Latest in Tag: Suez Canal Authority Highlight
Latest in Tag: Suez Canal Authority
International Chamber of Shipping, SCA sign MoU to enhance cooperation
The agreement focuses on safety, pricing, and decarbonisation, among other priorities.
Al-Sisi extends tenure of Suez Canal Authority, Financial Regulatory leaders
Prime Minister extends term of Egyptian Exchange Chairperson for further 4 years
Egypt’s Suez Canal Authority announces solution on impounded Ever Given
Solution is satisfactory to both parties, and includes resolution without need for court involvement, says Osama Rabie
Egypt’s Suez Canal Authority, Japan exchange views on strengthening bilateral cooperation
Suez Canal is very important international sea lane for maritime logistics, says Ambassador Noke Masaki
TE, Suez Canal Authority sign agreement to establish fibre optic cable route
The agreement will establish a new path for fibre-optic cables for internet services between the Red Sea and the Mediterranean Sea via the Al-Morshedeen Road.
SCA investments stand at EGP 16.9bn in FY 2020/21: Planning Ministry
SCA is one of Egypt’s important foreign exchange inflows sources, generating revenues of $5.73bn in FY 2018/19, says Hala El-Said
Osama Rabie appointed new chairperson of Suez Canal Authority
Yehia Zaki was appointed as the Chairman of the Suez Canal Economic Zone (SCZone) per the decree.Â
EGP 10bn expansion of El Sokhna Port underway: Mamish
DP World Sokhna boosts its production by $8.4m worth mobile cranes
Egypt targets to raise Suez Canal’s revenues by $1bn
The Suez Canal Authority (SCA) targets to raise the Suez Canal’s revenues by $1bn, according to Mohab Mamish, the chairperson of SCA. He added on Wednesday during a seminar held by the Canada Egypt Business Council (CEBC) on investment in the Suez Canal Economic Zone (SCZone), that the canal achieved revenues worth $600m during the …
Mamish, Nasr discuss investment opportunities in Suez Canal with Vietnamese prime minister
Mamish and Nasr agreed with Vietnamese ministers of investment and transportation to sign 5 MoUs on investment, stock exchange, and cooperation in ports
Government signs contracts with 6 companies in SCZone worth EGP 3bn
A factory will be opened in December, will cost EGP 5.5bn, and will produce 830,000 tonnes of billet, 550,000 tonnes of steel bars
Suez Canal Authority studies collecting fees in yuan after adding it to SDR units
This move would aim to enhance the flexibility of collection
320 ships transit Suez Canal, Chinese yuan to be added to SDR fees calculator unit
Suez Canal traffic data showed that 320 ships transited the canal, with a total load of 18.22m tonnes, from 22 to 29 September. It was decided that the International Monetary Fund (IMF) will activate its decision to include the Chinese yuan in the Special Drawing Rights (SDR) unit in October. SDR is the calculation unit …
Suez Canal Authority discounts target ships passing through US east coast, east Asia ports
The discounts currently being studied by the authority target shipping lines that include 20-30 long-haul ships, say sources
Suez Canal Authority plans to establish shipyard to build, repair ships in Port Said
The new shipyard will not be limited to ship repair and shipbuilding—like the current one which only services Suez Canal marine equipment—but will rather serve investment as well, Mamish added during a meeting with MPs from the three canal cities: Suez, Port Said, and Ismailia
Suez Canal Authority receives offers to build 4 new locomotives at €40m
The winning offer will be decided by the first half of this year, the sources said, to ensure fast implementation and delivery
SCA signs settlement with Mashreq Petroleum to withdraw concession lands
Lands are allocated to establish a terminal for storage and handling of liquid casting products and ships provision with fuel
Suez Canal Authority signs settlement agreement with Suez Canal Container Terminal
Agreement provides for General Authority and Suez Canal Economic Zone to take back area of 225,000sqm for benefit of national economy
New Suez Canal rescued waterway from failure to accommodate international trade growth: SCA
165% increase in loads over 32 years assures the continuation of the trade growth transiting the canal
Dcode studiesEFC: Why is the Suez Canal important to the Egyptian economy?
Dcode Economic and Financial Consultancy has conducted a study to examine the significance of the new Suez Canal project to the economy.
New Suez Canal to ‘alter balance of power’: Political expert
National project seeks to boost Egypt’s struggling economy, along with political support domestically and internationally
Suez Canal: A cruise to the past
It took a long journey for the Suez Canal to reach its current state today, a journey witnessing several closings and instability of the canal’s operations. Today, Egypt celebrates the opening of the canal’s expansion
Large number of funds, little information reduces citizens’ turnout to donate: Experts
Farhet Misr Fund should be subject to supervision by Central Auditing Organization (CAO), says banking expert Basant Fahmy
Omega Soft provides Suez Canal with 45 applications for free
We offered SCA to manage and operate the Suez Canal through the company’s applications and IT solutions
460 fish farming ponds to be established in Suez Canal
Fish farm production should coincide with new Suez Canal’s opening on 6 August, says SCA head
Suez Canal ceremony expenses collected: Canal Authority official
Donations ranged between $250,000 and $1m, the official noted
Omega Soft, Suez Canal Authority negotiate to supply financial, administrative solutions
Company will grant licences and solutions for Applied Systems free of charge for new Suez Canal project
Suez Canal is most important project in Economic Summit: SCA President
The canal projects are realistic and their requirements are available, affirms Mohab Mamish
Transport ministry, Suez Canal Authority reject Port Said pier allocation to import gas: Petroleum ministry
Ain Sokhna port to accommodate two ships, as Port Said is not economically feasible, says Dahi
Saudi Arabian firm investing in Suez Canal targets EGP 300bn in capital: Sheikh Kamel
Egyptian government looks to solve problems with Saudi investors