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Suez Canal Revenues Jump in August

© Carabay / Adobe Stock

Egypt's Suez Canal revenues rose to $502.2 million in August up 6.7 percent from the same period last year, the cabinet said in a statement on Wednesday.

The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency.


(Reporting by Yusri Mohamed, writing Amina Ismail; Editing by Toby Chopra)

Sep 20, 2018

 

Finance

DP World Profits Up 27% in H1 2019

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. Photo: DP World

Dubai International Ports Group (DP World) announced a strong financial results for the first six

Frontline buys 10 Tankers from Trafigura

Frontline will buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million, and may buy a further four vessels later, the two companies announced

China Unveils Retaliatory Tariffs as Dispute Escalates

AdobeStock / © rawf8

China unveiled on Friday retaliatory tariffs against about $75 billion worth of U.S.

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