The Latest Breaking News from Suez Canal

Egypt’s Suez Canal revenue reached $704 million in July, Canal Authority Chairman Osama Rabea said on Tuesday. The figure represents a 32.4% increase from the same month last year, when the canal only recorded $531.8 million. The canal is the fastest shipping route between Europe and Asia and one of…

The US Navy will for the first time reward individuals for providing information that leads to the seizure of illicit cargos such as illegal weapons or narcotics in waters across the Middle East, it said on Tuesday. The US Naval Forces Central Command (NAVCENT), which is headquartered in Bahrain and…

Egypt's Suez Canal Economic Zone (SCZONE) and H2-Industries have signed a memorandum of understanding (MoU) to build a waste-to-hydrogen facility at a greenfield site in east Port Said with an estimated cost of $4 billion, an SCZONE statement said on Wednesday. The project targets production capacity of 300,000 tons of…

Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues are expected to reach between $10 billion and $12 billion by then, despite the Ukrainian crisis, he added. Egypt's fiscal year runs…

Egyptian President Abdel Fattah al-Sisi expressed hopes for deeper U.S. counter-terrorism ties during talks with a top American general on Monday, following a deadly weekend attack by militants in the Sinai peninsula, a U.S. military official said on Monday.

An Islamic State affiliate in Egypt is claiming responsibility for an attack that targeted a water pumping station east of the Suez Canal, killing at least 11 soldiers

The US has condemned a deadly terrorist attack on the Suez Canal zone abutting Egypt’s Sinai Peninsula. Eleven Egyptian soldiers were killed and five soldiers were wounded in the firefight on the eastern bank of the canal, the army said, adding security forces were "continuing to chase the terrorists and…

Egypt’s military says at least 11 troops, including an officer, have been killed in a militant attack in the restive northern part of the Sinai Peninsula. The military said in a statement that the militants attacked a water pumping station Saturday east of the Suez Canal. The statement said security…

One officer and ten Egyptian soldiers were killed after "foiling a terrorist attack" on a water-lifting station east of the Suez Canal, an army spokesman said on Saturday.