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.
CBE added that transport receipts increased by 33.7 percent, to reach US$ 3.0 billion (against US$ 2.3 billion), as a main result of the rise in SuezCanal receipts by 19.1 percent to record US$ 2.0 billion (from US$ 1.7 billion), driven by the pickup in the net tonnage of vessels by 13.8 percent to record 372.7 million tons.
Egypt's SuezCanal nets $8 bn in all-time annual record. Egypt's Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in transit fees in 2022, as the country balks under a worsening economic crisis.
The agency’s data added that the net tonnage of ships passing through the SuezCanal witnessed a parallel increase, reaching around 119.6 million tons last September, compared to 111.6 million tons in the same month in 2021, ...
The navigation movement in the SuezCanal recorded, Monday new and unprecedented records in terms of daily transit statistics, achieving the highest daily transit rate, with 94 ships crossed from both directions without waiting, with a total net tonnage of 5 million tons, said Lieutenant-General Osama Rabie, head of the Suez Canal Authority.
The navigation movement in the SuezCanal recorded Monday new and unprecedented records in terms of daily transit statistics, achieving the highest daily transit rate, with 94 ships crossed from both directions without waiting, with a total net tonnage of 5 million tons, said Lieutenant-General Osama Rabie, head of the Suez Canal Authority.
A total of 13 banks working in the Egyptian market reported net profits of EGP 21.778bn during the first half (1H) of 2022 ... The CIB achieved a net profit of EGP 7.773bn during 1H 2022, compared to EGP 6.077bn in 1H 2021 ... SuezCanalBank achieved a net profit of EGP 268m in June 2022, compared to EGP 241m in June 2021, with a growth rate of 11%.
The head of the SuezCanalAuthorityOsama Rabie announced that navigation movement in the canal recorded on Saturday the highest daily transit rate of transiting ships in the history of the canal, with 89 ships crossing from both directions without waiting carrying a total net tonnage of 5.2 million tons.
The navigation statistics on July 29 recorded the highest daily revenue in the history of the canal and the second highest daily net tonnage in the history of the canal, as 85 ships crossed the SuezCanal on that day from both directions, with a total daily net tonnage of 5.6...