Latest news with #Damietta
Zawya
11-08-2025
- Business
- Zawya
Egypt: Damietta Container sees $10.5mln block trading deal
Arab Finance: Damietta Container and Cargo Handling recorded a block trading deal valued at EGP 513.578 million, the Egyptian Exchange (EGX) announced on August 10 th. The transaction was executed on 5.288 million shares of the company. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
10-08-2025
- Business
- Zawya
Al Dahra and MOPCO launch first river shipment of fertilizers to support agricultural projects in Toshka
Cairo: Al Dahra Agriculture — one of the largest investors in the sustainable agriculture sector — announces the successful completion of the first river shipment of 750 tons of packed urea fertilizer. This operation was carried out in cooperation with Misr Fertilizers Production Company (MOPCO). The fertilizer shipment departed from Damietta Port aboard the river unit "Nile 5," operated by the National Nile Company for River Transportation, heading toward Al-Aqab area in Aswan and then on to Toshka. Nile 5 will then return to Alexandria with produce bound for export, thus completing its round trip. This initiative supports the directive of the Ministry of Transport to activate multimodal transport and promote the Nile as a safe, efficient, and low-cost logistics corridor, supporting farmers and meeting local market demand. This achievement, delivered in cooperation with the Damietta Port Authority and MOPCO, exemplifies the unique cooperation among the port authority, MOPCO, and Al Dahra. Al Dahra Agriculture holds significant investments in the area, owning approximately 37,000 feddans as well as additional farms in East Al-Owainat. For his part, Eng. Raouf Tawfik, CEO of Al Dahra Agriculture – Egypt, stated: "We are proud to participate in this integrated model linking industry, agriculture, and logistics, and we highly value the efforts of the Ministries of Petroleum and Transport, the Port Authority, and our partner, MOPCO.' It is worth noting that this step also supports MOPCO's strategy to expand nationwide distribution and promote free trade to bolster the local economy. This successful trial advances environmentally friendly, cost-effective river transport and reaffirms MOPCO's commitment to boosting agriculture in Upper Egypt, ensuring rapid fertilizer delivery, in addition to easing pressure on roads under the national sustainable-development plan.
Zawya
18-07-2025
- Business
- Zawya
New Fortress Energy to deploy 2nd FSRU in Egypt
Arab Finance: New Fortress Energy Inc. is set to deploy the Energos Winter, a 138,250 cubic meters floating storage and regasification unit (FSRU), in Egypt as early as August 2025, according to a press release. This falls within New Fortress Energy's five-year agreement with the Egyptian Natural Gas Holding Company (EGAS) through its subsidiary, marking the group's second FSRU in Egypt. The Energos Winter will operate at EGAS' liquefied natural gas (LNG) import terminal located at Damietta, joining the Energos Eskimo. Chris Guinta, CFO of New Fortress Energy, commented: 'This deal enhances NFE's goals of providing reliable and cost-effective energy across the globe.' On his part, Yasseen Mohamed, Executive Managing Director of EGAS, stated: 'EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement.' 'Under this agreement, NFE's second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for Egypt over the next five years,' added Mohamed. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
15-07-2025
- Business
- Yahoo
New Fortress Energy Executes 5-year Charter for Energos Winter
NEW YORK, July 15, 2025--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE" or the "Company") via a subsidiary has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 m3 floating storage and regasification unit ("FSRU"), with the Egyptian Natural Gas Holding Company ("EGAS"). The Winter will operate at EGAS' LNG import terminal located at Damietta, Egypt. This is NFE's second FSRU stationed in Egypt, and the Winter will join the Energos Eskimo in Egypt as early as August of this year. "We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE's goals of providing reliable and cost-effective energy across the globe," said Chris Guinta, CFO of New Fortress Energy. "EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement. Under this agreement, NFE's second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for the Arab Republic of Egypt over the next five years," said Yasseen Mohamed, Executive Managing Director of EGAS. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company's assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world. View source version on Contacts Investorsir@
Al Bawaba
08-07-2025
- General
- Al Bawaba
Video: Massive fire engulfs a sponge factory in Damietta, Egypt
Published July 8th, 2025 - 12:07 GMT ALBAWABA - A massive fire broke out in a factory in the industrial zone of Damietta Governorate, as a result of a fire that broke out in a sponge-making room inside a factory in New Damietta City. Also Read Fire erupts at Egypt's Ramses Central building, 4 killed Security services in Egypt received a report of a massive fire inside a factory in the industrial zone of New Damietta City, causing the flames to spread to a number of neighboring buildings. A police force from the New Damietta Police Department immediately responded, along with ambulances, while the city's defense forces dispatched several fire engines to control the blaze. On the other hand, the residents of Kafr El Battikh were surprised by the presence of thick smoke resulting from the accident, which could affect the crops in the area, in addition to causing mild cases of suffocation due to the presence of thick smoke, Egypt Today said. المشكلة ان مصنع الفووم دا فيه مواد سريعة الإشتعال ...وبجواره مصانع كتير ..هي أصلا منطقة صناعية كلها مصانع في دمياط الجديدة ..لذلك الناس خايفة والحمد لله فيه حوالي ٢٠ سيارة مطافي واسعاف ربنا يسترها يارب — 🦋Butterfly🦋 (@shemaali_77) July 8, 2025 © 2000 - 2025 Al Bawaba (
