That's led to ocean carriers avoiding the Suez Canal altogether, instead opting for a longer journey around South Africa's Cape of Good Hope. In a December 26 briefing, Egypt President Abdel Fattah al ...

Egyptian President Abdel Fattah al-Sisi said on Thursday that due to "regional challenges", the country had lost approximately $7 billion in Suez Canal revenue in 2024, marking more than a 60% ...

Egypt’s Suez Canal has seen its revenues nosedive by more ... particularly in the wake of Syrian President Bashar al-Assad’s fall. While Abdel Fattah el-Sisi, Egypt’s authoritarian leader ...

CAIRO, Dec 26 (Reuters) - 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's revenues from the Suez Canal fell by more than 60 percent in 2024 compared to the previous year amid the Red Sea tensions, resulting in a loss of nearly $7 billion, a presidential ...

This stood at about $7 bln, in the outgoing year CAIRO, December 27. /TASS/. Egypt lost more than 60% of Suez Canal revenues, which stood at about $7 bln, in the outgoing year, Chairman and ...

CAIRO, Dec. 26 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi said Thursday that the Suez Canal revenues fell more than 60 percent year-on-year in 2024 amid regional challenges, according to ...

Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on shipping and increase the key waterway's capacity. Two ships used the ...

Egyptian President Abdel-Fattah al-Sisi said Thursday that the Suez Canal revenues fell more than 60 percent year-on-year in 2024 amid regional challenges, according to a statement by the Egyptian ...

Egypt is set to inaugurate a new $8.5 billion extension to the Suez Canal. The project is meant to bolster the credibility of Egyptian President Abdel Fattah Al Sisi and, many hope, boost the ...