Shipping & Logistics News
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Free Wi-Fi services launched on Cairo’s green line metro stations
The Green Line, managed by the French company RATP Dev Mobility Cairo in collaboration with Orange Egypt, now offers free Wi-Fi at key stations.
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Hassan Allam appointed for major Red Sea terminal project
UAE’s AD Ports Group, a key player in global trade and logistics, announced Wednesday that it has appointed Egypt's Hassan Allam Construction.
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Fitch Solutions revises down Egypt real GDP growth to 3.7% over Suez Canal disruption
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7.
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President al-Sisi signs law obliging EDSCO to build logistics station at Alex. Port
EDSCO will be obliged to implement the project in 30 years, starting on the date of land acquisition.
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Egyptian-Italian RORO shipping route to increase Egyptian exports to European markets
The move comes within the framework of directives of President Abdel Fattah El Sisi to transform Egypt into a regional hub for global transport.
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Egypt talks with Iraq on $500 million railway renovation projects
The Iraqi government is expected to make a final decision about the final result of these negotiations by March 2025.
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7 things you need to know about Egypt’s monorail project
It not only addresses Cairo’s current transit challenges but also sets a benchmark for large-scale urban mobility projects worldwide.
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Egypt’s Nowlun closes $1.7 million Seed round
Egypt-based logistics startup Nowlun has raised $1.7 million in seed funding, led by Nama Ventures and A15.
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Cairo’s New Monorails: Revolutionizing Urban Mobility
The metropolitan area of Cairo is adding a 97 km monorail system to the transit systems in the city, set to become the world’s longest monorail system
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Freighter Runs Aground on Egypt's Red Sea Riviera, Spilling Fuel
On Friday, a coastal freighter ran aground on a reef off El Quseir on the Red Sea coast of Egypt, spilling an unknown quantity of fuel.
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Egypt’s RoRo Line Launch: Major Step in Transforming Egypt into Regional Logistics Hub
As part of this transformation, the government is focusing on improving and expanding the country's port infrastructure.
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Egypt’s Qara secures $2.6 million to propel KSA expansion plans
Qara empowers producers with a fully integrated digital platform to ensure product authentication and full traceability to the end consumer.
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Iraq may build a railway from Basra to Egypt’s Sharm El-Sheikh
This initiative reflects ongoing efforts to improve regional transport links and could play a crucial role in fostering economic ties between them.
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Swvl’s USD 4.2M Contracts boost Egypt’s Booming Mobility Market
Swvl secured USD 4.2 million in new contracts in Egypt, boosting its footprint across industries like FMCG and telecom.
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New Egypt Metro Line to Use International Tender
Cairo Metro Line 6 is planned to span 34 kilometres, with 26 stations connecting northern Cairo to southern districts.
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Egypt launches maritime shipping line to 2 Russian ports
The line is scheduled to witness two trips per week, ensuring the speedy arrival of products to Russian markets.
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SCZone, Arab-Brazilian Chamber explore new logistics hub in Egypt
El-Din highlighted SCZone's strong international competitiveness and its access to a range of global trade agreements.
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Egypt’s Rabbit Mobility raises $1.3m to fuel expansion plans
Egyptian micromobility startup Rabbit Mobility has raised a US$1.3 million funding round to fuel its expansion across Egypt and other North Africa.
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Pressure from loss of Suez Canal revenue pushes Egypt to consider IMF deal review
The International Monetary Fund this year approved a $5 billion top-up to an agreed $3 billion loan for the Arab world’s most populous nation.
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Egypt’s Suez Canal Authority unveils new yacht discounts
Egypt’s Suez Canal Authority (SCA) will introduce significant reductions in transit and mooring fees for yachts, with discounts ranging from 20 to 50%