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 ...
Egypt Independent2h
US dollar exchange rate in Egypt remains stable on Saturday
The US dollar exchange rate remained stable in the National Bank of Egypt (NBE) at LE50.82 for buying and LE50.92 for selling ...
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 ...
TradeWinds1d
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 ...
The National on MSN1d
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 ...
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 ...
devdiscourse2d
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 ...
devdiscourse2d
Suez Canal Revenue Dwindles Amidst Regional Challenges
Egyptian President Abdel Fattah al-Sisi announced on Thursday that regional challenges are expected to cost Egypt ...
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 ...
IMF grants Egypt initial approval of $1.2 bln fourth review
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended ...