Egyptian officials make conflicting statements over threat to Suez Canal from Israel-UAE pipeline ...Kuwait

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Amid continuing uncertainty, the director of Egypt’s Suez Canal Authority has backtracked on statements that a proposed UAE-Israel oil pipeline could significantly affect the Egyptian economy.Egyptian officials have expressed concern over the possible economic impact on the country from a planned pipeline and railway transporting oil from the UAE via the Israeli ports of Eilat and Ashkelon. Contradictory statements have been made by the head of the Egyptian Suez Canal Authority (SCA), Osama Rabie. Last week, Rabie told the Egyptian TV channel Sada Al-Balad that the Israeli-UAE pipeline project could decrease traffic through the Suez Canal - an important source of revenue for Cairo - by as m

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Last updated : 03 February 2021 clock 08:16 PM

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Egyptian officials make conflicting statements over threat to Suez Canal from Israel-UAE pipeline ...Kuwait

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