Tuesday 3 March 2015
 
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Suez Canal

DHL plans Egypt expansion, Suez Canal centre

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

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Suez Canal sets discount for LNG carrier transit toll at 25pc, down from 35pc

The Suez Canal Authority said 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

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Suez Canal cuts discount for LNG carriers

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

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GAC provides support services for largest sailing yachts

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. The integra

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Egypt hires German firm to bore Suez Canal tunnels

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. Un

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Egypt signs deals with six firms to dredge new Suez Canal

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.

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Cairo real estate sees return of active demand

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

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Egypt raises $8.5bn for Suez Canal expansion

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

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Egypt's new Suez Canal to cost $4 billion

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

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GIANT PROJECT: Egypt to dig new Suez Canal

Egypt is planning to build a new Suez Canal alongside the near-145 year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia. "This giant pr

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