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Why is the Suez canal profitable for Egypt?
The Suez Canal is the only way to get from the Mediterranean Sea to the Indian Ocean without having to travel all the way around Africa. The Suez Canal is also under the ownership of the Suez Canal Authority which is an Eqyption holding. Ships must pay to use the canal, like a toll road, otherwise they would have to pay much more to traverse the much greater distance to go around Africa.
Can American private vessels use the Suez Canal?
Yes, American private vessels can use the Suez Canal, as it is an international waterway open to ships from all countries. However, they must comply with the canal's regulations and pay the applicable tolls. The Suez Canal Authority manages the passage, ensuring safe navigation for all vessels, regardless of nationality.
Who found Suez canal?
Egypt originally owned the Suez Canal and sold it to great Britain to pay off debts
The Egyptians seized control of the Suez canal in order to what?
Supported by Soviet arms and money, and furious with the United States for reneging on a promise to provide funds for construction of the Aswan Dam on the Nile River, Nasser ordered the Suez Canal seized and nationalized, arguing tolls from the ships passing through the canal would pay for the Dam.
After building the Suez Canal what happened to Egypt?
they could not pay their debts and had to sell the Seuz Canal.
Were Europe and Asia connected?
Yes. In fact, they still are. Egypt and Israel are actually connected to each other. However, there is a canal which goes in between them called the Suez Canal. Typically, ships pay a hefty fee to take this shortcut.
Which country bought the shares in 1875 for Suez canal to pay of the debts?
Great Britain.
Who started the Suez Canal project?
The Egyptians orignally created it but then sold it to Britan to pay down debt :)
Why were the british able to purchase the Suez canal from egyptians?
Egypt had too much Debt that it could not pay back
In 1875 Egypt sold its shares of the Suez Canal to pay off debts. Which country bought the shares?
british
Why were British able to purchase the Suez canal from the Egyptians?
Egypt had too much Debt that it could not pay back
Why were the British able to purchase the Suez Canal from the Egyptian?
Egypt had too much Debt that it could not pay back
