Article: Suez Canal running smoothly under Egypt

ISMAILIYA, Egypt (AP) Col. Mahmoud Younis, leader of 30 men who had just changed the world's political map, spent the night of July 26, 1956, asleep in his underwear on the floor of his new office.

As he slept, politicians and generals abroad huddled to assess what many of them deemed an outrage.

On the order of President Gamal Abdel Nasser, Younis and his team had carried out Egypt's nationalization of the Suez Canal, wresting control from the British and French.

For the first time since it was built (1859-69) by the French engineer Ferdinand de Lesseps, the 100-mile waterway was now wholly in the hands of Egypt.

Britain became the largest shareholder in the canal in 1875, ...

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