Tag: Egypt

Creation of one million new jobs The government of Qatar has revealed that it has signed an agreement with Egypt to build two new ports that will create one million new jobs.According to Qatar's Minister of State for International Corporation, these will be new facilities in the ports of Port Said and Alexandria.After leading a delegation to Egypt, he said there will also be bilateral cooperation in establishingtwo investment companies in Africa, with one focused on Sudan.In comments published by Qatar News Agency, he said that 1m job opportunities would be created by the Port Said port project with another 200,000 jobs as a result of the Alexandria proposal.The Minister said that the two sides would draw up a plan to carry out their agreements and set a time frame for the establishments of the ports.He added that a delegation of Qatari businessmen would visit Egypt next month to look for investment opportunities.Source: Worldmaritimenews

Egypt remained on this list for 20 years The Egyptian maritime transport fleet was announced to be out of the black list of the International Maritime Organization after a short time of its exit from the black list of the International LabourOrganization (ILO). Egypt remained on this list for 20 years, ranking the 63rd among 82 States in this classification. The reasoning for this was Egypt's withdrawal during the past decades in the field of maritime transport because of the lack of transparency in maritime inspection of ships and ferries, the low level of maintenance and quality as well as the absence of laws and legislations that organize working in the field of ships and maritime transport.Egypt's getting out of this list came according to the recent classification issued from the International Maritime Organization starting from current July. Thus, Egypt moved to the grey zone with the USA, Switzerland and other countries.The Transport Ministry has put a comprehensive plan after the January Revolution to classify the Egyptian maritime fleet through the inspection operations for the Egyptian ships along with the precise adherence to the international agreements' rules concerning the maritime safety, the matter in which Egypt succeeded to implement.Certainly, the ...

A strike would paralyze the canal Last Saturday, someone broke into an electricity control room here and threw a switch. Suddenly, Port Tawfiq, the vast shipyard that marks the southern entrance to the Suez Canal, and the southern half of the city of Suez went dark.Ten minutes later, the lights came back on. But in that short time, disgruntled workers who've been on strike here for the last three weeks had made their point: The Suez Canal, one of the world's busiest transportation hubs, could be paralyzed with very little effort."We did not cut the cables, although we could have," said Emad El Sadeq, a technician for the Suez Canal Shipyards, one of seven subsidiary companies run by the Suez Canal Authority. "We had to give them a taste of what we can do."In the five months since Hosni Mubarak was toppled from the presidency after 30 years of iron-fisted rule, many of Egypt's fault lines have come to the surface. Coptic Christians and Muslim fundamentalists have fought pitched battles in the streets. Unknown assailants have bombed the natural gas pipeline to Israel three times, symbolic strikes at a hated accord that Egyptians often blame for high prices at home. ...

Potential to create more than a million jobs Qatar said on Sunday that it had signed an agreement with Egypt to establish two new ports with the potential to create more than a million jobs, Arabian Business reported.The ports will be built in Port Said and Alexandria, Khalid bin Mohammed Al Attiyah, Qatar's Minister of State for International Cooperation said.After leading a delegation to Egypt, he said there will also be bilateral cooperation in establishingtwo investment companies in Africa, with one focused on Sudan.In comments published by Qatar News Agency, he said that 1m job opportunities would be created by the Port Said port project with another 200,000 jobs as a result of the Alexandria proposal.The Minister said that the two sides would draw up a plan to carry out their agreements and set a time frame for the establishments of the ports. He added that a delegation of Qatari businessmen would visit Egypt next month to look for investment opportunities.Al Attiyah left Cairo on Sunday afternoon after a three-day visit. Last week, Qatar said it was drawing up potential projects worth at least $10bn to help Egypt's economy after the popular uprising that ousted president Hosni Mubarak in February.Egypt ...