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Posted on 2021-10-06 09:12:53
Highlights of WETEX and Dubai Solar ExhibitionHH Sheikh Ahmed bin Saeed Al Maktoum inaugurates 23rd WETEX and Dubai Solar Show. HH Sheikh Ahmed bin Saeed Al Maktoum was received by HE Matar Humaid Al Tayer and HE Saeed Mohammed Al Tayer. The opening was also attended by HE Mariam bint Mohammed Saeed Hareb Almheiri, HE Lieutenant General Dhahi Khalfan Tamim, HE Abdulla Al Basti, HE Dawood Al Hajri, HE Hilal Saeed Al Marri, HE Dr. Hamad Bin Sheikh Ahmed Al-Shaibani, HE Ahmed Buti Al Muhairbi, HE Saif Humaid Al Falasi, and HE Ahmed Bin Shafar. Diplomats and officials from the government and private sector were also present. The exhibition aims to achieve integration between all sectors of the energy industry and bring together trade and technical sectors whilst facilitating the creation of new trade opportunities, enhancing an exchange of ideas and experiences, and showcasing the latest innovations. More than 1,200 companies have a lot to offer you this year at WETEX & Dubai Solar Show. WETEX and Dubai Solar Show have plenty of sessions to learn and understand sustainability. Amazing participation by our 10 international pavilions at WETEX & Dubai Solar Show 2021.
Posted on 2021-08-31 08:36:46
Jordan signs deal with Egypt, Iraq over regional energy ventureEgypt will provide energy to Iraq via Jordan. According to the Egyptian Minister of Electricity, Mohamed Shaker, Egypt has agreed to provide Iraq with 700 megawatts of electricity by expanding the electricity network with Jordan in a $2.2 billion project. The project is part of a comprehensive agreement signed by Egypt and Iraq in December 2020, and it is expected to be completed in 2024. He said that about 500 megawatts will be added to a joint network linking Egypt and Jordan, bringing the total capacity to 2000 megawatts. He also said that the link between Jordan and Iraq will be built in two phases, with the first phase consisting of strengthening Egyptian supplies to Jordan and the second phase consisting of building 300 kilometres of supply lines from Jordan to Iraq. "The overall cost of the project is estimated at 35 billion Iraqi pounds ($2.2 billion)," he said, "which will allow Egypt to supply Iraq with 700 megawatts via Jordan." Egypt's electric power capacity is at 35,000 megawatts.
Posted on 2021-08-31 08:29:33
Siemens Energy develops green hydrogen industry in EgyptSiemens Energy develops green hydrogen industry in Egypt Siemens Energy and the Egyptian Electricity Holding Company inked a memorandum of understanding to build a hydrogen-based sector with the capacity to export to other nations in the future. Egyptian Prime Minister Adly Mansour Madbouly and Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker. Siemens Gamesa owns a 67 percent share in Siemens Energy, which was founded by the Siemens Group's old gas and electricity division. The firm offers cutting-edge technology such as renewable energy, hydrogen generation, and logistics, as well as financial and technical support. The latest agreement is based on a letter of intent signed in January by Siemens Energy and the Egyptian Electricity Holding Company, which lays the groundwork for long-term cooperation in Egypt to expand the hydrogen-based industry. Siemens Energy and Power Holdings will encourage investment, technology transfer, and project implementation. Egypt's hydrogen production is reliant on renewable energy. Siemens Energy and EEHC will continue to develop a pilot project with 100-200 megawatts of electrolyzer capacity as part of the first steps, Siemens Energy said, which will help drive early technology deployment, create a partner landscape, and establish and test the regulatory and certification environment. Purchase and identification of logistical concepts as soon as possible.
