Suez Canal
The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The canal is a route of trade between Europe and Asia. It is managed by the state-owned state-owned Suez Canal Authority (SCA).
Saudi Arabia’s Al-Suwaidi to build €492.5 million industrial complex in Suez Canal Economic Zone
Ain Sokhna, Egypt (PortSEurope) December 11, 2018 – Saudi Arabia’s Al-Suwaidi Industrial Development Company has signed an agreement with the Suez...
Suez Canal keeps strategic role for global maritime trade
Suez, Egypt (PortSEurope) December 10, 2018 – The Suez Canal keeps its role as a strategic junction for global merchant maritime traffic, concentrating...
New Horizon Tank Terminal to build liquid bulk terminal in West Port Said
Suez, Egypt (PortSEurope) December 10, 2018 – The Suez Canal Authority has signed an agreement with New Horizon Tank Terminal for the construction of a...
Suez Canal denies media reports about selling 49% of economic zone to another Arab country
Suez, Egypt (PortSEurope) December 7, 2018 – The Suez Canal Authority has denied media reports that the Egyptian government sold 49% of the Suez Canal...
Suez Canal not to lift transit fees in 2019
Suez, Egypt (PortSEurope) December 5, 2018 – Suez Canal Authority has no intentions to increase the transit fees for 2019, in order to keep its...
French Parliament delegation visits Suez Canal Authority
Suez, Egypt (PortSEurope) December 5, 2018 – Suez Canal Authority has received a senior delegation from the National Defense Committee and the Armed Forces...
Suez Canal not finalising talks with DP World for Ain Sukhna development
Suez, Egypt (PortSEurope) December 5, 2018 – Suez Canal Economic Authority spokesperson Hind Fathi has denied reports about the launch of a joint project...
Suez Canal to invest €9.8 million in West Port Said berths upgrade
Suez, Egypt (PortSEurope) November 26, 2018 – Egypt’s Suez Canal Economic Zone has allocated EGP 200 million ($11.2 million/€9.8...
Suez Canal eyes cooperation with Asian Infrastructure Investment Bank
Suez, Egypt (PortSEurope) November 21, 2018 – Egypt’s Suez Canal Economic Zone is looking forward to cooperating with the Asian Infrastructure...
Suez Canal to facilitate investments in Africa
Suez, Egypt (PortSEurope) November 21, 2018 – Suez Canal Authority aims to focus its efforts into facilitating investments in Africa, the president...
Suez Canal expects $6 billion revenue in 2018
Suez, Egypt (PortSEurope) November 14, 2018 – Suez Canal Authority expects its revenue to rise to $6 billion (€5.3 billion) this year from $5.5...
Suez Canal participates in China International Import Forum
Suez, Egypt (PortSEurope) November 7, 2018 – Suez Canal Economic Authority has participated in the China International Import Expo (CIIE) held in Shanghai...
South Korea’s KT to establish ICT infrastructure in Suez Canal
Suez, Egypt (PortSEurope) October 30, 2018 – South Korean telecoms company KT Corporation (formerly Korea Telecom) plans to establish an information and...
Suez Canal agrees German investments worth $75 million
Suez, Egypt (PortSEurope) October 30, 2018 – Suez Canal Authority president Mohab Mamesh has said the institution has agreed with two German companies...
Damietta port may reduce fees
Suez, Egypt (PortSEurope) October 22, 2018 – The decision of Suez Canal Authority to reduce port fees at East Port Said has caused reactions by...
Suez Canal Authority and Bolloré discuss cooperation
Port Said, Egypt (Ports Europe) October 1, 2018 – The Head of the Suez Canal Authority and the Suez Canal Economic Zone (SCZ), Mohab Mamish, has met...
Suez Canal increases discounts for LNG carriers
Port Said, Egypt (Ports Europe) September 27, 2018 – The Suez Canal Authority has decided to increase the port fee discount for liquefied natural gas (LNG)...