Latest News for: Suez net

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Saudi Arabia reveals ambitious plan to build floating city

The New Arab 18 Nov 2021
Saudi Crown Prince Mohammed bin Salman has said the kingdom plans to build a floating industrial city near NEOM, as part of its Vision 2030 initiative. If built, OXAGON will be the world's largest floating industrial complex. It will be located on the Red Sea, close to the Suez Canal, and aims to be a net-zero city powered by clean energy ... ....
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Egypt raises Suez Canal transit tolls

Urdu Point 04 Nov 2021
Egypt's Suez Canal Authority said Thursday it will hike transit tolls on the key waterway by six percent, after netting record revenues last tax year even amid the coronavirus pandemic.
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Egypt: Access toll on Suez Canal increases by 6%

The North Africa Journal 04 Nov 2021
Egypt’s Suez Canal Authority said Thursday it will hike transit tolls on the key waterway by six percent, after netting record revenues last tax year even amid the coronavirus pandemic.
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In Pics: Suez Canal saw its highest ever daily traffic record

Egypt Today 29 Sep 2021
Head of the Suez Canal Authority Lt ... daily traffic record in its history with 87 vessels sailing in both directions, without waiting, carrying a cargo net weight of 4.8 million tons.
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Apple kicks off US coporate high-grade bond sale in four parts

Live Mint 29 Jul 2021
Apple Inc ... Net profit down 20% at ₹40 crore ... Report. Premium Premium TVS Motor posts ₹53 cr net profit in Q1, international .... Premium Premium Ever Given, the ship that blocked the Suez, makes it to .... Premium Here's why IndusInd Bank's net profit doubled in the June quarter ... .
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Jyothy Labs Q1 results: Net profit down 20% at ₹40 crore

Live Mint 29 Jul 2021
Homegrown FMCG firm Jyothy Labs on Thursday reported 19.61% decline in consolidated net profit at ₹40.20 crore for June quarter 2021-22 on account of increase in input cost. It had posted a net profit of ₹50.01 crore in April-June period of the last fiscal year, Jyothy Labs said in a regulatory filing.
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Nordic American Tankers fixes suezmax pair at higher rates

Splash24/7 19 Jul 2021
The New York-listed suezmax specialist said it has signed a contract for one of its vessels going via the Suez Canal with a planned discharge in China at a net time charter rate of approximately $17,000 per day for 40 ...
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Suez Canal nets Egypt record revenue of $5.84 billion

The Arab Weekly 12 Jul 2021
CAIRO – Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 billion in the previous year, the Suez Canal Authority said on Sunday ... About 15% of world shipping traffic travels through the Suez Canal, the shortest shipping route between Europe and Asia.
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World Business Quick Take

Taipei Times 12 Jul 2021
Suez Canal nets US$5.84bn. The Suez Canal netted Egypt a record US$5.84 billion in the past tax year, Suez Canal Authority (SCA) chairman Osama Rabie said on Sunday ... Authorities netted “the highest revenues in the history of the canal, hitting $5.84 billion,” a more than 2 percent higher increase from the previous year, he said in a statement.
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Egypt’s Suez Canal reports record revenue despite blockage crisis

Al Jazeera 11 Jul 2021
The Suez Canal netted Egypt a record $5.84 bn in the last tax year, its chief said on Sunday, despite the coronavirus pandemic’s effect on world trade as well as a six-day blockage of the busy waterway by a giant cargo ship ... Osama Rabie, head of the Suez Canal Authority (SCA).
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Record revenues flow from Suez despite megaship blockage

Urdu Point 11 Jul 2021
Cairo, (UrduPoint / Pakistan Point News - 11th Jul, 2021 ) .The Suez Canal netted Egypt a record $5.84 billion in the last tax year, its chief said Sunday, despite the coronavirus pandemic's impact on world trade plus a six-day blockage by a giant cargo ship ... Authorities netted ...
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Yang Ming takes delivery of new ship

Taipei Times 27 Jun 2021
Capital Investment Management Corp (群益投顧) forecast that Yang Ming’s net profit would continue rising through the third quarter, as port congestion as well as a blockage of the Suez Canal in April have caused a container shortage and delayed delivery schedules, leaving limited capacity in the market and further boosting freight rates.
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12 banks in Egypt report EGP 6.495bn net profits during Q1 2021

Egypt Commercial News 20 Jun 2021
A total of 12 banks working in the Egyptian market have reported net profits of EGP 6.495bn during the first quarter (Q1) of this year, which ended on 31 March 2021 ... Suez Canal Bank. The Suez Canal Bank (SCB) achieved a net profit of EGP 115.719m in March 2021, compared to EGP 114.350m in March 2020.
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Ma’aden awards $880m gold mining contract

Arab News 13 Jun 2021
The ammonia plant expansion will add over 1 million tonnes of ammonia production to reach 3.3 million tonnes, making Ma’aden one of the largest ammonia producers east of the Suez Canal.”. Ma’aden in April reported a net profit after zakat and tax of SR 761.2 million ($202.99 ...

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