Shipping & Logistics News
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Tuk-tuks officially banned in New Cairo
Tuk-tuks are officially banned in New Cairo, following a decision by the head of the New Cairo Authority Abdel Raouf al-Ghaity.
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Hungary, Egypt sign deal on joint use of Suez canal economic zone
Representatives from 21 Hungarian companies and 65 Egyptian ones participated at the forum.
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Saudi Company Bahri, Suez Canal intend to establish joint venture
Osama Rabie considered that what the canal is currently witnessing is an unprecedented boom, despite the existing global crisis.
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ATM Misr, King Long launch bus factory in Egypt at LE1B
The factory spans over 164,000 feddans, its production capacity in the first year is 500, and provides employment for 12,000.
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Suez Canal revenues rose to $8B: Prime Minister
Osama Rabie considered that what the canal is currently witnessing is an unprecedented boom, despite the existing global crisis.
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Damietta Port handles 30 container, cargo ships
As many as 30 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours.
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EBRD launches second phase of Suez Canal digitalisation project
The bank is helping the SCZone to develop an efficient, competitive and eco-friendly business environment that is attractive to international investor
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Fourth metro line to extend from Rehab City to new Administrative Capital
The Japan International Cooperation Agency approved a loan amounting to US$306 million to finance part of fourth line of the Cairo metro.
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Transportation ministry to fully operate from New Administrative Capital starting from March
The Minister explained that some employees have been working from the ministry’s new administrative capital headquarter since October 2022.
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Metro ticket prices to increase by LE 2 for tickets covering 25+ stations
Currently, the metro ticket prices are LE 5 for 9 stations, LE 7 for 16 stations and LE 10 for 17+ stations.
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Suez Canal revenues hit new records, amounting to LE 18.2 bln
The revenues, according to CAPMAS, exceed the level recorded in the previous month of November, which was 17.3 billion pounds.
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Suez Canal Economic Zone launches Chinese projects in billions of dollars
These projects would lead to the creation of no less than 5,000 direct and indirect job opportunities for Egyptians.
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Egyptian customs thwarts more than 21,000 smuggling operations in year
Ghattouri pointed out that the number of customs evasion reports during the past year amounted to 21,647.
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National Navigation Company of Egypt signs up with Veson
NNC’s key objectives in pursuing this project were to ensure the effective management of resources and a continuous flow of data in the organization.
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Egypt-based MCV aims at German market with electric bus model
Manufacturing Commercial Vehicles (MCV) from Egypt announces a BEV electric bus developed specifically for the German market.
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Abu Qir Container Terminal among 10 most expensive marine projects globally
The project's estimated cost is at $730m (EGP22.1bn) and it involves the construction of a new container terminal shoreline.
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Egypt's Suez Canal amends tolls for crude oil tankers
These additional fees are temporary and can be modified or canceled according to the changes in the maritime transport market, the circular said.
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$1.25bn worth of fodder imports released from Egyptian ports
Elkosayar added that 199,000 tonnes of corn and soybeans, at a value of $96m, were released from 26 January to 9 February 2023.
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House approves deal with AFD to finance Abu Qir metro project
The House of Representatives approved agreement with the French Development Agency (AFD) to finance the Alexandria-Abu Qir metro project.
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Egypt enters world’s top ten emerging domestic logistics markets
“The biggest mover in the top ten was Egypt which climbed five places to number nine, displacing Turkey,” said the index’s authors.