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
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
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
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
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
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
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.
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.
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
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