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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 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).
After issuing a joint ultimatum for a ceasefire, the United Kingdom and France joined the Israelis on 5 November, seeking to depose Egyptian president Gamal Abdel Nasser and regain control of the Suez Canal, which Nasser had earlier nationalised by transferring administrative control from the foreign-owned Suez Canal Company to Egypt's new ...
Suez Canal Authority (SCA) ... was established by the nationalization act signed on 26 July 1956 by the Egyptian president Gamal Abdel Nasser. The act at the same ...
On 26 July 1956 Egyptian president Gamal Abdel Nasser nationalized the Suez Canal from British and French investors who owned the Suez Canal Company, causing Britain and France to devise a military operation with the help of Israel to invade the Egyptian Sinai Peninsula and have British and French paratroopers drop in to protect the Suez Canal ...
1956 The Egyptian Government nationalised the Suez Canal, owned by the Suez Canal Company which was part owned by the British government. 1962 The Ceylon Government nationalised the assets of the partly British-owned Royal Dutch Shell company. 1975 The Sri Lanka Government nationalised the assets of the British-owned plantation companies.
According to the prominent historian Abd aI-’Azim Ramadan, Nasser decision to nationalize the Suez Canal was his alone, made without political or military consultation. The events leading up to the nationalization of the Suez Canal Company, as other events during Nasser's rule, showed Nasser's inclination to solitary decision making.
In 1956, the current president of Egypt at the time, Gamal Abdel Nasser, attempted to nationalize the Suez Canal, meaning that he wished for Egypt as a nation to regain control of the canal. Nasser declared martial law in Egypt, and quickly seized control of the canal. [3]