Egypt reports 21-month low in Suez Canal revenues in November
A cargo ship is seen crossing through Egypt's New Suez Canal, Ismailia (Reuters)
Ismailia - Arab today
Egypt's revenues from Suez Canal commerce hit a 21-month low in November 2016, generating $389.2 million, down roughly five percent compared to the same month last year, according to data from the Suez Canal Authority (SCA).
November’s receipts are the lowest since February 2015, when the vital Egyptian waterway generated $382 million, according to the data, which was published on the state-run Egypt Information Portal (EPI).
November's data also shows a drop in earnings from the previous month, which registered $418.1 million in revenue.
According to EIP, Suez Canal revenue normally sees a decline in revenue from October to November each year.
The canal is the fastest shipping route between Europe and Asia and is one of the country's main sources of foreign currency.
The SCA is considering a new initiative that would require the world's top container shippers to pay tolls in advance of using the waterway.
According to the authority, the carriers would receive discounts in return for being charged in advance. The payments would likely be made three years in advance
Source: Ahram online
- Sunday ,09 December GMT 12:33 2018 Egypt's decision to adjust customs' duties on luxury goods to benefit economy
- Wednesday ,05 December GMT 21:03 2018 Bahrain's economic delegation concludes successful India visit
- Thursday ,29 November GMT 20:20 2018 Japan funds project to enhance water quality project in Palestinian town
- Wednesday ,28 November GMT 09:50 2018 Egypt, Saudi Arabia to strengthen economic ties in coming phase
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchangeGMT 12:33 2018 Sunday ,09 December
Egypt's decision to adjust customs' duties on luxury goods to benefit economyGMT 21:03 2018 Wednesday ,05 December
Bahrain's economic delegation concludes successful India visitGMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWAGMT 20:20 2018 Thursday ,29 November
Japan funds project to enhance water quality project in Palestinian townGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phase
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 13:42 2017 Tuesday ,07 March
QRCS Provides Medical Treatment for 1,388 Syrians in Jordan
GMT 15:24 2017 Monday ,12 June
Shell Saudi Arabia teams up with Almajdouie Motors
GMT 02:19 2017 Saturday ,04 March
France condemns Al Houthis for using child soldiers
GMT 13:10 2018 Saturday ,06 January
Army Chief visits NWA, lays wreath on Shuhada monument
GMT 09:40 2017 Thursday ,28 December
11000, MW electricity to be added in national grid by June 2018
GMT 00:49 2017 Friday ,22 December
Russia parliament ratifies deal
GMT 02:57 2017 Wednesday ,13 December
Emmanuel Macron sworn in as French president
GMT 22:11 2017 Tuesday ,12 September
Bahraini women’s achievements highlighted
GMT 06:40 2017 Tuesday ,05 December
Yemen's Saleh: the ex-president who clung to power
GMT 02:47 2016 Tuesday ,13 December
Awqaf minister: Egyptians stand hand in hand in face of suicide
GMT 11:40 2016 Thursday ,07 April
Mall of the Emirates presents stunning S/S '16 collections
GMT 02:43 2017 Saturday ,23 September
Polling station evacuated in eastern France due to suspicious vehicle
GMT 05:59 2017 Saturday ,18 March
BoE’s Forbes: Weak wage growth may reflect temporary Brexit caution
GMT 00:00 2017 Saturday ,18 November
‘Bomb plot foiled’ ahead of ASEAN Summit in Philippines
GMT 09:48 2017 Monday ,04 December
Tens of thousands march in Tel Aviv
GMT 09:35 2016 Wednesday ,28 December
China in biggest-ever pangolin scale seizure
GMT 08:59 2016 Sunday ,01 May
English Premier League standings
GMT 17:58 2017 Saturday ,15 July
LuLu Group Chairman Yusuff Ali receives top British award
GMT 23:42 2017 Saturday ,22 April
IS-linked Abu Sayyaf leader killed on Philippine resort island
GMT 00:08 2017 Thursday ,11 May
Finance minister receives Turkish deputy premier in Oman
GMT 10:33 2017 Saturday ,16 September
Canada climate minister pushes for Paris accord progress
GMT 14:48 2017 Monday ,08 May
Troops deployed as Canada braces for worse flooding
GMT 15:55 2017 Tuesday ,03 January
Mobily Business offers 50% discount on managed route
GMT 04:21 2017 Wednesday ,11 October
Kaag visits London, meets UK officials
GMT 11:57 2017 Monday ,13 March
Stargazing keeps tourism looking up
GMT 21:27 2016 Wednesday ,17 August
Freestyle wrestling: Egypt's Inas Mostafa reaches semi-final with win over Brazilian
GMT 13:13 2017 Sunday ,26 February
Kamel al-Khoudany reveals reasons of political solution's lack in Yemen
GMT 17:32 2017 Monday ,25 September
Interior Minister receives Southern Governor
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor