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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 origin of its name 'Suez' traces back to its other founding entity – the Compagnie universelle du canal maritime de Suez founded in 1858 to build the Suez Canal. Suez S.A. was the result of a 1997 merger between the Compagnie de Suez and Lyonnaise des Eaux [ fr ] .
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).
About 40% of all US containers go through it, and more than 70% of the canal’s cargo is headed either to or from America. Run by the ACP, an autonomous government entity, the aquatic highway ...
A viral post shared on X claims Colorado Republican Rep. Lauren Boebert purportedly said Egypt owns the Panama Canal. Verdict: False The claim is false and originally stems from an account on X ...
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.
On 1 October 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [8] and formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels. On 14 May 2019 Bertrand Camus was appointed as chief executive officer of Suez. [9]
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, a canal services firm said.