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Careem raises fares, captains’ profit margins
Ride-hailing app Careem decided to raise fares on its GO and GO+ services, and increasing the payout for its drivers…
TRANSPORTATION
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Transport Ministry looking to borrow EUR 50-55 mn for Abu Qir-Alexandria rail line upgrade
The Transport Ministry is in talks with international finance institutions for a EUR 50-55 mn loan to finance upgrades to…
Transport Holding Company reaches agreement with China’s Yutong to provide 900 buses
The Holding Company for Maritime & Land Transport has reached an agreement with Chinese bus manufacturer Yutong to provide 900…
Alex transport authority to receive first electric bus in May for trial run
The transport authority in Alexandria will be receiving the first of 15 electric buses from China’s BYD in May to…
National Railway Authority temporarily suspends train journeys to complete maintenance
The National Railway Authority has temporarily suspended 40 train journeys to expedite the completion of maintenance and development work on…
EAMA wants to get electric cars exempted from VAT and custom duties
The Egyptian Automotive Manufacturers Association (EAMA) will be meeting with the ministers of environmental affairs and trade and industry to…
SEMAF eyes part of 64 metro trains won by Alstom and Rotem
The Arab Organization for Industrialization’s SEMAF factory is in talks with France’s Alstom and Hyundai Rotem to manufacture some of…
SYSTRA and AECOM tapped as consultants for Alamein-Ain Sokhna train line
France’s SYSTRA and US-based outfit AECOM have been tapped by the ministries of housing and transport ministries to consult on…
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