Latest in Tag: ports Highlight

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Latest in Tag: ports

4% growth in maritime traffic at Alexandria, Dekheila ports

The maritime traffic to/from the Alexandria Port Authority reached 341 ships in October 2017, compared to 327 ships in October 2016, an increase of 4%, according to a report issued by the authority. The authority manages the Alexandria and El-Dekheila ports. The total volume of traded goods in both ports increased to 4.8m tonnes in …

Daily News Egypt

Natural resources to be used in Upper Egypt development project

Upper Egypt’s natural resources will be tapped into to develop the region through the Golden Triangle Project, the second largest developmental project run by the Egyptian government. The project seeks to establish a new industrial capital city through constructing a global, touristic, mining, economic, commercial, and industrial centre. It will also create a logistic and …

Daily News Egypt

Wheat bought by Egypt’s GASC stuck in Russian port: Traders

Reuters – Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia’s Novorossiisk port, after the trade house selling the grain had problems opening the importer’s letters of credit, traders said. Egypt’s state wheat buyer the General Authority for Supply Commodities (GASC) bought the two 60,000-tonne shipments from global commodities trader …

Daily News Egypt

DP World to repay $3 bln October loan early with cash

By Praveen Menon / Reuters DUBAI: DP World, the world’s third-largest port operator, will repay a $3 billion loan six months ahead of schedule, it said on Monday, the latest Dubai entity to pay off debt early this year. The firm, one of the more profitable assets of debt-laden Dubai World, said the repayments will take …


DP World $1 bln loan attracts big demand, March deal seen

By David French and Michelle Meineke / Reuters DUBAI: DP World, the world’s third-largest port operator, has attracted strong demand from both local and foreign banks for a $1 billion loan it wants to raise to help refinance a $3 billion facility maturing in October, bankers told Reuters. While the bank group is not expected to …


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