Work is under way to expand the two-way section of the Suez Canal by 10 kilometres, but widening the whole waterway is too expensive to be viable, the chairman of the authority managing the Egyptian waterway said on Tuesday.
Fourteen per cent of the dredging work has been completed to add a second lane to portions of Egypt’s vital waterway, which became blocked by the Ever Given container ship last year, holding up maritime shipping for six days.
Speaking at a press conference on Tuesday, Suez Canal Authority (SCA) Chairman Admiral Osama Rabie said it would be too expensive to add a second lane to all 193km of the canal, which connects the Mediterranean Sea and the Red Sea.
Currently, the majority of the canal's length comprises a single traffic lane, with two bypasses that allow two ships to move in opposite directions.
Mr Rabie said that 11 million cubic metres of sediment had been removed from the canal since expansion efforts started last year.
This year, the SCA will be intensifying its efforts to ensure traffic is not impeded should a blockage occur.
Despite the Ever Given container ship running aground, the canal posted a record $6.3 billion in profit last year, an increase of nearly 13 per cent from 2020.
Mr Rabie said on Tuesday that several new dredging ships would be joining the ongoing expansion of the canal. He explained that this was being done to ensure that the plan sticks to its intended completion date of July 2023.
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SPECS
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Zayed Sustainability Prize
The schedule
December 5 - 23: Shooting competition, Al Dhafra Shooting Club
December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq
December 11 - 20: Dates competition, from 4pm
December 12 - 20: Sour milk competition
December 13: Falcon beauty competition
December 14 and 20: Saluki races
December 15: Arabian horse races, from 4pm
December 16 - 19: Falconry competition
December 18: Camel milk competition, from 7.30 - 9.30 am
December 20 and 21: Sheep beauty competition, from 10am
December 22: The best herd of 30 camels
More on Quran memorisation:
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Uefa Champions League last 16 draw
Juventus v Tottenham Hotspur
Basel v Manchester City
Sevilla v Manchester United
Porto v Liverpool
Real Madrid v Paris Saint-Germain
Shakhtar Donetsk v Roma
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Bayern Munich v Besiktas
Who's who in Yemen conflict
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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
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- Is there a God?
- How did it all begin?
- What is inside a black hole?
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- Is time travel possible?
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Name: GiftBag.ae
Based: Dubai
Founded: 2011
Number of employees: 4
Sector: E-commerce
Funding: Self-funded to date
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Third Test
Day 3, stumps
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Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013