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The Suez Canal Bank was founded in 1978 in Ismailia, a city in eastern Egypt, with authorized capital of £E 10 million and paid-in capital of £E 2.5 million. In 1982, the company offered its initial public offering on the Egyptian Exchange. The company opened an Islamic banking branch in Dokki in 1983. In 1998, the company was upgraded to ...
Disraeli is a play by the British writer Louis N. Parker.The comedy with dramatic overtones has four acts and four settings, with a large cast, and moderate pacing. It is a fictional depiction of Benjamin Disraeli's life around 1875, when he arranged the purchase of the Suez Canal.
Under Lionel the bank financed the British government's 1875 purchase of a controlling interest in the Suez Canal. Lionel also began to invest in railways as his uncle James had been doing in France. In 1869, Lionel's son, Alfred de Rothschild (1842–1918), became a director of the Bank of England, a post he held for 20 years.
In 1875, the Khedive of Egypt had gone bankrupt and needed to sell shares in the Suez Canal (of whose traffic four-fifths was British) to gain money. Disraeli purchased 176,602 shares, or 44% of the Canal's total. This did not give Britain ownership, but it did give a strong voice and protection against adverse policies.
The war saw protracted conflict in the Suez Canal Zone, ranging from limited to large scale combat. Israeli shelling of the cities of Port Said, Ismailia, and Suez on the west bank of the canal, led to high civilian casualties (including the virtual destruction of Suez), and contributed to the flight of 700,000 [2] Egyptian
Except the £16,000,000 spent in the construction of the Suez Canal, all the money borrowed in this period 'was squandered'. Reid, Donald (July 2004). "Review of Lord Cromer: Victorian Imperialist, Edwardian Proconsul". Reviews in History. Institute of Historical Research; School of Advanced Study, University of London. ISSN 1749-8155. (review ...
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