A ship that had blocked the Egyptian canal for the past seven days was cleared on Monday, 29, as the result of maneuvers. According to canal authorities, it will be three days before other ships can sail through the Suez Canal.
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Brazilian Secretariat for Ports director of New Concessions and Port Regulation Policies Fabio Lavor said that despite the pandemic, the highest industry throughput on record is expected this year. He spoke during a webinar hosted by the Arab Chamber and the Union of Arab Chambers this Wednesday (12).
The waterway connecting the Red Sea and the Mediterranean Sea yielded USD 6.3 billion for Egypt in the 2018-2019 fiscal year, which ended June.
The business meeting will take place on November 7, in São Paulo, and will be attended by the country’s minister of Investment and International Cooperation, Sahar Nasr, and Mohab Mamish, chairman of the Suez Canal Authority, plus business owners.
Delegates from the Suez Canal Economic Zone gave a presentation to Brazilian executives this Wednesday (4) at the Arab Brazilian Chamber of Commerce headquarters.
