Egypt launches construction of New Suez Canal

Egypt has launched construction of a new Suez Canal that aims to speed up traffic along the existing waterway and boost the country's battered economy. The project, estimated to cost 4 billion US dollars, foresees the creation of a million jobs at a time when Egypt is struggling to recover ...

Sri Lanka PSEs report huge losses

Egypt launches construction of New Suez Canal

Egypt has launched construction of a new Suez Canal that aims to speed up traffic along the existing waterway and boost the country's battered economy. The project, estimated to cost 4 billion US dollars, foresees the creation of a million jobs at a time when Egypt is struggling to recover ...

Egypt to build $4bn waterway alongside Suez

Egypt will dig up a 35 kilometer long artificial waterway alongside the Suez Canal. Egyptian president Abdel-Fattah El-Sisi announced that digging for the 4 billion dollar waterway will be finished by mid-2015. 17 civilian companies have been chosen to finalize the project in cooperation with milita...

HC fines Maha govt for not allotting land to war widow

The Bombay High Court has imposed a cost of Rs. 75,000 on the Maharashtra government for its failure to allot a plot of land to a war widow. Expressing strong displeasure over bureaucratic delays, the Division Bench of Justices Abhay Oka and AS Chandurkar said that the amount should be recovered fro...

Ebola scare: BA suspends flights to and from Liberia, Sierra Leone

British Airways has suspended flights to and from Liberia and Sierra Leone until the end of August amid concerns over the Ebola outbreak. The airline normally has four flights a week from London to Freetown in Sierra Leone, with a connection to Monrovia in Liberia. British Airways said the move is d...

Egypt to build $4bn warterway alongside Suez

Egypt will dig up a 35 kilometer long artificial waterway alongside the Suez Canal. Egyptian president Abdel-Fattah El-Sisi announced that digging for the 4 billion dollar waterway will be finished by mid-2015. 17 civilian companies have been chosen to finalize the project in cooperation with milita...

US to invest USD 33 billion in Africa

US President Barack Obama has announced 33 billion dollars of investment in Africa. At a US-Africa summit, he said there will be increase funding for a project to provide electricity to African homes and businesses. He said the United States was committed to helping Africans, especially women and sm...

HC imposes fine on Maha govt for not allotting land to war widow

The Bombay High Court has imposed a cost of Rs. 75,000 on the Maharashtra government for its failure to allot a plot of land to a war widow. Expressing strong displeasure over bureaucratic delays, the Division Bench of Justices Abhay Oka and AS Chandurkar said that the amount should be recovered fro...

PAG finds several financial irregularities in Jh'khand depts

The Principal Auditor General, PAG,of Jharkhand has found many financial irregularities in different departments of the Jharkhand government, and said despite repeated warnings, no rectification has been done by the state government. Speaking to the media on the occasion of releasing of the annual r...