Red Sea Ports revenues are 90 percent more than the target in FY 2017-18
Ships at one of Egypt's Red sea ports.
Cairo - MENA
Revenues from the Red Sea Ports Authority reached EGP 2.264 billion during 2017-2018 fiscal year, 90-percent more than the target.
The net profit stood at EGP 855 million, 50-percent more than the target.
Chairman of the Authority, Hisham Abu Senna, attributed the increase in revenues to a strategy that made optimal use of all potentials at the Red Sea ports, not to mention decisions made to develop resources.
He also touched upon an increase in the number of ships that transited the Suez Canal, as well as the volume of cargo traded at different Red Sea ports.
Some of the Red Sea ports include: Safaga, Hurghada, Sharm El Sheikh, Nuwaiba and Suez ports.
An investment plan worth EGP 431 million was implemented to Safaga, Hurghada and Nweiba ports, with the private sector managing business and services projects in an attempt to benefit from its expertise, and to provide job opportunities at governorates where the ports reside.
GMT 12:33 2018 Tuesday ,27 November
Egypt's imports of poultry, sugar drop over past 10 monthsGMT 12:53 2018 Thursday ,25 October
Egypt's Abdel Fattah El Sisi approves IOFS statuteGMT 13:17 2018 Saturday ,20 October
Egypt selected guest of honour at German-Arab Business ForumGMT 04:56 2018 Friday ,05 October
Egypt's medical exports increase by 8.9% in January-AugustGMT 04:24 2018 Monday ,01 October
Egypt's trade hits $59.683 bln in 8 months "Industry ministry"
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 02:55 2017 Thursday ,07 December
Saleh’s body buried secretly in the absence of relatives
GMT 14:25 2017 Monday ,10 July
Yemen cholera outbreak tops 300,000 suspected cases: ICRC
GMT 12:22 2017 Monday ,06 March
Grab your wallet! Dior launches soon-to-close Dubai pop-up store
GMT 13:23 2018 Wednesday ,31 October
The incredible shrinking car, New foldable runabout created in Israel
GMT 04:33 2017 Wednesday ,23 August
Doha did not allow Saudi planes to transport Qatari pilgrims
GMT 22:11 2017 Friday ,01 September
Democrat Party meets to consolidate amid `storms`
GMT 13:22 2017 Friday ,01 December
Maged Al Masry happy for "The Flood" success
GMT 07:13 2017 Thursday ,14 September
Carmakers see promise of bonanza in eastern Europe
GMT 09:01 2017 Friday ,21 April
VP informed on arrangement for President's visit to Nahral-Neil
GMT 19:59 2017 Tuesday ,29 August
WB calls Middle East states to take measures to protect water
GMT 10:06 2017 Tuesday ,21 November
Russia confirms 'extremely high' readings of radioactive pollution
GMT 20:55 2017 Sunday ,05 February
20,849 court rulings put into effect over past 24 hours
GMT 05:37 2017 Wednesday ,08 February
US Chamber of Commerce warns against tearing up NAFTA trade
GMT 14:22 2014 Wednesday ,02 April
Hobby Lobby invests in contraception manufacturers
GMT 08:28 2017 Tuesday ,04 April
Judges show leniency amid growing liberalisation of UAE justice system
GMT 22:34 2017 Saturday ,09 December
ADNOC to launch new crude blend as part of strategy to maximise value
GMT 10:46 2016 Wednesday ,23 November
From Vaseline to zips, 5 ball-tampering scandals in cricket
GMT 15:46 2017 Sunday ,12 February
Provincial governor surges in South Korea presidential race
GMT 08:18 2017 Thursday ,19 January
Daesh lost nearly a quarter of its territory in 2016
GMT 17:19 2016 Monday ,29 February
Dolce and Gabbana put fairytale back into fashion
GMT 16:44 2017 Saturday ,01 April
Parsley raises immunity, protects against allergies, cancer
GMT 18:31 2017 Tuesday ,24 January
ISESCO officially names Iran's Mashhad Culture Capital of Muslim
GMT 13:53 2017 Saturday ,14 October
CSB issues instructions on manpower expenditure
GMT 06:24 2017 Wednesday ,30 August
Inflation in August estimated to be lower at 0.02 percent
GMT 01:30 2017 Thursday ,05 October
Obama leaves US on final foreign trip to Greece, Germany and Peru
GMT 19:44 2017 Tuesday ,23 May
German Economy Grows 0.6% in First Quarter
GMT 14:39 2017 Friday ,17 March
how director Maitha Al Awadi is wowing the big screen
GMT 15:32 2017 Tuesday ,07 March
Carson calls slaves ‘immigrants’ in speech, drawing criticism
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor