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Egyptians Abroad Investment and Development to launch logistics investment fund in 2020
The Egyptians Abroad Investment and Development Co plans to launch its logistics sector-focused fund next year, CEO and Vice Chairman…
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Denmark’s A.P. Møller Capital eyes investing in Egypt’s 10th of Ramadan dry port
Denmark-based A.P. Møller Capital, the investment arm of Maersk, is eyeing investing in the 10th of Ramdan dry port and…
Ain Sokhna-East Africa shipping line to open October 2020
The Public Enterprises Ministry announced a new shipping line from Ain Sokhna to East Africa that would serve six unspecified…
Tax Authority to exempt exporters from cargo services VAT
EXCLUSIVE- Tax Authority exempts exporters from paying VAT on shipping services: The Tax Authority has issued a decree that will…
Egypt considering two China-heavy consortiums for USD 8.5 bn Alamein-Sokhna electric rail
Two consortiums of predominantly Chinese companies have submitted their technical and financial offers to construct the USD 8.5 bn Alamein-Ain…
Shipping lines ask for cheaper fees to return to East Port Said Port
Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for…
SCCT expects losses this year on the back of rising fees in East Port Said
Suez Canal Container Terminal (SCCT) is expecting to incur losses this year due to its inability to compete amid rising…
Tarros Med to start first maritime service to Libya
Tarros Med Egypt announced it launched the first regular cargo shipping service between Egypt and Libya on 24 March, according…
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