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Al-Assar, Arafat meet to discuss cooperation on railway development

Minister of Military Production Mohamed Al-Assar met with Minister of Transport Hesham Arafat on Sunday to discuss means of cooperation between both ministries and the latest developments across several projects. Al-Assar said that the two ministers reviewed the business results of projects being implemented through coordination between their ministries, including the development of 295 railway …

Daily News Egypt

Cabinet to amend railway law for development

Parliament’s Transportation Committee has approved an agreement for General Electric (GE) to supply 100 locomotives and maintain 81 locomotives at a cost of $575m The committee is waiting for the cabinet to complete its draft of an amendment to Law No. 152 of 1980, related to the establishment and operation of railways. MP Mohammad Badawi …

Daily News Egypt

Deutsche Bahn earnings slump on strikes

German rail operator Deutsche Bahn has reported a steep drop in its half-year earnings. The company said the poor result was attributable to protracted strike action and spells of stormy weather across the country. Deutsche Bahn on Tuesday reported a 39-percent fall in its earnings for the first half of the year. After-tax profits dipped to 391 million euros ($431…

Deutsche Welle