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Egypt Says 'New' Suez Canal to Open Aug. 6

When Egyptian President Abdel Fattah el-Sissi announces the “new” Suez Canal is open for business on August 6, according to officials, ships at sea around the world will blast their horns in celebration. The expansion will more than double the canal’s income over the next 10 years by making the trip faster and cheaper for shippers, said Suez Canal Authority head Admiral Mohab Mohamed Hussien Mameesh. “Food will arrive faster. Medicine will arrive faster. Petroleum products will arrive...

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