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Egypt's gift to the world: A two-way Suez

Expanded canal will cut ships' waiting time; immediate impact on trade flows unclear

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Published Thu, Aug 6, 2015 · 09:50 PM

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    Ismailia, Egypt

    WITH much pomp and pride, Egypt's military regime launched the New Suez Canal on Thursday in front of dignitaries from around the world in a project seen as more politically significant than economically so.

    The expanded canal, dubbed by the authorities as Egypt's "gift to the world", will allow for two-way traffic and reduce ship waiting time in what is already the fastest shipping route between Asia and Europe.

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