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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 Convention of Constantinople [3] [4] is a treaty concerning the use of the Suez Canal in Egypt.It was signed on 29 October 1888 by the United Kingdom, the German Empire, Austria-Hungary, Spain, France, Italy, the Netherlands, the Russian Empire and the Ottoman Empire.
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]
Until 1956, the Suez Canal was controlled by the Suez Canal Company, owned by France with Egyptian participation. Tensions first arose when Britain and the United States made a decision to not finance the Egyptian construction of the Aswan High Dam in response to Egypt’s growing relations with the communist state of Czechoslovakia and the ...
In total, there have been five closures to the Suez Canal since its opening in 1869, one of which has forced the vital shipping route to shut down for years. In total, there have been five ...
Much of the money went for the construction of the Suez Canal. About £46 million went to construct 8,000 miles (13,000 km) of irrigation canals to help modernize agriculture. He built over 900 miles (1,400 km) of railroads, 5,000 miles (8,000 km) of telegraph lines, 400 bridges, harbor works in Alexandria, and 4,500 schools.
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, a canal services firm said.