Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Gold prices inch up on Aug. 12th    Egyptian pound closes high vs. USD on Tuesday – CBE    Edita Food Industries Sees 72% Profit Jump in Q2 2025, Revenue Hits EGP 5 Billion    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    PM Madbouly reviews progress of 1.5 Million Feddan Project    Australia to recognise Palestinian state in September, New Zealand to decide    Trump orders homeless out of DC, deploys federal agents and prepares National Guard    Egypt, Côte d'Ivoire hold political talks, sign visa deal in Cairo    Egypt's TMG H1 profit jumps as sales hit record EGP 211bn    Egypt, Germany FMs discuss Gaza escalation, humanitarian crisis    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt, Huawei discuss expanding AI, digital healthcare collaboration    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Oil rises on Wednesday    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Egypt's Foreign Minister discusses Nile water security with Ugandan president    Egyptians vote in two-day Senate election with key list unopposed    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Foreign, housing ministers discuss Egypt's role in African development push    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



New Suez Canal in eyes of global media
Published in Albawaba on 26 - 07 - 2015

The global media highlighted the experimental operation of the new Suez Canal project on Saturday, praising the fast implementation of the project and the expected consequent recovery of the Egyptian economy, Al Bawaba News reported Sunday.
Under the title 'Egypt to launch the second Suez Canal after 60 years of nationalization', Al-Arabiya satellite channel aired a report about the experimental operation and the official opening ceremony which is expected to be attended by many leaders and delegations from all over the world.
The report stated that the new Suez Canal project is a part of an ambitious economic plan for the development of the Suez Canal zone to convert it into an entity of logistical, industrial and commercial center through constructing several ports to provide services for commercial fleets crossing the channel.
Egypt has been suffering an economic significant set back since the January 25, 2011 revolution that brought down Hosni Mubarak, resulting in the lack of foreign currency resources due to the decline in foreign investment and tourism revenues as a result of security and political stability deterioration in the country.
Russia Today news channel focused on securing the Suez Canal during the experimental operation through air and marine security procedures using a number of military helicopters and navy boats.
Sky News channel indicated the economic importance of the project and its impacts on the Egyptian economy and logistics affiliated projects pointing to President Abdel Fattah Al Sisi's keenness to complete the project in the shortest possible period of time.


Clic here to read the story from its source.