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Neric to produce Alexandria Metro trains + new West Port Said Port projects go live
The 38-month contract entails spare parts, equipment supplies, and a 10-year maintenance period
Arla puts Domty acquisition bid on ice pending demerger clarity. PLUS: NAS Investment Holding + EgyFert, Eni, Cheiron Energy, Post for Investment, Neric, G3A
Domty plans to re-engage a potential offer for the spun-off dairy business — assuming due diligence checks out
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
NERIC eyes production of electric locomotives by end of 2022
NERIC to begin electric locomotive production by year-end: The National Egyptian Railway Industries Company (NERIC) will begin manufacturing electric locomotives…
Fawry looks to partner with local bank on prepaid cards
Fawry is looking to partner with a local bank to issue prepaid cards soon, Al Mal reports CEO and founder…
Hyundai Rotem, NERIC to manufacture railcars in Egypt
South Korea’s Hyundai Rotem will partner with the National Egyptian Railway Industries Company (NERIC) to produce railcars in Egypt after…
Infrastructure: What’s to come in 2021? (Part 2)
nfrastructure: What’s to come in 2021 Part 2: Last week, we looked at two key infrastructure areas for 2021: water…