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.
To achieve that goal, the ministry works on attracting more investors to Egypt's maritime transport market.
The signing was attended by Minister of Transport Kamel al-Wazir, who also witnessed the signing of another memorandum between the same parties.
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.
Rabie also clarified the reasons behind the cancellation of the 15-percent discount offered to liquefied gas tankers.
The world has 32 landlocked developing countries that represent 1.1 percent of global trade, with half of them being African.
EVER AIM used the new Canal dug parallel to the original one.
The official pointed out that the Suez Canal accomplished revenues worth $530.7 million in FY2020/2021 with a hike of 20.7 percent.
President Abdel Fatah al-Sisi received a phone call Tuesday from Spanish Prime Minister Pedro Sanchez discussing economic and diplomatic cooperation.
That is the primary estimation.
That is the third highest in the international waterway's history dating back to 1869.
Suez Canal Authority Chairman Mohab Mamish stated on Monday that Egypt is preparing to launch shipping lines connecting Egypt with fellow African states.
Maersk to send the first shipping vessel through the Arctic route to collect data.
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 Minister Tarek Kabil issued a decree on Saturday to form a council for transportation, logistics and shipping.
The deals involved various sectors such as ceramics, electrical appliances, home furnishings, furniture, food products and garments.
The customs will continue to drop until they are completely eliminated in 10 years.
If we are not lucky enough to find a traveler we know to ship our goodies, Hitchhiker app does finds us a match.
Qatar planned to invest in an Israeli canal construction project in efforts to disrupt the Suez Canal, according to Gulf sources.
UPS suspended all shipping operations between Qatar, Egypt, Saudi Arabia, UAE and Bahrain.