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The size of the Egyptian banking sector was EGP 2tn by the end of 2015, according to Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed
The ships transited with total loads of 17.38m tonnes
No studies to decrease the tax in the Suez Canal Zone were presented to the government
Cargo load is the main measure of shipping traffic in the Suez Canal and the calculated transit fees.
Payloads also increased by 3.7% to $998.7m net tonnes in 2015 compared to 962.7m net tonnes in 2014, an increase of 36m net tonnes.
In July 2015 before the inauguration of the New Suez Canal, the average daily number of transiting vessels was recorded at 47 vessels, with an average load of 2.758m tonnes per day.
Suez Canal Data reported a revenue decline to $408.4m in November compared to $449.2m in October
The average per ship load was estimated at 55,300 tonnes.
2015’s year in search: Suez Canal and electro chaabi among most searched terms
Revenues declined to $408.4m in November compared to $449.2m in October
Revenues record decline for third consecutive month since inaugurating the new canal because of decline in the number of vessels, decline of international currencies against the dollar
The average load per ship was 56,553 tonnes, compared to 56,567 tons during the previous week.
Former minister Ahmed Darwish to head Suez Canal economic zone
Average per ship load reached 56,567 tonnes, compared to 60,404 tonnes during the same period last year.
Cargo load is the main measure of shipping traffic in the Suez Canal, on which fees for the transit are calculated.
The average load of each ship amounted to 57,363 tonnes, compared to 56,566 tonnes during the period of comparison.
Analysts ruled out that the owners of the Suez Canal investment certificates, in the segment of EGP 1,000 and its multiples, would refund these certificates to purchase the ‘Platinum Certificate’ and the ‘Certificate of the Top’ issued by the National Bank of Egypt (NBE) and Banque Misr, which have an interest rate of 0.5% more …
Bolloré plans to expand in Africa, as transferring goods from Egypt to any country in Africa requires various transport routes, says Masson
Average load per ship reached 56,566 tonnes, compared to 55,200 tonnes during the period of comparison.
340 ships transit Suez Canal, with total load of 18.8m tons in past week
Suez Canal Authority revealed a 4.5% decrease in September 2015
$448.8m was achieved last month, number of ships declined from previous month, says Suez Canal Authority
The Egyptian pound will not rise because of a new governor, says Abdel Aal
President Abdel Fattah Al-Sisi will provide details for Suez Canal Development Project by next week, Zaki noted.
Banks are rejecting the issuance of letters of guarantee if projects belong to the Sinai region and the Suez Canal area, says Daker Abdellah
A total of 13,649 ships transited the canal since the beginning of the year to 8 October, with a daily average of 54 ships.
Creation of Suez Canal is a catalyst to build a new tourism hub, and Ain Sokhna particularly in the immediate future, says Head of Hotels (MENA) at Colliers International
Josoor Company will start investment after issuing Economic Zones of a Special Nature Law
Chamber will organise conference in Canada to promote investment opportunities in new Suez Canal axis, says Ezzeldin
316 passed through the canal with total cargo of 18.3m tonnes