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Osta in talks with Egyptian and Arab investors to finance expansion plans
Local cab-calling app Osta is still in talks with a number of Egyptian and Arab investors to finance planned expansions,…
TRANSPORTATION
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GE offering to develop Egypt’s railway network
GE is in talks to supply Egypt’s railways with 100-200 train, 35% of which would be manufactured in Egypt. North…
Transport Ministry to sign Metro Line 4 development agreements in July
The Transport Ministry will sign agreements with contractors for the development of the Cairo Metro Line 4 in July, Transport…
Transport Ministry expected to sign contract with Bombardier Canada to conduct studies for Line 6
The Transport Ministry is expected to sign an agreement with Canada’s Bombardier Consulting by early May to conduct studies for…
Suez Canal Authority offers 40-75% break on select transit charges
The Suez Canal Authority is offering a 40% break on transit fees for laden dry bulk ships heading from South…
Kenya terminates 25-year concession for Qalaa to operate RVR
The Kenyan government terminated Qalaa Holdings-owned Rift Valley Railways’ 25-year concession last Thursday, according to Kenya’s Business Daily. The validity…
AGM renews Cairo Metro’s chairman vote of confidence
The Cairo Metro Company’s AGM renewed its vote of confidence in Chairman Ali Fadaly, extending his tenure as managing director…
Nissan, Kia, Mitsubishi top car sales in January and February
Sales of Nissan cars topped passenger sales year-to-date in February, growing its market share to 32% from 14.8% last year,…
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