Sourcing Journal on MSN4h
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, ...
Suez Canal revenue down 60%, but Red Sea outlook may be changing
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 ...
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 ...
Middle East Eye14h
Suez Canal revenues plunge by 60 percent as Egypt faces economic and political turmoil
Egypt’s Suez Canal has seen its revenues nosedive by more than 60 percent in 2024 compared to the previous year, amounting to ...
TradeWinds15h
Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
Hebdo Ahram1d
Egypt Suez Canal revenues fall by over 60% in 2024 due to Red Sea tensions
Egypt's revenues from the Suez Canal fell by more than 60 percent in 2024 compared to the previous year amid the Red Sea ...
devdiscourse1d
Suez Canal Revenue Dwindles Amidst Regional Challenges
Egyptian President Abdel Fattah al-Sisi announced on Thursday that regional challenges are expected to cost Egypt ...
sis16h
President El-Sisi Meets Chairman of Suez Canal Authority
President Abdel Fattah El-Sisi met with the Chairman and Managing Director of the Suez Canal Authority, Admiral Ossama Rabiee ...
devdiscourse1d
Red Sea Conflict Drains Egypt's Suez Canal Revenue
Regional conflicts in the Red Sea, mainly due to Houthi attacks on ships, have resulted in Egypt losing around $7 billion in Suez Canal revenue for 2024. The attacks forced shipping companies to ...