Egypt's revenue from the Suez Canal was $422.1 million in April, a government website said on Wednesday, up from $420.1 million in March.
The fastest shipping route between Europe and Asia is one of Egypt's main sources of
DHL, a leader in global express shipping, plans to add new shipping lanes in Egypt and offer logistics support from Cairo International Airport as well as participate in the new Suez Canal project, a report said.
DHL is currently
The Suez Canal Authority said on Wednesday transit tolls would remain steady in 2015, except for a reduction in the discount for liquefied natural gas (LNG) carriers.
Authority chairman Mohab Mahmish told a news conference that th
GAC, a leading shipping, logistics and marine services provider, has smoothed the transit of the world’s largest sailing yacht through the Suez Canal and was at hand when it arrived at ports in Oman and Srilanka.
Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves.
Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's programme to revive an economy battered by years of political turmoil.
The third quarter of the year saw increased confidence in Cairo’s real estate market against an improving economic backdrop, and demand remained relatively active across all segments, a report said.
Developers are moving for
Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor said.
Hisham Ramez said in a telephone interview with Reuters that EGP61 billion had been raised a
Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.
The $4 bill