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Transport Ministry to reject AD Ports’ sweetened MTO for Alex Containers
Good morning, ladies and gents. In our big story today we look at the latest win for our automotive localization…
AD Ports bumps up Alex Containers offer to EGP 27.47 per share to consolidate 51.3% majority
The MTO is essentially an internal restructuring play for Abu Dhabi’s ADQ to move its Egyptian maritime assets under one…
QNB Egypt arranges EGP 11.98 bn facility to expand East Port Said
A 12-bank consortium led by QNB Egypt has arranged an EGP 11.98 bn syndicated loan for Kased Khair to build…
How Maersk’s new fuel trial puts Egypt’s multi-bn green hydrogen pipeline at risk
Egypt’s competitive advantage lies in its vast, uninhabited desert — but only if green hydrogen and methanol are what you’re…
Ain Sokhna Port moves to fully automated exports to fast-track shipments
The fully digital platform replaces paper-based processes, which have historically caused clearance delays and increased the risk of manipulation
Egypt opens a fresh Europe to Gulf transit corridor via Damietta
PLUS: Egypt and Cyprus inked a framework agreement, which sets the stage for more agreements “for the exploitation of Cyprus’…
Egypt likely to dodge any direct environmental impact from adrift Russian LNG tanker
The Arctic Metagaz was abandoned earlier this month off Libya’s coast after allegedly being attacked by Ukrainian naval drones
Saudi crude fuel exports via Egypt’s Sumed pipeline unaffected by Yanbu strike
The Sumed pipeline is operating at its maximum capacity of some 2.5 mn bbl / d
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