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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 city was established in 1859 during the building of the Suez Canal. There are numerous old houses with grand balconies on all floors, giving the city a distinctive look. Port Said's twin city is Port Fuad, which lies on the eastern bank of the Suez Canal. The two cities coexist, to the extent that there is hardly any town centre in Port Fuad.
Under Lionel the bank financed the British government's 1875 purchase of a controlling 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.
A sharp downturn in revenue after sea attacks by Yemen's Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt's already deteriorating economy, adding ...
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; Housing and Development Bank (HD-Bank), state-controlled; Al Baraka Bank of Egypt S.A.E. National Bank of Kuwait - Egypt (NBK), part of National Bank of Kuwait Group
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, a canal services firm said.
In 2010, the New York-New Jersey Port industry supported: [118] 170,770 direct jobs; 279,200 total jobs in the NY-NJ region; Nearly $11.6 billion in personal income; Over $37.1 billion in business income; Almost $5.2 billion in federal, state and local tax revenues; Local and State Tax Revenue: $1.6 billion; Federal Tax Revenue: $3.6 billion
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).
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