Africa
DP World: Strong Financial Results in 2014
Global marine terminal operator DP World announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the Company before separately disclosed items of $332 million, 40.8% ahead of the first half of 20
Ackermans & van Haaren Posts 2014 Half-Year Results
Ackermans & van Haaren realized a net profit in the first half of 2014 of 96.4 million euros, an increase by 1.6 million euros (+1.6%) over last year. The increase of the half-year profit is primarily thanks to a substantial improvement (+31.9 million euros) in the result of the participations, amou
“Dredging without Boundaries” Set for November
The CEDA African Section will be hosting an international symposium “Dredging without Boundaries” on 27-28 November 2014, in Casablanca, Morocco. Dredging works have an important role in the construction and maintenance of port infrastructure in the world and particularly on the North African coast.
Xbloc Application on Reunion Island
BAM Infraconsult bv (under its trade name Delta Marine Consultants) has signed a license agreement for the use of Xbloc for the construction of the new coastal road (Nouvelle route du littoral) on the French island La Réunion in the Indian Ocean. The license agreement has been signed with a joint ve
New Suez Canal: 13.6 Million Cubic Meters of Material Removed
Military Spokesman Brigadier Mohamed Samir yesterday said that 13.6 million cubic meters of material was excavated from the newly-launched Suez Canal project. In its statement, Samir noted that some 43 companies are now working at the project site and 5 companies are waiting to start work until nece
UPDATE: Prime Minister Inspects New Suez Canal (Egypt)
Prime Minister Ibrahim Mahlab made an inspection visit to the digging site of the new Suez Canal Development Project on Tuesday. The PM was accompanied by Chairman of the Suez Canal Authority Mohab Mamish. As for funding the digging works of the new Suez Canal, Mahlab said it will be made through pu
Dar Al-Handassa Nabs Suez Canal Development Contract
During a ceremony attended by Prime Minister Ibrahim Mahlab and nine ministers, the Chairman of the Suez Canal Authority and Head of the Executive Council of the New Suez Canal Project, Vice-Admiral Mohab Mamish, said the Egyptian-Bahraini Dar Al-Handassa consortium won the contract of carrying out
UPDATE: Manpower Ministry Ready to Support New Suez Canal
Minister of Manpower and Migration Nahed el-Ashri said that the Ministry stands fully ready to provide support to the New Suez Canal Project. Ashri said that she asked the manpower chief in Ismailia Gamal Abdel-Salam to assess the cost of the project’s needs in order to provide them. The minister ma
New Suez Canal: Officials Discuss Investment Certificates
The ministerial economic committee under Prime Minister Ibrahim Mahlab held a meeting yesterday to discuss procedures required for issuing investment certificates for the New Suez Canal Project. The meeting also tackled the ongoing preparations for a planned economic summit, which Egypt is set to ho
New Suez Canal Will Not Affect Archaeological Areas, Minister Says
The new Suez Canal Development project will not affect the archaeological sites in Sinai and Suez Canal provinces, said Antiquities Minister Mamdouh el-Damaty. The area of the new project does not include any archaeological sites, he added during his visit on Sunday to Sharqiya province. The digging
Egypt: Grand Imam Strongly Supports New Suez Canal
Ahmed El-Tayyeb, Grand Imam of Al-Azhar, has urged Egyptians to support the New Suez Canal Project. During a visit to the project, Tayyeb said the New Suez Canal was a challenge to Egyptians that would show the strength, steadfastness and will of Egyptians. He was received upon his arrival at the sc
UPDATE: New Committee to Provide Workers for Suez Canal Project
Egyptian Minister of Manpower and Immigration Nahed El-Ashri decided on Saturday to form a committee, containing 11 ministries and nine other departments, that will provide workers needed to carry out the Suez Canal area development project. The minister said that the committee would report its reco