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'New Suez Canal' opens in Egypt

AFP, Ismailiya
President Abdel Fattah al-Sisi kicked off a lavish ceremony yesterday to unveil a "new" Suez Canal, as Egypt sought to boost its economy and international standing by expanding the vital waterway.
Sisi, dressed in ceremonial military uniform, began the ceremony by leading a naval flotilla aboard a historic yacht as fighter planes and helicopters flew overhead.
Security was tightened, with the Islamic State group’s warning that it might execute a Croatian kidnapped near Cairo threatening to overshadow the celebrations, showcased by authorities as proof the country was safe.
The event in the port city of Ismailiya attended by several heads of state, including French President Francois Hollande, comes two years after then army chief Sisi overthrew his Islamist predecessor.
Mohamed Morsi's ouster unleashed
a deadly crackdown on Islamists, and a jihadist insurgency has killed hundreds of soldiers east of the Suez Canal.
ISIS's Egyptian affiliate released a video Wednesday threatening to execute hostage Tomislav Salopek, a worker with French geoscience company
CGG, within 48 hours unless Egypt frees jailed Muslim women.
Croatian Foreign Minister Vesna Pusicwasdue in Cairo yesterday to try to secure Salopek's release.
Sisi, elected last year on a promise to strengthen security and revive a dilapidate economy, broke ground on the canal project last August.
Initial estimates suggested the new route would take up to three years to build, but Sisi set an ambitious target of 12 months.
It has been touted as a landmark achievement, rivalling the digging of the original 192-kilometre canal, which opened in 1869 after almost a decade of work.
The new section, built at a cost of $9 billion and funded entirely by Egyptian investors, runs part of the way alongside the existing canal connecting the Red Sea and the Mediterranean.
"It's an achievement forthe people who managed to fund it as a national project
and accomplished it through perseverance and hard work," Sisi's office has said.
It involved 37 kilometres of dry digging, creating what is effectively a "second lane", and widening and deepening another 35 kilometres of the existing canal.