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.
... of the EPS accretion(3) of around 40% in 2024 -- Leverage ratio below 2.9x(2) -- Dividend growth in line with current EPS growth (1) At constant scope and forex (2) Before SuezPPA (3) Current net income per share after hybrid costs and before PPA Agenda11 January 2024 .
The location of the plant next to the SuezCanal and within the perimeters of the harbour in EastPort Said, Egypt will ensure bunkering services for the green ammonia fuelled vessels that pass the Suez Canal. The IEA’s updated Net Zero Roadmap projects ammonia to lead ...
On 4 October a framework agreement was signed at the Cabinet headquarters in the New AdministrativeCapital, to establish a USD3 billion project to produce green fuel and its derivatives in the SuezCanal Economic Zone (SCZONE) at Shokha south of Suez ...The new project is aimed for ship bunkering supplies and to achieve net zero carbon emissions.
... line with current EPS growth (1) At constant forex and without extension of the conflict beyond the Ukrainian territory and without significant change in the energy supply conditions in Europe (2) Before SuezPPA (3) Current net income per share after hybrid costs and before PPA.
RIYADH ... The minister attributed the development to the country’s digitalization efforts ... He stated that net foreign direct investments grew by 75 percent to reach $5.7 billion noting that the SuezCanal revenues amounted to $4 billion ... ....
“The Egyptian tourism sector is one of the most important sources of foreign currency, along with exports, revenues from the SuezCanal, remittances from Egyptians abroad, and net foreign direct investment flows,” Ihab El-Gamal, an Egyptian economics researcher, told ArabNews.
Back in March, the SuezCanal recorded the highest daily crossing rate in its history on Monday as 107 ships crossed from multiple directions of the canal with a total net tonnage of 6.3 million tons, the head of the Suez Canal AuthorityOsama Rabie announced.
SuezCanal revenues totaled $2.2 billion in the second quarter, up from $1.7 billion in the same period a year earlier ... Suez traffic. Navigation traffic in the Suez Canal recorded its highest-ever daily transit rate, with 107 ships crossing from both directions without waiting and a total net tonnage of 6.3.
“The [digging of] new SuezCanal... The Suez Canal has recorded its highest daily transit rate as 107 ships are set to cross the international trade route on Monday with net tonnage of 6.3 million tons, Chairman of the Suez Canal AuthorityOsama Rabie has said in a statement.
The SuezCanal has recorded its highest daily transit rate as 107 ships are set to cross the international trade route on Monday with net tonnage of 6.3 million tons, Chairman of the Suez Canal AuthorityOsama Rabie has said in a statement ... The Suez Canal achieved in ...