Bankrupt Egypt hit hard by Israel-Houthi war, earning from Suez Canal falls by..., president Sisi faces danger like...
As a result of this armed conflict, Egypt has suffered a huge financial loss as its earnings from the Suez Canal have fallen by 60 percent. The loss is gauged at around $ 7 billion to Egypt. Currently ...
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, ...
Red Sea attacks cost Egypt $7 billion in Suez Canal revenue
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...
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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 ...