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Trump demands American vessels pass Suez Canal without charge
Good morning, folks. It’s been a busy month for local business news — and it shows few signs of slowing…
Suez Canal Ports Company in the running for EGP 4 bn Taba Port development project. PLUS: Marco Group, Madinet Masr
The port is slated to give local exports access to new markets at lower costs
Arla puts Domty acquisition bid on ice pending demerger clarity. PLUS: NAS Investment Holding + EgyFert, Eni, Cheiron Energy, Post for Investment, Neric, G3A
Domty plans to re-engage a potential offer for the spun-off dairy business — assuming due diligence checks out
US’ Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr
The agreement includes the refurbishment of 100 diesel-electric locomotives
US investigates perceived constraints at global checkpoints including Suez Canal
The investigation will also look into the English Channel, the Panama Canal, and the Singapore Strait
Shell plans to invest USD 300 mn into its West Delta Deep Marine concession
PLUS- MSC to expand its footprint in Egypt
Egypt falls behind in global logistics ranking while Gulf nations climb
Egypt slid four spots to rank 24th in Agility’s 2025 Emerging Markets Logistics Index, outpaced by Gulf countries
EFG Finance will offload stake in PayTabs
PLUS- Dekheila Port’s USD 660 mn offshore facility takes a step forward
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