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Suez Canal revenues hike by 5.4% to reach $5.9bn in FY2018/19
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez Canal Economic Zone (SCZone), across 192 projects that have been carried out.
Suez Canal’s transfers to Egypt’s public budget reached its highest level ever in FY 2018/19
Canal’s revenues increase by 40.4% in current FY recording EGP 104.2bn
Suez Canal revenues hit $506.1m in October
May, August 2018 highest in revenues value, Suez Canal earned monthly profits worth EGP 8.9bn: CAPMAS
Al-Sisi visits Suez Canal tunnels, sites of New Administrative Capital
Announced cost of NAC is $45bn, expected to host 5 million people by 2050
Suez Canal revenues hit $4.8bn in 10 months
10.3% increase in Suez Canal revenues from January to October 2018, says Mamish
Suez Canal signs agreement with South Korea’s KT, GGTT to speed internet service to 1 GBps
Partnership will help provide better internet services for all business sectors in area: Yassin
EGP 3.4bn revenues of SCZone form settlements with investors
International advisory offices to complete study of Ain Sokhna project, says Mamish
EETC signs contract with ABB alliance to modernise Suez Canal’s area control centre for EGP 324m
Shaker explained that the modernisation of the regional control of the Canal Electricity area comes within the framework of the Egyptian Electricity Transmission Company’s plan to modernise some of the existing regional controls, namely in, Cairo, canal area, Upper Egypt, Alexandria, and to establish new regional controls in the Delta and Central Egypt.
China studies paying Suez Canal fees in yuan
Currently discussing possibility of increasing number of direct flights between Egypt, China, says ambassador
Al-Sisi renews term of Mamish as Suez Canal chairperson
This August Egypt celebrated second anniversary of inauguration of Suez Canal
Suez Canal revenues to double before 2023: Mamish
$700m increase in Suez Canal’s revenues by end of 2018, says chairperson of Suez Canal Authority
Health Committee calls on health minister to explain reasons for postponing implementation of comprehensive health insurance in Suez Canal cities
It is not only a matter of desire to meet with minister of health to discuss delaying postponement of comprehensive health insurance, but to discuss government’s strategy for sector in coming period
2nd CSR Forum to be held focusing on Suez Canal Region
Driven by the belief that developing societies comes with the help of private sector, along with governments, Egypt’s CSR Forum holds its second forum this year in Port Said. Aiming to build a bridge, of which both sides meet to come up with ideas to develop Egyptian society, the CSR Forum targets creating a state …
Suez Canal revenues record 13.4% increase in 5M 2018
Al-Sisi instructs Mamish to develop, strengthen SCA’s capacity
Egypt TEDA expects to attract $3bn in Suez Canal region
Company succeeded in attracting 70 companies with total investments of about $1bn by end-2017, says Liu
Exhibition featuring Egypt’s history through Suez Canal kicks off in Paris
Display proves Egypt was ‘heart’ of world in past, says general supervisor of exhibition
Al-Sisi, bin Salman visit Suez Canal, New Ismailia
Bin Salman arrived in Cairo on Sunday for three-day visit to address bilateral relations
74 vessels cross Suez Canal in 24 hours
The Suez Canal recorded on Saturday the highest number of single-day ship traffic in its history, with 74 large vessels crossing, which were also carrying the largest weight of shipments, at 5.2 million tonnes. Furthermore, he added that the number of transiting vessels from the north reached 50 vessels, with loads of 3.1 million tonnes, …
Automation of Suez Canal area services complete by end of December
Government to provide new electronic services in March, says minister of planning
ARDIC-Polaris to establish company to follow up development of 5.5m sqm in Suez Canal area
The new Suez Canal project is divided into 6 phases over 3 years maximum
How can the economic zone of the Suez Canal lead the development?
Egypt relies heavily on the Suez Canal Economic Zone (SCZone) to drive the economic growth of the country, especially as it is an investment area of special nature, which gives it a competitive advantage compared to other areas of investment inside Egypt, as well as enjoying a geographical location, which gives it another competitive advantage, …
Balance of Payments marks surplus of $13.7bn in FY 2016/2017: CBE
Exports revenues amount to $21.7bn, imports register $57.1bn, tourism profits at $4.4bn, $4.9bn from Suez Canal
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 …
50% discount on Suez Canal transit fees
Minister of Transport Hisham Arafat and Chairperson of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish announced the granting of proportional discounts for the transit fees of ships reaching 50%. Arafat said that an integrated plan has been put in place to develop the Egyptian ports and improve the maritime …
Nasr and Mamish tour Vietnam and Singapore, promote SCZone projects
The new investment law includes incentives and guarantees for investors of the SCZone: Nasr
Suez Canal achieves $2.938bn revenues within 7 months
100% of containers by the sea between Asia and Europe crossed the Suez Canal after its development, says the report
Qatari ships banned from entering Suez Canal ports: Mamish
Anti-Qatar countries vow sanctions against Qatar, Doha rejects accusations
Investment Minister, Mamish discuss implementation of promotional plan for SCZone projects
A plan in place to develop the ports of the region and develop an electronic system
Suez Canal revenues hit $440m in May
The last month saw an increase of 0.7% against April
The heritage of economic citizenship: a‘refuge’ for advancement
A lot of unnecessary energy has already been expended on Egyptian television arguing over the planned reforms ofresidency and naturalisation procedures, with accusations of treason flying both ways. The idea is that you get a five-year long residency if you stash a lot money in the bank that the government will then spend and invest …