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.
Apple Inc ... Net profit down 20% at ₹40 crore ...Report. Premium Premium TVS Motor posts ₹53 cr net profit in Q1, international .... Premium Premium Ever Given, the ship that blocked the Suez, makes it to .... Premium Here's why IndusInd Bank's net profit doubled in the June quarter ... .
HomegrownFMCG firm Jyothy Labs on Thursday reported 19.61% decline in consolidated net profit at ₹40.20 crore for June quarter 2021-22 on account of increase in input cost. It had posted a net profit of ₹50.01 crore in April-June period of the last fiscal year, Jyothy Labs said in a regulatory filing.
The New York-listed suezmax specialist said it has signed a contract for one of its vessels going via the SuezCanal with a planned discharge in China at a net time charter rate of approximately $17,000 per day for 40 ...
CAIRO – Egypt’s SuezCanal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 billion in the previous year, the Suez Canal Authority said on Sunday ... About 15% of world shipping traffic travels through the Suez Canal, the shortest shipping route between Europe and Asia.
SuezCanal nets US$5.84bn. The Suez Canal netted Egypt a record US$5.84 billion in the past tax year, Suez Canal Authority (SCA) chairman Osama Rabie said on Sunday ... Authorities netted “the highest revenues in the history of the canal, hitting $5.84 billion,” a more than 2 percent higher increase from the previous year, he said in a statement.
The SuezCanal netted Egypt a record $5.84 bn in the last tax year, its chief said on Sunday, despite the coronavirus pandemic’s effect on world trade as well as a six-day blockage of the busy waterway by a giant cargo ship ...Osama Rabie, head of the Suez Canal Authority (SCA).
Cairo, (UrduPoint / PakistanPointNews - 11th Jul, 2021 ) .The SuezCanal netted Egypt a record $5.84 billion in the last tax year, its chief said Sunday, despite the coronavirus pandemic's impact on world trade plus a six-day blockage by a giant cargo ship ... Authorities netted ...
Capital InvestmentManagement Corp (群益投顧) forecast that Yang Ming’s net profit would continue rising through the third quarter, as port congestion as well as a blockage of the SuezCanal in April have caused a container shortage and delayed delivery schedules, leaving limited capacity in the market and further boosting freight rates.
A total of 12 banks working in the Egyptian market have reported net profits of EGP 6.495bn during the first quarter (Q1) of this year, which ended on 31 March 2021 ...SuezCanalBank. The Suez Canal Bank (SCB) achieved a net profit of EGP 115.719m in March 2021, compared to EGP 114.350m in March 2020.
The ammonia plant expansion will add over 1 million tonnes of ammonia production to reach 3.3 million tonnes, making Ma’aden one of the largest ammonia producers east of the SuezCanal.”. Ma’aden in April reported a net profit after zakat and tax of SR 761.2 million ($202.99 ...
Demand for cargo remained strong during the first quarter and cargo revenue in March hit a record high, supported by supply-chain challenges exacerbated by the SuezCanal blockage, it said. The airline reported a net loss of 145.4 million euros ($175.8 million) for the first ...
MUMBAI. Shares of Wipro Ltd on Friday gained 8% after the company's revenue and profit estimates was in line with analyst ... TRENDING STORIESSee All ...India needs to learn from the Suez crisis. Net profit was flat over the preceding quarter at ₹2,972 crore in March quarter versus ₹2,897 crore consensus estimates of analysts tracked by Bloomberg ... .
The bank’s consolidated financial statements showed that it achieved a net profit of EGP 2.247bn in 2020, compared to EGP 2.785bn in 2019. SuezCanalBank (SCB) ... The bank managed to achieve a net profit of EGP 602m in 2020, compared to EGP 542m in 2019, with a growth rate of 11%.
The Ever Given drama in the SuezCanal momentarily turned the world’s attention to container shipping. It will require a more sustained focus to address the dangers these crucial ships pose to the climate ... In the future, and long after the Suez Canal traffic is back to normal, they will also be crucial in the shift to net-zero emissions. Peter R ... ....