This tag is associated with 9 posts

Egypt’s President Sisi Inaugurates The New Suez Canal As A Way To Defeat Terrorists

Egyptian President Abdel Fattah al-Sisi said on Thursday Egypt would defeat terrorism, as he inaugurated the New Suez Canal project and the first ship passed through the waterway. Egypt during this year stood against the most dangerous terrorist ideology, that would burn the world if it could, Sisi said at a lavish ceremony attended by world … Continue reading

Russia Ready To Build Suez Canal Industrial Zone

Russia is willing to take part in establishing an industrial zone in the New Suez Canal project, Russian PM Dmitry Medvedev told Egypt’s daily Al-Ahram. The 72-kilometer section inaugurated on Thursday in Egypt will provide the fastest Europe-Asia shipping route. Our companies are willing to participate in these economic projects. Creating a Russian industrial zone … Continue reading

Forget Greece; Puerto Rico Is The Debtor Americans Need To Watch

Originally posted on Kyle Wingfield:
People celebrate the outcome of the bailout deal referendum at Syntagma Square in Athens, Greece, July 5. (Eirini Vourloumis / The New York Times) Greece is in the headlines today, after voters there rejected the “austerity” measures other European nations had demanded in exchange for yet another bailout of the…

Greece Is Not Alone: Puerto Rico Bonds Tumble As Governor Calls For Debt Relief

“Prices on Puerto Rico’s newest general obligations sank to record lows after Governor Alejandro Garcia Padilla said investors should be prepared to sacrifice if they want the cash-strapped island’s economy to grow,” Bloomberg reports. “With two days left in Puerto Rico’s fiscal year, the commonwealth is struggling to pass a budget that would allow it … Continue reading

Africa: India Expressed Interest To Invest In Tanzania’s Intracity Rail Network Project

“Tanzania is seeking funding from India to build a metro rail network in its commercial capital, Dar es Salaam, the president’s office said in a statement on Saturday,” Reuters reports. Dar es Salaam (literally “The residence of peace”), formerly Mzizima, is Tanzania’s largest and richest city, the largest city in eastern Africa by population, and is … Continue reading

Astronauts From China And India Likely To Join The International Space Station

“The incoming head of the European Space Agency said in a published interview that the International Space Station* should be opened up to astronauts from India and China,” Reuters reports. “The $100 billion space station, visible from Earth to the naked eye, is a habitable research outpost backed by 15 countries including the United States, … Continue reading

Egypt: New Suez Canal To Increase Revenues To $15 Billion By 2023 And Reduce Navigation Time From 22 to 11 Hours

Egypt’s New Suez Canal will open later this year on August 6. President Abdel Fattah al-Sisi sees the project as a symbol of national pride and a chance to stimulate an economy, Reuters reports.  The Egyptian army “began work 10 months ago on the $8 billion canal, flanking the existing, historic 145-year-old waterway and part of … Continue reading

China Manufacturing PMI At 50.2 In May, In Line With Forecasts

The official manufacturing Purchasing Managers’ Index (PMI) edged up to 50.2 from April’s 50.1 in line with analysts’ forecast for a 50.2 reading. A reading above 50 points indicates growth on a monthly basis, while one below that points to contraction.   “In view of the sizes of enterprises, the PMI of large-sized enterprises was 50.7 … Continue reading

China May Official PMI Seen Colourless: Stimulus Measures Ineffective?

“China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy,” Reuters reports. The official manufacturing Purchasing Managers’ Index, known as PMI, is forecast to inch up to 50.2 from April’s … Continue reading

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