The Suez Canal has long stood as one of the world’s most vital maritime arteries. For decades, its economic model has relied primarily on transit fees collected from vessels passing through its waters—a revenue stream that, while substantial, is inherently limited due to fluctuations in global shipping demand and competition from alternative routes.

The Suez Canal Authority (SCA) inked a memorandum of understanding (MoU) with the Namibian Ports Authority (Namport) to strengthen cooperation in port development, marine construction, and maritime training.

The Suez Canal Authority (SCA) and A.P. Moller-Maersk Group signed a partnership agreement for the return of Maersk-affiliated container vessels through the Suez Canal in early December.

The Ministry of Petroleum and Mineral Resources and the Suez Canal Authority (SCA) signed a memorandum of understanding (MoU) to establish a liquefied natural gas (LNG) station in Port Said

Suez Canal witnesses transit of world’s largest container ship

The Suez Canal activity retreated by 52% year on year (YoY) in fiscal year (FY) 2024/2025 amid continued global uncertainty and the geopolitical tensions in the region, the Ministry of Planning, Economic Development, and International Cooperation announced.

Egypt’s real gross domestic product (GDP) growth is expected to hit 4.8% in fiscal year (FY) 2025/2026 and 5.1% in FY 2026/2027, the Central Bank of Egypt (CBE) highlighted in its Monetary Policy Report for the second quarter (Q2) of 2025.

The Egyptian economy witnessed remarkable developments during the first nine months of fiscal year (FY) 2024/2025, with current account deficit retreating by 22.6% to $13.2 billion from $17.1 billion in the same period of FY2023/2024, the Central Bank of Egypt’s (CBE) data showed.

The Suez Canal has witnessed the transit of the container ship CMA CGM ZEPHYR as part of the southern convoy transiting through the new canal on its voyage from Singapore to the Alexandria Port

The International Monetary Fund (IMF) expected the Suez Canal revenues to drop to $3.6 billion in fiscal year (FY) 2024/2025, compared to $6.6 billion at the end of FY2023/2024

Suez Canal activity dropped by 23.1% year on year in the third quarter (Q3) of fiscal year (FY) 2024/2025.

The Suez Canal Authority (SCA) successfully managed the grounding of the RED ZED 1 diving vessel in just 60 minutes with no injuries or human losses reported.

The Suez Canal Authority (SCA) Chairman Ossama Rabie has called A.P. Moller-Maersk Group to take positive decisions and amend its shipping schedules by gradually resuming transiting via the Suez Canal amid stability in the Red Sea region.

The Suez Canal Authority (SCA) has announced a 15% discount on transit fees for container ships with a net tonnage of 130,000 tons or more for 90 days.

Egypt’s balance of payment (BoP) recorded an overall deficit of $502.6 million in the first half (H1) of fiscal year (FY) 2024/2025, compared to $409.6 million in H1 of FY 2023/24

US President Donald Trump proposed that American military and commercial ships be granted free passage through both the Panama Canal and the Egyptian Suez Canal.

Egypt’s gross domestic product (GDP) growth rate recorded 4.3% in the second quarter (Q2) of fiscal year (FY) 2024/2025.

Egypt incurs monthly losses estimated at nearly $800 million in Suez Canal revenue due to the current situation in the region

Chairman of the Suez Canal Authority (SCA) Osama Rabie announced the start of the actual operation of the Suez Canal duplication project within the southern sector, enhancing navigation for global trade.

Traffic through the Suez Canal is expected to gradually return to normal by late March, with a full recovery anticipated by mid-2025, provided the ceasefire in Gaza continues.