egypt reports 21month low in suez canal revenues in november
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Egypt reports 21-month low in Suez Canal revenues in November

Arab Today, arab today

Arab Today, arab today 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

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypt reports 21month low in suez canal revenues in november egypt reports 21month low in suez canal revenues in november

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypt reports 21month low in suez canal revenues in november egypt reports 21month low in suez canal revenues in november

 



GMT 11:00 2018 Tuesday ,04 December

The assassination of Ali Abdullah Saleh, one year on

GMT 06:12 2017 Saturday ,07 October

Tabarak Investment infuses Dh500m in Drake & Scull

GMT 10:42 2017 Thursday ,14 December

Casualties as bomber attacks Somalia police academy

GMT 07:43 2017 Friday ,05 May

Russia, Turkey, Iran sign deal

GMT 22:18 2017 Wednesday ,20 September

Oil leak in Kuwait's Ras Al-Zour area

GMT 11:32 2017 Saturday ,15 April

France, Japan aim to land probe on Mars moon

GMT 13:16 2017 Thursday ,09 November

Change of guards ceremony at mausoleum of Allama Iqbal

GMT 07:38 2017 Thursday ,24 August

Bahrain weather forecast

GMT 14:07 2016 Sunday ,23 October

Bombardier to cut another 7500 jobs through 2018

GMT 20:50 2017 Monday ,11 September

Zakat Fund implements Schoolbag Project

GMT 15:12 2017 Monday ,02 January

Lose weight, the natural way — Part 2

GMT 12:56 2017 Tuesday ,21 February

Clashes Between Palestinian & Occupation Forces

GMT 20:07 2017 Tuesday ,19 September

The Perfume Studio launches Design Fragrance

GMT 16:37 2017 Tuesday ,31 October

MP reveals details of Health Insurance

GMT 08:00 2017 Saturday ,11 November

BACA President receives Azerbaijan culture minister

GMT 20:35 2018 Wednesday ,24 October

Suspect packages target Obama, Clintons
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday