CAIRO: Egypt said on Saturday it had successfully tested a new 10km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi militants began attacking vessels in the Red Sea.
The Suez Canal Authority said in a statement that during a trial run two ships passed through a new stretch of the canal’s two-way section without incident.
Following the 2021 grounding of the container ship Ever Given that blocked the vital waterway for six days, Egypt accelerated plans to extend the second channel in the southern reaches of the canal and widen the existing channel.
Its revenue from the waterway, the gateway to the shortest route between Europe and Asia, has nevertheless tumbled since Yemen’s Houthi militants began attacking ships in the Red Sea in November 2023 in what they say is solidarity with Palestinian militants in Gaza.
Egyptian President Abdel Fattah El-Sisi said on Thursday that due to “regional challenges,” the country had lost approximately $7 billion in Suez Canal revenue in 2024, marking more than a 60 percent drop from 2023.
According to the Suez Canal Authority, the latest expansion extends the total length of the canal’s two-way section to 82 km from a previous 72 km. The canal is 193 km long in total.
“This expansion will boost the canal’s capacity by an additional 6 to 8 ships daily and enhance its ability to handle potential emergencies,” the Suez Canal Authority said in its statement.
Earlier this year, Egypt said that it was considering an additional expansion project separate to the 10 km channel extension.
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Egypt completes trial run of new Suez Canal channel extension
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Egypt completes trial run of new Suez Canal channel extension
- Suez Canal Authority says two ships passed through a new stretch of the canal’s two-way section
- Revenue from the waterway has plunged since Yemen’s Houthi militants began attacking vessels in the Red Sea
Iran FM criticizes Israel for ‘doctrine of domination’
- Doctrine allows Israel to expand its military arsenal while pressuring other countries in the region to disarm
- His remarks came a day after renewed nuclear talks with Washington in Oman
DOHA: Iran’s Foreign Minister Abbas Araghchi on Saturday criticized what he said was a “doctrine of domination” that allows Israel to expand its military arsenal while pressuring other countries in the region to disarm.
His remarks came a day after renewed nuclear talks with Washington, with previous talks collapsing when Israel launched an unprecedented bombing campaign against Iran last June that triggered a 12-day war.
Araghchi was speaking at the Al Jazeera Forum conference in Qatar but made no reference to Friday’s talks with the United States.
“Israel’s expansionist project requires that neighboring countries be weakened: militarily, technologically, economically and socially,” Araghchi said.
“Under this project Israel is free to expand its military arsenal without limits ... Yet other countries are demanded to disarm. Others are pressured to reduce defensive capacity. Others are punished for scientific progress,” he added.
“This is a doctrine of domination.”
During the 12-day war Israel targeted senior Iranian military officials, nuclear scientists and sites as well as residential areas, with the US later launching its own attacks on key nuclear facilities.
Iran responded at the time with drone and missile attacks on Israel, as well as by targeting the largest US military base in the Middle East, located in Qatar.
On Friday, Araghchi led the Iranian delegation in indirect nuclear talks with US Middle East envoy Steve Witkoff in Muscat.
The top Iranian diplomat later described the atmosphere as having been “very positive,” while US President Donald Trump said the talks were “very good,” with both sides agreeing to proceed with further negotiations.
The talks followed threats from Washington and its recent deployment of an aircraft carrier group to the region following Iran’s deadly crackdown on anti-government protests last month.
The United States has sought to address Iran’s ballistic missile program and its support for militant groups in the region — issues which Israel has pushed to include in the talks, according to media reports.
Tehran has repeatedly rejected expanding the scope of negotiations beyond the nuclear issue.
His remarks came a day after renewed nuclear talks with Washington, with previous talks collapsing when Israel launched an unprecedented bombing campaign against Iran last June that triggered a 12-day war.
Araghchi was speaking at the Al Jazeera Forum conference in Qatar but made no reference to Friday’s talks with the United States.
“Israel’s expansionist project requires that neighboring countries be weakened: militarily, technologically, economically and socially,” Araghchi said.
“Under this project Israel is free to expand its military arsenal without limits ... Yet other countries are demanded to disarm. Others are pressured to reduce defensive capacity. Others are punished for scientific progress,” he added.
“This is a doctrine of domination.”
During the 12-day war Israel targeted senior Iranian military officials, nuclear scientists and sites as well as residential areas, with the US later launching its own attacks on key nuclear facilities.
Iran responded at the time with drone and missile attacks on Israel, as well as by targeting the largest US military base in the Middle East, located in Qatar.
On Friday, Araghchi led the Iranian delegation in indirect nuclear talks with US Middle East envoy Steve Witkoff in Muscat.
The top Iranian diplomat later described the atmosphere as having been “very positive,” while US President Donald Trump said the talks were “very good,” with both sides agreeing to proceed with further negotiations.
The talks followed threats from Washington and its recent deployment of an aircraft carrier group to the region following Iran’s deadly crackdown on anti-government protests last month.
The United States has sought to address Iran’s ballistic missile program and its support for militant groups in the region — issues which Israel has pushed to include in the talks, according to media reports.
Tehran has repeatedly rejected expanding the scope of negotiations beyond the nuclear issue.
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