Posted on 2021-08-31 08:22:30
Express Cargo Village Project at Bahrain AirportBahrain has issued a request for proposals for the BIA Cargo Express Village project. The Bahrain Airport Company (BAC) has published a request for proposal (RFP) for construction work at the Bahrain International Airport's Cargo Express Village (BIA). The scope of contract covers the building, testing, and commissioning of Phase 1-A of Cargo Express Village, according to Bahrain Tenders Board. Among the important facilities being planned are a 12,500-square-meter warehouse zone, two power substations, a landside access road from Al Rayya highway, a vehicle parking zone and security guard house at the Cargo Express Village's entrance, as well as water tanks, a pumping station, and an emergency gate.Zone A will have a 5,000-square-meter warehouse dedicated to shipping company FedEx, as well as other storage facilities spanning 7,500 square metres. The scope of work on the airside of the Cargo Express Village, according to BAC, includes an airside security wall with accompanying works, an emergency gate, and airside roadways and yard. Only Grade A and Grade AA-rated building contractors registered with the Kingdom's Ministry of Works would be eligible to bid, according to the Tender Board. The deadline for submitting bids has been set for September 12th, according to the announcement.
Posted on 2021-08-24 09:53:59
Egypt strengthens its presence in the green hydrogen market with a new investmentMan and Taqa, have teamed together for a green hydrogen pilot project in Egypt. Egypt's green hydrogen development is being reported on. Two private businesses have chosen to collaborate on a pilot initiative to develop this alternative energy. Man Energy Solutions is a company that specialises in the manufacture of diesel engines and heavy-duty turbo gear. The Augsburg-based firm will collaborate with Taqa Power, a Cairo-based affiliate of the Taqa Arabia Group. Man Energy Solutions will supply technical information to Taqa Power on the utilisation of electrolysis for a hydrogen plant solution as part of the cooperation. The process of transforming electrical energy into chemical energy, especially hydrogen, is known as electrolysis. The manufacture of green hydrogen is thus enabled by the transformation of clean electricity. "This is an intriguing project with a valuable partner in a country that recognises the critical role of green hydrogen in the transition to a global economy that is climate neutral. It's also a great chance for Man Energy Solutions to show off its knowledge at every level of the hydrogen economy's evolution. Ghassan Saab, Head of Energy Business at Man Energy Solutions, says, "We look forward to working closely with Taqa Power to develop the ideal solution that will enable them to position themselves strongly in what will be one of the most important markets of the future." Said by Taqa team.
Posted on 2021-08-24 09:43:08
Brimore Inc. received $3.5 million in fundingBrimore, an Egyptian social commerce network, has raised $3.5 million in funding. Pre-Series A is designed to bring producers and customers together. Brimore, a Cairo-based social commerce network, said today that it has secured $3.5 million in a Pre-Series A round headed by Algebra Ventures, with participation from Disruptech, Vision Ventures, and existing investors 500 Startups and Flat6Labs. Almost a year ago, the business raised $800,000 in a seed fundraising round headed by Algebra Ventures and Endure Capital. Brimore, founded in 2017 by Mohamed Abdulaziz, Ahmed Sheikha, and Mahmoud Refaay, provides nationwide distribution to small and medium-sized manufacturers in Egypt through its huge network of individuals (freelancers) who sell and recruit others to sell consumer items in their local communities. Hundreds of SMEs are said to be using the platform, which incorporates supply chain and payment features, to offer thousands of products such as packaged meals, personal care, and household goods. Brimore stated in a statement that it has helped tens of thousands of social sellers start and build their businesses with no initial capital in all 27 governorates across Egypt. According to the firm, its usual sellers are women who earn hundreds of dollars per month and reach over a million people. “I'm proud of the trust our investors are exhibiting in Brimore,” Mohamed Abdulaziz, co-founder and CEO of Brimore, remarked on the occasion. In such a difficult period, we continue to provide unique chances to our micro-distributors and suppliers. Our growth approach was founded on excellent fundamentals and robust unit economics, allowing us to maintain a 10X year-over-year growth rate despite a number of hurdles, including the Covid-19 pandemic.”
