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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 ...
The Bar-Lev Line evolved from a group of rudimentary fortifications placed along the canal line. In response to Egyptian artillery bombardments during the War of Attrition, Israel developed the fortifications into an elaborate defense system spanning 150 km (93 mi) along Suez Canal, with the exception of the Great Bitter Lake (where a canal crossing was unlikely due to the width of the lake).
Operation Badr (Arabic: عملية بدر ʻAmaliyat Badr), also known as Plan Badr (خطة بدر Khitat Badr), was an Egyptian military offensive and operation across the Suez Canal that destroyed the Bar-Lev Line, a chain of Israeli fortifications along the frontline of the Israeli-occupied Sinai Peninsula, on 6 October 1973.
Egyptian vehicles crossing the Suez Canal at the beginning of the war. On October 6, 1973, Egypt launched Operation Badr, which started the Yom-Kippur War.It succeeded in crossing the Suez Canal and establishing bridgeheads on the east bank in Israeli-occupied Sinai, and counter-attacks launched by Israeli reserves were unsuccessful.
Suez Canal Bank; QNB Al Ahli S.A.E., part of Qatar National Bank Group; Arab Investment Bank (AIBK) Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), part of Al Ahli Bank of Kuwait Group; First Abu Dhabi Bank - Misr (FAB), part of First Abu Dhabi Bank Group; Ahli United Bank - Egypt (AUB), part of Ahli United Bank Group; Faisal Islamic Bank of Egypt
The Israel capture of the Egyptian Sinai Peninsula, 7–8 June 1967, during the Six-Day War Israeli fortifications on the Suez Canal (1973) known as the Bar Lev Line. On 6 June 1967, after the start of the Six-Day War, Egypt closed the Suez Canal, which it owned and operated, and kept it closed until 5 June 1975, through most of the Israeli occupation of the Sinai Peninsula including the east ...
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 internal refugees.
[60] [61] [page needed] Egypt aimed to secure a foothold on the eastern bank of the Suez Canal and use it to negotiate the return of the Sinai Peninsula. [62] The war started on 6 October 1973, when the Arab coalition launched a surprise attack on Israel during the Jewish holy day of Yom Kippur, which coincided with the 10th day of Ramadan. [63]