Earlier in February, Sisi that Suez Canal revenues had fallen by between 40-50 percent due to tensions in the Red Sea as a result of Huthi attacks made in solidarity with Palestine. During the ...

Arab Finance: Egypt has lost $6 billion in Suez Canal revenues over the past seven to eight months due to escalating geopolitical tensions in the region, President Abdel Fattah El-Sisi stated during ...

ISMAILIA, Egypt--The Japanese owner of a skyscraper-sized cargo ship wedged across Egypt’s Suez Canal has apologized for the incident that’s imperiling global shipping. Shoei Kisen apologized ...

causing a significant hit to the amount of income Egypt receives from vessels paying to transit the Suez Canal. The reports also said that Egypt is holding negotiations with both the Houthis and ...

The focal point of this revolutionary initiative is the construction of a 55 km canal, often referred to as Egypt's 'mini Suez Canal', which will channel water from the Mediterranean Sea into the ...

CAIRO, Oct. 6 (Xinhua) -- Revenues of Egypt's Suez Canal dropped by 60 percent and the number of ships passing through the waterway decreased by 49 percent since the beginning of 2024, an Egyptian ...

Takes 2 mins. The stark rise stems from worsening trade imbalances and a sharp decline in Suez Canal revenue, further straining Egypt’s economic landscape. As the country navigates these ...

Egypt’s president said on Sunday its revenues from the Suez Canal have dropped by 60%, or more than $6 billion, in recent months as attacks by Yemen’s Houthis disrupt Red Sea shipping.