EMerging Equity
Suez Canal
Egypt’s New Suez Canal Conjoins China’s New Silk Road
Egypt’s new Suez Canal officially opened on Thursday and is set to pave for stronger cooperation between China-Egypt and benefit regional and global trade in addition to conjoining with China’s New Silk Road initiative. China’s Silk Road Economic Belt and the 21st-Century Maritime Silk Road, known as the Belt and Road initiatives — and also known as the New Silk Road which was proposed by Chinese … Continue reading
Egypt’s President Sisi Inaugurates The New Suez Canal As A Way To Defeat Terrorists
Egyptian President Abdel Fattah al-Sisi said on Thursday Egypt would defeat terrorism, as he inaugurated the New Suez Canal project and the first ship passed through the waterway. Egypt during this year stood against the most dangerous terrorist ideology, that would burn the world if it could, Sisi said at a lavish ceremony attended by world … Continue reading
Russia Ready To Build Suez Canal Industrial Zone
Russia is willing to take part in establishing an industrial zone in the New Suez Canal project, Russian PM Dmitry Medvedev told Egypt’s daily Al-Ahram. The 72-kilometer section inaugurated on Thursday in Egypt will provide the fastest Europe-Asia shipping route. Our companies are willing to participate in these economic projects. Creating a Russian industrial zone … Continue reading
Obama In Kenya: Why The Horn Of Africa Matters To Geopolitics
By Juan Cole President Obama’s visit to Kenya is of course personal, though he has been there before both as a civilian and as a senator. But it does also have a geopolitical and economic dimension. Kenya is a country of roughly 46 million people, about the same as Spain. But its nominal gross domestic product … Continue reading
Egypt: New Suez Canal To Increase Revenues To $15 Billion By 2023 And Reduce Navigation Time From 22 to 11 Hours
Egypt’s New Suez Canal will open later this year on August 6. President Abdel Fattah al-Sisi sees the project as a symbol of national pride and a chance to stimulate an economy, Reuters reports. The Egyptian army “began work 10 months ago on the $8 billion canal, flanking the existing, historic 145-year-old waterway and part of … Continue reading
Egypt To Join Russia-Led Eurasian Free Trade Zone
Egypt has established a free trade zone with the Russian-led Eurasian Economic Union, which includes Russia, Armenia, Belarus, and Kazakhstan, president Sisi of Egypt announced at a joint news conference with Russian President Vladimir Putin. “We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union,” Egyptian President … Continue reading
China, Egypt Sign Strategic Partnership
China and Egypt announced the establishment of “bilateral comprehensive strategic partnership” Tuesday, according to state media in Beijing. Xinhua news agency said President Xi Jinping and Egyptian President Abdel Fattah al-Sisi, who is on a four-day visit to China, signed a joint document setting up the partnership. The deal is believed to focus on Chinese … Continue reading
Egypt To Build Transport Tunnels Under Suez Canal In $8B Project
By PanARMENIAN.Net Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves, according to Reuters. Unlisted Herrenknecht AG was discussing contract details, a spokesman for the … Continue reading
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