Suez Canal Company Suez Canal Company The Universal Maritime Suez Canal Company (, or simply "Compagnie de Suez" for short) was the corporation that constructed the Suez Canal between 1859 and 1869 and operated it until the 1956 Suez Crisis. It was formed by Ferdinand de Lesseps in 1858, and it owned and operated the canal for many years thereafter. Initially, French private investors were the majority of the shareholders, with Egypt also having a significant stake. When Isma'il Pasha became Wāli of Egypt and Sudan in 1863, he refused to adhere to portions of the concessions to the Canal company made by
Suez Crisis believed the USSR was prepared to launch a nuclear attack on Britain, France, and Israel for the sake of Egypt. Though Nasser in private admitted that it was American economic pressure that had saved him, it was Khrushchev, not Eisenhower, whom Nasser publicly thanked as Egypt's saviour and special friend. Khrushchev later boasted in his memoirs: Khrushchev took the view that the Suez crisis had been a great triumph for Soviet nuclear brinksmanship, arguing publicly and privately that his threat to use nuclear weapons was what had saved Egypt. Khrushchev claimed in his memoirs: The conclusion that Khrushchev drew from