DEPCO offers Al-Gamil 30% share in funding rights for new Damietta freight station
DEPCO offered Al-Gamil 30% share of the project, 15% of which would be paid in cash, with the remaining 15% taking the form of an Emirati bank guarantee.
Saudi investors express desire to fund bridge between Egypt and Saudi Arabia
The Egyptian Ministry of Finance, in cooperation with the Ministry of Transport and Saudi and Egyptian investors, will soon construct a new railway line connecting the cities of Bilbeis in…
Damietta Port to purchase EGP400m dredger to boost wharf efficiency
The Ministry of Transport had previously put forth suggestions to create a dredging company, operated by the Damietta and Port Said Port Authorities, which would be tasked with helping to…
Alexandria Chamber of Shipping expects renewed growth in the maritime market
Mohab Mameesh, chairman of the Suez Canal Ports Authority, stated that the canal was safe, and that in the worst case scenario, shipping lines would be secured by the Armed…
Apple planning iPad news
The event will be held on October 22, according to AllThingsD. Apple declined to comment on the report, which cited unnamed sources.
Panasonic to exit plasma TV display business
The move would fall in line with a broader industry shift away from plasma units, with Hitachi and Pioneer also exiting the market in recent years.
IMF cautious on emerging economies
Growth rates in emerging market and developing economies are now down some three percentage points from 2010 levels, mostly due to a slowdowns in Brazil, China, and India, the IMF…
Morsi to stand trial on 4 November
Former President Mohamed Morsi will be tried for inciting murder next month
