{"id":544424,"date":"2022-03-02T04:12:01","date_gmt":"2022-03-02T04:12:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/"},"modified":"2022-03-02T04:12:01","modified_gmt":"2022-03-02T04:12:01","slug":"suez-canal-revenues-jump-regulating-the-cosmetics-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/","title":{"rendered":"Suez canal revenues jump + regulating the cosmetics industry"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Suez Canal revenues jump in February after toll hikes: <\/strong>Revenues were up 15.1% y-o-y to post USD 545.5 mn last month, canal authority head Osama Rabie said in a <a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/262387049402654\">statement<\/a>. The authority hiked transit tolls by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ae94891-e027-4d1d-a265-2fc17b43d749\">6% for most ships<\/a> at the start of February, followed by another increase of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c55d01f7-c6bb-4f82-afe0-36a819f6415c\">up to 10%<\/a> for all transiting vessels from yesterday. Canal revenues are expected to hit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4efd47f2-548c-4454-aaed-14c2016ce56e\">USD 7 bn this year<\/a>, up 11.1% from last year\u2019s record haul.<\/p>\n<p><strong>Regulation for the cosmetics industry: <\/strong>The Egyptian Drug Authority (EDA) has <a href=\"https:\/\/www.facebook.com\/egyptiandrugauthority\/posts\/310677054500664\">launched<\/a> a new online platform, EgyCosm, to regulate the cosmetics industry through a database for registered products.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>The UAE <\/strong><a href=\"https:\/\/wam.ae\/ar\/details\/1395303025196\">has launched<\/a> a distanced-learning school targeting 20k <strong>underprivileged children and refugees in Egypt<\/strong> and four other countries.<\/li>\n<li><strong>Taqa Arabia<\/strong> signed an <strong><a href=\"https:\/\/ent.news\/2022\/3\/PRL.-Eng-Taqa-Tanzania.pdf\">MoU<\/a><\/strong><a href=\"https:\/\/ent.news\/2022\/3\/PRL.-Eng-Taqa-Tanzania.pdf\">(pdf)<\/a> with <strong>Tanzania <\/strong>to cooperate on<strong> natural gas<\/strong> <strong>distribution. <\/strong><\/li>\n<li>The <strong>Cairo Economic Court has <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/3\/Speed-Medical-1-3-22.pdf\">imposed (pdf)<\/a><\/strong> an EGP 40 mn fine on Speed Medical\u2019s former chairman<strong> Mahmoud Lasheen <\/strong>for the two <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/107f1754-dca0-4654-92e9-fd680c3c9d71\">FRA lawsuits<\/a> filed against the company. Last week the company <a href=\"https:\/\/ent.news\/2022\/3\/Speed-Medical-New-CEO.pdf\">appointed (pdf)<\/a> a new board, with Ahmed Farid tapped as non-executive chairman to replace Lasheen.<\/li>\n<li><strong>Pfizer eyes investing in <\/strong><strong><a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/3\/14\/462006\/Business\/Markets--Companies\/Pfizer-cooperating-with-Egypt-to-digitise-healthca.aspx\">digitizing<\/a><\/strong><strong> our healthcare system:<\/strong> Pfizer is in discussions with the government and other healthcare stakeholders to help digitally transform Egypt\u2019s healthcare field.<\/li>\n<li><strong>The Financial Regulatory Authority has <\/strong><strong><a href=\"https:\/\/alborsaanews.com\/2022\/03\/01\/1515217\">approved<\/a><\/strong><strong> raising the maximum <\/strong><strong>policy for <\/strong><strong>microinsurance<\/strong><strong> products to EGP 200k<\/strong> from EGP 100k.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Suez Canal revenues jump in February after toll hikes: Revenues were up 15.1% y-o-y to post USD 545.5 mn last month, canal authority head Osama Rabie said in a statement. The authority hiked transit tolls by 6% for most ships at the start of February, followed by another increase of up to 10% for all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,72,76,146,871,551,7103,615,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544424","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-financial-regulatory-authority","tag-pfizer","tag-regulation-watch","tag-speed-medical","tag-suez-canal","tag-taqa-arabia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"77668c15-0bcd-4252-9406-a555be783755","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544405],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Suez canal revenues jump + regulating the cosmetics industry - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez canal revenues jump + regulating the cosmetics industry\" \/>\n<meta property=\"og:description\" content=\"Suez Canal revenues jump in February after toll hikes: Revenues were up 15.1% y-o-y to post USD 545.5 mn last month, canal authority head Osama Rabie said in a statement. The authority hiked transit tolls by 6% for most ships at the start of February, followed by another increase of up to 10% for all [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-02T04:12:01+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez canal revenues jump + regulating the cosmetics industry\",\"datePublished\":\"2022-03-02T04:12:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/\"},\"wordCount\":244,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"Pfizer\",\"regulation watch\",\"Speed Medical\",\"Suez Canal\",\"TAQA Arabia\",\"UAE\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/suez-canal-revenues-jump-regulating-the-cosmetics-industry\/\",\"name\":\"Suez canal revenues jump + regulating the cosmetics industry - 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Suez Canal revenues rose 11.5% y-o-y during FY2017-18 to USD 5.585 bn, up from USD 5.008 bn in FY2016-17, according to the Suez Canal Authority. The canal\u2019s revenues during the current fiscal year mark an all-time high, authority chief Mohab\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639050,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/sisi-to-inaugurate-20-factories-in-sokhna-in-february-canal-revenues-down-mom\/","url_meta":{"origin":544424,"position":1},"title":"Sisi to inaugurate 20 factories in Sokhna in February, canal revenues down MoM","author":"enterpriseam admin","date":"19 October 2017","format":false,"excerpt":"President Abdel Fattah El Sisi will inaugurate 20 factories in Ain El Sokhna in February, Suez Canal Authority head Mohab Mamish said yesterday, according to AMAY. Mamish also announced that Suez Canal revenues increased 3.4% y-o-y to USD 4.35 bn between January and October 2017. September saw revenues of USD\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556528,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/gasc-buys-360k-tonnes-of-wheat-suez-canal-revenues-up-12-6-so-far-this-year\/","url_meta":{"origin":544424,"position":2},"title":"GASC buys 360k tonnes of wheat + Suez canal revenues up 12.6% so far this year","author":"enterpriseam admin","date":"28 October 2021","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 360k tonnes of wheat from Russia, Romania and Ukraine for shipment between 1-10 December at an average price of USD 328.05 per tonne FOB and USD 360.03\/mt CFR, according to Reuters. Egypt has been relying less of Russian wheat, which accounted for\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579382,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/05\/suez-canal-receives-record-monthly-revenues\/","url_meta":{"origin":544424,"position":3},"title":"Suez Canal receives record monthly revenues","author":"enterpriseam admin","date":"5 February 2023","format":false,"excerpt":"SUEZ CANAL-Another record-breaking month for Suez Canal revenues: Suez Canal revenues grew 47% y-o-y in January to an all-time monthly high of USD 802 mn, according to a Suez Canal Authority (SCA) statement. Some 2.15k vessels transited the canal last month, up 21.5% y-o-y, according to the figures. The authority\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/75.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629171,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/suez-canal-revenues-jump-to-usd-479-3-mn-in-april\/","url_meta":{"origin":544424,"position":4},"title":"Suez Canal revenues jump to USD 479.3 mn in April","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"Suez Canal revenues increased to USD 479.3 mn last month, up from USD 463 mn in March, Reuters reports.","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634144,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/suez-canal-revenues-rise-5-4-in-2017\/","url_meta":{"origin":544424,"position":5},"title":"Suez Canal revenues rise 5.4% in 2017","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Suez Canal revenues rose 5.4% y-o-y in 2017 to USD 5.3 bn, up fractionally from USD 5 bn in 2016, Al Borsa reports. 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