Egypt broaches idea of tapping Indian financial markets 

Egypt broaches idea of tapping Indian financial markets 
Egypt broaches idea of tapping Indian financial markets 

Thank you for reading the news about Egypt broaches idea of tapping Indian financial markets  and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Ports in Saudi Arabia witnessed a rise of 5.31 percent in container handling in October compared to the year-ago period, according to a statement.

The Saudi Ports Authority, or Mawani, reported on Nov. 14 that ports in the Kingdom handled 741,905 standard containers last month and 704,486 in October 2022.

The number of transshipment containers handled by the ports in the Kingdom stood at 290,110 last month, up 2.12 percent compared to October 2022. 

Last month, the ports handled 627,637 tons of general cargo, 4,575,549 tons of solid bulk and 11,415,187 tons of liquid.

Mawani added that the rise in cargo handling in Saudi ports signifies the Kingdom’s growth as a global logistics hub, aligned with the goals outlined in the National Transport and Logistics Strategy. 

The statement added that Saudi Arabia’s ports received 59,810 passengers in October, up 35.11 percent from the same month in 2022.

On the other hand, the Kingdom’s ports received 109,646 cars in October, also marking an annual rise of 17.13 percent. 

The ports authority also made a significant leap in the global maritime index in the third quarter.

According to a report from the UN Conference on Trade and Development, Mawani climbed from 76.16 points in the second quarter to 77.66 points in the third quarter, affirming the Kingdom’s progress in the maritime sector.

Commenting on the achievement, Saleh Al-Jasser, Saudi minister of transport and logistics services and chairman of Mawani, said that the Kingdom’s advancement in the index aligns with the National Strategy for Transport and Logistics Services objectives.

The maritime network connectivity index, which gauges the interconnection levels of global ports with shipping line networks quarterly, incorporates several sub-indicators, including the scheduled ship visits to the country per week and the number of regular service routes offered by vessel lines to and from the national ports.

Moreover, earlier this year, Saudi Arabia climbed 17 global ranks in the Logistics Performance Index issued by the World Bank to reach the 38th spot globally.

These were the details of the news Egypt broaches idea of tapping Indian financial markets  for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]