River Navigation Resumes Between Egypt, Sudan

A boat transports people along the river Nile in Cairo, Egypt July 2, 2019. REUTERS/Mohamed Abd El Ghany
A boat transports people along the river Nile in Cairo, Egypt July 2, 2019. REUTERS/Mohamed Abd El Ghany
TT

River Navigation Resumes Between Egypt, Sudan

A boat transports people along the river Nile in Cairo, Egypt July 2, 2019. REUTERS/Mohamed Abd El Ghany
A boat transports people along the river Nile in Cairo, Egypt July 2, 2019. REUTERS/Mohamed Abd El Ghany

Sudan’s Wadi Halfa River Port, which borders Egypt, started receiving Egyptian imports on Wednesday through units and river barges transported between the Port and Aswan High Dam.

This comes after a four-month suspension due to the precautionary measures taken by the Sudanese government which closed the crossings and borders to limit the spread of the new coronavirus.

The port received a number of Egyptian imports through the vessels and units that belong to the Egyptian-Sudanese Nile Valley Authority for River Navigation.

The Sudanese government announced in mid-June the resumption of trade exchange with Egypt through Ashkeet border crossing, after nearly a three-month standstill.

Head of the Authority’s office in Wadi Halfa Mahmoud Abd El Motaal said about 2,000 tons of cement have arrived during the past two weeks from the High Dam to Halfa, expecting further 1,500 tons of urea fertilizer to arrive soon through Wadi Halfa port.

The Nile Valley Authority for River Navigation is an Egyptian-Sudanese organization that transports passengers as well as goods. It was established in 1975 as the only international transporter in Nasser Lake.

The volume of trade exchange between Sudan and Egypt is estimated at one billion dollars annually, and Egyptian investments in Sudan are estimated at $10.1 billion.

The two African countries have been planning to construct roads and railways to facilitate trade and transport through joint border crossings, in line with their attempts to double the volume of trade between them to reach $1.5 billion.



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
TT

GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.