Wednesday 4 March 2015
 
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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

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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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