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Egypt’s Ministry of Transport is close to signing a contract with Siemens for the construction of the country’s second high-speed train, Arab Finance reports. The project, to connect 6th of October city to Aswan with a length of 925 kilometers Read more
British bank Standard Chartered will start operating in Egypt from September after it has received preliminary approval from the Central Bank of Egypt (CBE). Gamal Negm, the deputy Governor of the CBE, reportedly revealed that Standard Chartered will open its Read more
General Motors Co and its Egypt dealer Al Mansour Automotive Co ink have signed to study joint manufacturing of electric vehicles in Egypt and, once finished, ask the government for support, Zawya reports citing Mansour Automotive Chairman Mohamed Mansour. Both Read more
Chinese ride hailing app Didi will start operating in Egypt next week from the city of Alexandria with expansion to other cities in the plan. The company, reports say, is in the process of hiring drivers, with promises not to Read more
The European Investment Bank, EIB, will finance up to €1.1 billion three metro projects in Egypt following an agreement with the North African country, Arab Finance reports citing a statement from the Egyptian government. The financing includes €138 million for Read more
An Egyptian lawyer has been arrested in the city of Alexandria after he donned a “yellow vest”, the symbol of protest in France, but banned in Egypt. Mohammed Ramadan has been detained for 15 days following a decision by a Read more
Authorities at Libya’s Mitiga airport are diverting flights to Misrata after several rockets late Tuesday hit neighboring suburbs despite agreement by militia groups to stop fighting and pull out from Tripoli. Early Wednesday, residents in Tripoli reported explosions and rocket Read more
Nebulon, a Ukrainian grain trading company, plans to invest $2 billion in new grain silos and barges in Egypt’s Nile Delta region, Reuters reported. The silos would be built at two sites near the ports of Alexandria and Damietta. Twenty Read more
Egyptian security forces slain four militants that they suspect for being involved in a bomb attack that targeted the police chief in the city of Alexandria, two days before the March 26 presidential election. The bomb attack in the city Read more
Security forces Sunday killed six members of the militant group behind the killing of two people in Alexandria, in an attack targeting the Police Chief, the interior ministry has revealed in a statement. The statement accused Hasam group that authorities Read more