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EMC lands USD 18.6 mn Eni contract to supply Iraq’s Zubair oilfields
Plus: CMA CGM hits Red Sea-US routes with USD 8k peak surcharge
US’ Progress Rail inks USD 235 mn worth of modernization, spare part, technical support agreements. PLUS: CMA CGM, Emarat Misr
The agreement includes the refurbishment of 100 diesel-electric locomotives
World’s largest shipping firms pause Red Sea transit
The move will likely push the price of freight globally, pushing global inflation with it
Orascom Pyramids to double investment in Giza Plateau redevelopment. PLUS: Tabreed halts investment amid EGP uncertainty
The company will invest a further EGP 500 mn in its project to redevelop the pyramids area
CMA CGM eyes stake in state-owned shipping firm
Transport Ministry and National Bank of Egypt are holding talks with the French shipping giant