Shipping & Logistics News
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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.
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Egypt to establish green logistics hub in Sokhna 360
BASF has entered into this MoU with Elsewedy Industrial Development, to build one of the biggest, and most sustainable logistic hubs in Sokhna 360.
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Ride-hailing app MOVE launched in Egypt
MOVE also offers a tech setup for school bus transportation that can be used by parents and school management.
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Deutsche Bahn operates Egypt's first high-speed rail network
A 15-year contract with a volume in the single-digit billion range was signed during the climate conference in Sharm el-Sheikh.
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Hutchison Ports bags $700 million container terminal deal in Egypt
Hutchison has inked two concession agreements with the Egyptian Government to operate the container terminals in Ain Sokhna and El Dekheila ports.
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Cartona raises $12M to scale and explore new verticals
Cartona was present in three Egyptian cities; it’s now in 11. The investment will allow them to cover all of Egypt.
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Khazenly raises $2.5m seed funding
Khazenly is an on-demand digital warehousing and fulfillment management platform that provides an omnichannel solution to help merchants digitize.
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Siemens Mobility wins $8.7bn high-speed rail deal in Egypt
Egypt signed a contract with Siemens and consortium to build about 2,000 kilometres of high-speed railways.
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Egyptian MaaS startup Swvl enters Turkish markets
Swvl, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator.
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CargoX extends agreement with Egypt
NAFEZA became the mandatory system for Egyptian ports on Oct. 1, integrating over 26 cargo clearance-related government systems.
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Egyptian social commerce startup Brimore raises $25M
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024.
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Egypt to establish EGP 2 bln logistical zone in Dakahlia
Egypt’s Supply and Internal Trade Minister Ali Moselhi announced Tuesday the start of the implementation of this major project to develop trade.
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EBRD approves €250 mln loan to establish Alexandria’s Abu Qir metro line
EBRD’s loan, alongside with other finances, will be utilised to transform Abu Qir’s railway to a green metro line.