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TRADE-
#1- Egypt has reopened fish exports to the EU after a three-year freeze, following the National Food Safety Authority’s (NFSA) overhaul of its monitoring system across the supply chain, according to a statement released on Saturday. The NFSA addressed all recommendations from a prior European Commission report, achieving full compliance by June 2023. A follow-up EU audit in mid-2024 gave the green light, confirming Egypt’s readiness to re-enter the bloc’s markets.
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Want to know more? EnterpriseAM Egypt took a look at the fishing industry in Egypt and what fishermen are doing to boost their sustainability and food safety to reopen EU exports for a Going Green earlier this year. You can check out the story here.
#2- FNCL + Russian Grain Exporters Union to boost wheat trade: Morocco ’s National Federation of Cereals and Legumes Traders inked an MoU with the Russian Grain Exporters Union to boost Morocco’s wheat imports, Asharq Business reports, quoting union’s president Omar Yaakoubi as saying to Bloomberg. The agreement — which aims to enhance knowledge exchange between both countries — comes as Russia seeks to sell grain to 13 countries without foreign traders as it faces sanctions on its exports.
SHIPPING + MARITIME-
China-based liner operator OVP Shipping launched a fortnightly deepsea service from China to Egypt’s Dekhelia Port, Loadstar reported last week. The service, beginning at China’s Nantong Port, will stop at Shanghai, Zhoushan and Guangzhou, before arriving at Dekhelia Port through the Red Sea on 11 December. The tanker, dubbed OVP Aries, has a carrying capacity of around 2.45 TEU. The service will be covered by four feeder vessels.
AVIATION-
FedEx powers up its global air network: FedEx has launched a new flight route to boost global connectivity between Asia Pacific (APAC), India, and Europe in a bid to improve flexibility and boost operational efficiency, according to a press release. The flight route — which connects FedEx’s Asia Pacific hub in Guangzhou, China, to Bangalore, India, the UAE, and onward to Liege and Paris in Europe — will operate five times a week and will cut transit times by one day and allows businesses to manage imports and exports to and from India and Europe with increased service reliability.
ZONES-
Kezad to build new specialized zone: The Khalifa Economic Zones Abu Dhabi (Kezad) will develop a 1.1 sq km specialized zone for aquaculture and related industries, according to a statement published on Thursday. No timeline or investment ticket for the project was disclosed.
CARGO-
#1- EgyptAir Cargo + Asiana Airlines enter strategic partnership: EgyptAir Cargo inked a three-year strategic partnership with South Korean airline Asiana Airlines to provide storage and handling services for inbound and outbound cargo in Cairo, The Egyptian Gazette reported on Saturday.
ICYMI- EgyptAir renewed its ground services contract with the UAE’s Emirates Airlines at Cairo International Airport in October. EgyptAir will continue to cover ground services at the airport, including supporting Emirates’ cargo and passenger flight operations.
PORTS-
Misr Phosphate + AD Ports to export rock phosphate: Egypt state-owned Misr Phosphate Company inked an MoU with Abu Dhabi’s AD Ports to cooperate in handling and exporting rock phosphate out of the Red Sea’s Safaga Port, according to a statement released on Thursday.
Details: The agreement will see both parties boost the export of phosphate raw materials by improving the quality of sale through logistical services via specialized berths and docks to export the phosphate, all managed by AD Ports, according to a separate statement.
ICYMI- AD Ports inked a 30-year concession agreement in January with Egypt’s Red Sea Ports Authority for the development of a multi-purpose terminal at Safaga Port by 2025, with a USD 200 mn investment ticket across three years to develop the facility, including developing superstructure and buildings, and providing equipment and utilities.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Dnata earns IATA’s IEnvA: Air services provider Dnata has received the International Air Transport Association’s (IATA) environmental management certification, through their Environmental Assessment (IEnvA) certification program. (Statement)
- Iraq to bring back services to Lebanon: Iraqi Airways will resume its fights to Lebanon’s Beirut starting this week. (INA)
