A deadly incident occurred in Egypt’s Red Sea on Thursday March 27 when a tourist submarine sank during a trip to the resort city of Hurghada. The submarine, named Sinbad, was carrying 45 foreign tourists, including Russians, Indians, Norwegians, and Swedish, as well as five Egyptian crew members. Six Russian nationals tragically lost their lives […]
Morocco enjoys political stability and has a forward-looking economic strategy that enabled it to emerge as a regional manufacturing and export base for international companies, said the US State Department in new report on the climate of investment across the globe. “Morocco enjoys political stability, robust infrastructure, and a strategic location, which are helping it […]
Danish shipping company Maersk is planning to inject around $500 million worth of investments into the Suez Canal Container Terminal in East Port Said, statement issued by the Suez Canal Authority (SCA) indicated Thursday. The money will go into the development of a new container dock with a length of 1,000 meters beside the current […]
