Maghreb Edition

Egypt: Access toll on Suez Canal increases by 6%

Posted On 4 November 2021

Number of times this article was read : 439

Egypt’s Suez Canal Authority said Thursday it will hike transit tolls on the key waterway by six percent, after netting record revenues last tax year even amid the coronavirus pandemic. The new fees will come into place from February 2022, but tourist vessels and liquefied natural gas (LNG) carriers will be exempted, Suez Canal Authority chief Osama Rabie said in a statement. In July, authorities said the canal had netted record revenues of $5.4 billion in the previous tax year, despite the coronavirus pandemic’s impact on world trade, plus a six-day blockage by a giant cargo ship. Straddling the Red Sea and the Mediterranean, the Suez Canal accounts for roughly 10 percent of global maritime trade, and is a source of much-needed foreign currency for Egypt. Nearly 17,000 boats have crossed the Suez Canal so far this year, according to the authority.

AFP
The North Africa Journal's WhatsApp Group
.

Most Recent Stories from the Region

EU–Morocco Tomato Dispute Deepens Over Western Sahara Labeling

A new agricultural agreement between Morocco and the European Union has ignited a tense dispute over tomato imports, origin labeling, and Western Sahara. European farmer groups accuse Moroccan exporters of unfair competition and misuse of labeling rules, while Moroccan producers argue that they are simply meeting a growing EU demand that local producers cannot fully supply.

Algeria Raises Minimum Wage and Jobless Benefits for 2026

Algeria has announced an increase in its national minimum wage, lifting it from 20,000 to 24,000 dinars per month starting in January 2026, alongside a rise in unemployment benefits from 15,000 to 18,000 dinars. The measures are presented as part of a broader effort to strengthen social protections and address rising living costs in a hydrocarbon‑dependent economy.

Algeria Rolls Out 5G Network with Six-Year Expansion Plan

Algeria has formally launched its 5G mobile network in Algiers, with licenses granted to the country’s three major carriers—Mobilis, Djezzy, and Ooredoo. Over a planned six‑year rollout, coverage will expand from priority regions to the rest of the country, supporting faster data speeds, low‑latency services, and new applications in sectors such as agriculture, urban management, and industry.

Written by The North Africa Journal

The North Africa Journal is a leading English-language publication focused on North Africa. The Journal covers primarily the Maghreb region and expands its general coverage to the Sahel, Egypt, and beyond, when events in those regions affect the broader North Africa geography. The Journal does not have any affiliation with any institution and has been independent since its founding in 1996. Our position is to always bring our best analysis of events affecting the region, and remain as neutral as humanly possible. Our coverage is not limited to one single topic, but ranges from economic and political affairs, to security, defense, social and environmental issues. We rely on our full staff analysts and editors to bring you best-in-class analysis. We also work with sister company MEA Risk LLC, to leverage the presence on the ground of a solid network of contributors and experts. Information on MEA Risk can be found at www.MEA-Risk.com.