Saturday 4 July 2015
 
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Canal

Suez Canal Authority gains powers to set up joint-stock firms

The Egyptian government approved legislative amendments on Thursday that would grant the Suez Canal Authority the right to establish joint-stock companies, the cabinet said in a statement. Egypt plans to build a new Suez Canal alo

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Egypt’s Suez Canal zone to make up 30pc of economy

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and log

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Egypt must cut red tape to win investors in Suez canal

Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said. Egypt plans to build

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Suez Canal revenue hits record $508m in August

Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 20

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New Suez Canal project to cost $8.4bn

The new Suez Canal project will cost about 60 billion Egyptian pounds ($8.4 billion), funded by debt certificates to be issued "in about a week", Egyptian Prime Minister Ibrahim Mehleb said on Thursday. The "Suez Ca

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RTA awards $136m canal project

A Dh500 million ($136.1 million) contract for the initial construction of Dubai’s canal project has been awarded by UAE’s Road and Transport Authority (RTA), said a report. The project will link Dubai Creek with the Ar

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Dubai launches $545 million canal project

Dubai plans to spend 2 billion dirhams ($545 million) on building a canal through its downtown area, part of a series of construction projects being launched as the emirate recovers from its 2009-2010 debt crisis.  

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'Terrorist' bid to attack ship in Suez Canal foiled

A "terrorist" staged an unsuccessful attack on a container ship passing through the Suez Canal on Saturday, in an attempt to disrupt the flow of ships through the waterway, the head of the Suez Canal Authority Mohab Memish said.

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Al Habtoor, RTA discuss Canal project plans

Al Habtoor Group, a major diversified conglomerate, and Dubai’s Roads and Transport Authority (RTA) recently discussed plans for RTA’s Business Bay Canal Project. The plan was recently endorsed by Sheikh Mohammed bin Rashid

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Abu Dhabi's NMDC wins $408m canal deal

Abu Dhabi's National Marine Dredging Company (NMDC) has won a Dh1.5 billion ($408.4 million) contract to build a canal in the UAE's capital, the official Wam news agency reported. The Abu Dhabi Urban Planning Council awarded the co

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