03 October, 2024
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Suez Canal

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Suez Canal offers transit fee discount for tourist ships

The Suez Canal Authority has amended the incentives provided to passenger ships and tourist ships (with passengers only) that visit Egyptian ports on the Mediterranean and Red Seas, the privately-owned al-Mal newspaper reported on Friday. The authority confirmed that a reduction of up to 50 percent of the normal transit fees for both outbound and …

The post Suez Canal offers transit fee discount for tourist ships appeared first on Egypt Independent.

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Egypt expects Suez Canal revenues to rise in 2022

Egyptian Finance Minister Mohamed Maait expected that Suez Canal revenues will reach US$7 billion by the end of the current fiscal year, which ends on June 30, 2022. Maait added in a statement, on Saturday, that tourism revenues are expected to reach between $10 and $12 billion by the end of the fiscal year, despite …

The post Egypt expects Suez Canal revenues to rise in 2022 appeared first on Egypt Independent.

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