Egypt is experiencing a deep economic crisis. The country's foreign currency ... a primary source of foreign currency along with Suez Canal tolls and remittances from Egyptians working abroad ...
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its ...
Egypt’s Suez Canal has seen its revenues nosedive ... which is already reeling under a worsening economic crisis. Inflation is soaring, the currency is in freefall, and millions of Egyptians ...
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue in 2024, the country’s presidency said in a statement December 26. Revenue ...
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy. According to a statement from Egypt’s presidential ...
CAIRO, Dec 26 (Reuters) - Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday.
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy ... by the Red Sea crisis into the fourth quarter.
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