- Washington “follows with interest” Morocco’s openness onto Africa (John Kerry)Posted 11 years ago
- The trial of South African Paralympic champion Oscar Pistorius opened in Pretoria on Monday.Posted 11 years ago
- USA welcomes efforts of King Mohammed VI in MaliPosted 11 years ago
- Egypt’s population reaches 94 millionPosted 11 years ago
- Mugabe celebrates his 90thPosted 11 years ago
- Moroccan Monarch to Build a Perinatal Clinic in BamakoPosted 11 years ago
- King Mohammed VI handed a donation of bovine semen for the benefit of Malian breeders.Posted 11 years ago
- Moroccan King’s strategic tour to Africa: Strengthening the will of pan African Solidarity and stimulating the south-south cooperation mechanisms over the continentPosted 12 years ago
- Senior al-Qaida leader killed in AlgeriaPosted 12 years ago
- Libya: The trial of former Prime Minister al-Baghdadi AliPosted 12 years ago
Egypt: Could the Suez Canal be jeopardised?
who fear that the Suez Canal will gradually lose its customers. The new route along the coast of Siberia in Russia is now freed from ice all the year because of the climate warming. Shorter than the route through the Suez Canal, the northern route will save thousands of dollars in fuel. If the experiment is successful, the opening of this new shipping route could represent a serious threat to the Suez Canal, the third source of remittances (foreign currency) for Egypt. This observation then goes along with the hypothesis put forward by the British think-tank, Chatham House, as some owners, given the problems of piracy in the Gulf of Aden, could choose to make a detour via the Cape of Good Hope, like the Norwegian Odfjell and the Danish AP.Moeller-Maersk, which decided their fleets will pass off South Africa rather than in the Red Sea, despite a ten days more sailing and an additional cost of 200 000 to 300 000 US dollars. It should be noted that the president of the Suez Canal Organisation, Ahmad Fadel, has been very confident and reassuring when he said that none of the few ships captured by the pirates were en route to the Suez Canal. It should be also noted that 1800 vessels pass monthly through the Canal, but the revenues were down for more than 20 % in 2009…