The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.

An illustration of opening of the Suez Canal in 1869 Public domain via Wikimedia Commons On November 17, 1869, the esteemed guests of Ismaʻil Pasha, Ottoman viceroy of Egypt, gathered on the ...

And cargo ships plying the Europe-Asia route through the Suez Canal can take the long way around Africa. Those alternatives are often slower—adding up to 15 days on some Europe-Asia routes—and ...

Revenue from the Suez Canal is a major source of income for Egypt, which is already in the midst of a financial crisis. (Israel will be less affected, with only about 5% of its trade passing ...