Shipping & Logistics News
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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%
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Over 6,600 ships opted for longer Cape of Good Hope transit amid Red Sea tensions
Osama Rabie stated Sunday that over 6,600 ships have opted for South Africa’s Cape of Good Hope – bypassing the Suez Canal route.
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Egypt revives 50-year-old railway in Sinai development push
Transport Minister Kamel El Wazir opens first passenger service for half a century on line linking Al Ismailia with Bir El Abd in the north-eastern.
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Egypt's container terminal expansion amidst Red Sea crisis
In 2023, the Egyptian container ports handled approximately 8.37 million TEUs, with the lion's share of 88% being processed through key ports.
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Suez Canal revenue down by $6 billion over regional tensions
The Suez Canal, a vital artery for global trade, is the shortest shipping route between Europe and Asia. It is one of Egypt's main sources of currency
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Four Alliances Compete for $285 Million Egyptian Railway Renovation Project
This project estimated at around $285 million, as confirmed by government officials to Asharq Bloomberg.
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The Velaro High-Speed Train for Egypt
In total, 41 Velaro high-speed trains will be produced for Egypt’s new railway system to travel at speeds of up to 250 km/h.
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Investments of SCEZ’s industrial zones hit $6 bln within 2 years
The SCZONE has succeeded in achieving remarkable trading rates, despite the various regional and global circumstances.
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Egypt test runs its new monorail
The new trains are part of a £2.3 billion contract for Alstom to construct and run a 61-mile-long monorail network in the Egyptian capital.
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Egypt’s Monorail Project Starts Trial Operations in October
El-Wazir emphasized Egypt’s commitment to expanding cooperation with the UK, highlighting the potential for joint ventures in industrial development.
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Egypt's Suez Canal Signs 9 Deals Worth Over $1.1B With Chinese Firms
The deals cover the first project of its kind in Egypt and the Middle East and Africa (MENA) region for the bromine industry and chlor-alkali project.
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Egypt, China ink contract to produce Bromine Ore at SCZone
Egyptian Prime Minister Moustafa Madbouly witnessed the signing of a $110 million investment contract on the sidelines of the Forum on China–Africa.