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A tugboat is pictured during a launching ceremony at the South Red Sea Shipyard in the Red Sea Governorate, Egypt, on April 23, 2025. (Xinhua/Ahmed ...
A main source of foreign currency for Egypt, Suez Canal revenues have sharply plummeted amid Houthi attacks on shipping in ...
Egypt's Ministry of Petroleum and Mineral Resources announced the signing of contracts for the Egyptian-Chinese joint venture ...
ISMAILIA - Suez Canal Authority (SCA) Chairman Osama Rabie said on Wednesday there is a slight improvement in navigation ...
Six Russians died on Thursday and 39 foreign tourists were rescued when a viewing submarine sank off the Egyptian Red Sea ...
Chairman Osama Rabie announced Wednesday that the number of ships passing through the Suez Canal during the first quarter of ...
IATA does not expect to lower its air cargo demand forecast on account of ocean shipping's eventual return to the Red Sea ...
Ras Hankorab Beach, a pristine spot on southern Egypt's Red Sea coast with crystal clear waters and flat white sands, is the ...
The Associated Press - Business News on MSN8d
Egypt's revenue from Suez Canal plunged sharply in 2024
The International Monetary Fund reported in March 2024 that the Suez Canal trade dropped by 50 per cent in the first two months of that year, compared to the previous year, citing attacks on vessels ...
AP Moller-Maersk was downgraded to hold from buy by Arctic Securities. Analyst Kristoffer Barth Skeie said the escalating ...
SCA Chairman Osama Rabie announced during Wednesday's launching ceremony that the two tugs, built at the South Red Sea Shipyard in the Red Sea governorate with a bollard pull of 90 tonnes each, will ...
Washington should encourage its European allies to take a larger role not only in Ukraine, but also the Red Sea to deter the ...