Suez Canal | TRT Afrika

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Egypt holds trial run on new Suez Canal extension

Egypt holds trial run on new Suez Canal extension

The extension is meant to boost the canal's daily capacity and enhance the management of potential emergencies, the authorities say.

Suez Canal disruption costs Egypt $7b in revenue: Sisi

Suez Canal disruption costs Egypt $7b in revenue: Sisi

Egypt's President Abdel Fattah al-Sisi has said that his country has lost approximately $7 billion in revenue due to disruption of transportation through the Red Sea.

Suez Canal revenue down by $6b: Egypt's Sisi

Suez Canal revenue down by $6b: Egypt's Sisi

Revenue earned from the Suez Canal has decreased by $6 billion in recent times over tensions in the Middle East, Egypt's President Abdel Fattah al-Sisi said on Sunday.

Egypt says 'hardest hit' by Red Sea disruption

Egypt says 'hardest hit' by Red Sea disruption

Egypt says it is the "hardest hit" nation due to the ongoing disruption of ship movement in the Red Sea as a result of Houthi attacks.

Egypt's Suez Canal income falls due to Red Sea attacks

Egypt's Suez Canal income falls due to Red Sea attacks

The canal is a crucial source of foreign currency for Egypt, which is currently grappling with a severe financial crisis.

Egypt's Suez Canal revenues drop 50% amid Red Sea tensions

Egypt's Suez Canal revenues drop 50% amid Red Sea tensions

Egypt has suffered revenue loss amounting to between 40-50% of its $10 billion annual earnings from the Suez Canal as tensions mount along the Red Sea

The Red Sea crisis and what it means for Africa

The Red Sea crisis and what it means for Africa

It's estimated that up to 15% of the global trade, worth around $1 trillion goes through the Red Sea, with five out of the eight countries adjacent to it being African.

Egypt tows stranded ship from Suez Canal

Egypt tows stranded ship from Suez Canal

The China-bound ship had reportedly suffered engine failure.