Suez Canal

Egypt’s Minister of Planning and Economic Development, Rania Al-Mashat, emphasized the far-reaching economic benefits of the newly brokered Gaza peace deal in a Bloomberg interview with anchor Joumanna Bercetche. Al-Mashat …

Egypt’s economy is expected to see a positive rebound in the upcoming fiscal years, with the World Bank forecasting a GDP growth rate of 3.5% for FY2024/25, improving to 4.2% …

  The Suez Canal Economic Zone (SCZONE) has joined forces with Suez Steel Company to drive a significant upgrade in Egypt’s critical maritime infrastructure, signing a preliminary contract to operate …

  Egytrans, a leader in Egypt’s transportation sector, has achieved remarkable growth in the first quarter of the 2024-2025 fiscal year. The company reported a stunning 9.5-fold increase in profits, …

Egypt’s economy demonstrated signs of resilience in the fiscal year 2023/2024, despite facing several challenges. While the overall GDP growth rate slowed down compared to the previous year, key sectors, …

SCZone has announced the launch of SCZone Istithmar Company, an investment firm that will manage the economic zone’s current and future investments strategically. The new company aims to partner with …

Yesterday, President Abdel Fattah El-Sisi witnessed the inauguration of the quartz production complex in Ain Sokhna, in the Suez governorate. President Abdel Fattah El Sisi opened the primary crushing factory …

Chairman of the Suez Canal Authority Osama Rabie checked up on the building of the tugboats “Mohamed Negm”, “Mohamed al-Ghamry”, and “Galal El Dib” at the Port Said Shipyard. The …

Suez Canal revenues hit a record $2.3 bn in Q1 of 2023, according to the navigation traffic report released by the Suez Canal Authority (SCA).  The report reviewed by the …

The Suez Canal Economic Zone (SCZONE) announced that it received the HARMONY V cruise ship at dawn of last Saturday. HARMONY V is a modern elegant yacht with a sleek …