Monday 18 June 2018

Egypt hires German firm to bore Suez Canal tunnels

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Un


Aabar in JV with German tunnel maker

Aabar Investments said on Monday it had entered into a Dh25 million ($6.81 million) joint venture with a German tunneling manufacturer to develop business in the United Arab Emirates. Abu Dhabi-based Aabar will own 51 per cent of the compa

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