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 ...
Regional challenges cost Egypt around $7 bln of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian ...
Hebdo Ahram2d
Suez Canal revenues plummet to $4 bln in 2024 amid Red Sea tensions: SCA chairman
Egypt's Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 (a 60.7 percent loss) due to the ...
Swarajya2d
Extended Suez Canal Section To Support Global Trade Amid Challenges
Egypt has successfully tested a newly constructed 10-kilometre extension of the Suez Canal. The initiative aims to reduce the ...
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue ...
Sourcing Journal on MSN4d
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, ...
Dawn1d
Egypt tests new extension of the Suez Canal
President says due to “regional challenges”, country lost approximately $7 billion in Suez Canal revenue, 60pc less than 2023 ...
Zawya1d
Egypt: Suez Canal Bank unveils issued-capital hike to $127.8mln
The lender is set to raise its capital by EGP 1.50 billion financed from the shareholders' share in the distribution of profits for the year that ended on December 31st 2023 ...