Trends - Suez Canal - Business Recorder

Suez Canal

Fire engulfs police facility in Egypt’s Ismailia, 25 hurt

CAIRO: A huge fire erupted at a police facility in the Egyptian Suez Canal city of Ismailia early on Monday,...

Published 02 Oct, 2023 10:05am

World

Suez Canal ship traffic unaffected after tanker collision

CAIRO: Shipping traffic was flowing normally on Egypt’s Suez Canal on Wednesday, two shipping sources based in the...

Published 23 Aug, 2023 10:18am

World

Thousands of US sailors, Marines reach Red Sea after Iran tensions

DUBAI: More than 3,000 United States military personnel have arrived in the Red Sea aboard two warships, part of a...

Published 08 Aug, 2023 06:37am

World

Suez Canal tugboat sinks after collision with tanker

CAIRO: A Suez Canal tugboat has sunk after colliding with a Hong Kong-flagged LPG tanker in the strategically...

Published 06 Aug, 2023 03:18am

World

Suez Canal traffic resumes after broken down tanker tugged away

ISMAILIA, (Egypt): Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused...

Published 05 Jun, 2023 03:27am

Business & Finance

Egypt’s Suez Canal nets $8bn in new annual record

CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in...

Published 30 Jan, 2023 06:33am

World

Egypt’s Suez Canal nets $8bn in new annual record

CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in...

Published 25 Jan, 2023 08:32pm

World

Another tanker briefly blocks Egypt’s Suez canal

CAIRO: An oil tanker briefly became stuck in Egypt’s Suez Canal on Wednesday night, officials announced, raising...

Published 01 Sep, 2022 09:56am

Business & Finance

Siemens Mobility wins $8.7bn high-speed rail deal in Egypt

BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its...

Published 29 May, 2022 05:50am

Business & Finance

Suez Canal records record monthly revenue in April

CAIRO: Egypt’s Suez Canal Authority announced Sunday an all-time revenue record for April, earning $629 million...

Published 01 May, 2022 05:32pm

World

Ship from same firm that blocked Suez Canal runs aground in US

WASHINGTON: A massive container ship, owned by the same company whose vessel last year blocked the Suez Canal, has...

Published 15 Mar, 2022 11:54am

World

Suez Canal expansion project expected to finish in July 2023

CAIRO: A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023,...

Published 16 Jan, 2022 01:53pm

Business & Finance

Record cargo shipped through Egypt's Suez Canal last year

CAIRO: Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus...

Updated 02 Jan, 2022 06:18pm

World

Iran says thwarts new pirate attack on one of its tankers

TEHRAN: Pirates attempted to seize an Iranian oil tanker in the Gulf of Aden in the second such incident in a...

Published 02 Nov, 2021 12:49pm

‘Suez Canal on rails’ — Egypt signs $4.5bn high-speed rail deal

CAIRO: Egypt has signed a $4.45 billion deal for a high-speed electric rail line to link its Red Sea and...

Published 02 Sep, 2021 04:34am

World

Megaship that blocked Suez heads back to Asia

CAIRO: A super tanker that blocked the Suez Canal is heading back to Asia, authorities said, five months after it...

Published 22 Aug, 2021 04:09am

Business & Finance

Record revenues flow from Suez despite megaship blockage

Around 19,000 ships passed through the canal in 2020, the SCA said, an average of over 50 a day.

Published 11 Jul, 2021 09:31pm

World

Megatanker that blocked Suez Canal to be released

CAIRO: The megatanker retained by Egypt since it blocked the Suez Canal in March will be released Wednesday, after...

Published 05 Jul, 2021 04:57am

Egypt ‘seizes’ megaship over nearly $1bn Suez claim

CAIRO: A megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been 'seized' on...

Published 14 Apr, 2021 03:21am

Business & Finance

Suez Canal shipping backlog to end on Saturday - canal authority

Osama Rabie, chairman of the Suez Canal Authority (SCA), said 85 ships were expected to pass the canal from both sides on Saturday.

Published 03 Apr, 2021 04:18pm

Markets

China’s aluminium imports underpin physical premium surge

LONDON: Japanese aluminium buyers have agreed to pay the highest premium in six years to get their metal in the...

Published 03 Apr, 2021 03:41am

Markets

Asia gasoline crack climbs to 13-month high as outlook improves

SINGAPORE: Asia’s gasoline crack climbed on Thursday for a fourth straight session, climbing to a more than...

Published 02 Apr, 2021 04:58am

World

Investigation begins into how ship got stuck on Suez Canal

The investigation will include examining the seaworthiness of the ship and its captain’s actions to help determine the causes, Rabie advisor Captain Sayed Sheasha said.

Published 31 Mar, 2021 02:11pm

Markets

Oil prices fall as Suez Canal opens

NEW YORK: Oil prices slid on Tuesday as the Suez Canal reopened to traffic and the dollar rallied. Focus in the...

Published 31 Mar, 2021 05:42am

Markets

Lebanon approves crisis funding to avert power blackout

BEIRUT: Lebanon's parliament approved $200 million in emergency funding Monday to stave off a national power cut the...

Published 31 Mar, 2021 05:42am

World

Egypt's Sisi promises investment to avoid Suez closure repeat

Sisi claimed "success" in the operation after the stern was freed, several hours before the bow of the ship was finally dislodged.

Published 30 Mar, 2021 07:07pm

World

Suez Canal races to clear backlog as shipping convoys resume

The blockage threw global supply chains into disarray, threatening costly delays for firms already wrestling with COVID-19 restrictions, and nearly doubled rates for oil product tankers.
The Ever Given's grounding across a southern section of the canal forced a halt to all traffic, leading to a build-up of 422 ships at either end of the canal and along its course.

Published 30 Mar, 2021 06:29pm

Markets

Oil gains as focus switches to OPEC+ extending output cuts

More than 127.43 million people have been reported to be infected by the novel coronavirus globally, and the death toll is approaching 3 million, according to a Reuters tally.

Published 30 Mar, 2021 11:09am

Markets

Australian shares reverse early gains as miners track copper prices lower

Earlier in the day, the company said it would split itself into two separate businesses in a bid to change strategy and reverse a steep share price slump it has faced.

Published 30 Mar, 2021 10:41am

World

Joy as megaship refloated, Suez Canal reopens to traffic

ISMAILIA, (Egypt): The MV Ever Given was refloated and the Suez Canal reopened to traffic Monday, sparking relief...

Published 30 Mar, 2021 05:45am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 3 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 3 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 3 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 3 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 3 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 3 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 3 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 3 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 3 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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Suez Canal

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