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USD90m tertiary-care hospital to be built by Aria Healthcare


Aria Healthcare L.L.C., a subsidiary of American Hospital Management Company (AHMC), has signed a Memorandum of Understanding (MoU) with Index Healthcare Management L.L.C.

Ministry of Transportation, China sign USD800m MoU for railway project


Egypts Ministry of Transportation has signed a Memorandum of Understanding (MOU) with the Chinese government to cooperate on a new USD800m railway project, the first in Egypt to employ an electric tr

Lack of energy leads to steel mills producing 30 pct below capacity


Steel production declines by nearly 30pct due to lack of energy

USD1.2bn phase III of Cairo metro to be tendered next week


Egypts Ministry of Transportation plans to float a tender for the construction of the third phase of Cairo metro Line 3 during the first week of April, says a source at the ministry.

Dubai based Arabtec in talks with govt. to set up new JV for USD40bln housing project


Dubai-based engineering and construction group Arabtec is in discussion with the Egyptian government to set up a new joint real estate company for the development of the previously announced one milli

Russian industrial zone to setup in Egypt


A Russian industrial zone focused on producing agriculture machinery and equipment will be established in Egypt, an official statement issued by the Egyptian Ministry of Industry and Foreign Trade sai

Steel tycoon Ahmed Ezz to face retrial on April 12th


South Cairo criminal court will hold the first session of the Ezz El-Dekheila retrial case on 12 April where steel tycoon Ahmed Ezz and six other former state officials face charges of profiteering an

Majid Al Futtaim of UAE to invest USD2.3 bln in constructing and redeveloping malls


Egypts prime minister has endorsed Majid Al Futtaims (MAF) five-year Dh8.7 billion (USD2.3 bln) investment plan in the country.

HADISOLB to receive USD7.2mln credit facility from Metallurgical Industries Co.


Egyptian Iron & Steel (HADISOLB) announced it will receive a EGP 50 million (USD7.2 mln) credit facility from Metallurgical Industries Company.