Revenues

Report: Egypt aims to achieve 4.1% economic growth rate during 2023/2024

Tue, 27 Feb 2024 - 12:14 GMT

The report explained that the target unemployment rate for the year of the plan is between 7.3% - 7.6%, while the target is to achieve an inflation rate of 16%.

Global sports industry revenue hits $600B in 2021: SWA Sports President at IATF2023

Tue, 14 Nov 2023 - 09:24 GMT

Shuaibu shared these insights during a panel titled "The Business of Sports Masterclass" as part of the IATF2023 activities, emphasizing that revenue generation is a crucial factor for Africa.

Egypt transforms FY2021/2022 deficit into surplus of $882M in FY2022/2023, CBE

Sun, 08 Oct 2023 - 04:39 GMT

Egypt's tourism sector also reported strong growth, with revenues increasing by an impressive 26.8 percent on a yearly basis in FY2022/2023, soaring to $13.6 billion

Suez Canal achieves $50 bln in revenues in 10 years

Mon, 03 Jul 2023 - 09:19 GMT

The canal was able to overcome the fluctuations in the global economy after the Corona pandemic and the repercussions of the Russian-Ukrainian war.

$50 billion in revenues from the Suez Canal in 10 years

Mon, 03 Jul 2023 - 09:19 GMT

The canal was able to overcome the fluctuations in the global economy after the Corona pandemic and the repercussions of the Russian-Ukrainian war.

Egyptian Suez Canal's annual revenue at all-time high

Thu, 22 Jun 2023 - 01:21 GMT

The ongoing development of the southern part [of the maritime course] will increase the capacity of ship transit through this part, and increase the navigational safety factor by 28 percent, according to Admiral Rabie, noting that the project of expansion is expected to complete in one month and a half.

Finance Min.: Egypt's 2024 budget aims to encourage private sector to increase spending in infrastructure

Fri, 19 May 2023 - 08:18 GMT

The Egyptian Minister of Finance, Dr. Mohamed Maait, said, in the financial statement on the state’s draft general budget for the fiscal year 23/24 submitted to the House of Representatives.

Finance Min.: Egypt's 2024 budget aims to encourage private sector to increase spending in infrastructure

Fri, 19 May 2023 - 08:17 GMT

The Egyptian Minister of Finance, Dr. Mohamed Maait, said, in the financial statement on the state’s draft general budget for the fiscal year 23/24 submitted to the House of Representatives.

Egypt's tourism revenues jump to $7.3B in H2 of 2022

Wed, 03 May 2023 - 04:52 GMT

The CBE attributed the hike in tourism revenues to the increase in the number of tourist nights by 27.2 percent on an annual basis, to record about 78.4 million nights, and the increase in the number of tourists coming to Egypt by 27.5 percent, to reach about 6.8 million tourists.

Suez Canal revenues record LE 22.7 bln last February: CAPMAS

Mon, 24 Apr 2023 - 10:54 GMT

The agency showed that the revenues were about L.E. 8.6 billion in the same month in 2022, recording an increase of about L.E. 14.1 billion.

Suez Canal targets revenues of nearly $9B in 2023

Wed, 08 Mar 2023 - 04:11 GMT

He pointed out that work is being done in the navigational stream continuously, as work is being done on 40 kilometers in the south, which is expected to be completed in 2023, which improves maritime traffic in this part by 28 percent.

Taxes raise Egypt's revenues to LE 572.55B in 6 months

Tue, 07 Mar 2023 - 02:55 GMT

Egypt's revenues rose to LE 572.55 billion during the period from July to the end of last December, compared to LE 499.63 billion during the comparative period of the previous fiscal year.

Suez Canal revenues rose to $8B: Prime Minister

Sun, 26 Feb 2023 - 02:10 GMT

Egypt’s Prime Minister, Mostafa Madbouli, reviewed a comparison of the new Suez Canal between 2014 and 2023.

Egypt achieves highest growth rate at 6.6% since 2008: Finance Minister

Mon, 29 Aug 2022 - 04:32 GMT

Maait added Monday during a conference to review the financial performance indicators for the current fiscal year budget (2022/2023) that the unemployment rate fell to 7.2 percent in June 2022 by providing 826,000 jobs.

Suez Canal revenues record LE 12.3B in June: CAPMAS

Thu, 11 Aug 2022 - 02:38 GMT

Since the beginning of this year, the revenues of the Suez Canal have witnessed successive increases, as revenues recorded about LE 11.6 billion in April, compared to LE 8.7 billion in the corresponding month in 2021, with an increase of LE 2.9 billion.

Egypt's tourism revenues hike to $8.2B in 9 months

Sun, 07 Aug 2022 - 03:20 GMT

This came despite the absence of tourists from Russia and Ukraine since the outbreak of the crisis between them and the negative effects on the tourism movement.

Egypt's Suez Canal achieved unprecedented revenues worth $7 bln this year - SCA chief

Sun, 07 Aug 2022 - 01:46 GMT

In a phone interview with the Sada El Balad channel, Rabie noted this year's revenues increased from 10% to 25% compared to 2021, describing the new figures as good and unprecedented in the canal's history.

Suez Canal achieves highest monthly revenue in its history at $704M

Tue, 02 Aug 2022 - 03:28 GMT

The total net tonnage increased 18.2 percent or 19.3 million tons, reaching 125.1 million tons compared to 105.8 million tons during July 2021.

Suez Canal achieves highest annual revenue in its history at $7B

Mon, 04 Jul 2022 - 01:54 GMT

Rabie attributed the big leap in the revenues to the increase in the number and tonnage of ships transiting the canal during the fiscal year 2021/2022.

Tax revenues record LE 816B in 11 months

Mon, 27 Jun 2022 - 05:26 GMT

Tax receipts from sovereign authorities increased by about LE 12.3 billion, or 11.8 percent, to reach LE 117 billion during 11 months, compared to about LE 104.7 billion during the same period of the previous fiscal year.

More