country

Suez, Egypt (PortSEurope) December 7, 2018 – The Suez Canal Authority has denied media reports that the Egyptian government sold 49% of the Suez Canal...

Suez Canal not to lift transit fees in 2019

Suez, Egypt (PortSEurope) December 5, 2018 – Suez Canal Authority has no intentions to increase the transit fees for 2019, in order to keep its...

French Parliament delegation visits Suez Canal Authority

Suez, Egypt (PortSEurope) December 5, 2018 – Suez Canal Authority has received a senior delegation from the National Defense Committee and the Armed Forces...

Suez Canal not finalising talks with DP World for Ain Sukhna development

Suez, Egypt (PortSEurope) December 5, 2018 – Suez Canal Economic Authority spokesperson Hind Fathi has denied reports about the launch of a joint project...

Suez Canal revenues rise 6.8% year-on-year in October

Suez, Egypt (PortSEurope) December 3, 2018 – Suez Canal revenues rose to $506.1 million (€445.9 million) in October from $473.9 million (€417.5...

Suez Canal to invest €9.8 million in West Port Said berths upgrade

Suez, Egypt (PortSEurope) November 26, 2018 – Egypt’s Suez Canal Economic Zone has allocated EGP 200 million ($11.2 million/€9.8...

Suez Canal eyes cooperation with Asian Infrastructure Investment Bank

Suez, Egypt (PortSEurope) November 21, 2018 – Egypt’s Suez Canal Economic Zone is looking forward to cooperating with the Asian Infrastructure...

Suez Canal to facilitate investments in Africa

Suez, Egypt (PortSEurope) November 21, 2018 – Suez Canal Authority aims to focus its efforts into facilitating investments in Africa, the president...

Suez Canal expects $6 billion revenue in 2018

Suez, Egypt (PortSEurope) November 14, 2018 – Suez Canal Authority expects its revenue to rise to $6 billion (€5.3 billion) this year from $5.5...

Suez Canal participates in China International Import Forum

Suez, Egypt (PortSEurope) November 7, 2018 – Suez Canal Economic Authority has participated in the China International Import Expo (CIIE) held in Shanghai...

South Korea’s KT to establish ICT infrastructure in Suez Canal

Suez, Egypt (PortSEurope) October 30, 2018 – South Korean telecoms company KT Corporation (formerly Korea Telecom) plans to establish an information and...

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