Suez Canal revenues record $27.2B in 5 years

Thu, 06 Aug 2020 - 02:15 GMT

Rabie added that the canal’s revenues during the first eight months of 2020 hit $3.3 billion, through crossing 11,250 ships, with a total net tonnage of 693 million tons.

IMF expects Egypt's losses in tourism revenues to exceed 2% in 2020 due to COVID-19

Wed, 05 Aug 2020 - 02:27 GMT

This expectation is also implied on large net tourism exporters, such as Costa Rica, Greece, Morocco, New Zealand, Portugal, Spain, Sri Lanka, Thailand, and Turkey.

Egypt’s revenues lose more than LE125B over 3 months due to COVID-19

Tue, 30 Jun 2020 - 12:22 GMT

Ma’it added during a TV interview that the government had not received fees for 3 months for airline tickets or departure of foreigners.

Egypt's revenues, growth rate to be affected by COVID-19 pandemic

Tue, 05 May 2020 - 03:24 GMT

Egypt’s budget for fiscal year 2020/2021 will be affected by COVID-19 pandemic especially with regard to revenues and growth rates, as well as an increase in the item of expenses.

Suez Canal’s revenues reach $1.907B in 4 months of 2020

Mon, 04 May 2020 - 02:33 GMT

Rabea added in a statement that traffic in the canal has not been affected by the outbreak of COVID-19 (coronavirus) pandemic.

Egypt's tourism sector hits $13.03B; highest revenues ever

Tue, 31 Mar 2020 - 12:43 GMT

CBE clarified that the total tourism revenues jumped 67 percent to reach $13.03 billion in 2019, compared to $7.8 billion in 2017, $2.5 billion in 2016 and $6.1 billion in 2015.

GCC tourism spending in Egypt to hit $2.3B in 2020

Fri, 31 Jan 2020 - 11:29 GMT

Egypt's total tourism revenues recorded $16.4 billion in 2019 and are expected to shoot up to $29.7 billion within the coming 5 years.

Finance min. reviews Egypt’s financial performance in H1 of 2019/20

Mon, 20 Jan 2020 - 04:08 GMT

Mai’t added in a press conference that Egypt achieved a primary surplus of LE 30 billion (0.5 percent) during the first half of 2019/2020.

ETA head asserts importance of tax invoice

Mon, 30 Dec 2019 - 02:28 GMT

The invoice guarantees getting a good product from a known supplier, Hassan said, noting that it is a primary evidence for recipient to claim are subject to return policy.

El Nasr Automotive Co. reaches revenues of LE 17.3M in 2018/19

Mon, 28 Oct 2019 - 12:04 GMT

The revenues came below the targeted figure by LE 32 million, according to the General Assembly that approved the financial statements of the company.

SCZone achieves record revenues worth LE3.69B: Mamish

Sat, 27 Jul 2019 - 02:15 GMT

Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year.

Suez Canal targets revenues worth $6.1B in FY2019-2020

Sat, 15 Jun 2019 - 11:47 GMT

The Suez Canal Authority targets revenues worth $6.1 billion in FY2019-2020 against $5.8 billion in the current fiscal year.

Customs revenues on vehicles in Port Said exceed LE 255M in May

Sun, 09 Jun 2019 - 04:16 GMT

The total value of the vehicles and spare parts shipments, cleared from the customs, was estimated at LE 658.69 million.

Taxes, fees on cars adds LE 4.6B to Egypt’s revenues in 9 months

Thu, 30 May 2019 - 02:37 GMT

Egypt is expected to collect LE 5.65 billion as revenues from taxes and fees on cars during current fiscal year which stated in July 2018 and ends in June 2019.

Egypt collects LE 38.32B from selling goods, services in 9 months

Thu, 30 May 2019 - 02:31 GMT

Egypt’s revenues from selling goods and services increased 61.2 percent during the first nine months on a year on year basis, according to Ministry of Finance data.

Egypt’s revenues reach LE 598.68B in 9 months

Thu, 30 May 2019 - 02:30 GMT

Tax revenues reached LE 468.4 billion by the end of March, representing 78.2 percent of total revenues, compared to LE 403.2 billion during the same period in 2017/2018.

Alibaba beats revenue expectations on cloud boost

Thu, 16 May 2019 - 09:55 GMT

Sales excluding revenue from consolidated businesses grew 39 percent year-on-year.

Telecom Egypt doubles profit to LE1.6B in Q1 2019

Wed, 15 May 2019 - 10:18 GMT

The company added that the consolidated revenues hit LE 6.1 billion, marking an increase of 27 percent in a year-on-year basis.

Inside Egypt’s tourism sector

Tue, 09 Apr 2019 - 11:01 GMT

Egypt's revenues from tourism during the first half of the current fiscal year increased 36.4 percent compared to the same period last year.

Petroleum ministry: Petrojet revenues hit LE 26.5B in 2018

Thu, 28 Mar 2019 - 02:32 GMT

This was announced at the company’s general assembly meeting, under Petroleum Minister Tarek el Molla, to endorse the performance report for 2018.