Wednesday, 22 May 2013

Egypt Shipping Report Q3 2013

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Egypt Shipping Report Q3 2013
May 22nd 2013, 00:00

Political uncertainty will continue to affect the Egyptian economy in 2013 as the country continues upon itsrocky transitional period towards democracy. This uncertainty will, in turn, continue to affect the shippingsector as a worsening economic position will impact on the country''s imports through the ports. Further,Egypt is struggling to maintain foreign reserves as foreign investment has dried up since the ouster ofPresident Mubarak as investors wait to see what the future holds. In light of this, a Qatari plan to invest in anew industrial and ports complex near the Suez Canal will come as a relief to the sector. The presence of thewaterway in Egyptian territory ...

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