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Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, ...
TASS2d
Egypt lost more than 60% of Suez Canal revenues in 2024 — administration
CAIRO, December 27. /TASS/. Egypt lost more than 60% of Suez Canal revenues, which stood at about $7 bln, in the outgoing year, Chairman and Managing Director of the Suez Canal Authority Osama Rabie ...
Supply Chain2d
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
The Suez Canal is a vital source of foreign exchange for the $380 billion Egyptian economy, whose currency slid to a record ...