Posted on 2021-08-24 09:12:10
Details of the development of Cairo Metro Line 1CAIRO METRO LINE 1 UPGRADING AND RENOVATION The Cairo metro network's metro line 1 will be rehabilitated as part of the project. The signalling system, telecommunications equipment, centralised control system, power supply, track maintenance, and electrical and mechanical systems are all part of the rehabilitation. The project is intended to save existing metro line 1 customers a considerable amount of time while also adding capacity to satisfy increased demand that would otherwise be absorbed by less environmentally friendly forms of transportation. The metro line improvement will increase the reliability of the present metro service while also reducing peak-hour headways. It will provide a quick and economical mode of transportation for the general public, particularly for those who cannot afford to buy a private car. Furthermore, due to the anticipated mode shift from road to public transportation, the project will result in lower vehicle operating costs, lower air pollution, and fewer accidents. The EIB's new "Economic Resilience" initiative, which aims to increase economic resilience in adjacent countries by updating and expanding economic and social infrastructure and boosting growth, may provide funding for this project. Job creation and long-term development.
Posted on 2021-08-17 10:44:54
Egypt builds the largest sewage treatment plant | constguide.comEgypt builds the largest agricultural wastewater treatment plant in El Hammam city on the North Coast Press release: Egypt will grant a partnership of four construction companies with credit facilities totaling 2 billion pounds to build the largest agricultural wastewater treatment plant at El-Hamam on Egypt's northern coast. Arab Contractors, Orascom Construction, Hassan Allam, and Metito Group, according to Emirates NBD, are among the four companies involved in the project. Die Bank fügte hinzu, dass es erwartet wird, dass the treated water is used to expand agricultural lands and develop the western delta, which can handle up to 6 million square metres of water every day. Located at Al-Hammam, Yemen. They said it would help irrigate 500,000 acres in Western Desert's western delta. Aiming to improve banking services for construction businesses, Emirates NBD will highlight its role in supporting infrastructure projects and government policies to increase agricultural land in Western Sahara and build Urban Communities.
Posted on 2021-08-17 09:38:36
Red Sea Company signs a contract to provide satellite dataThe Red Sea Development Company in the Kingdom of Saudi Arabia signs a contract to provide satellite data with King Abdulaziz City for Science and Technology The Red Sea Development Company in Saudi Arabia has committed to supply high-resolution data for crucial places within the company's headquarters to King Abdulaziz City for Science and Technology (KACST). Using satellites to collect data in order to track real estate asset developments and monitor the progress of the Red Sea project, which spans a 28-thousand-square-kilometer area. According to John Pagano, CEO of the Red Sea Development Company, this technology effort will enable the company to monitor any unanticipated consequences of real estate asset development on the surrounding environment and work quickly to discover alternate solutions. Monthly photos that are reliable and thorough, with an emphasis on understanding how actual development processes affect natural destination habitats. According to him, this cooperation would allow the company to closely monitor major assets, both natural and real estate, during the building phase, assisting efforts to promote renewable tourism around the world.
Posted on 2021-08-10 14:12:26
Egypt is building silos worth 140 million dollars in East Port SaidNew | Egypt is building silos worth 140 million dollars in East Port Said CAIRO – Yahya Zaki, the head of the Suez Canal Economic Zone, and Haitham Noah, a representative of the Roots and Pink Goods Company, inked a deal in East Port Said to develop a bulk grain and silos station. East Port Said produces 1.5 million to 7.2 million tonnes of grain each year. He went on to say that the project, which is estimated to produce roughly 400 direct and indirect jobs, will be erected on a 267,000-square-meter site with a 500-meter length. Bulk stations are also important in the grain industry; most farmers sell their grain crops to a station known as a grain elevator; the farmer chooses which grain elevator to use based on what is most cost-effective for them; the farmer personally delivers the grain to the rural grain elevator via trucks; and it is sold at a cost-effective price. Rail or truck are frequently used to transport grain to these terminals. These grain elevators feature higher storage capacities and can move grain by rail or river barges more effectively.
