About 16,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said the imports included 6,500 tons of goods, 477 trucks and 292 cars, while the exports included …

Prime Minister Moustafa Madbouli asserted that the North Coast of Egypt is one of the key icons that can attract direct foreign investments and is a global tourist destination.

In his speech during a conference declaring an investment partnership pro…

Saudi Ministry of Tourism on Tuesday announced a 22.9 percent growth in inbound visitor spending during the first quarter of 2024 compared to the first quarter of 2023, with their total spending exceeding SAR 45 billion (approx. USD 12 billion).

The …

Egypt Prime Minister Mostafa Madbouly, announced Tuesday, implementing of “South Med” project on the Northwestern North Coast with local investments of about one trillion pounds (USD 21 billion).

The project will be through partnership with the priva…

Oil prices closed, Monday, up about two percent at settlement, recording the highest level in two months, amid expectations of increased demand during the peak summer travel season in the Northern Hemisphere.

Brent crude futures rose $1.60, or 1.9 %,…

Riyadh: Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed a strategic memorandum of understanding with Bahri Ship Management, a subsidiary of the National Shipping Company …

Istanbul: Minister of Municipal, Rural Affairs and Housing Majid bin Abdullah Al-Hogail and the Republic of Trkiye Presidency’s investment office chief Burak Daglioglu met Tuesday in Istanbul to discuss fostering cooperation.

Al-Hogail emphasized the…