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Suez Canal Authority (SCA) is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal. It was set up by the Egyptian government to replace the Suez Canal Company in the 1950s which resulted in the Suez Crisis .
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).
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 ...
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 ...
The Egyptian government has calculated a $1 billion bill to get the MV Ever Given cargo ship unstuck in the Suez Canal.
[1] [2] Following the outbreak of hostilities in 1967, the Suez Canal was closed until 1975. In 1973, Egypt attempted to retake the Sinai Peninsula by force, triggering the Yom Kippur War; although the initial Egyptian offensive was successful, the conflict ended in an Israeli victory. In 1979, Egypt became the first Arab country to recognize ...
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 Suez Canal was blocked for six days from 23 to 29 March 2021 by the Ever Given, a container ship that had run aground in the canal. [4]The 400-metre-long (1,300 ft), 224,000-ton, 20,000 TEU vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck on opposite canal banks, blocking all traffic until it could be freed ...