E-PaperSuez Canal News
Record revenues flow from Suez despite megaship blockage
Authorities netted the highest revenues in the history of the canal, hitting $5.84 billion, over two per cent up from the previous year
1 min read11 Jul 2021Egypt mourns more than 300 killed in mosque attack
Egypt mourned on Saturday as the death toll from a gun and bomb assault at a mosque in the Sinai Peninsula soared above 300, including children
3 min read25 Nov 2017Egypt opens $8 billion ‘New Suez Canal’ in boost to El-Sisi
The new canal allows two-way traffic and reduces transit time to 11 hours from 18
4 min read6 Aug 2015Egypt says ‘new Suez Canal’ ready for business
The 72-km section is built for speeding up traffic along the existing waterway by reducing the waiting period, as well as boosting revenues
1 min read29 Jul 2015Egypt completes first trial run of ‘new Suez canal’
Dubbed the Suez Canal Axis, the new 72km project is aimed at speeding up traffic along the existing waterway
1 min read25 Jul 2015India to use road link to access CIS market
A dry run shows costs of shipment could fall by 40% if the road route is used instead of the Suez Canal
3 min read25 Dec 2014Egypt to dig new canal alongside Suez Canal
This giant project will be the creation of a new Suez Canal parallel to the current channel of a total length of 72 kilometres, says Suez Canal Authority
1 min read5 Aug 2014Egypt sentences 26 to death over Suez plot: report
The court referred the verdict to the mufti and set 19 March for the final verdict
1 min read26 Feb 2014Egypt military bolsters Suez security after failed attack
Keeping canal traffic flowing normally became a concern even before Morsi was deposed
2 min read1 Sep 2013Violence overshadows new Egyptian cabinet; 7 killed
Authorities arrest 400 people over clashes that took place in Cairo overnight
5 min read16 Jul 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared