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 21:16 2016 Monday ,27 June
Zaki Badr discusses cleaning problem in Giza
GMT 21:46 2017 Saturday ,14 January
Turkey arrests 60 businessmen for alleged Gulen ties
GMT 08:22 2017 Monday ,22 May
Oman fifth at Arab level in terms of labour market efficiency
GMT 01:47 2017 Monday ,27 February
Egypt FM heads to Washington DC for talks with US officials
GMT 06:06 2015 Thursday ,12 March
Ssangyong Motor to supply Korando Turismo to Morocco for taxis
GMT 20:55 2017 Thursday ,11 May
In premature blast before targeting Afghan forces
GMT 22:38 2017 Friday ,24 March
Abbas meets with Merkel in Berlin
GMT 07:59 2017 Monday ,06 March
Abu Dhabi teenager launches anti-smoking campaign
GMT 09:02 2017 Monday ,27 March
Tunisian Premier Concludes Visit to Sudan
GMT 15:54 2017 Friday ,01 September
Attorney General Directs Prosecutors to inspect Prison
GMT 09:22 2017 Sunday ,31 December
HM King condoles with Afghanistan President
GMT 10:12 2016 Wednesday ,06 April
Strong dollar, mild weather shrink H&M profits
GMT 17:03 2016 Saturday ,24 December
7 police killed in attacks in Afghansitan
GMT 13:51 2017 Friday ,17 March
Israel denies Syria shot down a warplane
GMT 02:23 2017 Monday ,25 December
OPEC daily basket price stood at $61.64 a barrel Monday
GMT 04:08 2017 Thursday ,05 January
Carbon tax can fund clean energy transition
GMT 19:27 2016 Wednesday ,14 September
Alstom to go ahead with plans to shut down Belfort plant
GMT 00:24 2014 Monday ,17 February
University of Chicago student found dead in dorm room of unknown cause
GMT 01:44 2017 Friday ,15 December
Mennat-Allah underlines importance of landscapes
GMT 04:57 2017 Thursday ,14 December
Trump tells NASA to send Americans to Moon
GMT 00:15 2017 Thursday ,14 December
Obama urges impartial int'l observers for Aleppo evacuation
GMT 21:43 2017 Wednesday ,11 October
Qabil discusses with Swiss delegation improving power
GMT 21:06 2017 Sunday ,17 September
OIC condemns suicide attack in Kabul
GMT 08:27 2017 Thursday ,27 April
Nokia reports another loss as networks sag
GMT 19:41 2017 Monday ,06 February
Elina Svitolina Claims Taiwan Open Title
GMT 09:39 2017 Friday ,03 February
Former Brazilian president Lula's wife dies of stroke
GMT 06:01 2017 Monday ,06 March
Dubai police summon Russian model who dangled from Cayan Tower
GMT 12:43 2017 Tuesday ,25 April
Kremlin says Abe to meet Putin in Russia on April 27
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