Voice of America Egypt: 'New' Suez Canal to Open Aug. 6 When Egyptian President Abdel Fattah el-Sissi announces the "new" Suez Canal is open for business on August 6, according to officials, ships at sea around the world will blast their horns in celebration. The expansion will more than double the canal's income over the next 10 years by making the trip faster and cheaper for shippers, said Suez Canal Authority head Admiral Mohab Mohamed Hussien Mameesh. "Food will arrive faster. Medicine will arrive faster. Petroleum products will arrive faster," he said. "Egypt is serving the whole the world by speeding up this naval passage." Read more at: http://www.voanews.com/content/egypt-says-new-suez-canal-to-open-aug-6/2821363.html International Business Times Egypt Orders Retrial Of Militants Accused Of Killing Police Officers; Mohammed Morsi Awaits An Egyptian appellate court ordered a retrial of militants accused of killing police officers in 2013. Its ruling Saturday overturned the convictions of a top militant and 15 others for allegedly killing 25 officers, the Associated Press reported. The original court case was filed after militants attacked off-duty police officers traveling in minibuses outside Rafah, a town near Egypt's border with the Gaza Strip. Egyptian officials said the accused militants lined up the police officers and shot them, AP reported. Read more at: http://www.ibtimes.com/egypt-orders-retrial-militants-accused-killing-police-officers-mohammed-morsi-awaits-1965700 Reuters Egypt's EFG-Hermes says well-capitalised, east Africa of interest The chief executive officer of Egypt's EFG-Hermes, one of the Middle East's largest investment banks, said on Sunday the firm was well capitalised for future growth plans, as it launched a wholly-owned subsidiary in leasing services. Karim Awad also told Reuters that sub-Saharan Africa, particularly eastern Africa, was of interest to the firm. "We are studying the opportunities that we have over there and we will tackle it once we're ready ... (opportunities) primarily in corporate advisory and private equity," Awad said. Read more at: http://www.reuters.com/article/2015/06/14/egypt-efg-idUSL5N0Z00BJ20150614