Posted on 2021-08-10 13:08:07
Hassan Allam Holding wins the contract for sewage treatment in Minya | constguide.comHassan Allam Holding wins the contract for sewage treatment in Minya Hassan Allam Building Company, a subsidiary of Hassan Allam Holding, has been awarded the construction of the Maghagha sewage treatment plant in Minya by the Ministry of Housing and Urban Development, according to a Facebook post by Hassan Allam Holding. The company will be in charge of engineering, procurement, and construction for the entire facility, which will have a capacity of 30,000 cubic metres per day and will be expanded to 60,000 cubic metres per day in the future. The plant will be built through a joint venture between Hassan Allam Construction and PGESCo's engineering division. This project is part of Hassan Allam Holding's strategy to "take advantage of the group's multiple synergies and vertical integration," according to Hassan Allam Holding. The Maghagha Wastewater Treatment Plant Project is expected to play a critical role in reducing pollution of local water sources and improving wastewater collection and treatment in the five towns surrounding Magagha. Furthermore, the holding company stated that this is part of Egypt's aim to provide sufficient infrastructure for rural cities and improve the quality of life for these disadvantaged populations.
Posted on 2021-08-10 13:01:40
Egypt builds a huge treatment plant to solve the Giza water crisisEgypt builds a huge treatment plant to solve the Giza water crisis The Egyptian government has announced the construction of a large water station known as "Dahab Island" in the hopes of alleviating the drinking water crisis in Giza Governorate. After pilot tests, Major General Ahmed Rashid, Governor of Giza, announced that Dahab Island will be operational in its second phase, with a production capacity of 160,000 metres per day. Rasheed stated that operating the plant in its two phases will greatly ease water pressure and availability concerns impacting some districts in Giza. The first phase was finished and started in 2019. The expansions to the Dahab Island plant will cost EGP 640 million in total. The water is purified at the Dahab Island treatment plant utilising sophisticated DynaSand technology, which filters water constantly via sand. In Egypt, fast sand filtration is used in the majority of water treatment plants. Egypt has 146 sewage treatment plants with a total daily capacity of five million cubic metres, with a total cost of 29.5 billion pounds and a cost of 10,000 pounds to treat a cubic metre of water, according to the official. Two more stations are being developed by the Ministry. Bahr al-Baqar is one of them, with a daily capacity equal to the sum of its 146 predecessors. In January 2020, Minister of Planning and Economic Development Hala al-Saeed announced the allocation of 236 million pounds to provide electric power to the sewage treatment plant in Bahr al-Baqar.
Posted on 2021-08-10 12:26:53
Egypt encourages foreign investment in medicine | constguideEgypt encourages foreign investment in medicine, energy and construction. Egyptian Finance Minister Mohamed Maait announced that Egypt wants to increase foreign investment in the most attractive sectors, including energy, petrochemicals, pharmaceuticals, communications, information technology, transportation, communications, and construction, and that the government wants to attract new segments of investors, including the state of India. governmental. Maait's remarks came after a meeting with Ajit Gupt, the Indian Ambassador to Cairo, and his delegation, during which the Minister of Finance stated that Egypt's national projects will provide promising development opportunities for local and foreign investment, as well as more job opportunities and a boost to the country's economy. He emphasised that the government is keen to promote an investment-friendly climate and encourages businesses to expand their investment and production operations, resulting in increased exports and improved global competitiveness. He went on to say that the ministry is eager to conduct initiatives in many domains in collaboration with its Indian counterpart, as well as discuss methods to expand investment opportunities and boost tourism between the two nations. Many Indian corporations, he said, are eager to increase their investment.
