Latest News for: Suez net


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 ...

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.

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 ...

Veolia chief: We want to invest in the UK — but we’re being held back

The Times/The Sunday Times 21 Jan 2024
Veolia, a sprawling entity encompassing waste, water and energy, had spied an opportunity to seize control of Suez, paving the way for a bid ... Net debt, however, stood at €22 billion, after Veolia borrowed heavily to fund the Suez deal.

To Hell With Fighting the Houthis!

Antiwar 15 Jan 2024
And, of course, Egypt collects the tolls from the Suez Canel through which the Red Sea traffic transits ... that traverses the Red Sea/Suez route. The fact is, however, the US is now a net energy exporter.

Egypt denies reports of suspending navigation in Suez Canal

Beijing News 13 Jan 2024
He noted that the Suez Canal provides its navigational services normally, revealing that 44 ships with a combined net tonnage of 2.3 million will cross from both directions on Saturday ... The Suez Canal, ...

$228.8m surplus in BOP in Q1 of FY 2023/2024: CBE

Daily News Egypt 07 Jan 2024
Transport receipts increased by 13.5% to $3.5bn (from $3.0bn), as a main result of the increase in the Suez Canal transit receipts by 19.4% to $2.4bn (from $2.0bn), driven by the rise in both the net ...

BP Joins Growing Number of Companies in Stopping Red Sea Transits

The Maritime Executive 18 Dec 2023
The authority however emphasized that 77 vessels transited the Suez Canal on Sunday, December 17, representing more than four million net tons and part of the just over 2,200 vessels that made the trip in 2023.

Suez Canal Bank's Net Profits Reach EGP 1.36Bn In September 2023, Growing By 85%

MENA FN 20 Nov 2023
(MENAFN - Daily News Egypt) The Suez Canal Bank has announced that its net profits increased to EGP 1.36bn in September 2023, compared to EGP 735m in September 2022, achieving a growth rate of ... .

Veolia Environnement: Key Figures at 30 September 2023

Market Watch 09 Nov 2023
... -- Dividend growth in line with current EPS growth (1) At constant scope and forex (2) Before Suez PPA (3) Current net income per share after hybrid costs and before PPA Agenda 11 January 2024 .

DAI, Siemens Energy join forces for green ammonia project

SAFETY4SEA 06 Nov 2023
The location of the plant next to the Suez Canal and within the perimeters of the harbour in East Port Said, Egypt will ensure bunkering services for the green ammonia fuelled vessels that pass the Suez Canal.

Flamingos migrating from Europe decorate Port Fouad Reserve

Egypt Independent 31 Oct 2023
They then land in the reserve located between the Mediterranean and Lake Manzala, successfully eluding the nets of Port Said fishermen set up in the al-Dhahra area to catch quail.

Maersk produces green fuel in Egypt

Watani 04 Oct 2023
The agreement was signed by the General Authority for the Suez Canal Economic Zone; the Sovereign Fund of Egypt; the New and Renewable Energy Authority (NREA); the Egyptian Electricity Transmission Company (EETC); and C2X Company.

Suez Canal Bank Announces 134% Increase In Net Profit To Egp 628M During 1H 2023

MENA FN 14 Aug 2023
(MENAFN - Daily News Egypt) Hussein Rifai, Chairperson and Managing Director of the Suez Canal Bank, said that the bank's net profits increased to EGP 628m in June 2023, compared to EGP 268m in ... .

Veolia Environnement: Another Half-Year of Strong Results Growth Despite the Macro-Economic Context

Market Watch 03 Aug 2023
... conflict beyond the Ukrainian territory and without significant change in the energy supply conditions in Europe (2) Before Suez PPA (3) Current net income per share after hybrid costs and before PPA.

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