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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 .
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).
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 canal is a key source of scarce foreign currency for indebted Egypt, which spent an estimated $8.2 billion on an expansion of the canal that opened in 2015 and included the creation of a 35-km ...
CAIRO (Reuters) -Tug boats refloated an oil tanker that was briefly stranded in Egypt's Suez Canal late on Wednesday after to a technical fault with its rudder, the Suez Canal Authority (SCA) said.
Lieutenant-General Osama Rabie, Chairman of the Suez Canal Authority, inspected efforts to free a stuck container ship that was blocking the canal on Friday, March 26.Footage uploaded to Facebook ...
The Suez Canal Corridor Area Project (Arabic: مشروع تطوير محور قناة السويس) was a megaproject in Egypt that was launched on 5 August 2014 by President Abdel Fattah el-Sisi and was completed in 2015.
A tugboat sank Saturday in Egypt's Suez Canal after it collided with a Hong Kong-flagged tanker, the waterway’s authorities said. In a statement, the Suez Canal Authority, which oversees the ...