INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Work starts on Egypt’s $9bn high-speed train

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  • Egypt began implementing its first high-speed train project
  • The Egyptian contracting companies are completing the preparation of the road

Work began on Egypt’s $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across a length of 660 km, and at a cost of nearly $9 billion.

According to local media reports, the Egyptian contracting companies are completing the preparation of the road path on which the high-speed train will run, while the construction of the stations on the track are also starting.

Siemens will implement the project’s signaling and communication systems and supply the trains that will operate on it after its implementation.