Shipping & Logistics News
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Traffic in Suez Canal normal after ship breakdown dealt with, SCA says
The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT).
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Suez Canal: Maximising resources
Ahmed Abdel-Hafez sounds out experts on plans to establish a fund to develop the Suez Canal.
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HCMLT to offer 25% of Egyptian General Warehouses on Nile Stock Exchange in Q1 2023
The Egyptian General Warehouses operates in the transportation and logistics sector in the areas of warehousing, customs clearance and goods transport
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President El-Sisi Follows-up on the Activities of the Suez Canal Authority
President El-Sisi gave directives to proceed with the implementation of the development strategy of the Suez Canal.
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Egypt studying new phases for Cairo Metro Line 4
Line 4’s Phase 1 extends approximately 19 kilometres from Hadayek El Ashgar Station to the centre of Cairo at El Fustat and includes 16 stations.
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Talgo inter-city trains enter service in Egypt
The new trains were manufactured at Talgo’s factory in Alava, Spain.
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Egypt to sell trains tickets to foreigners in Dollar, Euro
There are 1023 travelers, who paid the value of train tickets in foreign currency during the past days.
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All you need to know about Egypt’s first Talgo train ride between Cairo and Alexandria
The employees of the company said that their presence on the first ride comes to review the operation.
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Egypt's Suez Canal registers record revenue of $7.9 billion in 2022
Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said.
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Suez Canal Authority to acquire South Red Sea Shipyard
South Red Sea Shipyard is a private company operating in the Port of Safaga.
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Egypt denies intention to sell Suez Canal through newly established fund
The aim of establishing the fund is to increase the authority’s ability to contribute to the sustainable economic development.
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Egypt building 18 logistics, commercial zones with $1.61bln investments
These projects cover 14 governorates and provide about 250,000 direct and indirect job opportunities.
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Egypt's Suez Canal sees revenue of $8 bln in current fiscal year
Egypt's fiscal year runs from July 1 to June 30.
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Egypt is one of fastest growing markets, Uber supports national development projects
West expressed Uber’s mission to deliver a much broader economic impact in the Egyptian market, including becoming a zero-emission platform.
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Transport Ministry appeals to citizens not to dump waste on railway track
This comes within the framework of the expanded campaign launched by the Ministry of Transport under the title “Your Safety Matters to Us”.
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Damietta Containers and Port Said Containers to be listed on EGX in 1H 2023
CI Capital is serving as a financial adviser for the two offerings, while Fenby Financial Consulting will study their fair value.
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Egypt embarks on new plans to develop river transport on Nile River
Cairo has passed legal reforms to reorganize the river sector, which still remains marginal, in hopes this will catalyze much-needed investments.
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Morni invests $10 million in Egypt to acquire mobility startups
Egypt-based fintech investment platform Exits.me finalised a new buy-side mandate with KSA-based Morni Holding earlier this month in Dubai.
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Tech Mahindra To Establish Its First Global Delivery Center In Egypt
Tech Mahindra aims to hire more than 1000 employees over the next three years to serve both global and local customers from its new Cairo centre.
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Suez Canal revenues record remarkable increase in September
The number of oil tankers transiting the canal increased to reach 628 tankers last September, compared to 453 tankers in the same month in 2021.