U.A.R.: Success at Suez

Two years after that wild day when the Egyptians sank 40 ships to plug the Suez Canal, the world's No. 1 international waterway hummed last week with peaceful trade, and a golden flood of hard-currency tolls poured into President Nasser's United Arab Republic treasury.

Some of the hulks dredged up by U.N. salvagers and dumped in the shallows still jut from corners of Port Said harbor; a few weatherworn propaganda posters still flap from the city's walls, and the scarred stump of the statue of Canal Builder Ferdinand de Lesseps, torn down by mobs celebrating the departure of the last...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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