Posted on 2021-08-04 13:50:31
Egypt will receive the first electric train from China in AugustIn August, Egypt's National Railways Authority will receive the first train from China for the new electric train project El Salam / New Administrative Capital / Tenth of Ramadan City. Egypt's National Railways Authority has stated that the train will be tested as soon as it gets in Egypt. On the line, a total of 22 trains will operate, and the train is expected to arrive in time for the construction to be completed. The first and second phases of operation will begin in October, and the 103-kilometer line will be managed for 15 years by the French corporation RATP. The corporation will not establish ticket rates under an agreement unless it is paid a monthly fee for management and maintenance, which does not include the cost of spare components needed for maintenance. Passengers will be able to connect to the Cairo Metro's third line at Adly Mansour metro station via the electric train project. It will also connect to the El Alamein / Ain Sukhna Electric Express Train, which is currently under development, by meeting the Administrative Capital monorail line at Administrative Capital Station 2.
Posted on 2021-08-04 13:35:58
Japan's contribution to the development of Abu Al-Rish Hospital | constguide.comEgypt received a 19-million-dollar contribution from Japan for Abu Al-Rish Hospital. Rania Al-Mashat, Egypt's Minister of International Cooperation, and Khaled Abdel Ghaffar, Egypt's Minister of Higher Education and Scientific Research, signed an agreement with the Japanese Embassy and the Japan International Cooperation Agency (JICA) to increase JICA's grant for the construction of Abu Al-Rish Children's Hospital's new outpatient clinic building to $19 million. Japanese Ambassador Noki Masaki and personnel from the JICA office in Cairo were present during the signing. Al-Mashat lauded Egyptian-Japanese relations on the level of international cooperation and development financing, which has contributed over $28 million to the health sector since 2020, according to his address. A $9 million grant for medical equipment to battle the coronavirus pandemic is included in the aforementioned number, as is a $19 million grant for the hospital structure. Al-Mashat emphasised the significance of Abul-Rish Hospital, which sees over 25,000 patients each month. Despite the pandemic, Al-Mashat said that Japan and Egypt have reached a number of important agreements outside of the health sector, including a $236 million development financing agreement for the energy sector, and that her ministry is working to strengthen economic ties between Egypt and its development partners to help the country achieve its development goals. Taking steps toward reaching the Sustainable Development Goals of the United Nations. Abdul Ghaffar, for his part, hailed the Japanese government and JICA for their support of the hospital, noting that the grant will help fund the construction of the outpatient clinic facility, medical gadgets and equipment, and training programmes for the hospital's nurses and doctors. Increased funding for the hospital project will help to alleviate overcrowding and waiting lists, according to Abdel Ghaffar, who also expressed the Egyptian government's desire to improve health services and learn from Japanese experiences in the field.
Posted on 2021-07-18 19:51:03
International Trade Expo (ITE) announces the launch of the fourth edition of the exhibition LED Middle East ExpoInternational Trade Expo (ITE) announces the launch of the fourth edition of the exhibition LED Middle East Expo The Fourth International Exhibition of LED Technology, Modern Lighting Systems, Decorative Lighting and Electronic Components from August 26-28 At the Cairo International Convention Center - Nasr City The fourth session of the International Exhibition of LED Technology, Modern Lighting Systems, Decorative Lighting and Electronic Components will be launched from August 26-28, God willing. LED MIDDLE EAST EXPO2021 The only exhibition in Egypt and the Middle East specialized in the field of LED technology, modern and decorative lighting systems, electronic components and production lines. After the great success achieved in the third session of the exhibition, with the participation of 125 national and foreign companies working in the fields of manufacturing the latest lighting technology systems of all kinds, in addition to energy-saving lighting systems, solar lighting systems, electronic components and other indoor and outdoor lighting systems, screens and LED lighting systems that serve the fields of advertising. and advertising Where the number of visitors reached 17,000 thousand specialized visitors over 3 days from Egypt, Arab, African and foreign countries The exhibition coincides with the state's tendency to replace the current lighting and lighting systems with new energy-saving systems, which limits harmful emissions to the environment, in addition to limiting