Egypt makes steps to turn Damietta Port into Middle East's largest transit, logistics center

Wed, 11 May 2022 - 01:28 GMT

The prime minister told press that the alliance will invest almost half a billion dollars in the first phase alone in spite of the economic circumstances the world is undergoing.

Egypt aims for tripling cargo ships owned by shipping companies operating on its land

Wed, 11 May 2022 - 11:40 GMT

To achieve that goal, the ministry works on attracting more investors to Egypt's maritime transport market.

Egyptian, UAE coalition to build, operate Safaga Seaport's Multipurpose Terminal

Sun, 01 May 2022 - 11:00 GMT

The signing was attended by Minister of Transport Kamel al-Wazir, who also witnessed the signing of another memorandum between the same parties.

Arab countries are most influenced by Ukraine War: FAO regional representative

Tue, 22 Mar 2022 - 12:02 GMT

One of the reasons is that Russia and Ukraine combined fulfill 30 percent of the global market's needs of wheat, cooking oil, and grains.

Chairman reveals Ukraine War impact on Egypt's Suez Canal

Tue, 15 Mar 2022 - 12:32 GMT

Rabie also clarified the reasons behind the cancellation of the 15-percent discount offered to liquefied gas tankers.

WTO delves deep into suffering of landlocked developing countries

Wed, 29 Dec 2021 - 02:32 GMT

The world has 32 landlocked developing countries that represent 1.1 percent of global trade, with half of them being African.

For 1st time: giant container ship 'EVER AIM', Vista-class cruise ship 'COSTA FIRENZE' cross Suez Canal

Sun, 05 Dec 2021 - 02:45 GMT

EVER AIM used the new Canal dug parallel to the original one.

Suez Canal revenues estimated to rise by 10% in FY2021/22

Thu, 05 Aug 2021 - 12:33 GMT

The official pointed out that the Suez Canal accomplished revenues worth $530.7 million in FY2020/2021 with a hike of 20.7 percent.

Egyptian president, Spanish PM discuss economic, diplomatic cooperation

Tue, 08 Jun 2021 - 12:07 GMT

President Abdel Fatah al-Sisi received a phone call Tuesday from Spanish Prime Minister Pedro Sanchez discussing economic and diplomatic cooperation.

EVER GIVEN black box analysis is underway, Suez Canal losses estimated at $1B

Tue, 06 Apr 2021 - 11:59 GMT

That is the primary estimation.

Suez Canal Authority records revenues worth $5.61B in 2020

Sun, 03 Jan 2021 - 03:14 GMT

That is the third highest in the international waterway's history dating back to 1869.

Egypt to launch shipping lines in Africa: Mamish

Mon, 15 Jul 2019 - 04:29 GMT

Suez Canal Authority Chairman Mohab Mamish stated on Monday that Egypt is preparing to launch shipping lines connecting Egypt with fellow African states.

Suez Canal Route vs. Northern Sea Route: A cost-benefit analysis

Wed, 29 Aug 2018 - 04:14 GMT

Maersk to send the first shipping vessel through the Arctic route to collect data.

Walmart makes push to sell online goods at $10

Thu, 08 Feb 2018 - 07:05 GMT

Walmart Inc is asking vendors to supply it with more merchandise priced at $10 and up, as part of a major push to finally turn a profit at its online business.

Trade Ministry forms a council on transportation, logistics

Sat, 16 Dec 2017 - 03:10 GMT

Trade Minister Tarek Kabil issued a decree on Saturday to form a council for transportation, logistics and shipping.

Egyptian companies negotiate $16M deals with Iraqi counterparts

Sat, 02 Dec 2017 - 02:07 GMT

The deals involved various sectors such as ceramics, electrical appliances, home furnishings, furniture, food products and garments.

Mercosur pact gives furniture exports annual 10% reduction on customs

Wed, 01 Nov 2017 - 01:30 GMT

The customs will continue to drop until they are completely eliminated in 10 years.

Hitchhiker: ship your order with travelers via app

Tue, 19 Sep 2017 - 07:44 GMT

If we are not lucky enough to find a traveler we know to ship our goodies, Hitchhiker app does finds us a match.

Qatar offered Israel $3 billion to disrupt Suez Canal: Gulf

Wed, 05 Jul 2017 - 02:14 GMT

Qatar planned to invest in an Israeli canal construction project in efforts to disrupt the Suez Canal, according to Gulf sources.

UPS halts operations between Qatar, Egypt, Saudi and UAE

Fri, 09 Jun 2017 - 04:10 GMT

UPS suspended all shipping operations between Qatar, Egypt, Saudi Arabia, UAE and Bahrain.