Latest in Tag: suez canal Highlight
Latest in Tag: suez canal
Nasr and Mamish tour Vietnam and Singapore, promote SCZone projects
The new investment law includes incentives and guarantees for investors of the SCZone: Nasr
Suez Canal achieves $2.938bn revenues within 7 months
100% of containers by the sea between Asia and Europe crossed the Suez Canal after its development, says the report
Qatari ships banned from entering Suez Canal ports: Mamish
Anti-Qatar countries vow sanctions against Qatar, Doha rejects accusations
Investment Minister, Mamish discuss implementation of promotional plan for SCZone projects
A plan in place to develop the ports of the region and develop an electronic system
Suez Canal revenues hit $440m in MayÂ
The last month saw an increase of 0.7% against April
The heritage of economic citizenship: aârefugeâ for advancement
A lot of unnecessary energy has already been expended on Egyptian television arguing over the planned reforms ofresidency and naturalisation procedures, with accusations of treason flying both ways. The idea is that you get a five-year long residency if you stash a lot money in the bank that the government will then spend and invest …
Port Said Engineering Works Co. building boats for Canal Company for Mooring and Lights
Company allocated EGP 25m for development in FY 2016/17, EGP 21m in 2017/18
Egypt to participate in Barcelona exhibition to promote investment in Suez Canal areaÂ
Cooperation protocols with Spanish companies to be implemented within days, says Darwish
Developing ports in Suez Canal area will attract more investments: Mamish
Mamish showed the Minister of Investment the process of developing six ports in the area
Suez Canal revenues decline in wake of sluggish global trade
Global trade volume needs to rise by 9% a year for Egypt to gain its return on investment (ROI) for the New Suez CanalÂ
Darwish signs MoU to establish Polish industrial zone at Suez Canal
Ahmed Darwish, chairperson of the Authority for the Suez Canal Economic Zone, signed a memorandum of understanding with the Pomeranian Special Economic Zone during his visit to Poland, to create a Polish industrial zone at the Suez Canal area. The signing was attended by Egyptian ambassador to Poland, Hossam El-Kaweish, minister plenipotentiary of trade at …
318 ships transit Suez Canal last week carrying 17.26m tonnes
Suez Canal traffic data showed that 318 ships transited the canal, with a total load of 17.26m tonnes, between 6-12 January. An average of 45.43 ships transited the canal per day during that period, with an average load of 2.47m tonnes per day. The average load per ship was about 54,280 tonnes during that period. …
ETAA earns EGP 3m in FY 2015/2016 from Suez Canal certificates: official
Return on assets, investment funds, and takaful programme rose to EGP 21.6m during FY 2015/2016, compared to EGP 13.5m during FY 2014/2015 at a growth ratio of 60%
293 ships transit the Suez Canal in 6 days carrying 15.3m tonnes
Suez Canal traffic data showed that 293 ships transited the canal, with a total load of 15.3m tonnes, in the last six days of last week. An average of 48.83 ships transited the canal per day during that period, with an average load of 2.55m tonnes per day. The average load per ship was about …
Egypt is very promising and has a sizeable economy: DP MENA senior vice president
Sokhna port has a 25% market share in Egypt
213 ships transit the Suez Canal in 5 days carrying 12m tonnes
Suez Canal traffic data showed that 213 ships transited the canal, with a total load of 12m tonnes, from 11 to 15 December. An average of 42.6 ships transited the canal per day during that period, with an average load of 2.4m tonnes per day. The average load per ship was about 56,340 tonnes during …
281 ships transit the Suez Canal in 6 days carrying 15.8m tonnes
Suez Canal traffic data showed that 281 ships transited the canal, with a total load of 15.8m tonnes, from 26 November to 1 December. An average of 46.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day. The average load per ship was about 56,230 tonnes …
National projects are failing due to lack of jobs around it: Hamza
279 ships transit Suez Canal in 6 days carrying 15.3m tonnes
Suez Canal traffic data showed that 279 ships transited the canal, with a total load of 15.3m tonnes, from 19-24 November. A daily average of 46.5 ships transited the canal during that period, with an average load of 2.55m tonnes per day. The average load per ship was about 54,840 tonnes during that period. Compared …
Suez Canal Economic Zone: the Egyptian dream that could begin a renaissance
Hong Kong, Shenzhen, Singapore, Jebel Ali, Hamburg, Rotterdam, Tangier, and Panama are waterways that brought about major changes for their countries. However, the oldest waterway, the Suez Canal, has maintained its position as one of the worldâs most important waterways since its opening on 17 November 1869. These other waterways around the world have managed …
National megaprojects: economic growth stimulus or political propaganda?
Major projects have reduced unemployment and increased economic growth, says Al-Sisi
270 ships transit Suez Canal in 6 days carrying 14.9m tonnes
Suez Canal traffic data showed that 270 ships transited the canal with a total load of 14.9m tonnes from 5-10 November. An average of 45 ships transited the canal per day during that period, with an average load of 2.48m tonnes per day. The average load per ship was about 55,200 tonnes. Compared to July …
UPDATE: Interest rate on New Suez Canal investment certificates increases to 15.5%
This move is necessary, but investing in projects to increase exports is more profitable, says economist
275 ships transit Suez Canal in 6 days carrying 15.2m tonnes
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 15.2m tonnes, from 22 to 27 October. An average of 45.8 ships transited the canal per day during that period, with an average load of 2.5m tonnes per day. The average load per ship was about 55,270 tonnes during …
The feasibility of Egyptâs national projects
On 18 October, , said that Egypt has to focus on developing its investment climate instead of national projects. However, nobody feels the economic effects of the three main national projects that Abdel Fattah Al-Sisi announced would be implemented when he became president over two years ago, including developing the Suez Canal area, the …
Suez Canal negotiates with foreign shipping lines to prepay transit fees 3 years in advance
The Suez Canal Authority, in coordination with the Central Bank of Egypt (CBE), started direct negotiations with several international shipping lines, including Maersk, CMA CGM, and MSC, to prepay transit fees three years in advance. The negotiations included France, Switzerland, and Denmark. These negotiations complement the negotiations opened by the authority with the representative offices …
Bayt El Khebra Consultancy aims to attract investments to Egypt worth $2.6bn in 3 years: CEO
Bayt El Khebra for Investment and Financial Consultancy is currently considering a project to operate and manage container ships in the Suez Canal worth $600m in initial costs
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 …
Suez Canal forms partnership with International Expertise Association Academy to establish $1bn iron, steel plant
The project will be established on Suez Canal territory, north-west Gulf of Suez with a production capacity of 1.2m tonnes
275 ships transit Suez Canal in 6 days
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 16.8m tonnes, from 8-13 October. An average of 45.83 ships passed through the canal per day during that period, with a daily average load of 2.8m tonnes. The average load per ship was about 61,000 tonnes. Before the inauguration …