{"id":616414,"date":"2024-03-05T00:00:00","date_gmt":"2024-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/05\/osama-rabie-takes-to-airwaves-to-promote-suez-canal-widening-plans\/"},"modified":"2024-03-05T00:00:00","modified_gmt":"2024-03-05T00:00:00","slug":"osama-rabie-takes-to-airwaves-to-promote-suez-canal-widening-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/05\/osama-rabie-takes-to-airwaves-to-promote-suez-canal-widening-plans\/","title":{"rendered":"Osama Rabie takes to airwaves to promote Suez Canal widening plans"},"content":{"rendered":"

The Suez Canal expansion project continued to make the rounds<\/strong> for a second day on the airwaves last night, while new reports of a projected dip in food prices got the nation\u2019s talking heads\u2019 attention.<\/p>\n

The Suez Canal expansion project is slated to wrap up by 2034<\/strong>and the Suez Canal Authority is currently collaborating with the largest global consulting companies, said SCA Chairman Osama Rabie, who took to the airwaves to advocate for the project and dispel doubts about it. Rabie appeared as a guest on El Hekaya (watch, runtime: 38:28<\/a>), Ala Mas\u2019ouleety (watch, runtime: 21:53<\/a>), and Fi El Masa\u2019a Ma' Kaswaa (watch, runtime: 7:35<\/a>).<\/p>\n

\"The tree that bears fruit will be stoned,\" Rabie said in response to criticism of the<\/strong> project<\/strong>, stressing that the New Suez Canal faced the same flak when it was first launched. The inauguration of the new channel doubled the canal\u2019s FX receipts to USD 10.25 bn from USD 4.8 bn until last year as the number of ships transiting the waterway doubled, he said.<\/p>\n

Rabie shot down claims that the 2015 New Suez Canal project triggered an FX crisis<\/strong>, arguing that the project recouped its costs of EGP 22 bn in four to five months.<\/p>\n

Prices of food commodities are expected to fall 20-25% within six weeks <\/strong>as the EGP strengthens against the USD on the back of the FX injection the country has received from the Ras El Hekma sale, Ahmed Moussa quoted Supply Minister Ali El Moselhy as saying on Ala Mas\u2019ouleety (watch, runtime: 2:29<\/a>). The country has a large stock of basic commodities, the minister noted, explaining that Egypt\u2019s strategic sugar reserves are sufficient to cover six and a half months of consumption, while frozen meat stocks should last three months (watch, runtime: 3:59<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

\"The tree that bears fruit will be stoned,\" Rabie said in response to criticism of the project<\/p>\n","protected":false},"author":1,"featured_media":616415,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[779,72,106,7143,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-ali-el-moselhy","tag-enterpriseam","tag-last-nights-talk-shows","tag-osama-rabie","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"0d8228b1-8da6-49e5-84a5-ffa2616e6681","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/348.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Osama Rabie takes to airwaves to promote Suez Canal widening plans","related_issue":[616399],"teaser":"\"The tree that bears fruit will be stoned,\" Rabie said in response to criticism of the project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.e1607198-2181-4757-b478-078e2616aebc.mp3"},"yoast_head":"\nOsama Rabie takes to airwaves to promote Suez Canal widening plans - 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One commodity crisis at a time, please. Onion prices have seen a dramatic jump in prices over the past few weeks, which saw it jump to EGP\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1163.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616334,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/the-suez-canal-was-back-in-the-news\/","url_meta":{"origin":616414,"position":1},"title":"The Suez Canal was back in the news","author":"enterpriseam admin","date":"4 March 2024","format":false,"excerpt":"It was a mixed bag on the airwaves last night, with the nation\u2019s hosts covering news of a government plan to continue work on Suez Canal\u2019s expansion, the death of Arish University student Naira Salah, and the Gaza ceasefire talks underway in CairoEgypt set on doubling the Suez Canal: The\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664326,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/trumps-demand-that-us-ships-pass-suez-canal-without-charge-sparked-condemnation-across-the-airwaves\/","url_meta":{"origin":616414,"position":2},"title":"Trump\u2019s demand that US ships pass Suez Canal without charge sparked condemnation across the airwaves","author":"enterpriseam admin","date":"28 April 2025","format":false,"excerpt":"The Suez Canal \u201cis a national symbol that is not up for negotiation,\u201d said retired army general and strategic affairs expert Wael Rabie","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1698.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548386,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/07\/sca-head-osama-rabie-was-everywhere-on-the-airwaves-last-night\/","url_meta":{"origin":616414,"position":3},"title":"SCA head Osama Rabie was everywhere on the airwaves last night","author":"enterpriseam admin","date":"7 August 2022","format":false,"excerpt":"Suez Canal Authority head Osama Rabie made the rounds on the talk shows last night to commemorate the seventh anniversary of the launch of the New Suez Canal. Launched in 2015, the new canal \u2014 built in parallel to the old one in a bid to boost traffic and reduce\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616411,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/05\/sca-to-fully-fund-plan-to-expand-the-suez-canal-through-its-investment-budget\/","url_meta":{"origin":616414,"position":4},"title":"SCA to fully fund plan to expand the Suez Canal through its investment budget","author":"enterpriseam admin","date":"5 March 2024","format":false,"excerpt":"The authority will carry out studies for the project over the next 16 months","rel":"","context":"In "Logistics"","block_context":{"text":"Logistics","link":"https:\/\/enterpriseam.com\/egypt\/category\/logistics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/313.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613610,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/17\/el-moselhi-on-the-hot-seat\/","url_meta":{"origin":616414,"position":5},"title":"El Moselhi on the hot seat","author":"enterpriseam admin","date":"17 January 2024","format":false,"excerpt":"It was a shouty night on the airwaves yesterday, as an unusually rowdy House earlier in the day aimed their sights on Supply Minister Ali El Moselhi to vent their frustration over commodity shortages and price hikes.Supply minister under fire: \u201cThis is not a House that pats [on the back].\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1400.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=616414"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616414\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/616399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/616415"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=616414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=616414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=616414"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=616414"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=616414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}