Egypt cuts train speeds as heatwave raises rail safety risks
Egypt's railway authority has temporarily reduced train speeds in parts of Upper and Lower Egypt as soaring…
Browsing Tag
Transportation
Egypt’s El Nasr signs vehicle manufacturing deal with China’s FAW
Egypt's El Nasr Automotive Manufacturing Company signed a strategic partnership agreement with China’s FAW Car…
Egypt’s East Nile Monorail to begin operations on 6 May
Egypt will launch Phase One of the East Nile Monorail, connecting New Cairo to the New Administrative Capital. The…
Suez Canal traffic unaffected after oil tanker briefly runs aground — authority
Traffic through Egypt’s Suez Canal continued normally in both directions on Tuesday after an oil tanker briefly ran…
Egypt’s Cabinet approves Japan-backed first phase of Cairo Metro Line 4
Egypt’s Cabinet on Wednesday approved a presidential decree formalising exchanged letters with Japan to implement…
Egypt implements ‘alternative solutions’ to Cairo Airport tech disruption – Cabinet
Egypt’s Ministry of Civil Aviation, in coordination with relevant authorities, successfully implemented alternative…
Egypt’s SCZONE hosts Chinese delegation to boost industrial ties
Egypt's Suez Canal Economic Zone (SCZONE) Chairman Waleid Gamal El-Dien received a high-level delegation from…
Egypt’s c.bank governor leads delegation to AfDB Annual Meetings in Abidjan
Central Bank of Egypt (CBE) Governor Hassan Abdalla is heading Egypt’s delegation to the African Development Bank’s…
Türkiye sees slight relief as inflation drops in April
Türkiye’s annual inflation eased to 37.86 per cent in April 2025 from 38.10 per cent in March despite global market…
Türkiye’s inflation rises 38.10% YoY in March ’25
Türkiye's Consumer Price Index (CPI) rose 38.1 per cent year-on-year in March 2025, with a monthly increase of 2.46…
Egypt, UAE hold 4th session of joint economic committee meeting
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, and the UAE’s Minister of Economy, Abdullah bin…
Egypt, Oman sign MoU to boost investment, exports
The Egyptian Commercial Service (ECS) signed a Memorandum of Understanding (MoU) with Oman's Ministry of Commerce,…
Egypt signs MoU with EBRD to strengthen PPP
Egypt signed a Memorandum of Understanding (MoU) with the European Bank for Reconstruction and Development (EBRD)…
Egypt approves gas supply, infrastructure boost for Kafr El-Sheikh industrial zones
Egypt’s Minister of Industry and Transport, Kamel El-Wazir approved on Sunday key infrastructure upgrades for…
Egypt explores investment opportunities with Türkiye’s Sabancı
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, met with Cenk Alper, CEO of Türkiye’s Sabancı…
Kenya’s economy grows by 4.0% in Q3 ’24
Kenya’s economy recorded a 4.0 per cent growth in the third quarter of 2024, down from 6.0 per cent in the same…
Egypt’s private sector investments hit EGP 133b in Q1-FY24/25
Private sector investments in Egypt soared to 133.1 billion Egyptian pounds at constant prices during the first…
Israel’s inflation down in Nov. ’24
Israel’s inflation eased to 3.4 per cent in November, the lowest since July, but remained above the government’s…
S. Arabia’s annual inflation hits 2% in Nov. ’24
Saudi Arabia's annual inflation rate reached 2.0 per cent in November 2024, driven by higher housing, water,…
US budget deficit hits $257b in Oct. ’24
The US budget deficit reached $257 billion in October, with total receipts amounting to $327 billion and total…
Turkey’s services production declines in August ’24
Turkey's service production declined in August 2024, with the index falling by 0.1 per cent year-on-year compared…
Euro area services production up in July ’24
Services production in the euro area rose by 1.0 per cent in July 2024, compared to June, while the European Union…
Turkey’s inflation surges 49.38% Y-o-Y in September ’24
Turkey's Consumer Price Index (CPI) rose by 49.38 per cent annually and 2.97 per cent monthly in September 2024,…
IFC, Microsoft partner to boost digital transformation in L. America, Caribbean
The International Finance Corporation (IFC) and Microsoft have signed a strategic agreement to boost digital…
US small-business sentiment hits highest level since Feb ’22
US sentiment among small-business owners improved in July 2024, with the Optimism Index rising by 2.2 points to…
US producer price index up by 0.5% in April
The US Bureau of Labor Statistics has announced a notable uptick in the Producer Price Index (PPI) for final…
Oman plans IPO for state-owned logistics company
The Oman Investment Authority (OIA) is in the process of planning an initial public offering (IPO) for Asyad Group,…
Global commodity trading celebrates 2nd-best year ever
The global commodity trading industry celebrated its second-best year ever in terms of profits, amassing over $100…
Mashat discusses WB support for state-owned enterprises
Egyptian Minister of International Cooperation, Dr. Rania Al-Mashat, held a meeting with the Chief Economist at the…
S&P raises OPEC Fund rating after signing new $600mln financing
S&P Global Ratings, an international ratings agency, raised the long-term issuer credit rating of the OPEC Fund…
Egypt’s private sector secures $10.3 bln in four years – report
Egypt's private sector has secured $10.3 billion of official development assistance from 2020 to 2023, according to…
South Africa to produce its first electric car by 2026
South Africa's Trade Minister, Ibrahim Patel, announced on Monday that South Africa's auto industry will likely…
U.S. grants Kenya $60 mln to boost urban transport
The Unites States’ Millennium Change Corporation (MCC) has signed a $60 million agreement with Kenyan President…
Egypt, Sudan to establish 2 logistic zones in Aswan, Wadi Halfa
Egypt and Sudan will establish two logistic zones in Aswan and Wadi Halfa, the Egyptian ministry of transport said…
Egypt to inaugurate a new €1.3bln metro system in Alexandria
Egypt will inaugurate a new metro system in its coastal city, Alexandria that would stand at approximately EUR1.3…
Egypt’s new Bashteel railway station nears completion
Egypt's New Bashteel railway station in Giza is now almost complete said the project manager Engineer Hussein…
Egypt signs $700mln transport deal with Japan
Egypt signed its largest transportation investment package with Japan on Sunday, to financing Cairo’s metro…
Egypt receives 30 railway coaches from Russia – minister
Egypt’s Minister of Transportation, Kamel al-Wazir announced on Friday that the Alexandria port has received 30…
Dubai reopens restaurants and cafes, resumes public transportation
Dubai has allowed cafes and restaurants to resume business, and shopping malls to be opened, the city’s media…
Cairo now home to Uber’s first minibus service globally
Uber has launched a new minibus service in Cairo, the first city globally to be rolling out the service, the…