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FINANCIAL NEWS
Egypt to build new multi-million dollar Suez Canal
06 Aug 2014
(MENAFN) Egypt plans to launch a new Suez Canal in a multi-billion dollar project to strengthen trade ties with Europe and Asia, according to Arab News.
Army strongman Gamal Abdel Nasser said that the project will be run by Egypt’s army and aims to improve the country’s struggling economy.
The current 145-year-old historic waterway Suez Canal earns Egypt about USD5 billion annually, a vital source of hard currency for a country that has suffered a slump in tourism and foreign investment since the 2011 uprising.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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