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Banque Misr’s MDI applies for digital banking license. PLUS: Cairo Metro Line 3, B.TECH + outsourcing
MDI is the first company to apply for a digital banking license
Cabinet approves fresh loans to support banking industry, fund Abu Qir metro
Ministers greenlight loans for banking sector reform + the Abu Qir metro.
The delivery of metro train with 40% local components dominated the airwaves yesterday
The Arab Organization for Industrialization’s SEMAF delivered a new metro train yesterday
GAFI is simplifying filing procedures. PLUS: News from SODIC, Compass Capital, Wizz Air
This is the latest move by the authority to streamline business regulations
Taking stock of Egypt’s transport infrastructure investments
Railways have been a major focal point for the government in its overhaul of the transport system
EIB could provide USD 300 mn for new rail line. PLUS: Madinet Masr acquires Minka, Tenth of Ramadan dry port, green methanol, new freezones incoming
The EBRD has provided EUR 40 mn to help fund the line, which will be used for freight and passenger…
AIIB to provide EUR 250 mn loan for Abu Qir metro project
This is around a sixth of the EUR 1.6 bn project, which will convert the Abu Qir railway into an…
Alstom to localize manufacture of rolling stock, electrical systems
The French rail manufacturer plans to invest EUR 300 mn in two new factories on the North Coast
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