Service News
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Egypt plans to construct logistics zone in Safaga Port
The Egyptian government is gearing up for the construction of a logistics zone with an investment of $50 million.
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Egypt to increase minimum wages, pensions within two months
The Egyptian government is expected to increase the minimum wage for government employees and pensions – currently stand at EGP 4,000 and EGP 1,300.
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Light electric train starts operating to New Administrative Capital
Light rail stations were equipped with private parking spaces without any fees to attract private car owners to use public transportation.
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China-built container terminal starts operation in Egypt's Alexandria
Its first phase was delivered in October 2023, said the head of CHEC Egypt Duan Kun, adding the construction is now in the second phase.
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Omar Khairat to perform two concerts at Cairo Opera House in January
Egyptian composer Omar Khairat will give two concerts at the Cairo Opera House on January 25 and 26.
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Reviving Remittances: Egypt Explores Exporting High-Skilled Workers to Boost Economy
The meeting was concluded with a decision to merge groups of relevant ministers and officials into a team to develop a comprehensive action plan.
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Egypt's Qalaa Holdings to establish 2 railway lines in Eastern Africa
The meeting tackled establishing a logistic zone in Rwanda to store Egyptian exports.
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Egypt's PM Discusses with Maersk Officials Latest Developments in Red Sea
This came during a discussion between the prime minister Wednesday, via video conference, with officials of shipping Giant “Maersk" group.
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Egypt’s high-speed electric train connects airports, ports and urban areas: Al-Wazir
The high-speed electric train network, which will cover all parts of the country, will serve new and existing urban, touristic and industrial areas.
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Kuwaiti edtech Baim acquires Egypt's Orcas
Orcas was founded in 2019 by Hossam Taher and Amira El Gharib and it offers a tailored learning experience to K12 students in international schools.
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Egytrans and Links Investment Agree to Establish a Joint Logistics and Transport Company in Lucrative Saudi Arabian Mark
The new company will be poised to enter the transport and logistics industry, offering comprehensive services.
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Swvl to “carefully expand” in Saudi Arabia in 2024
Swvl has reportedly cut nearly one-third of its workforce in 2022, to achieve profitability and lower operating costs.
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Infograph: Egypt’s Suez Canal revenues jump 19.4% in Q3 of 2023
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in 2022
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EU working with Egypt to organise investment conference in spring: Berger
Head of the European Union delegation to Egypt Christian Berger said that the EU will organize a conference to highlight investment opportunities.
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Abu Dhabi Ports initials $3 mln agreement to develop, operate three Egyptian cruise terminals
The Abu Dhabi Ports Group initialed on Thursday a 15-year concession agreement, worth $3 million, with the Egyptian Red Sea Ports Authority (RSPA).
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Egyptian ed-tech startup iSchool raises $4.5m funding for international expansion
Egyptian ed-tech startup iSchool has raised US$4.5 million in funding to accelerate its expansion plans into six additional countries in MENA.
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Egypt’s ports are not for sale or acquisition: Minister
Egyptian Transport Minister Kamel al-Wazir stressed on Friday that Egypt’s ports are not for sale or acquisition.
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Shipping giant Maersk to divert vessels away from the Red Sea ‘for the foreseeable future
The diversion means avoiding the quickest path between Europe and Asia through Egypt’s Suez Canal, and taking the longer Cape of Good Hope.
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Egypt’s population growth declines by 8 percent in 2023
Egypt’s population reached 105.858 million on January 1, 2024, compared to 104.395 million million during the same period last year.
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Egypt agrees with AD Ports to develop Red Sea tourism terminals
The contract will also commit AD Ports Group to develop yacht and cruise ship tourism in Egypt, the ministry statement said.