Latest News for: Suez net

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CMA CGM, SUEZ agree to produce up to 100,000 tonnes of biomethane

SAFETY4SEA 22 Oct 2024
CMA CGM Group and SUEZ signed a memorandum of understanding (MOU) on 18 October to develop the production of biomethane in Europe and the low-carbon transition of maritime transport ... The supply by SUEZ ...
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Suez Canal Authority ups stake in Suez Canal Bank

Egypt Today 25 Aug 2024
The Suez ... Recently, Suez Canal Bank reported a 188 percent increase in net profits for the first half of the year, reaching LE 1.8 billion compared to LE 628.042 million in the same period of 2023.
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Suez Canal Bank achieves remarkable 188% profit growth, reaching EGP 1.8bn in June 2024

Daily News Egypt 17 Aug 2024
Akef El-Maghraby, CEO and Managing Director of Suez Canal Bank, announced impressive financial results for the bank. In June 2024, net profits surged to EGP 1.8bn, a substantial increase from EGP 628m in June 2023—a remarkable growth rate of 188%.
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More support to cull invasive venomous fish

CyprusMail 04 Aug 2024
As the catch and consumption of the pufferfish (Lagocephalus sceleratus) is prohibited by almost all countries bordering the Mediterranean, the invasive species has expanded through the Suez canal into the entire Mediterranean and Black sea.
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Egypt’s BoP surplus rises to $4.1bn in first 3 quarters of FY 2023/24

Daily News Egypt 08 Jul 2024
Portfolio investments in Egypt also shifted to a net inflow ... Suez Canal transit receipts also declined by 7.4% to $5.8bn, reflecting a decrease in both net tonnage and the number of transiting vessels.
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Suez Canal Bank Announces Substantial Growth In Net Profits

MENA FN 14 May 2024
(MENAFN - Daily News Egypt) Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, has declared a significant leap in the bank's net profits, which soared to EGP 611m in March 2024. This ... .
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Suez Canal Bank’s net profits soar by 121% to EGP 2.3bn in 2023

Daily News Egypt 03 Mar 2024
Hussein Refaie, the Chairperson and Managing Director of the Suez Canal Bank, announced that the bank achieved remarkable growth in 2023, with its net profits reaching EGP 2.3bn in the year, compared to EGP 1.04bn in 2022, marking a 121% increase.
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Suez Canal Bank's Net Profits Soar By 121% To EGP 2.3Bn In 2023

MENA FN 03 Mar 2024
(MENAFN - Daily News Egypt) Hussein Refaie, the Chairperson and Managing Director of the Suez Canal Bank, announced that the bank achieved remarkable growth in 2023, with its net profits reaching ... .
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VEOLIA ENVIRONNEMENT: 2023 ANNUAL RESULTS

Market Watch 29 Feb 2024
... strict operational discipline -- Efficiency and synergies objectives exceeded -- Decrease in net financial debt and leverage of 2.7x, only 2 years after Suez acquisition -- Great confidence for 2024.
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Report: Egypt aims to achieve 4.1% economic growth rate during 2023/2024

Egypt Today 27 Feb 2024
... abroad amounted to $31 billion, while non-oil commodity exports amounted to about $32 billion, net foreign direct investment about $11 billion, in addition to $9 billion in Suez Canal revenues.
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Report: Egypt aims to achieve 4.1% growth rate of the Egyptian economy during 2023/2024

Egypt Today 27 Feb 2024
... abroad amounted to $31 billion, while non-oil commodity exports amounted to about $32 billion, net foreign direct investment about $11 billion, in addition to $9 billion in Suez Canal revenues.
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Egypt raises minimum wage by 50 % as part of 'urgent' package

GDN Online 08 Feb 2024
Egypt's already weak economy has suffered from the Gaza crisis, which dampened tourism and decreased shipping through the Suez Canal, a major source of foreign currency. The country's net foreign ...
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Suez Canal Earnings Fall as Vessels Re-Route Around Africa

The Maritime Executive 06 Feb 2024
The analysis of the sum of weekly calculated SCNT (Suez Canal Net Tonnage) transiting through the Suez Canal versus the Cape of Good Hope (Graph 2) reveals a noteworthy trend.
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Levi Strauss to cut jobs after projecting bleak 2024 on fragile wholesale business

RTE 26 Jan 2024
The company has shifted some US shipments to the West Coast, a route that avoids the Red Sea and Suez Canal. Sales in Levi's total wholesale business, which accounted for about 62% of its net revenue ...

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Russian President Vladimir Putin, right, and Indian Prime Minister Narendra Modi shake hands during their meeting on the sidelines of BRICS Summit at Kazan Kremlin in Kazan, Russia, Tuesday, Oct. 22, 2024
AP / /Alexander Zemlianichenko, Pool
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