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.
Suez SA said Friday that it swung to a net loss for 2020 as earnings were hurt by costs and provisions associated with the coronavirus pandemic ...Recurring free cash flow is seen above EUR500 million, Suez said.
-- Reported net loss attributable to Diamond S of $9.7 million, or net loss of $0.24 basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $27.1 million ... The sale of the vessel is expected to generate approximately $7 million in net proceeds before settlement of working capital ... Total other expense – Net.
-- Net income attributable to Diamond S of $45.7 million, or $1.15 per basic share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $84.1 million ... Net debt at June 30, 2020 was $640.0 million, implying a net debt to asset value leverage ratio of 41% based on broker valuations as of June 2020 ... Total other expense – Net ... Net income (loss).
4 (Xinhua) -- The revenues of Egypt's SuezCanal reached 5.8 billion U.S ... Rabie announced that the Suez ... The Suez Canal accommodated 18,880 ships with a net tonnage of 1.2 billion tons during 2019, the SCA chairman said.
The remaining 543,000 acre block was awarded in the North East El Amriya offshore block along the Nile Delta. Read More ... The find sparked a search for more hydrocarbon resources along the Nile Delta, the western desert, Gulf of Suez and now the Red Sea as the country looks to become a net exporter of gas, particularly to markets in Europe. Updated ... .
The SuezCanal's tariffs of passage rose by 66.1 million dollars to 1.5 billion dollars, while net inflows of FDI in Egypt recorded 2.4 billion dollars compared to 1.4 billion dollars last year. The bank attributed the rise in the net ...
The fracking revolution and a shift in export policies has transformed the US from a top net-importer to a major exporter ... They previously expected 81% of “new oil production” would occur west of Suez, but if the MEG remains disrupted, we could see over 100% of ‘net new supply’ west of Suez (i.e.
</p>Youcef Belaili, Riyad Mahrez and Adam Ounas all found the back of the net to set up a showdown against either Mali or Ivory Coast in Suez on Thursday, for a place in the final four. </p>Baghdad Bounedjah squandered a gilt-edged chance for the Algerians with 20 minutes on the clock ... </strong>Kone; M.
Deferred financing costs – Net—169 ...GAAP, the Company consolidates 100% of NT Suez’s net income for the three months ended March 31, 2019 and the net loss for the three months ended March 31, 2018. Consolidated net loss of $(820) and $(14,063) for the three months ended March 31, 2019 and 2018, respectively, includes 100% of NT Suez’s results.
PARIS, Feb 27 (Reuters) - French waste and water group Suez booked double-digit 2018 earnings growth and gave confident guidance for 2019, but unlike rival Veolia it again left its dividend unchanged. Suez has kept its dividend at 65 cents per share since 2010, and said it would propose to pay the same on 2019 earnings.