Egypt, Suez Canal

Regional challenges cost Egypt around $7 billion 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 President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
Egypt completes trial run of new Suez Canal channel extension
Following the 2021 grounding of a container ship that blocked the waterway, Egypt accelerated plans to extend the second channel in the southern reaches of the canal and widen the existing channel
Success Amidst Challenges: Egypt's Suez Canal Expansion
Egypt has tested a new 10 km section near the Suez Canal's southern end, aiming to increase the canal's capacity. Despite this, revenue from the canal has significantly decreased due to attacks by Yemen's Houthi militants on vessels in the Red Sea,
Red Sea attacks cost Egypt $7 billion in Suez Canal revenue
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The post Red Sea attacks cost Egypt $7 billion in Suez Canal revenue appeared first on FreightWaves.
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 President Abdel Fattah al-Sisi said on Thursday.
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 by Yemen's Houthis on ships in the Red Sea, Egyptian President Abdel Fattah El-Sisi said on Thursday.
Hebdo Ahram13h
El-Sisi, Macron discuss Gaza, Syria, Horn of Africa developments in phone call
In addition, President El-Sisi highlighted the close link between the security and stability of the Horn of Africa and ...
Yeni Şafak5h
Egypt follows Ethiopia-Somalia agreement, hopes for stability: President al-Sisi
Egyptian President Abdel Fattah al-Sisi said Saturday that he is “closely” following the agreement reached between Ethiopia ...
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 ...
Middle East Eye3d
Egypt: Sisi fears a popular uprising after the fall of Assad in Syria
Amid an economic downturn and growing hardships for many Egyptians, Sisi has opted for a strategy reliant on fear - ...
Egypt's Al-Sisi:“My Hands Not Stained With Blood, I Have Never Taken What Wasn't Mine”
Egyptian President Abdel Fattah Al-Sisi has declared that he has never been involved in bloodshed or taken anything that did ...
Al-Monitor9d
Turkey’s Erdogan in Egypt, holds first meeting with Sisi after Assad's fall
The Turkish and Egyptian leaders focused on Syrian reconstruction, humanitarian aid to Gaza and strengthening bilateral ...
Middle East Eye4d
Egypt: After Assad's fall, Sisi warns of ‘chaos and destruction’ in propaganda video
Egyptian police have detained Syrians celebrating the end of Assad's rule and imposed visa restrictions on Syrians seeking to ...
Hebdo Ahram1d
Egypt denies imminent official visit to Syria
In a meeting with Jordan's King Abdullah II, El-Sisi stressed the importance of "supporting the Syrian state and preserving ...