Hutchison will increase container capacity at Ain Sokhna Port with a new terminal (Ain Sokhna Port) Published Mar 17, 2023 5:37 PM by The Maritime Executive Global ports operator Hutchison Ports intends to compete for a bigger market in Egypt and to use its operations as a further base to build Mediterranean trade. The company ...

Most stock exchanges in the Gulf region rose in early trade on Wednesday, tracking firm global equities as stability in oil prices on expectations of fuel demand recovery in the world’s top importer China boosted sentiment. Crude prices – a key catalyst for Gulf financial markets – rebounded on Tuesday after falling 2.3% in the ...

CAIRO (AP) — Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country’s statistics bureau said Tuesday. The state-run Central Agency for Mobilization and Statistics released figures showing that the annual inflation was at 21.9% last month, up from 19.2% in November. That’s ...

Courtesy Alexandria Port Authority Published Dec 29, 2022 12:01 AM by Njiraini Muchira A major hard currency crisis in Egypt is causing a massive backlog across the country’s ports, where goods worth $9.5 billion are stuck – even as the government engages in desperate measures to facilitate their release and avoid a spike in the ...

TCI Sanmar Chemicals, a 100 percent subsidiary of India’s Sanmar Group, is planning to invest $15 million in Egypt in 2023 for expanding production capacity for calcium chloride and polyvinyl chloride (PVC) by implementing four new production lines with a total capacity of 225,000 tonnes per year. “The project would take two years to be ...

Central Bank of Egypt to Combat Fake US Dollar Currency Exchange Fake currency exchanges and abusive use of credit and debit cards outside of Egypt has been outlawed as a result of new regulations put in place by the Central Bank of Egypt (CBE), local media reports. The CBE noted, in an official statement, ...

Egypt’s Strategic Commodities Will Last 4-6 Months: Ministry of Supply Photo credit: Ministry of Supply and Internal Trade Egypt’s present reserves of wheat, sugar, corn, oil, and rice are expected to last four to six months, disclosed the Minister of Supply and Internal Trade Ali Moselhi in a meeting with Egyptian President Abdel Fattah ...

PayMint leverages innovative solutions to improve infrastructure of the internal trade system and support the government’s vision to safeguard small farmers and producers. This entails setting up a state-of-the-art e-platform that provides and categorises commodities via an organised market to boost the competitiveness of small farmers and producers. The protocol reflects expansion-focused plans of both ...

The Moroccan government signed a Memorandum of Understanding with the Cherif Phosphate Office (OCP) related to the new “green investment program.” King Mohammed VI presided over the signing ceremony that was held at the Royal Palace in Rabat on Saturday. The $13 billion investment plan covers the period between 2023 and 2027, as well as ...

The Aseer Investment Forum kicked off on Saturday in southern Saudi Arabia, to promote investments and highlight the opportunities available in this particular Saudi region, which the government seeks to turn into one of the prominent tourism destinations on the global map. The Public Investment Fund (PIF) had announced the launch of the Aseer Investment ...