Egypt Unveils Suez Canal Extension

By Brian Rohan and Hamza Hendawi Associated Press - Aug 7, 2015

Ismailia, Egypt — In a defining moment of his young presidency, Egypt’s Abdel-Fattah el-Sissi presided Thursday over the unveiling of a major extension of the Suez Canal that he hailed as a historic feat needed to revive the country’s ailing economy after years of unrest. Upbeat and clearly relishing the pomp-filled occasion, el-Sissi nevertheless conceded that the $8.5 billion project will not bring a quick economic windfall to a...