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Jul 19, 2024 · The Suez Crisis was an international crisis in the Middle East that was precipitated on July 26, 1956, when the Egyptian president, Gamal Abdel Nasser, nationalized the Suez Canal. The canal was owned by the Suez Canal Company, which was controlled by French and British interests.
- The Editors of Encyclopaedia Britannica
- The Suez Crisis was the result of the American and British decision not to finance Egypt’s construction of the Aswan High Dam, in response to Egypt...
- Egypt emerged victorious and Egyptian President Gamal Abdel Nasser became a hero for the cause of Arab and Egyptian nationalism. Israel did not win...
Jul 19, 2024 · CAIRO - The Egyptian Suez Canal’s annual revenue dropped by about 23.4 per cent in the fiscal year 2023/2024 due to the Red Sea crisis, Mr Osama Rabie, chairman of the Suez Canal Authority...
Jul 24, 2024 · Sal Mercogliano, history professor at Campbell University, joins 'The News with Shepard Smith' to discuss what happens when there is a backlog of ships at the Suez Canal.
- 4 min
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- CNBC Television
Jul 18, 2024 · The Suez Canal's annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by Iran-aligned Houthis in the Red...
Aug 1, 2024 · The South Korean container shipper in December ordered ships that would normally use the Suez Canal to reroute around Africa.
Jul 23, 2024 · Plans that had been made in 1964 for further enlargement were overtaken by the Arab-Israeli war of June 1967, during which the canal was blocked. The canal remained inoperative until June 1975, when it was reopened and improvements were recommenced.
Jul 18, 2024 · Revenue registered by the Suez Canal for fiscal year 2023/24 fell by more than $2 billion, as attacks on commercial vessels in the Red Sea by Iran-backed Houthi rebels in Yemen continue to disrupt global trade and cause rerouting.
