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Ports-Africa North

Suez Canal’s revenue up 25 per cent in 2022

Egypt earned nearly $8 billion from the Suez Canal in 2022, an increase of 25 per cent from the previous year, the head of...

NMDC secures a $272 million Suez Canal dredging contract

The project is expected to be completed in 2023 National Marine Dredging Company (NMDC) says it has won a contract worth AED 1 billion ($272...

Egypt achieves 53 oil & gas discoveries in 2022

Egypt has witnessed a spike in its energy reserves in 2022, with 53 new oil and gas discoveries, according to the Ministry of Petroleum...

Egypt’s Currency Crisis is Creating a Massive Port Backlog

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 -...

Egypt releases $5bln goods stuck at ports in 23 days

The Egyptian government has released around $5 billion worth of goods from ports during the period from December 1st to 23rd, the Cabinet Spokesperson...

World’s key shipping route invites foreign investment

Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the waterway or over a proposed fund that would help to manage its...

Suez Canal welcomes foreign investment, sovereignty protected

Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the waterway or over a proposed fund that would help manage...

Madbouly directs government to reduce time required for goods release at ports: Egypt

Egyptian Prime Minister Mostafa Madbouly has directed the government to reduce the time required for releasing different goods at ports, particularly strategic commodities, according...

Suez Canal invites FDI, conditionally

Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the waterway or over a proposed fund that would help to...

SCA Promises That it Will Not Sell Investors a Stake in Suez Canal

Egypt is looking for outside investors for the Suez Canal, but without giving up control over its operations, according to the Suez Canal Authority...
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