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TCI unloads first Panamax vessel at Adabiya Port by using lighterage operation
TCI’s team met the vessel offshore and used floating cranes and barges to offload the cargo at sea
Stellantis in talks with gov’t to start assembling Fiat, Citroen, and Opel models locally. PLUS: SODIC, CIB + Chemicals & Fertilizers Export Council, Misr Ins., Eaton, MSMEDA
Stellantis was one of several car makers that expressed interest in the Egyptian Automotive Industry Development Program
Gov’t cracks down on electricity theft with higher tariff for those caught. PLUS: Egypt-Italy power link, veterinary vaccine factory
Electricity being consumed by buildings illegally will come at the hefty cost of EGP 2.15 per kWH
Three terminals to be handed over to operators by year end
Five companies are hoping to secure the contract to manage and operate Alexandria Port’s passenger terminal
Egyptian ports see gains and challenges in World Bank port performance index
Port Said once again came in as the highest-ranking Egyptian port, securing the 16th spot
Fertilizer manufacturer Biogrand to open SAR 25 mn KSA factory in early 2025. PLUS: East Qantara Dry Port, EU trade agreement, Al Modawat Specialized Medical
The factory will be established in partnership with unnamed Saudi investors
Some 1.6k meds set for price hikes by the end of 2025. PLUS: Home Group Development, Dream Agro, Global Biodiversity Framework Fund, Wfrley, Egypt Healthcare Authority
Companies could receive the greenlight to hike the prices of some 600 types of meds before the end of 2024
AD Ports subsidiary acquires Egyptian maritime services provider Safina
AD Ports acquired a 70% stake in Safina’s parent company IACC Holdings in 2022
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