Friday 10 October 2014

Egypt raises over 8 bln USD for new canal project

TRADE WARS
Egypt raises over 8 bln USD for new canal project
Cairo (XNA) Oct 10, 2014 - Egyptians' purchases of the New Suez Canal investment certificates on Monday hit 60 billion Egyptian pounds (about 8.4 billion U.S. dollars), an amount the authorities said was required for financing the new canal project, official MENA news agency reported. "Congratulations to Egypt! We hit the required 60 billion Egyptian pounds," Central Bank Governor Hesham Ramez boasted in phone call ... more


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