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Investments required in mega project exceed $50bn-$60bn, says Dar Al-Handasah Director of Operations
Banks should exert more effort to support development instead of focusing on financing budget deficit, says Ezz El-Din Hassanin
The canal will be a lifeline for Egypt’s economy that not only involves fees collection from passing ships, but also the state’s presentation of a variety of new local projects
Describing the drilling of the new canal as “legendary,” state media outlets promise prosperity and effective change.
In his interview with Daily News Egypt, Moussa opens up on the thorny issues witnessed by Egypt and the wider Arab region.
In Egypt, dignitaries and regular citizens are celebrating the lavish inauguration of the Suez Canal expansion. But scientists are concerned about its environmental impacts – particularly from invasive species.
“The tour boat passes a mosaic depicting the glorious triumph of the Egyptian people in re-capturing Sinai… The soldiers look upwards and onwards, towards progress and towards the future”
Emirates NBD is prepared with local and foreign liquidity to engage in direct financing of projects and to support Emirati investors
Canal income to increase to approximately $13bn annually, over $100bn expected income of canal projects
Over the past 10 years, the Suez Canal has taken a large portion of the vessels crossing the Panama Canal through the maritime route between Asia and the eastern coast of the US. Despite the shortness of the route through Panama, shipping companies prefer the Suez Canal due to its larger capacity, the economic consultant …
“We are participating in implementation of two tunnels, for cars and trains, under canal north of Ismailia,” says Ismail
Project grows from dream into the world’s largest waterway
The poor, Mr. President, have waited a long for someone to perceive them with sympathy, and to pull them up above the poverty line, so are you up for this?
Ministry of Religious Endowments published weekly guidelines for preachers to follow, vowing to punish those who do not conform
The Suez Canal Authority announced the beginning of celebrations
“We don’t have the comprehensive details of the Suez Canal Axis development projects,” says German Ambassador to Egypt
Special forces from army, police deployed to secure celebrations
Egyptian tourism income increased to $3.3bn from January to June versus $3.2bn in the same period last year
Mission to defend Egyptian, Arab national security in Arabian Gulf, Red Sea and Bab El-Mandab Strait, says presidency statement
New canal to allow 24-hour access to east Port Said
Military helicopters and private navy launches have secured ships’ crossings on Saturday
Mehleb reaffirmed Egypt’s readiness to send specialised medical convoys to assist African countries suffering from the Ebola virus
Once details are provided, we’ll see what could be interesting for Canadian investors, says Ezzeldin
Estimation of Suez Canal revenues similar to last year, despite completion of new Suez Canal project
Income from tourism sector, Suez Canal are important for Egypt’s economy to acquire foreign currency
Matar says amount to be collected within current fiscal year
Economic zone will include special customs office launched in coordination between authority head and Minister of Finance, according to Sarie-Eldin
Electricity, petroleum and alternative energy projects are on top of ABC’s priorities
New Suez Canal drilling will be finished on 15 July to prepare for tests and opening trials
The new canal will be established to increase the Suez Canal’s capacity to 97 passing ships per day, up from the current rate of 49 per day.