CAIRO: Egypt’s Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo ship the Ever Given. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 per cent of global maritime trade and is a source of much-needed foreign … Read more
Financial regulators in the United Arab Emirates (UAE) have reached an arrangement to officially enable and support crypto trading in an economic-free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) reveals that it had signed an agreement with the Securities and Commodities Authority (SCA) of UAE to benefit from the regulation and trading … Read more
ISMAILIA, (Egypt): Egypt’s Suez Canal Authority (SCA) held a ceremony on Wednesday to celebrate the recent arrival of a cutter suction dredger (CSD) named Hussein Tantawy. The ceremony was attended by SCA Chairman Osama Rabie and Egyptian Prime Minister Mostafa Madbouly, who hoisted the national flag of Egypt on the new dredger. “The dredger is … Read more
