Egypt News » Suez News Egypt » Suez » Commerce: Egypt's revenue from the Suez Canal plunged sharply in 2024
Add Yahoo as a preferred source to see more of our stories on Google. Egyptian dredging ship, Mashhour, sails at the Suez Canal in Ismailia, Egypt, Wednesday, April 16, 2025. (AP Photo/Amr Nabil) ...
News Egypt » Suez » Commerce: Houthi attacks idle Suez Canal, deepen Egypt's economic woes
Egypt took in some $9.4 billion in Suez Canal transit fees during the last fiscal year — Ahmed HASAN Attacks by Yemen's Houthi rebels in the Red Sea have caused shipping companies to avoid the Suez ...
News Egypt » Suez » Commerce: Abdel Fattah El-Sisi’s radical gambit to remake Egypt
For 5,000 years, Egypt was a river civilization. Under Abdel-Fattah Sisi, it is turning toward the Mediterranean Sea.
News Egypt » Suez » Commerce: Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
(Bloomberg) -- Egypt is "cautiously optimistic" a ceasefire between Israel and Hamas will eventually translate into a recovery in Suez Canal revenue, which fell at least 60% due to the war, the ...
News Egypt » Suez » Commerce: Egypt: Houthi attacks cut Suez Canal revenue by half
The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis. Since November, the Iran-backed Houthis have launched numerous attacks on vessels in ...
News Egypt » Suez » Commerce: Egypt’s Suez Canal Revenue Plummeted by Almost Half in January
Suez Canal traffic dropped precipitously in January, nearly halving Egypt’s revenue from waterway fees as Houthi rebels continue to attack transport vessels. Egypt took in just $428 million last month ...
News Egypt » Suez » Commerce: Two tankers collided in Egypt’s Suez Canal, briefly disrupting traffic in the vital waterway
CAIRO — Two tankers carrying oil products and liquefied natural gas collided in a single-lane stretch of the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities ...
News Egypt » Suez » Commerce: When the world’s arteries close: From Suez’s 8-year shutdown to the shadow blockade of Hormuz
What happened when the Suez Canal was blocked — and why it matters now An overview of the Suez Canal at Port Said showing a number of the blocking ships sunk to prevent use of the canal during the ...