Mohamed Ahmed

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Latest by Mohamed Ahmed


213 ships transit the Suez Canal in 5 days carrying 12m tonnes

Suez Canal traffic data showed that 213 ships transited the canal, with a total load of 12m tonnes, from 11 to 15 December. An average of 42.6 ships transited the canal per day during that period, with an average load of 2.4m tonnes per day. The average load per ship was about 56,340 tonnes during …

Mohamed Ahmed

281 ships transit the Suez Canal in 6 days carrying 15.8m tonnes

Suez Canal traffic data showed that 281 ships transited the canal, with a total load of 15.8m tonnes, from 26 November to 1 December. An average of 46.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day. The average load per ship was about 56,230 tonnes …

Mohamed Ahmed

Upper Egypt Mills Co. allocates EGP 50m for real estate investments

Upper Egypt Mills Company allocated EGP 50m to utilise two plots of land for residential buildings in Sohag early next year, said chairperson Rabie Kulaiay. He added that construction will begin in January and is expected to be completed in two years; the buildings will include 130 apartments, as well as stores. The company is …

Mohamed Ahmed

279 ships transit Suez Canal in 6 days carrying 15.3m tonnes

Suez Canal traffic data showed that 279 ships transited the canal, with a total load of 15.3m tonnes, from 19-24 November. A daily average of 46.5 ships transited the canal during that period, with an average load of 2.55m tonnes per day. The average load per ship was about 54,840 tonnes during that period. Compared …

Mohamed Ahmed

IPP to re-offer 10% of its shares in December

The International Printing and Packaging Company (IPP) will reoffer 10% of its shares in the stock exchange in December, according to a statement by Mustafa Nagy, director of investor relations in the company. Nagy said the decision was taken after conditions on the stock exchange improved following the flotation of the Egyptian pound and a …

Mohamed Ahmed

On the Nile stock exchange, the Mediterranean Company and Pioneers Holding ranked joint highest in total amounts of stock traded. (AFP Photo)

EGX faces 2 different scenarios following record increase

The Egyptian Exchange (EGX) will have to counter with a different set of circumstances this week following its remarkable performance since the flotation of the Egyptian pound earlier this month. Technical analysts said that the slight decline recorded by the EGX in the final hour of Thursday’s session will result in two possible scenarios: the …

Mohamed Ahmed

263 ships transit the Suez Canal in 6 days carrying 15.8m tonnes

Suez Canal traffic data showed that 263 ships transited the canal, with a total load of 15.8m tonnes, from 12-17 November. An average of 43.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day. The average load per ship was about 60,070 tonnes during that period. …

Mohamed Ahmed

270 ships transit Suez Canal in 6 days carrying 14.9m tonnes

Suez Canal traffic data showed that 270 ships transited the canal with a total load of 14.9m tonnes from 5-10 November. An average of 45 ships transited the canal per day during that period, with an average load of 2.48m tonnes per day. The average load per ship was about 55,200 tonnes. Compared to July …

Mohamed Ahmed