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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).
Louis Maurice Adolphe Linant de Bellefonds better known as Linant Pasha (Lorient, France, 23 November 1799 – Cairo 9 July 1883) was an explorer of Egypt and, as the chief engineer of Egypt's public works, 1831–1869, an influential engineer of the Suez Canal. He is listed as a founder of the Suez Canal Company.
Ferdinand Marie, Comte de Lesseps (French: [də lesɛps]; 19 November 1805 – 7 December 1894) was a French diplomat and later developer of the Suez Canal, which in 1869 joined the Mediterranean and Red Seas, substantially reducing sailing distances and times between Europe and East Asia.
Egypt received a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the ...
Under Lionel, the bank financed the British government's 1875 purchase of Egypt's 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.
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 ...
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 ...