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Suez Canal Authority: Revenues Drop 40% Since Beginning of the Year

Dollar revenues from Egypt's Suez Canal have dropped 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday. The drop was reported after attacks on ships in the Red Sea by Yemen's Houthis which caused major shippers to divert away from the route, according to Reuters. Rabie said in a late television program that ship transit traffic declined 30% between Jan. 1 and 11 compared to a year prior. He said the number of vessels to pass through ...
Red Sea Djibouti General As Suways Suez Canal Osama Rabie Good Hope
Source: aawsat.com

Madbouly: State pays attention to developing SCZone to attract foreign investments

Prime Minister Mostafa Madbouly said his visit on Thursday to the Suez Canal Economic Zone (SCZone) comes within the framework of the keenness of the state on development of the SCZone and providing different potentials and services to promote its ability to attract more foreign investments in the different sectors to support the role of this zone in increasing employment opportunities and supporting exports.
As Suways Kamel El Wazir Sokhna Daqahalia Waleid Gamaleldien Abdullah Abdel Rahman Mostafa Madbouly

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