SUEZ: Wide, Deep & Exclusive

A statue of Pharaoh Sesostris III will soon stand at the Mediterranean entrance to the Suez Canal replacing the giant bronze figure of famed French Canal Builder Ferdinand de Lesseps. Then the Egyptianizing of the canal will be complete. Already, under the new Egyptian management, the Suez Canal handled a record volume of traffic in 1959 without incident. The canal has become the United Arab Republic's most profitable operation, earning more than $100 million last year. Last week, obviously impressed by President Nasser's plans for increasing the international usefulness of the great...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!