Egypt, Suez Canal and Red Sea

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,
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 figures emerged following a meeting on Thursday between Egyptian president Abdel Fattah El-Sisi and the chairman and managing director of the Suez Canal Authority, Admiral Ossama Rabiee.
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 this year, the country’s presidency said in a statement Thursday.
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.
Middle East Eye2d
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, Norway: Uniting Gaza, West Bank Urgent
Egypt and Norway stressed on Friday the importance of uniting the Gaza Strip and the West <a target=_blank href=https ...
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Irish mum is spending Christmas Day in Egypt hoping to see abducted sons soon
Mandy Kelly has been promised by the President of Egypt, Abdel Fatteh El-Sisi that she will be reunited with her sons ...
Middle East Eye3d
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 ...
Al-Sisi Urges Continued Efforts To Modernize Egypt's Education System
Egyptian President Abdel Fattah Al-Sisi has emphasized the importance of ongoing reforms to modernize the country's ...
Cleveland Jewish News13h
Egypt battles online campaign aimed at stirring unrest
Cairo, wary of the impact of the Syrian regime's collapse, is fighting what it says are subversive elements sharing archival protest videos via social media.
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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 ...
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El-Sisi reiterates Egypt rejection of any scenarios aimed at liquidating Palestinian cause at D-8 Summit’s special session
During the special session to discuss the situation in Palestine and Lebanon on the sidelines of the 11th Developing Eight ...