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Mawani Introduces GRC Shipping Service to Jeddah Islamic Port

Mawani Introduces GRC Shipping Service to Jeddah Islamic Port
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Mawani Introduces GRC Shipping Service to Jeddah Islamic Port

Mawani Introduces GRC Shipping Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the Gulf Red Sea Corridor (GRC) shipping service, operated by Emirates Shipping Line, to Jeddah Islamic Port.
The new service aims to meet growing market demands and facilitate regional trade.

According to SPA, by strengthening the Kingdom’s position as a global logistics hub, the service aligns with the objectives of the National Transport and Logistics Strategy.
The GRC service will connect Jeddah Islamic Port to key regional ports, including Jebel Ali in the UAE, Aqaba in Jordan, and Sokhna in Egypt.

The service has a capacity of 2,550 TEUs.

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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
TT
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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)

People in France must work more, Finance Minister Antoine Armand said on Monday, adding that the fact that French people worked less than their counterparts in Europe was harming the economy due to lower tax contributions and social security payments.

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

"On average, a French person works clearly less than his neighbors, over the course of a year," Armand told C News TV.

"The consequence of this is fewer social security payments, less money to finance our social models, fewer tax receipts and ultimately fewer jobs and less economic growth."

France, the euro zone's second biggest economy, wants to cut its public deficit to a targeted 5% of GDP by 2025.

The country's 35-hour work week, introduced in 2000, has typically been fiercely defended by trade unions, while reforms to France's pension system have also faced widespread protests.

"Let's all work a bit more, collectively speaking, starting off by making sure that everyone respects the working hours that they have been given, in all sectors," Armand said.