The Greek port of Piraeus could become one of Europe’s top five container-shipping hubs as the government spurs logistics activities in a bid to kick-start economic growth, said Development Minister Kostis Hatzidakis.
Oman, which faces Iran across the Strait of Hormuz, said it’s poised to start raising cash for a $3 billion rail line offering an alternative route for oil and freight shipments that funnel through the 21 mile-wide channel.
Egypt’s Citadel Capital SAE will “aggressively” sell assets in “non-core” industries after it completes a capital increase, as it transforms itself from a private equity firm into an investment company, said Chairman Ahmed Heikal.
Ariel Sharon, the Israeli warrior and former prime minister as famous for his ferocity in battling Arabs as for his turnaround decision to evacuate settlers and soldiers from the Gaza Strip, died yesterday. He was 85.
Egypt’s Suez Canal, used to carry about 8 percent of global seaborne trade, remained open today after week-long protests against President Hosni Mubarak , with shipping lines saying they had no plans to divert vessels.
Vladimir Putin is inching closer to his goal of turning Russia into a major transit route for trade between eastern Asia and Europe by prying open North Korea, a nuclear-capable dictatorship isolated for half a century.