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FINANCIAL NEWS
Egypt to launch USD8b Suez Canal on August 6
14 Jun 2015
(MENAFN) Egypt will open New Suez Canal on August 6, a project expected to chance an economy suffering double-digit unemployment to the better, The Peninsula Qatar reported.
The army began working 10 months ago on the USD8 billion canal, to expand trade along the fastest shipping route between Europe and Asia.
The Canal is an important source of hard currency for Egypt, particularly since the 2011 uprising that scared off tourists and foreign investment.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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