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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Suez Canal achieves record revenues

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Suez Canal achieves record revenues Empty Suez Canal achieves record revenues

Post by rocky Sun 17 Jun 2018, 1:11 am

Suez Canal achieves record revenues %D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-768x480-660x330



Suez Canal achieves record revenues

Egypt's Suez Canal has achieved the highest monthly revenue since the beginning of 2018 in May, the channel's chairman, General Mehab Mmeish, said on Saturday.
The channel generated revenues of $ 503 million in May, compared to $ 479 million in April, according to Reuters.
The channel's revenues rose 14.4 percent in May, compared to May 2017, or $ 64 million, Memish said.
The Suez Canal is the fastest shipping line between Europe and Asia and one of the main sources of foreign currency of the Egyptian government.
The channel's revenues since the beginning of 2018 were as follows: $ 451 million in January, $ 435 million in February, $ 463 million in March and $ 479 million in April.

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Suez Canal achieves record revenues Empty Suez Canal revenues rise to $ 503 million in May

Post by rocky Sun 17 Jun 2018, 2:10 am

Suez Canal revenues rise to $ 503 million in May







2018/06/17 11:08




(Encyclopedia of this day , news | News Iraq ) -
Economy News Baghdad


Suez Canal Authority Chairman Mohab Memish said the channel's revenues rose to $ 503.13 million in May from $ 479.3 million in April, adding that revenues this year could reach a record $ 5.7 billion.


The Suez Canal is the fastest shipping line between Europe and Asia and one of the main sources of foreign currency of the Egyptian government.


The channel's revenues rose to $ 63.33 million last month compared with May last year, an increase of 14.4 percent, Mamesh said.


He added that the increase in the volume of international trade and the improvement in the navigation industry showed that Egypt was right when it invested in the expansion of the Suez Canal.


"Revenues of the Suez Canal by the end of this fiscal year may be around $ 5 billion and $ 700,000, which is a record revenue for the channel," Mamesh said in a statement quoted by the official Middle East News Agency.


Official figures showed last year that the channel's revenues were $ 5.3 billion, up from $ 5 billion in 2016.


In 2015, Egypt opened a $ 8 billion canal expansion project as a key pillar of President Abdel Fattah al-Sisi's quest for an economic transformation in Egypt, the most populous Arab country.







Note: The content entitled (Suez Canal revenues in May to $ 503 million) was first published on the website (Al-Iktissar News) and the encyclopedia of this news day is not guaranteed in any way. 
You can see the details of this title (Suez Canal revenues in May to $ 503 million) through its original source (Economy News).





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