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The Suez Company or Suez Canal Company, full initial name Compagnie universelle du canal maritime de Suez (Universal Company of the Maritime Canal of Suez), [1] sometimes colloquially referred to in French as Le Suez ("The Suez"), [2] [3] was a company formed by Ferdinand de Lesseps in 1858 to operate the Egyptian granted concession of the Suez Canal, which the company built between 1859 and 1869.
The Suez Canal (/ ˈ s uː. ɛ z /; Arabic: قَنَاةُ ٱلسُّوَيْسِ, Qanāt as-Suwais) is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia (and by extension, the Sinai Peninsula from the rest of Egypt).
Suez Canal Authority (SCA) is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal. It was set up by the Egyptian government to replace the Suez Canal Company in the 1950s which resulted in the Suez Crisis .
On 26 July 1956 Egyptian president Gamal Abdel Nasser nationalized the Suez Canal from British and French investors who owned the Suez Canal Company, causing Britain and France to devise a military operation with the help of Israel to invade the Egyptian Sinai Peninsula and have British and French paratroopers drop in to protect the Suez Canal ...
The Suez Canal is one of the world’s busiest shipping lanes.About 12% of world trade by volume passes through the man-made channel connecting Europe and Asia. So, a traffic jam like the one ...
1956 The Egyptian Government nationalised the Suez Canal, owned by the Suez Canal Company which was part owned by the British government. 1962 The Ceylon Government nationalised the assets of the partly British-owned Royal Dutch Shell company. 1975 The Sri Lanka Government nationalised the assets of the British-owned plantation companies.
During the 20th century, U.S.-Panama tensions worsened and there were growing protests against U.S. control of the canal, notably after the Suez Canal crisis in 1956, when British and French plans ...
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