the import of energy derivatives needed to operate power stations, in order to save billions of dollars of hard currency and pump it into other tracks in support of the national economy, in addition to synchronizing the exhibition. With the state's economic development plan, as energy consumption has developed significantly during the past five years, raising efficiency and rationalizing energy consumption has become an imperative to confront The increasing demand for it and its positive reflection towards improving the environmental impact by reducing greenhouse gas emissions necessitates a reduction in fuel consumption in power plants Thermal energy, as the state launched a national plan to improve energy efficiency in Egypt, in order to achieve an expected saving of up to 5% of the average consumption during the five years The latest in some sectors (domestic - public lighting - drinking stations - sewage ... and other sectors Mr. Hesham Rushdy - Managing Director of the organizing company stated that we have succeeded in bringing major foreign companies working in the components of modern lighting systems and electronic components (70 specialized companies) to serve the Egyptian factories, which contributes to accelerating the deepening of this industry in Egypt in support of the state's tendency to rationalize energy consumption And the generalization of the use of saving lighting systems in all parts of Egypt. where it comes from The early start of marketing the exhibition in its next session in response to the desire of companies to participate in the fourth session of the exhibition for the possibility of reserving distinguished places after the great success achieved in the third session, where the companies that participated in the last session of the exhibition took the initiative to reserve their places early and it is expected that they will participate in the fourth session of the exhibition a lot One of the new companies that were not able to participate in the non-completion of the opening of new factories, which are expected to invade the Egyptian market with their products in 2021, where the exhibition is marketed through our agents in Arab, foreign and African countries, and we have received very positive responses stating the desire of many foreign companies Participation in the exhibition due to the importance of the Egyptian market in this field and the distinguished position that Egypt enjoys and its openness to African markets, especially after the suspension of exhibition activities internationally after the Corona pandemic, which spread early last year Exhibition areas All LED systems, applications, components, lighting and lighting requirements of all kinds, electronic display screens, solar lighting systems, electronic components and production lines .... Sponsored by major national and Arab companies working in the field of lighting technology, rationalization and energy saving systems UAE Qassem Al-Khalid Group (Kounis) (Main Sponsor) Fiona Electrical Industries - Port Said (founding sponsor) Company - SMART CHINA SKD (Platinum Sponsor) United United (Platinum sponsor) Fotina - Egypt (Platinum sponsor) (Tesla - Trust Overseas Group) (Gold Sponsor) Just for LED Company (golden sponsor) Sega M Company (Golden Sponsor) Fabi Company - China (golden sponsor) Participation in specialized official magazines, including: Constguide Fuzed Magazine Yellow Media Electricity Market Magazine Electricity and Energy Markets Magazine Electricity World Magazine Encyclopedia of Egyptian Industries - Magdy Amer For more information and to subscribe WWW.LEDMIDDLEEAST-EXPO.COM Face book page (LED MIDDLE EAST EXPO) 01001645408
Posted on 2021-07-15 14:28:04
Renaissance Dam file | Egypt News constguide.comEgypt asks the United Nations to support the call for a binding agreement on the Ethiopia dam On Wednesday, Egypt's Foreign Minister indicated that he would approach the United Nations Security Council to request that Egypt, Sudan, and Ethiopia negotiate a binding solution on this contentious topic within six months. In an interview with the Associated Press, Sameh Shoukry stated that ten years of discussions over the Blue Nile hydroelectric dam had failed to assure a sufficient flow of water downstream to Sudan and Egypt, where 100 million people rely on the dam and the river as their only supply of water. Shoukry stated that Egypt and Sudan have requested a Security Council meeting in light of the Grand Ethiopian Renaissance Dam's "existential threat" to the peoples of the two countries, as well as Ethiopia's decision to begin filling the dam's reservoir for the second time, which he claims violates the 2015 agreement. In addition to the 15 member states, the Security Council met on Thursday and heard from the Sudanese Minister of Foreign Affairs and Ethiopia's Minister of Water, as well as a briefing from the UN Special Envoy for the Republic of Sudan and the Horn of Africa on the death of the UN Environment Coordinator.
