The ancient Egypt is recognized all over the world for the famous monuments such as the Giza pyramid complex and Great Sphinx. Numerous ancient ruins in Memphis, Thebes, Karnak and the Valley of the Kings are a significant focus of archaeological study even today. The same area was a location of Suez Canal crisis that place took from the 29 of October to the 6 of November of 1956.
A conflict between Great Britain, France, Israel and Egypt determined the future of the world oil transport and brought the end of colonial era. Geographically, Egypt is located mainly in North Africa with strong connections to Europe through the Mediterranean and Asia through the Sinai Peninsula. The population of 80 million people combined with land area of 390,000 square miles makes the country a major power in Africa.
Diversity of landscape is great, reaching from the arable plains near the Nile River to the uninhabited Sahara desert. About half of Egypt's residents live in urban areas, mostly big cities of Cairo and Alexandria in the Nile Delta.
The national economy of Egypt is one of the most diversified in the Middle East. Strongest sectors are tourism, agriculture, industry and service, which all have almost equal production levels. Famous ancient ruins and historical legacy are the main reason why the tourism industry and the Red Sea Riviera employ about 12% of Egypt's workforce. The Suez Canal links the Mediterranean and Red sea, remaining a strategic point of movement of the world's oil supply even today.
The Suez Canal is considered to be the shortest link between the east and the west due to its unique geographic location. The international navigation canal importance increased with the development of maritime transport and better connections in world trade. Since the maritime transport is the cheapest means of transport, more than 80 % of the entire global trade volume is transported through seaborne trade.
Ancient civilizations devised a means of connecting the Nile River to the Red Sea, but it was only in modern times when Ferdinand de Lesseps developed a workable design for the 101 mile long canal. His creation proved highly beneficial and influential for Egypt, in fact, it became a key strategic point thus making the question of control over the Suez Canal the center of an international crisis.