Egypt – Suez Canal Re-Opening 1976 (1396 A.H.)
BU Silver Pound 35mm (14.66 grams) 0.720 Silver (0.3472 oz. ASW) Reference: KM# 454 جمهورية مصر العربية ١٠ قروش ١٣٩٢ ١٩٧٢ , Reopening of Suez Canal. ذكرى عاده فتح قناة السويس ٥ يونية ١٩٧٥ , Boat, building and sun.
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The Suez Canal (Arabic: قناة السويس qanāt as-suwēs) is a sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez. Constructed by the Suez Canal Company between 1859 and 1869, it was officially opened on 17 November 1869. The canal offers watercraft a shorter journey between the North Atlantic and northern Indian Oceans via the Mediterranean and Red Seas by avoiding the South Atlantic and southern Indian Oceans, reducing the journey by approximately 6,000 kilometres (3,700 mi). It extends from the northern terminus of Port Said to the southern terminus of Port Tewfik at the city of Suez. Its length is 193.30 km (120.11 mi), including its northern and southern access channels. In 2012, 17,225 vessels traversed the canal (average 47 per day).
The original canal was a single-lane waterway with passing locations in the Ballah Bypass and the Great Bitter Lake. It contains no locks system, with seawater flowing freely through it. In general, the canal north of the Bitter Lakes flows north in winter and south in summer. South of the lakes, the current changes with the tide at Suez.
The canal is owned and maintained by the Suez Canal Authority (SCA) of Egypt. Under the Convention of Constantinople, it may be used “in time of war as in time of peace, by every vessel of commerce or of war, without distinction of flag”.
In August 2014, construction was launched to expand and widen the Ballah Bypass for 35 km (22 mi) to speed the canal’s transit time. The expansion was planned to double the capacity of the Suez Canal from 49 to 97 ships a day. At a cost of $8.4 billion, this project was funded with interest-bearing investment certificates issued exclusively to Egyptian entities and individuals. The “New Suez Canal”, as the expansion was dubbed, was opened with great fanfare in a ceremony on 6 August 2015.
On 24 February 2016, the Suez Canal Authority officially opened the new side channel. This side channel, located at the northern side of the east extension of the Suez Canal, serves the East Terminal for berthing and unberthing vessels from the terminal. As the East Container Terminal is located on the Canal itself, before the construction of the new side channel it was not possible to berth or unberth vessels at the terminal while the convoy was running.
Egypt, officially the Arab Republic of Egypt, is a country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula. Egypt is a Mediterranean country bordered by the Gaza Strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south, and Libya to the west. Across the Gulf of Aqaba lies Jordan, across the Red Sea lies Saudi Arabia, and across the Mediterranean lie Greece, Turkey and Cyprus, although none share a land border with Egypt.
Egypt has one of the longest histories of any country, tracing its heritage back to the 6th-4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, urbanisation, organised religion and central government. Iconic monuments such as the Giza Necropolis and its Great Sphinx, as well the ruins of Memphis, Thebes, Karnak, and the Valley of the Kings, reflect this legacy and remain a significant focus of scientific and popular interest. Egypt’s long and rich cultural heritage is an integral part of its national identity, which has endured, and often assimilated, various foreign influences, including Greek, Persian, Roman, Arab, Ottoman Turkish, and Nubian. Egypt was an early and important centre of Christianity, but was largely Islamised in the seventh century and remains a predominantly Muslim country, albeit with a significant Christian minority.
From the 16th to the beginning of the 20th century, Egypt was ruled by foreign imperial powers: The Ottoman Empire and the British Empire. Modern Egypt dates back to 1922, when it gained nominal independence from the British Empire as a monarchy. However, British military occupation of Egypt continued, and many Egyptians believed that the monarchy was an instrument of British colonialism. Following the 1952 revolution, Egypt expelled British soldiers and bureaucrats and ended British occupation, nationalized the British-held Suez Canal, exiled King Farouk and his family, and declared itself a republic. In 1958 it merged with Syria to form the United Arab Republic, which dissolved in 1961. Throughout the second half of the 20th century, Egypt endured social and religious strife and political instability, fighting several armed conflicts with Israel in 1948, 1956, 1967 and 1973, and occupying the Gaza Strip intermittently until 1967. In 1978, Egypt signed the Camp David Accords, officially withdrawing from the Gaza Strip and recognising Israel. The country continues to face challenges, from political unrest, including the recent 2011 revolution and its aftermath, to terrorism and economic underdevelopment. Egypt’s current government is a presidential republic headed by President Abdel Fattah el-Sisi, which has been described by a number of watchdogs as authoritarian.
Islam is the official religion of Egypt and Arabic is its official language. With over 95 million inhabitants, Egypt is the most populous country in North Africa, the Middle East, and the Arab world, the third-most populous in Africa (after Nigeria and Ethiopia), and the fifteenth-most populous in the world. The great majority of its people live near the banks of the Nile River, an area of about 40,000 square kilometres (15,000 sq mi), where the only arable land is found. The large regions of the Sahara desert, which constitute most of Egypt’s territory, are sparsely inhabited. About half of Egypt’s residents live in urban areas, with most spread across the densely populated centres of greater Cairo, Alexandria and other major cities in the Nile Delta.
The sovereign state of Egypt is a transcontinental country considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide. Egypt’s economy is one of the largest and most diversified in the Middle East, and is projected to become one of the largest in the world in the 21st century. In 2016, Egypt overtook South Africa and became Africa’s second largest economy (after Nigeria). Egypt is a founding member of the United Nations, Non-Aligned Movement, Arab League, African Union, and Organisation of Islamic Cooperation.
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