Wednesday 23 April 2014
 
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Suez Canal

Suez Canal March revenues rise 8.5pc

Revenue from Egypt's Suez Canal rose 8.5 percent to $441.9 million in March from $407.4 million in the same month a year ago, Egypt's state information portal said. February revenues stood at $339.3 million, the lowest in

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Suez Canal revenues to hit record $5.5bn

Revenues from Egypt's Suez Canal, one of the country's main sources of foreign currency, are expected to reach $5.5 billion in the current fiscal year, the head of the authority that manages the waterway said. Suez Canal A

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Citadel unit to launch container service on Suez

The National Company for Multimodal Transport (NMT), a unit of top investment company Citadel Capital, has announced plans to start a new container transshipment service between Port Said Port and Sharq Al-Tafrea on the Suez Canal.

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Suez Canal master plan to be ready in 9 months

Egypt has invited 14 consortia to bid for a chance to say how they would develop the Suez Canal area, officials said, aiming to attract more ships and revenue to shore up the country's finances. The Suez Canal is the fastest s

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Egypt to auction for 22 oil, gas concessions

Egypt's General Petroleum Corporation (EGPC) and Natural Gas Holding Company (EGAS) announced on Monday an international auction for 22 concessions for oil and gas exploration in accordance with production-sharing agreements.

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Suez Canal November revenue up 8.5pc

Revenue from Egypt's Suez Canal rose 8.5 percent in November from a year earlier to $442.4 million, Egypt's state information portal said on Thursday. October revenues were $466 million. Revenues in November 2012 were $407

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Avaya seals Suez Canal upgrade deal

Avaya, a global provider of business collaboration and communication solutions, has signed up a major deal with Suez Canal Authority, one of the most important waterway authorities in the world, in connection with Cairo ICT 2013.

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Egypt plans extra stimulus by year-end

The Egyptian government will launch a new economic stimulus package by the end of the year, the finance minister said on Monday, bringing forward spending plans that will help revive the economy but put even more strain on state coffers.

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Egypt to finalise tender to develop Suez

Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the investment minister said. "No country is taking the lead, it is an Egyptian project and we are going to finalise the first stage

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Suez Canal revenues up 1.5pc

Revenue from Egypt's Suez Canal rose 1.5 percent in September from a year earlier to $442 million, Egypt's state information portal said on Thursday. August revenues were $455 million. The waterway is one of

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