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Red Sea Crisis Costs Egypt $7 Billion in 2024
Regional challenges cost Egypt around $7 billion 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 President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
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, says Project44.
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
Egypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks by Yemen's Houthis on ships in the Red Sea, Egyptian President Abdel Fattah El-Sisi said on Thursday.
Egypt completes trial run of new Suez Canal channel extension
Egyptian President Abdel Fattah al-Sisi said that the country had lost approximately $7 billion dollars in 2024.
4h
on MSN
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 ...
sis
5h
PM: Sisi always directs to upgrade spinning, weaving industry
Prime Minister Mostafa Madbouli has stressed that President Abdel Fattah El Sisi always directs to develop spinning and ...
Hebdo Ahram
18h
Egypt denies imminent official visit to Syria
In a meeting with Jordan's King Abdullah II, El-
Sisi
stressed the importance of "supporting the Syrian state and preserving ...
Middle East Eye
4d
Egypt: After Assad's fall, Sisi warns of ‘chaos and destruction’ in propaganda video
Egyptian police have detained Syrians celebrating the end of Assad's rule and imposed visa restrictions on Syrians seeking to ...
sis
9h
Upon President Sisi's directives, FM meets with Gabon's president in Libreville
Upon President Abdel Fattah El Sisi's directives, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr ...
Mena FN
9h
Egypt Keen On Developing Textile Industry -- PM
Madbouli pointed out that President Abdel Fattah El-
Sisi
gives great attention to the textile sector, with ongoing directives to continue development and modernization of this important sector, ...
Middle East Eye
3d
Egypt: Sisi fears a popular uprising after the fall of Assad in Syria
Amid an economic downturn and growing hardships for many Egyptians, Sisi has opted for a strategy reliant on fear - ...
2d
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 ...
12d
Egypt's Al-Sisi:“My Hands Not Stained With Blood, I Have Never Taken What Wasn't Mine”
Egyptian President Abdel Fattah Al-Sisi has declared that he has never been involved in bloodshed or taken anything that did ...
wam.ae
16h
Zayed Charity Run attracts 50,000 participants to support cancer patients in Egypt
The ninth edition of the Zayed Charity Run commenced this morning in Egypt's New Administrative Capital under the patronage ...
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