Schneider Electric Secures Maintenance Contracts for Suez Canal Authority Tunnels’ Electricity System

Schneider Electric has entered into a contract with the Suez Canal Authority to undertake maintenance work for the electricity and automatic control systems in the authority's tunnels, specifically the Ismailia, P ...

Maersk to Establish $15 bn Clean, Green Fuels Project for Ships in Egypt

Soren Seko, CEO of Maersk, uncovers the company's plan to establish a project to establish a network to produce and distribute green energy and clean fuels for ships in Egypt with investments of $15 bn, Invest-Ga ...

SHMFF, Banque Misr Ink Protocol to Provide Mortgage for 1,200 Units

Social Housing and Mortgage Finance Fund (SHMFF) signed a joint cooperation protocol with the Suez Canal Authority and Banque Misr to allocate 1,200 units to the authority's workers union

East Port Said Gets Approval for Multi-Purpose Terminal

Egypt's cabinet ratified on August 22 a concession agreement to design, construct, manage, operate, and maintain a multi-purpose terminal at East Port Said Port, located east of the Suez Canal’s northern entrance. ...

EU to Extend EUR 110 mn Funding for 2020 Egyptian Projects

The European Union (EU) is to allocate an approximate amount of EUR 110 mn to finance Egyptian projects in various sectors within the upcoming period, coming as part of the EUR 500 mn Single Support Framework (SSF ...

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