Suez Crisis

[dexter]

In 1956, an international crisis over control of the Suez Canal put Britain and France into direct conflict with President Nasser of Egypt, a proud Arab nationalist determined to stand up to foreign powers meddling in Egyptian affairs.

 

[AZADPAKISTAN2009]

One of those projects changed sea travel drastically

 

[A.P. Richelieu]

In 1956, an international crisis over control of the Suez Canal put Britain and France into direct conflict with President Nasser of Egypt, a proud Arab nationalist determined to stand up to foreign powers meddling in Egyptian affairs.

When the Suez Canal was built, the company building it got a concession to get the income from the Canal for 99 years after its opening in 1869.
Egypt got a substantial share of the company. France got the majority.
The Egyptian shares was sold to Great Britain later.
The company should have run the channel operations until 1968.
The ”proud Arab nationalist” should therefore have waited until that date.
Then he would not have been guilty of grand theft.

 

[dexter]

When the Suez Canal was built, the company building it got a concession to get the income from the Canal for 99 years after its opening in 1869.
Egypt got a substantial share of the company. France got the majority.
The Egyptian shares was sold to Great Britain later.
The company should have run the channel operations until 1968.
The ”proud Arab nationalist” should therefore have waited until that date.
Then he would not have been guilty of grand theft.

The canal was built by paying price of thousands precious Egyptian lives and this reason alone gives them every right to take it back.
Due you really think if it would have remained in British hands until 1968 they would just simply hand it over to Egypt?

 

[A.P. Richelieu]

The canal was built by paying price of thousands precious Egyptian lives and this reason alone gives them every right to take it back.
Due you really think if it would have remained in British hands until 1968 they would just simply hand it over to Egypt?

Egypt got shares in the company as compensation.
They also legally get all income of the canal after 1968.
They would have gotten zilch without the French initiative.
At the moment, the Suez Canal contributes about 5B$ per year.
That is way more than the value Egypt contributed when the Canal was built,

There was a similar deal on Hong-Kong which was handed over without discussion when
the lease expired, so there is no indication that they would not hand it over once the concession ended.
We will never know because of the crimes of Nasser.

 

[dexter]

In 1956, an international crisis over control of the Suez Canal put Britain and France into direct conflict with President Nasser of Egypt, a proud Arab nationalist determined to stand up to foreign powers meddling in Egyptian affairs. Part 2 explores how Britain, France and Israel cooked up a secret plan to invade Egypt, overthrow Nasser and reassert their standing as global powers. But when the international community, and in particular the United States, condemned their actions, the aggressors were forced into a humiliating climbdown. The repercussions for the Middle East and global history were long-lasting and profound.

 

[Gomig-21]

The ”proud Arab nationalist” should therefore have waited until that date.
Then he would not have been guilty of grand theft.

Oh my goodness. Under the agreement, Nasser had every right to buy back the company's shares for fair rates and that's what he offered. The British saw that as losing their grip on free navigational access and the loss of vital control of one of the most economic and strategic passageways in the world that BTW, was in the middle of Egyptian land.

The problem is people only look at it from one point of view. What happened next is what was criminal, not Nasser's actions. The British then conspired with the Israelis and allowed them to invade the Sinai, unabated, and under false pretenses that there were Fedayeen bases in the Sinai from which attacks against Israel were being launched and the Israelis blatantly lied about that to the UN in front of the entire world, only later to be exposed by the US that there were no such things. That's even described in the video that @dexter posted.

Then after the Israeli "criminal" invasion, the British had the audacity to lay an ultimatum to both warring parties to withdraw 10 miles from each side of the canal! So basically they were telling the Israelis to move back 10 miles east of the canal (but keep the rest of the Sinai) and us Egyptians to withdraw 10 miles into Egypt proper! loooooooool. Of course Nasser refused and who wouldn't? And you call him a thief? Really?

They would have gotten zilch without the French initiative.
At the moment, the Suez Canal contributes about 5B$ per year.
That is way more than the value Egypt contributed when the Canal was built,

It's supposed to be around $11 billion per year which is what it was prior to the 2011 revolution and what it's projected to be at within a few years. It's called inflation and BTW, what does that have to do with anything? This is Egyptian land, not British, not French not anyone else's. This is 2018 lol. I'd love to hear what you're implying.

We will never know because of the crimes of Nasser.

That's ridiculous. I think it's pretty clear who the criminals were.

 

[SecularNationalist]

It,s always the west meddling up in middle east affairs and now they don,t want middles eastern immigrants in their countries.Irony.

 

[Green Arrow]

Gomaal Abdul Nasser was one hell of the leader during that time.

 

[Gomig-21]

Gomaal Abdul Nasser was one hell of the leader during that time.

"Gomaa" is Egyptian colloquial Arabic for "Jumaa" جمعة which of course is Friday and a very common last name in Egypt. I like how you combined that with Nasser's first name, Gamal.

His greatness was that he really wanted to make Egypt independent and free from any outside influences. This made him very popular and beloved to the point that after the devastation of 1967, he wanted to resign and the Egyptian people wouldn't allow him to do that. Despite being largely responsible for allowing that war and its shameful result to take place, they still forgave him for it along with other critical mistakes he made, including his misguided involvement in Yemen. He picked the wrong side to support in that war but it was based on his (arguably) selfish interests of creating an Arab Republic, even though one can argue that the war in Yemen ended up in a stalemate, it still ended up costing Egypt a lot, in money and lives and money.