Service News
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How did the Suez Canal break a record revenue?
In January 2023, the SCA had increased transit fees by 15 percent for all vessels and 10 percent for dry bulk and cruise ships.
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Egypt´s Suez Canal posts record-high annual revenue of $9.4bln
25,887 ships carrying 1.5 billion tons of cargo passed the navigation course in the FY 2022-2023, the highest record in the SCA's history.
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Egypt abolishes tax exemptions for state bodies in economic activities
The Egyptian Cabinet has abolished tax exemptions for state entities and affiliated companies in economic activities.
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Suez Canal Authority to sell 20 pct of subsidiary to boost private sector
The speculation came as Egypt has struggled with sharp financial pressure and an acute shortage of foreign currency.
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Egypt raises minimum wage for private sector workers by 11%
The National Wages Council (NWC) has approved an EGP 300 increase in the monthly minimum wage for workers in the private sector to become EGP 3000.
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Egypt sets up consulting firm for transport projects
The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company.
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GAFI signs tripartite MOU to establish Egypt’s 10th public free zone
The new freezone would be developed by an Italian alliance in Damietta Governorate.
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First batch of American locomotives arrives at Alexandria Port
This comes as part of the contract concluded with the American company Wabtec, which covers the warranty, maintenance and spare parts for 11 years.
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Supply Ministry Implements 21 Logistical, Commercial Projects in 17 Governorates to Create 250,000 Jobs
Ashmawy indicated that one of these projects is being implemented in Suez which is expected to represent a quantum leap in Egypt.
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Photos: Transport Ministry tests BRT shuttle bus on the Ring Road
A traffic lane has been allocated for it in each direction, and it will remain separate from the cars.
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SCZone head leaves for India
The move comes in accordance with presidential directives to lure more foreign investments, the Zone said in a statement.
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Trade Minister holds meetings with senior officials participating in St. Petersburg Economic Forum
The minister met with Sergey Dankvert, the Head of the Russian Federal Service for Veterinary and Phytosanitary Supervision.
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Sisi and CEO of French shipping CMA CGM discuss expansion in Egypt
The Tahya Misr multipurpose maritime terminal is expected to function as the heart of the logistical station established behind the Alexandria port.
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Egypt submits application to join BRICS
On June 2nd, the foreign ministers of the BRICS member countries, namely Brazil, Russia, India, China, and South Africa, met in Cape Town.
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Developing and renovating the Alexandria port cost LE 60B: Kamel El Wazir
The inauguration was attended by Defense Minister Mohamed Zaki, Transport Minister Kamel Wazir along other ministers.
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How to make your online shop successful
The online shop is the digital flagship of every e-commerce company. It has has also become important for stationary retailers and brands.
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Egypt’s plans to up its logistical infrastructure and reel in more transit trade
Port Said Port secured the 10th spot out of 348 ports worldwide in the World Bank and S&P Global’s Container Port Performance Index.
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Parliament greenlights 2 grants from EBRD to renovate Cairo Metro
The first grant from EBRD amounts to €1.850 million and will be used to appoint consultants to support the rehabilitation plan of Metro line 2.
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Egyptian Logistics Startup Trella Raises USD 3.5 M Funding
Trella is a real-time B2B technology platform and trucking marketplace that connects shippers and carriers.
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Egypt, ROK sign 460-mln-USD deal on financing Cairo metro project
The deal is for manufacturing 40 trains that include 320 carriages for the second and third lines of the metro in Cairo.