Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
Combat module containing neural networks may become series in Russia in 2018 — designerMilitary & Defense August 19, 10:44
Egypt is planning to build a new 72-kilometre waterway parallel to the Suez Canal, the fastest shipping route between Europe and Asia, the chairman of the Suez Canal Authority said on Tuesday.
The $8 billion project "will turn Egypt into one of the world's largest industrial and commercial centres," Mohab Mamish said.
Mamish said the construction is expected to take three years, while Egyptian President Abdel-Fattah El-Sisi has ordered the new passage to be completed in a year.
The project will double the waterway's capacity and reduce maximum waiting hours for ships from 11 to three hours.
The Suez Canal carrying about 10% of global seaborne trade, is a vital source of revenue for Egypt, which total some $5 billion every year. The 190-kilometre canal, which connects the Mediterranean and the Red Sea opened in 1869 and was nationalised by Egypt in 1956.