Suez Canal revenues to hike to $7B by end of 2022

Sun, 16 Jan 2022 - 03:21 GMT

The Egyptian Suez Canal Authority is considering granting reductions in transit fees ranging from 10 to 20 percent for ships that comply with environmental standards.

Suez Canal achieves highest-ever revenue at $6.3B

Sun, 02 Jan 2022 - 01:28 GMT

Rabie clarified that the revenues during 2021 hiked by 12.8 percent, or $720 million, compared to $5.6 billion during 2020.

Suez Canal revenues increased 12.4% to $551.1M in October

Tue, 02 Nov 2021 - 02:06 GMT

The navigation statistics in the Suez Canal recorded unprecedented records during October 2021, achieving the highest monthly tonnage in the history of the canal, amounting to 112.1 million tons, according to head of the Suez Canal Authority, Osama Rabie.

Suez Canal revenues rise to $5.1B in 10 months

Wed, 27 Oct 2021 - 02:47 GMT

The head of the authority said in a statement, Wednesday that the rate of increase in revenues amounted to 12.6 percent.

Egypt to increase Suez Canal's revenues by 5.6% in 21/22

Sun, 29 Aug 2021 - 03:47 GMT

El-Said explained that the output of the Suez Canal will thus rise from LE 93.9 billion in 20-2021 to LE 99.3 billion in the year of the plan, exceeding the output achieved before the outbreak of the Corona pandemic in 18/2019.

Gov’t denies rumors in video claiming lack of New Suez Canal’s feasibility

Tue, 10 Aug 2021 - 02:34 GMT

The media center at the Egyptian cabinet denied baseless information circulated in a video claiming that the new Suez Canal has not achieved any increases in the canal’s revenues.

Suez Canal revenues estimated to rise by 10% in FY2021/22

Thu, 05 Aug 2021 - 12:33 GMT

The official pointed out that the Suez Canal accomplished revenues worth $530.7 million in FY2020/2021 with a hike of 20.7 percent.

Egypt achieves LE 93.1B primary surplus in 2020/21, revenues increases 12%

Thu, 29 Jul 2021 - 04:24 GMT

Maait said in a statement Thursday that state revenues grew at an annual growth rate of 12.2 percent during the last fiscal year, with an increase of LE 119 billion, and expenditures increased by 9 percent.

Egypt succeeded in increasing state revenues by LE 119B: Maait

Sun, 25 Jul 2021 - 06:02 GMT

Maait also noted Expenditures also rose by 9 percent, in addition to achieving a primary surplus in the budget of about 93.1 billion pounds, or 1.4 percent of GDP, while reducing the total deficit from 8 percent to 7.4 percent.

Egypt's profits from Sokary Gold Mine over past decade are $550M

Tue, 13 Jul 2021 - 12:09 GMT

Currently, the company is working towards the target of producing 400,000 and 430,000 gold bars by the end of 2021.

Suez Canal records highest annual revenues in its history $5.84B during 2020/21.

Sun, 11 Jul 2021 - 02:03 GMT

The net tonnage transiting the canal during the first half of 2021 increased by 3.8 percent, by 610.1 million tons during the first half of the current year, compared to 587.7 million tons during the same period of last year, with an increase of 22.4 million tons.

Egypt's average loss of Suez Canal blockage hits $52M in 4 days

Mon, 29 Mar 2021 - 01:00 GMT

Head of the Suez Canal Authority, Lieutenant-General Osama Rabie stated that Egypt’s average daily loss due to the blockage of the Suez Canal hits $ 13 million.

Egypt's revenues hike to LE 453B in first half of 2020/2021

Thu, 25 Mar 2021 - 11:04 GMT

Egypt's revenues during the first half of the current fiscal year increased by 16 percent on an annual basis, according to Ministry of Finance.

Alexandria customs revenues hit LE 7B in February

Thu, 18 Mar 2021 - 12:00 GMT

Customs certificates worth LE 1.922 billion have been issued for imports at Alexandria port, the statement said.

Revenues from smoke customs in Cairo hit LE 236.75M during February

Wed, 03 Mar 2021 - 11:49 GMT

“Smoke exports at the General Administration of Smoke Customs in Cairo amounted to about LE 4.67 million,” it added.

Telecom Egypt records net profit of LE4.9B, consolidated revenue hikes 24%

Wed, 24 Feb 2021 - 03:36 GMT

The company added that its consolidated revenue reached LE 31.9 billion during 2020, with an annual increase of 24 percent.

Suez Canal achieves increase in revenues by 4.5 percent

Mon, 22 Feb 2021 - 12:20 GMT

Rabie further said that the canal has achieved the highest daily revenues on February 5 since Coronavirus outbreak, as it achieved $22.2 million.

Egypt's revenues hike to LE 453B in 1st half of 20/21, expenditures record LE 681.2B

Thu, 14 Jan 2021 - 02:13 GMT

Total tax revenues rose by about 10 percent during the period from July to December 2020 to reach about LE 334 billion, compared to about LE 304 billion during the same period of the previous fiscal year.

Suez Canal Authority records revenues worth $5.61B in 2020

Sun, 03 Jan 2021 - 03:14 GMT

That is the third highest in the international waterway's history dating back to 1869.

Egypt's revenues reach LE975.4B in 2019/20

Thu, 24 Dec 2020 - 05:56 GMT

The ministry clarified in the concluding statement of the general state budget for 2019/2020 that tax revenues increased 0.5 percent to hit LE 739.6 billion, compared to LE 736 billion.