The Republic of Egypt confirmed on Thursday, July 18, 2024, a 23.5% decline in Suez Canal revenue during the past fiscal year ending in June, reaching $7.2 billion. This downturn is attributed to the ongoing crisis of attacks by the Houthi group, internationally classified as a terrorist organizat...
The Suez Canal Authority announced a significant drop in revenue for the 2023-2024 fiscal year, losing approximately $2.1 billion due to Houthi attacks in the Red Sea. Egyptian media reported on Tuesday, July 16, 2024, that the canal's revenue fell by 23%, reaching a total of $7.223 billion...
Egypt has reiterated its strong support for Yemen's unity, independence, and territorial integrity, emphasizing the country's crucial role in Egyptian national security and the stability of the Arab region and the Red Sea. This reaffirmation came in a statement from the Egyptian Ministr...