Latest in Tag: New Suez Canal Highlight
Latest in Tag: New Suez Canal
334 ships transit Suez Canal last week carrying 17.4m tonnes
Suez Canal traffic data showed that 334 ships transited the canal from 14 to 20 October, with a total load of 17.4m tonnes. An average of 47.7 ships transited the canal per day during that period, with an average load of 2.49m tonnes per day. The average load per ship was about 52,100 tonnes during …
Al-Sisi’s mega projects: a road to growth or to inflation?
Al-Sisi announced on Friday that the state is currently managing several national mega projects that have been executed by more than 1,000 companies and nearly 2 million Egyptian workers.
From Press Syndicate storming to Red Sea islands: Al-Sisi’s controversial moves as president
Al-Sisi’s term has witnessed several unprecedented developments, but not all of them are impressive
10% decline in maritime operating costs due to New Suez Canal: Bank of Alexandria
Suez Canal boosts competition for available investment opportunities and new projects, according to study
UNB-Egypt aims to acquire 5% of Egyptian banking market in 10 years: Vice Chairman
UNB supports Emirati investors in Egypt, and issued letters of guarantee worth $150m for the National Drilling Company to dig the New Suez Canal
NBE branches to sell commemorative Suez Canal gold coins
Deputy Chairman of the National Bank of Egypt Mahmoud Montasser said all NBE branches welcome citizens who are interested in acquiring 21 carat gold commemorative coins.
Egypt looks for long-term payoff on the New Suez Canal
By Oxford Business Group The expansion of Egypt’s strategically vital Suez Canal, completed in early August, could be a significant step towards solidifying its position as a logistics and trade centre, leveraging its location astride major East-West shipping routes. The goal of boosting traffic on the 163 km long canal – a key source of …
Will banks fund state budget deficit or development projects?
The CBE could help banks do both if provided with sufficient liquidity, says former governor
New Suez Canal will positively impact Egyptian, global economy: UAB
The project aims to develop the canal as a waterway and increase the number of transiting ships to 97 vessels per day by 2023, instead of the current 49
New Suez Canal rescued waterway from failure to accommodate international trade growth: SCA
165% increase in loads over 32 years assures the continuation of the trade growth transiting the canal
Government issues decree to establish General Authority of Economic Zone of Suez Canal
The authority will own state-owned lands and establishments in the zone. According to the law, the authority’s chairman of the board of directors must submit an annual report to the Prime Minister on the activities in the zone
People on the margin of New Suez Canal’s opening
Dreaming of open horizons of water and playing with miniature boats might have been the way young Marwa El-Slehdar spent her childhood nights, aspiring for a major that only men dominated. El-Slehdar who is the first and only shipmaster in Egypt added a new milestone to her outstanding resume last Thursday on the inauguration of …
Al-Sisi meets with heads of states, government officials
The president received an invitation to Greece, which will include a three-way meeting between Egypt, Cyprus and Greece
63 minor injuries during New Suez Canal celebrations
Egypt inaugurated the expansion of the Suez Canal Thursday
New Suez Canal to ‘alter balance of power’: Political expert
National project seeks to boost Egypt’s struggling economy, along with political support domestically and internationally
New Suez Canal unlocks opportunities for Egypt and world: Misr Italia CEO
The project is a national development project, not just a shipping route, says Hany Elassal
New Suez Canal’s 8 important messages to the world on its inauguration: Arab Sudanese BankVP
Egypt’s ability to implement major projects in record time is the most prominent message of the canal digging
Direct investment funds currently target Suez Canal projects
Infrastructure and feeding industries, logistics services, technological application are among most prominent anticipated projects
Latest LED lighting innovations to provide new opportunities to policy makers: Philips Country Manager
Potential growth prospects provide a very positive outlook for the Egyptian market, says Abul Ghar
Investing in Suez Canal zone facilitated by law-sponsored advantages
In the Suez Canal zone, investors will be subject to 5% income tax, versus 10% – 20% outside the SEZONE
EGX has sufficient liquidity to finance canal projects: Chairman
Consultations began with government agencies, including Suez Canal Authority to issue companies’ shares in stock market
Al-Sisi promises political reform to follow New Suez Canal inauguration
President announces national projects to come and says social justice must be attained
Al-Sisi receives international delegations for New Suez Canal launch
Invitees include 29 state leaders among 800 officials from 121 countries, say officials
The 41,000 pillars of the New Suez Canal
Thousands of workers lived in desert conditions for months, with little reward from the state
International conference to promote Suez Canal Development Axis’ final plan: Salman
Suez Authority and canal’s economic area will be merged by Prime Minister’s decree
ABB studies investing in infrastructure, logistics in Suez Canal
ABB studies the plan to invest infrastructure and logistics projects in the Suez Canal projects; we may provide developed ship motors equipment with ABB’s products
Swiss Federal Councilor to attend Suez Canal opening
Economics minister and vice-president of the Federal Council will also be holding bilateral talks with heads of state and government whilst in Egypt
Egyptian construction companies can build Cairo Capital in 1 year: EFCBC
Implementation of Administrative Capital requested to commence after New Suez Canal inauguration
Al-Sisi approves amendments to law organising Suez Canal area investment
Economic zone will include special customs office launched in coordination between authority head and Minister of Finance, according to Sarie-Eldin
I expect presence of 5,000 eminent figures in New Suez Canal opening: Moutran
Ceremony will surprise everyone and the cost is yet to be determined, says Memac Ogilvy & Mather Chairman