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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, ...
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 ...
Middle East Eye1d
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 ...
Yahoo25d
Cargo ship sinking off Egypt’s Red Sea coast
CAIRO (Reuters) - Egyptian authorities are scrambling to salvage the VSG Glory, a cargo ship that began sinking on Monday near the coral reefs off Quseir in the Red Sea Governorate after being ...
Reuters26d
Cargo ship sinking off Egypt’s Red Sea coast
CAIRO, Dec 2 (Reuters) - Egyptian authorities are scrambling to salvage the VSG Glory, a cargo ship that began sinking on Monday near the coral reefs off Quseir in the Red Sea Governorate after being ...