Mohamed Ahmed

319 Articles

Advertising Area





Latest by Mohamed Ahmed


275 ships transit Suez Canal in 6 days carrying 15.2m tonnes

Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 15.2m tonnes, from 22 to 27 October. An average of 45.8 ships transited the canal per day during that period, with an average load of 2.5m tonnes per day. The average load per ship was about 55,270 tonnes during …

Mohamed Ahmed

Suez Canal negotiates with foreign shipping lines to prepay transit fees 3 years in advance

The Suez Canal Authority, in coordination with the Central Bank of Egypt (CBE), started direct negotiations with several international shipping lines, including Maersk, CMA CGM, and MSC, to prepay transit fees three years in advance. The negotiations included France, Switzerland, and Denmark. These negotiations complement the negotiations opened by the authority with the representative offices …

Mohamed Ahmed

EGX30 expected to move sideways to 8,000-8,500 points: analysts

Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …

Mohamed Ahmed

334 ships transit Suez Canal last week carrying 17.4m tonnes

Suez Canal traffic data showed that 334 ships transited the canal from 14 to 20 October, with a total load of 17.4m tonnes. An average of 47.7 ships transited the canal per day during that period, with an average load of 2.49m tonnes per day. The average load per ship was about 52,100 tonnes during …

Mohamed Ahmed

275 ships transit Suez Canal in 6 days

Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 16.8m tonnes, from 8-13 October. An average of 45.83 ships passed through the canal per day during that period, with a daily average load of 2.8m tonnes. The average load per ship was about 61,000 tonnes. Before the inauguration …

Mohamed Ahmed

226 ships transit the Suez Canal in first week of October

Suez Canal traffic data showed that 226 ships transited the canal from 1 to 5 October 2016, with a total load of 11.8m tonnes. An average of 45.2 ships transited the canal per day during that period, with an average load of 2.36m tonnes per day. The average load per ship was about 52,200 tonnes. …

Mohamed Ahmed

EGX30 expected to test resistance level of 8,500 points

Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this week’s trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …

Mohamed Ahmed