Suez (Arabic:السويسas-Suways; Egyptian Arabic:es-Sewēs, el-Sewēs pronounced[esseˈweːs]) is a seaport city (population ca. 497,000) in north-eastern Egypt, located on the north coast of the Gulf of Suez (a branch of the Red Sea), near the southern terminus of the Suez Canal, having the same boundaries as Suez governorate. It has three harbors, Adabya, Ain Sukhna and Port Tawfiq, and extensive port facilities. Together they form a metropolitan area.
Railway lines and highways connect the city with Cairo, Port Said, and Ismailia. Suez has a petrochemical plant, and its oil refineries have pipelines carrying the finished product to Cairo.
Early Islamic era
In the 7th century AD a town named "Kolzum" stood just north of the site of present-day Suez and served as eastern terminus of a canal built by Amr ibn al-'As linking the Nile River and the Red Sea. Kolzum's trade fell following the closure of the canal in 770 by the second Abbasid caliph al-Mansur to prevent his enemies in Arabia from accessing supplies from Egypt and the lands north of it. Nonetheless, the town benefited from the trade that remained between Egypt and Arabia. By 780 al-Mansur's successor al-Mahdi restored part of the canal. The Qarmatians led by Hasan ibn Ahmad defeated a Fatimid army headed by Gawhar al-Siqilli at Kolzum in 971 and thereby captured the town. Following his defeat in Cairo by al-Siqilli at the end of that year, Hasan and his forces retreated to Arabia via Kolzum. Suez was situated nearby and served as a source of drinking water for Kolzum according to Arab traveler al-Muqaddasi who visited in 986.
During a tennis match in Paris between Ferdinand de Lesseps (Tyrone Power) and his friend Vicomte Rene de Latour (Joseph Schildkraut), the enthusiastic admiration of Countess Eugenie de Montijo (Loretta Young) for de Lesseps attracts the attention of Louis-Napoléon Bonaparte (Leon Ames). Bonaparte sees to it that both she and de Lesseps are invited to his reception. At the party, a fortuneteller predicts that Eugenie will have a troubled life, but also wear a crown, and that de Lesseps will dig a ditch. Entranced by Eugenie's beauty, Bonaparte arranges for his romantic rival to be assigned to a diplomatic post in Egypt, joining his father, Count Mathieu de Lesseps (Henry Stephenson), the Consul-General. De Lesseps impulsively asks Eugenie to marry him immediately, but she turns him down.
The first phase of the presidential initiative to replace aging vehicles is aiming to replace 250,000 obsolete cars in the governorates of Cairo, Giza, Qalyubia, Alexandria, Suez, Port Said and the Red Sea, Minister of Finance Mohamed Maait announced ... Maiit also announced new measures under which the initiative will expand, which include. ... ....
PARIS, May 8 (Reuters) - German recycling group Remondis said on Saturday it offered to take a minority stake of up to 40% in the "new Suez" that will hold water management firm Suez's French water assets and some international pieces after its takeover by bigger peer Veolia.
“The Rothschilds of the East” ... In 1858, JosephSassoon was one of the first investors to take part in financing the construction of the SuezCanal ... In 2020, David E ... J ... He is also highly educated, holds an undergraduate degree in neurobiology, and two master’s degrees in political science, and international banking & finance ... Fein.
The head of the SuezCanal Economic Zone (SCZone), Yahya Zaki signed a financing contract for its projects with a banking consortium of six Egyptian-Egyptian banks from six banks, worth LE10 billion to contribute to the development work of the industrial zones in SCZone.
The EBRD's investment “will be around green technology through renewables, green financing through banks, green investment in cities and the other focus will be financial inclusion", Ms Harmgart said ... We financed over half of Benban in Egypt, we financed most of the solar and renewable projects together with our partners in Jordan.” Read More.
Also, it should not launch a smear campaign against China's infrastructure financing, or call it a "debt trap" ... The Asian Development Bank estimated that Asia needs $1.7 trillion in infrastructure financing each year until 2030, but only $900 billion was available in 2015.
Business content from The New York Times will now be included with your subscription to Finance & Commerce... The traffic jam at the SuezCanal will soon begin easing, but behemoth container ships such as the one that blocked that crucial passageway for almost a week and caused headaches for shippers around the world aren’t going anywhere.
Read full article. 31 March 2021, 9.37 am183;2-min read. An influencer is a person who has a large, and often loyal, social media following ...Guess what? Brands know this, and many are willing to pay you to post such images! ... 10 things you didn't know about the SuezCanal ... 5 personal finance podcasts to help you get better at managing your money ... 1.
Read full article. News1830 March 2021, 11.26 am183;2-min read. SuperstarPrabhas has been quite successful in his recent ventures and many more of his exciting projects are upcoming ... The love for luxury cars of the actor is already known ... TRENDING. Yahoo Finance. 10 things you didn't know about the SuezCanal. Yahoo Finance·7-min read. News18 ... ANI ... .
Yahoo Finance. How to trade the SuezCanal cargo ship blockage ...Images of the massive 400 meter-long container ship Ever Green running aground and blocking the Suez Canal are stunning ... (Suez Canal Authority via AP) ... Follow him at @SamRoYahoo Finance Highlights ... Find live stock market quotes and the latest business and finance news.
Yahoo Finance’s BrianSozzi and Julie Hyman discuss the latest developments of the SuezCanal blockage and long-lasting impacts as a result of delays.VideoTranscript... Latest reporting from Bloomberg says it's going to take at least until next Wednesday to free the ship from the Suez Canal.
Welcome to the CapitalNote, a newsletter about business, finance, and economics. On the menu today. big ships, the bank effect, and the last Suez blockage. To sign up for the Capital Note, follow this link. Ships Are Very Large. In case you haven’t heard, there is a container ship wedged into the Suez Canal... A virtuous circle had developed ... The result ... .