With the weakening of a Dubai port company in the Suez Canal, Qatar sees an opening to exert influence on this major trade artery.
Major General Ahmed Wasfi, Second Field Army Commander in Egypt, toured the Suez Canal on 9 March 2013, following statements by the head of the Suez Canal Commission that the canal is a red line that should not be crossed. These acts reconfirm the critical importance of the canal, considered one of the most important shipping lanes in the world. (...)
The Suez Canal is a recurring talking point in statements by foreign officials, as was evident in the recent visit by US Secretary of State John Kerry. But it is also the backyard of a regional conflict. There is increased talk of a possible conflict between Qatar and the UAE concerning the implications of the Sharq al-Tafria project.
Qatari investment in Egypt in on the rise. The Gulf country’s economic reach inside Egypt was apparent in recent statements by Qatari Prime Minister Hamad Bin Jassim. “Qatar will not let Egypt collapse economically,” he said. Qatar provided Egypt with aid and a deposit of around $5 billion. However, this all pales in comparison to rumors that the Qataris wish to acquire a large portion of UAE’s investments in the Suez region.