Posted on 2021-07-15 14:02:51
petrochemicals project | Egypt News constguide.comEgypt invests $7.5 billion in a petrochemicals project that will be the largest in Africa During the meeting, president Abdel-Fattah ELSI informed the public on the Suez Canal petrochemical complex, the biggest petrochemical complex in the region, of a national project to be developed in partnership between the petroleum industry und the international company Bechtel. On Thursday, Chairman El-Sisi, in the attendance of Prime Minister Mostafa Madbouly, Chairman and Chief Intelligence Officer Abbas Kamel and Minister of Oil and mineral resource, Brendan Bechtel, received Bechtel's CEO. The official President of the Republic spokesman, Bassam Rady, said that Sisi welcomes the Bechtel Company officials and emphasised the strong relations between Egypt and the United States in all areas of cooperation and strategic relations. He emphasised Egypt's desire to strengthen the two countries in order to achieve common objectives. The meeting reviewed Egypt's global investment, which spans decades in various sectors. In view of the comprehensive stability that Egypt currently has with a modern infrastructure and a network of roads, axes and ports that are internationally-standard SIIS was also working with Bechtel to develop its activities in Egypt especially in the energy and transportation sectors.
Posted on 2021-07-15 13:56:41
Dubai extinguishes a ship fire in Jebel Ali Port | Breaking News constguide.comA fire on board a ship in Dubai's Jebel Ali port was put out on Thursday after it broke out during the night as a result of an explosion in a container, according to the Dubai Media Office (DMO). Mona Al Marri, Director General of the Dubai Media Office (DMO), told Al Arabiya TV that the fire occurred in the Middle East's largest shipping centre as a result of a crate explosion. There were no casualties, according to the DMO Ship Management Office, and port authorities had taken steps to ensure that normal shipping was not disrupted. According to Al Arabiya, authorities in Dubai, a major economic hub and one of the United Arab Emirates' seven emirates, stated the explosion was caused by "friction or high temperatures" during the hot summer months. The explosion was heard in residential areas 22 kilometres from Jebel Ali. Overnight, the DMO published footage of water being pumped to put out the flames, and Reuters witnesses said that the vehicles involved in port activities continued in and out of the port while civil defence vehicles arrived to deal with the fire. DMO did not identify the ship in question but said it had the capacity to carry 130 containers and added that the ship was preparing to dock on a berth away from the port's main shipping line, and officials told Al Arabiya that the crew had been evacuated. State-run DP World, owner of Jebel Ali Port which handled 13.5 million containers in 2020, had no immediate comment when contacted by Reuters
Posted on 2021-07-08 14:17:51
The Egyptian Stock Exchange is declining after the second filling of the Renaissance DamUrgent - The Egyptian Stock Exchange is declining after the second filling of the Renaissance Dam The Egyptian stock market fell on Wednesday after Ethiopia informed Egypt and Sudan that the second filling of the Grand Ethiopian Renaissance Dam had begun. The main Egyptian index fell by about 3% in the first hour of trading on Tuesday, during weak trading, after Ethiopia told Egypt and Sudan last night that the second filling of the dam had begun. The main market index has dropped 1.89 percent to 10,152.4 points at 08:48 GMT, with a trade value of 236.4 million pounds. Commercial International Bank was down 1.4 percent, Talaat Moustafa Group was down 4.5 percent, Fawry was down 1.9 percent, El Sewedy Electric was down 2.7 percent, and Pioneers Holding was down 4.7 percent. "What is happening is fear operations by investors that push them to sell in the market," said Rania Yacoub, Chairman of the Board of Directors of the Triple Securities Brokerage Company. "The market will consolidate again during the end of trading, as long as there are no strong sales from institutions in the leading shares in the market." There's no need to be concerned."