French manufacturer Alstom announces EUR 300M to be invested in Egypt over the next 3 years

Sun, 16 Jul 2023 - 12:30 GMT

The two factories are said to produce electric and signaling systems and manufacturing parts for metro, highway rails, monorails, and railways. Their strategic location was chosen to facilitate trade in Alexandria

Egypt’s cabinet approves France’s Alstom proposal to establish industrial complex

Wed, 05 Jul 2023 - 04:03 GMT

An investment plan by French company Alstom was approved in principle on Thursday by the cabinet to establish an industrial complex in Alexandria.

Egypt’s president urges boosting industry localization in activities with French Alstom

Mon, 22 Mar 2021 - 08:40 GMT

Sisi called for a center to train Egyptian experts in parallel with benefiting from the foreign expertise in transferring knowledge, the Presidency said in a statement.

Germany not meddling in Siemens-Alstom deal, but likes European champions

Fri, 18 Jan 2019 - 12:01 GMT

Germany's economy minister Peter Altmaier has indicated that he does not want to interfere in ongoing proceedings as the authorities are independent,

Alstom, Siemens shares slip as rail deal looms

Tue, 26 Sep 2017 - 09:48 GMT

Shares in Alstom (ALSO.PA) and Siemens (SIEGn.DE) slipped on Tuesday, amid concern over political fallout in France from a mooted multibillion-dollar merger of their rail assets.