Egypt

Egypt recovers 2,700-year-old sarcophagus lid from US

Egypt announced on Jan. 2 the recovery of a sarcophagus lid dating back nearly 2,700 years that it said had been smuggled out and put on display at a museum in the United States.

Egyptian Foreign Minister Sameh Shoukry announced the recovery of the artifact, known as the "Green Sarcophagus," during a televised press conference.

Egypt to raise Suez Canal transit fees for ships in 2023

Egypt has said that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world's most crucial waterways.

The Suez Canal Authority said in a statement on Sept. 17 that it will add 15 percent to the fees for tankers carrying oil and petroleum products, and 10 percent for dry bulk carriers and cruise ships.

Ministry returns Egyptian artifacts

The Turkish Culture and Tourism Ministry has returned Egypt's stolen artifacts to the country.

The artifacts, such as the Kaaba key and an embroidered bag, which were found in a cargo package sent from Egypt last year, were returned by Gökhan Yazgı, the head of the Directorate General of Cultural Assets and Museums of the ministry.

Suez Canal records highest ever annual revenue of $7 bln

Egypt's Suez Canal Authority announced yesterday an all-time revenue record, earning $7 billion during the last fiscal year following a series of toll hikes for vessels transiting the vital waterway.    

Between July 2021 and June 2022 - Egypt's fiscal year - some 1.32 billion tons of cargo were shipped through the canal, Suez Canal Authority (SCA) chief Osama Rabie said.    

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