Egypt News » Suez News Egypt » Suez » Life: 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 » Life: 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 » Life: 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 » Life: 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 » Life: How Egypt is reviving the Suez Canal after maritime attacks sank traffic
ISMAILIA, Egypt — The men in the canal’s control room had their eyes glued to radar screens, monitoring the progress of the precious yellow icons. Down below, on the bank of the Suez Canal, the ...
News Egypt » Suez » Life: Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks
The Suez Canal’s revenue has fallen by up to 50% this year due to attacks by Yemen’s Houthi rebels, Egyptian President Abdel Fattah al-Sisi said on Monday, the latest indication that the turmoil in ...
News Egypt » Suez » Life: Suez Canal traffic jumps nearly 30% as Strait of Hormuz disruption pushes more oil shipments through Egypt
Egypt's Suez Canal is experiencing an unexpected revival as disruptions in the Strait of Hormuz push more energy shipments toward the Red Sea route, providing a much-needed boost to one of the country ...
News Egypt » Suez » Life: Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown
The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative ...
News Egypt » Suez » Life: Minister Says Egypt Cautiously Optimistic Suez Canal Traffic Will Revive
A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades. Image by EyeEm Mobile GmbH via iStock Egypt is “cautiously ...