looking beyond borders

foreign policy and global economy

Egypt Wants A New Suez Canal

The canal project evokes memories of President Gamal Abdel Nasser, the wildly popular colonel who led the 1952 overthrow of Egypt’s monarchy. Nasser nationalized the canal in 1956, ending nearly a century of control by the Europeans who financed and built it. Taking the canal galvanized the Egyptian public, even more so after it resulted in a failed invasion of Egypt by Britain, France, and Israel.

Read Here – Businessweek

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