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Egypt Shuts 2 Red Sea Ports Over Bad Weather

A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS
A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS
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Egypt Shuts 2 Red Sea Ports Over Bad Weather

A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS
A view of the cargo ship XIN HAI TONG 23 after successfully being refloated to the waiting area, in the canal next to Ismailia, Egypt May 25, 2023. The Suez Canal Authority/Handout via REUTERS

Egypt closed two Red Sea ports on Saturday due to bad weather, the Red Sea Ports Authority said.

The ports were Suez and Zeitiyat in the Suez province.

The Red Sea Ports Authority said in a statement that maritime traffic and all marine activities were halted due to strong winds and high waves.

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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024
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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024

The Saudi Ministry of Industry and Mineral Resources announced on Sunday that the number of valid mining licenses in the Kingdom has reached 2,401 by the end of 2024.

The licenses cover various categories, including mining, exploration, reconnaissance, building materials quarries, and small mine operations.

According to the 2024 Mining Sector Indicators Bulletin, issued by the National Industrial and Mining Information Center, the majority of these licenses were granted for building materials quarries (1,481), followed by exploration (642), mining and small mining exploitation (215), reconnaissance (41), and surplus mineral ore extraction (22).

The bulletin serves as a critical tool for monitoring developments in the mining sector, tracking both existing and newly issued licenses across various regions of the Kingdom. By boosting transparency and providing accurate data, the initiative supports investors and decision-makers in making informed choices that contribute to the sector’s growth and sustainability.