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Suez Canal Authority

 

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Suez Canal Authority



 
 
Suez Canal Authority (SCA) is a state owned authority which owns and maintains the Suez Canal
Suez Canal

The Suez Canal is a canal in Egypt. Opened in November 1869, it allows water transportation between Europe and Asia without navigating around Africa or carrying goods overland between the Mediterranean and the Red Sea....
. It was set up by Egypt
Egypt

Egypt is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Western Asia. Covering an area of about , Egypt borders the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan to the south and Libya to the west....
 to replace the then privately nationalized
Nationalization

Nationalization, also spelled nationalisation, is the act of taking an industry or assets into the public ownership of a national government or state....
 company in the 1950s which resulted in the Suez Crisis
Suez Crisis

The Suez Crisis, also referred to as the Tripartite Aggression, was a military attack on Egypt by United Kingdom, France, and Israel beginning on 29 October 1956....
. After the UN
United Nations

The United Nations is an international organization whose stated aims are to facilitate cooperation in international law, international security, economic development, Social change, human rights and achieving world peace....
 intervened, Egypt agreed to pay millions of dollars to shareholders of the nationalized Suez Canal Company
Suez Canal Company

The Universal Suez Ship Canal Company was the France corporation which constructed the Suez Canal between 1859 and 1869. France was the majority shareholder, with Egypt also holding a significant stake until financial crisis forced Isma'il Pasha to sell his shares to the British government....
.








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Suez Canal Authority (SCA) is a state owned authority which owns and maintains the Suez Canal
Suez Canal

The Suez Canal is a canal in Egypt. Opened in November 1869, it allows water transportation between Europe and Asia without navigating around Africa or carrying goods overland between the Mediterranean and the Red Sea....
. It was set up by Egypt
Egypt

Egypt is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Western Asia. Covering an area of about , Egypt borders the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan to the south and Libya to the west....
 to replace the then privately nationalized
Nationalization

Nationalization, also spelled nationalisation, is the act of taking an industry or assets into the public ownership of a national government or state....
 company in the 1950s which resulted in the Suez Crisis
Suez Crisis

The Suez Crisis, also referred to as the Tripartite Aggression, was a military attack on Egypt by United Kingdom, France, and Israel beginning on 29 October 1956....
. After the UN
United Nations

The United Nations is an international organization whose stated aims are to facilitate cooperation in international law, international security, economic development, Social change, human rights and achieving world peace....
 intervened, Egypt agreed to pay millions of dollars to shareholders of the nationalized Suez Canal Company
Suez Canal Company

The Universal Suez Ship Canal Company was the France corporation which constructed the Suez Canal between 1859 and 1869. France was the majority shareholder, with Egypt also holding a significant stake until financial crisis forced Isma'il Pasha to sell his shares to the British government....
.

Chairmen of the Suez Canal Authority (1956-Present)

Since nationalisation:
  • Doctor
    Doctor (title)

    Doctor means teacher in Latin language. The word is originally an agentive noun of the verb docere . It has been used continuously as an honored academic title for over a millennium in Europe, where it dates back to the rise of the university....
     Mohamed Helmy Bahgat Badawy (26 July 1956 – 9 July 1957)
  • Engineer
    Engineer

    An engineer is a person professionally engaged in a field of engineering. Engineers are concerned with developing economical and safe solutions to practical problems, by applying mathematics and scientific knowledge while considering technical constraints....
     Mahmoud Younis
    Mahmoud Younis

    Engineer Mahmoud Younis Suez Canal nationalization Engineer on July 26 1956.Chairmen of the Suez Canal Authority ....
     (10 July 1957 – 10 October 1965)
  • Engineer
    Engineer

    An engineer is a person professionally engaged in a field of engineering. Engineers are concerned with developing economical and safe solutions to practical problems, by applying mathematics and scientific knowledge while considering technical constraints....
     Mashhour Ahmed Mashhour (14 October 1965 – 31 December 1983)
  • Engineer
    Engineer

    An engineer is a person professionally engaged in a field of engineering. Engineers are concerned with developing economical and safe solutions to practical problems, by applying mathematics and scientific knowledge while considering technical constraints....
     Mohamed Ezzat Adel (1 January 1984 – December 1995)
  • Admiral
    Admiral

    Admiral is the military rank, or part of the name of the ranks, of the highest naval officers. It is usually considered a full admiral and above Vice Admiral and below Admiral of the Fleet/Fleet Admiral....
     Ahmed Ali Fadel (22 January 1996 – Present)

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