An incredible new extension to the Suez Canal has passed its first test in a bid to turn around the Egyptian waterway's ...

As part of the capital increase, the bank will distribute free shares at a rate of 0.3 shares for each original share to its shareholders prior to the increase ...

An ambitious plan to build a huge 160-mile canal would bypass the Suez Canal and challenge Egypt's monopoly of the ...

( MENAFN - Daily News Egypt) Suez Canal bank has announced an increase in its issued capital from EGP 5bn to EGP 6.5bn, ...

The proposed route map for the canal includes the central Gaza Strip. It will start in Gaza and join the Gulf of Aqaba.

The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and ...

Political officials in Jerusalem have voiced concern over Egypt’s unprecedented military buildup, including the construction of tunnels and bridges over the Suez Canal. These developments, they warn, ...

According to the Suez Canal Authority, the latest expansion extends the total length of the canal's two-way section to 82km ...

Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) this month as part of an ...

Egypt is set to receive a $1.2 billion disbursement from the IMF as part of an $8 billion program. The agreement follows high inflation and currency shortages, aggravated by a decline in Suez Canal ...

Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the 46-month Extended Fund ...

Egypt, grappling with high inflation, is targeting about $3bn in the remainder of the current fiscal year, which runs until ...