Egypt’s ‘gift to the world’ cost $8 billion and probably wasn’t necessary

There was no public feasibility study, just an order from the new president. He wanted Egypt to dig a new Suez Canal. Oh, and he wanted it completed in a year. That was in August 2014. And now, amid much pomp and circumstance, Egyptian President Abdel Fattah al-Sissi will inaugurate the new waterway -- an […]











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