Industry & Trade
Egypt Government Mulls Securing EGP18bn for Metro Line 3's Phase IV
Published 2014-07-24 14:13:49| Hesham Ibrahim & Enas Shabaan
Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project. According to the Chairman of National Authority for Tunnels (NAT) Ismail El-Nagdy, the Egyptian government will issue its final decision to finance the fourth phase by end of next August. The authorities in Egypt are willing to immediately start the implementation process of the fourth phase within next October, he noted. The project will run from Heliopolis district, to complete its path toward Cairo International Airport. With a total length of 15.8 km, the fourth phase will include 10 stations; namely Haroun, Heliopolis square, Alf Maskan, Shams Club, Nozha 1, Nozha 2, Qiba, Omar Ibn Al Khattab, El-Salam, 10th of Ramadan Station, and Airport. Cairo Metro, the first metro network in Africa, has been operational since 1990. The network consists of two lines, and a further two are planned.
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Yahoo Inc (YHOO.O) will buy mobile analytics startup Flurry to beef up a fast-growing mobile advertising business that still lags Google Inc's (GOOG.O) and Facebook Inc's (FB.O) in scale. Six-year-old Flurry uses analytics to help target ads at consumers by monitoring activity on more than half a million apps on some 1.4 billion mobile devices around the world, Yahoo said in a statement on Monday. The startup provides information to help marketers and brands more easily reach their desired audiences, Yahoo said. Yahoo did not cite a price tag, but a source familiar with the matter said the Internet company is paying several hundred million dollars. Tech blog re/code earlier reported that rough amount.
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