Middle East – Page 7
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News
Container terminal deal for Egyptian port
An MOU has been signed to build a new container terminal at an Egyptian port.
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NewsUS warns again of Chinese investment in Haifa
The US has once again warned Israel to reconsider Chinese investment in the port of Haifa in Israel.
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NewsRebels withdraw from Yemen ports
Houthi rebels have pulled out of the ports of Hodeidah, Salif and Ras Issa as part of a deal struck between Houthi leaders and the Yemeni Government to enable humanitarian aid into Yemen.
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NewsDamietta aims to make just-in-time history
Egypt’s Damietta Port could be one of the first ports globally to use the just-in-time (JIT) concept prior to approval by the International Maritime Organization (IMO), according to the facility’s authority.
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NewsPotential Damietta Port and PSA partnership
Damietta Port Authority (DPA) and PSA International have met to discuss collaborating on future container handling projects at Egypt’s Damietta Port.
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NewsMiddle East ports ease Qatar restrictions
DP World has eased Qatar shipping restrictions in a move that follows Abu Dhabi Ports and allows third party shippers to move cargo to and from Qatar after an extensive ban.
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NewsMajor operator boasts of volumes growth
Port operator DP World handled 71.4m teu across its container terminals last year, with gross container volumes growing by 1.9% year-on-year on a reported basis and 2.9% on a like-for-like basis.
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NewsTime for a Middle East rethink
Despite their world-class reputation, the region’s ports may need to re-evaluate their offering. Stevie Knight reports
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NewsSecurity concerns prompt Haifa investigation
In a move that could have repercussions for China’s investment in overseas ports, Israel has launched a review into a Chinese deal to develop part of the port of Haifa, amid US security concerns.
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Middle East ports at critical turning point
Chronic port overcapacity hangs heavy over the Middle East region, with capacity growth more than double that of throughput growth.
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Iran to sue US over “cruel” sanctions
Iran will bring a lawsuit against the US at the International Maritime Organization (IMO) following “cruel” sanctions and restrictions on its vessels which could see them prevented from entering ports.
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US sanctions exceptions for Chabahar
US Secretary of State Mike Pompeo has granted an exception to US sanctions that will allow India to develop Iran’s Chabahar Port.
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NewsAPM Bahrain IPO is “chance for proceeds”
Khalifa Bin Salman Port (KBSP) operator APM Terminals Bahrain’s BHD 11.8m decision to make an initial public offering (IPO) of 18,000,000 of its shares is a timely money making and investment opportunity, says Drewry’s senior analyst - Ports & Terminals.
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Gulftainer ready to splash the cash
Gulftainer could invest $3bn over the next half a decade, chief executive Peter Richards has revealed.
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Khalifa upgrade contract awarded
The UAE-based National Marine Dredging Company (NMDC) has said it has been given a $268m contract to expand the country’s Khalifa Port.
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Chabahar fast-track to beat US sanctions
A deal to hand the operation of Iran’s Chabahar Port to India has been sped up after being hampered by a pay dispute and impending US sanctions on Iran.
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Saudi Navy stops attack on Jizan Port
The Royal Saudi Navy Forces have destroyed two explosive-laden Houthi boats targeting Jizan Port, according to a Saudi Press Agency report.
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NewsHodeidah fighting is choking port
Intensification of fighting around Hodeidah in Yemen is choking the port which the aid operation and the commercial markets depend on, a UN relief chief has stated.
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NewsFinTech platform to help test new ideas
Abu Dhabi Ports subsidiary Maqta Gateway and Abu Dhabi Global Market have partnered to launch a creative platform for FinTech innovator firms to develop and test new solutions.
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NewsEritrea considers new Red Sea port
Plans to construct a port on Eritrea’s Red Sea coastline indicate Eritrea’s re-emergence as a possible investor destination following the end of two decades of political tensions between the nation and Ethiopia.
