Latest News for: Suez net

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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

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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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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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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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.
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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.
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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, ...
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$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 ...

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