Egypt Economy

Egypt Economy

FILE – In this Sunday, Aug. 9, 2015 file photo, a ship crosses the Gulf of Suez towards the Red Sea as holiday-makers swim in Suez, 127 kilometers (79 miles) east of Cairo, Egypt. The centerpiece of Egyptian President Abdel-Fattah el-Sissi’s efforts to jumpstart the economy was an extension of the Suez Canal unveiled in March and completed in August. But claims that annual revenues from the crucial waterway will be more than doubled to $13.2 billion by 2023 depend on a surge in global trade, which most experts think is unlikely. (AP Photo/Amr Nabil, File)

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