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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 act at the same time nationalized the Suez Canal Company and transferred all its assets and employees to the SCA established by this act. [3] The head office is located in Ismailia. In Port Said the administration building of the earlier Suez Canal Company is used.
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 ...
The New Suez Canal is expected to expand trade along the fastest shipping route between Europe and Asia. The new canal allows ships to sail in both directions at the same time. This decreases transit time from 18 to 11 hours for most ships. The expansion is expected to double the capacity of the Suez Canal from 49 to 97 ships a day. [3]
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.
A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback ...
Joseph Liard, Canal du Rhône au Rhin; Ferdinand de Lesseps (1805-1894), Suez Canal and the failed first attempt at a canal in Panama; Louis de Règemortes, Canal de l'Ourcq, Canal de Saint-Quentin; Pierre-Paul Riquet (1609-1680), Canal du Midi, Canal de l'Ourcq; Sébastien Le Prestre de Vauban, Canal de Bourbourg; See also, List of canals in ...