{"id":656902,"date":"2024-12-11T00:00:00","date_gmt":"2024-12-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/11\/a-new-ship-scrapping-and-recycling-project-at-damietta-port\/"},"modified":"2024-12-11T00:00:00","modified_gmt":"2024-12-11T00:00:00","slug":"a-new-ship-scrapping-and-recycling-project-at-damietta-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/11\/a-new-ship-scrapping-and-recycling-project-at-damietta-port\/","title":{"rendered":"A new ship scrapping and recycling project at Damietta Port"},"content":{"rendered":"

Good afternoon, friends.<\/strong> This issue is packed with local and international news, which show no signs of letting up as we inch closer to the weekend.<\/p>\n

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THE BIG STORY TODAY<\/p>\n

Egypt\u2019s first ship scrapping and recycling project takes off: <\/strong>El Wehda Industrial Development Company signed an MoU with The Holding Company for Maritime and Land Transport to establish a new ship recycling project at Damietta Port, spanning 2 mn sqm, according to a Transport Ministry statement<\/a>. The project, which is set to be the first of its kind in the Arab region and Africa, will recycle large, medium, and small ships, construct new vessels, and handle ship repairs for vessels up to 400 m long. The project also aims to produce 1.5 mn tons of scrap annually within five years, reducing reliance on imported scrap and supporting the local steel industry.<\/p>\n

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THE BIG STORY ABROAD<\/p>\n

Syria\u2019s new interim prime minister Mohammed al Bashir hopes to rebuild Syria <\/strong>despite brutal FX rates and financial distress.<\/strong> Speaking to Italy\u2019s Il Corriere della Sera, al Bashir acknowledged their poor financial standing, but promised to relieve mns of refugees and provide basic services to the Syrian population. Following Bashar al Assad\u2019s fall, the EU has halted admitting displaced Syrians into their countries, giving refugees no option but to return home. But al Bashir remains determined to end his time in office \u2014 with a self-imposed deadline of 1 March \u2014 with Syria under better circumstances.<\/p>\n

But Israel has given Syria no moment of reprieve, striking the country 500 times in the two days since Assad\u2019s departure,<\/strong> with the aim of seizing and occupying Syrian land while the country tries to recover.<\/p>\n

In the meantime, Syrian civilians are desperately search for loved ones who were forcibly <\/strong>disappeared by the Assad regime,<\/strong> likely thrown into torture camps. Forensic examiners have been trying to catalogue those who were killed in the inhumane prison network to help families identify their missing relatives. (Reuters<\/a> | CNN<\/a> | NYT<\/a>)<\/p>\n

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