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kevinobkirchner

Wave of Patriotism as Egypt Raises $9 Billion for Suez Canal - NBC News.com - 0 views

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    Despite the hardships Egyptian citizens have endured in the last 4 years they have poured a collective 8.5 billion dollars into an upgrade of the Suez Canal, a long time symbol of national pride. Al-Sisi is planning to build a waterway parallel to the Suez Canal. Egyptians had the option to invest in the waterway by purchasing certificates with a guaranteed return. 82% of investments were from individuals instead of institutions and the canal is expected to bring in $2 to $5 billion in revenue over the next two to three years.
stuartsayes

The Importance of the Suez Canal - 0 views

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    An article published by Al Jazeera reports an attack on a container ship that was passing through the Suez Canal around the date September 1, 2013. Though the attack was unsuccessful, this article exemplifies the importance of the Suez Canal to the global markets and documents the presence of active security by the Egyptian armed forces along the canal.
kevinobkirchner

Egypt: Al-Sisi Ascendant | The Economist - 0 views

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    General Al-Sisi, who took over Egypt after a coup against the Muslim Brotherhood is set to address the UN General Assembly on September 25th. His first 100 days in office has seen economic growth and increasing political stability. His government has increased fuel prices to curb the deficit and set out on a project to double the capacity of the Suez canal. With rising turmoil in the Middle East, Egypt has made its return as a moderating force. However the general's reliance on heavy-handed police forces to quell uprising and the continued holding of political prisoners continues to draw ire. To counter this he has released high profile prisoners and may revisit the anti-protest law.
taylordillingham

Egyptians expatriate remittances equivalent triple to Suez Canal revenues: World Bank -... - 0 views

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    Demonstration bookmark.
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