Traffic through Suez Canal has slowed, driving the cost of goods up, and impacting the two countries’ economies.

A ship sails on the Gulf of Suez, Egypt, on Oct. 8, 2024. Revenues of Egypt's Suez Canal dropped by 60 percent and the number of ships passing through the waterway decreased by 49 percent since the ...

Egypt’s current account deficit surged dramatically in the 2023/24 fiscal year, ballooning from $4.7 billion to $20.8 billion ...

Egypt has lost $6 billion in Suez Canal revenue due to escalating geopolitical tensions in the region, President Abdel Fattah ...

Egyptian President Abdel Fattah Al-Sisi announced on Sunday that revenue from the Suez Canal has decreased by 50-60 percent ...

Arab Finance: Egypt has lost $6 billion in Suez Canal revenues over the past seven to eight months due to escalating ...

The Ministry of Planning, Economic Development, and International Cooperation announced that investments directed towards ...

Egypt’s president said on Sunday its revenues from the Suez Canal have dropped by 60%, or more than $6 billion, in recent ...

On Sunday, Leader Abdel Fattah al-Sisi stated that Egypt has lost around USD6 billion in Suez Canal income because of ...

Earlier in February, Sisi that Suez Canal revenues had fallen by between 40-50 percent due to tensions in the Red Sea as a result of Huthi attacks made in solidarity with Palestine. During the ...

Revenues from Egypt's Suez Canal have fallen by 60%, and ship traffic has decreased by 49% since the start of 2024, according ...

Revenues from Egypt's Suez Canal dropped by 60 percent, and the number of ships passing through the waterway decreased by ...