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250:, restarted the venture in May 1863 in the hopes of creating a merchant marine for the modernizing Egyptian nation. After falling into debt, Ismail used the company as leverage to try to gain control of and merge with the Egyptian Commercial and Trading Company, a European trading firm based in Egypt, in order to become a player in European financial markets. The venture was unsuccessful, and the merger never appeared.
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The company once again changed its name to the
Pharonic Mail Line in 1936, and was finally nationalized by the Egyptian government in 1961 into the
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Landes, David (1958). Bankers and Pashas: International
Finance and Economic Imperialism in Egypt. Cambridge: Harvard University Press. p. 194
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Landes, David (1958). Bankers and Pashas: International
Finance and Economic Imperialism in Egypt. Cambridge: Harvard University Press. p. 149
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Landes, David (1958). Bankers and Pashas: International
Finance and Economic Imperialism in Egypt. Cambridge: Harvard University Press. p. 84
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The company was a successor to the
Medjidieh, a steamship company that operated in the Red Sea and the Mediterranean, created by
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The company was renamed in 1898 as the
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the
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