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Egypt Suez Canal revenue tick up in July to USD 447.1 million

Egypt’s Suez Canal revenues rose to $ 447.1 million in July from $427.2 million in June, the government said on Tuesday. The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising hit …

Daily News Egypt

Intel revenue declines to $55.4bn in 2015

The results added that Intel’s Internet of Things Group recorded a revenue of $2.3bn, marking a 7% increase compared to 2014. In addition, Software and service operating segments registered a revenue of $ 2.2bn, down by 2% from 2014.

Mohamed Alaa El-Din

CAPMAS: Tourism up by 8.3 percent

The Central Agency for Public Mobilisation and Statistics (CAPMAS) released yesterday the latest figures on tourism during July showing an 8.3 percent increase in the number of tourists from around the globe from the same month last year. According to the latest CAPMAS tourism figures, up to one million tourists visited Egypt during July, compared …

Islam Serour

Tax Authroity new head vowes to boost tax revenues

Egypt’s Tax Authority (TA) hopes to increase tax revenues to EGP 230 billion, according to newly appointed chairman Mamdouh Omar. The TA plans to promote new leadership to ensure justice within the body, Omar told a meeting with heads of regional bureaus and managers of different departments on Monday. According to commentators, taxation in Egypt …

Islam Serour

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