Sourcing Journal on MSN16h
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues SinkIn November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, ...
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian ...
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue ...
As a result of this armed conflict, Egypt has suffered a huge financial loss as its earnings from the Suez Canal have fallen ...
Egypt's revenues from the Suez Canal fell by more than 60 percent in 2024 compared to the previous year amid the Red Sea ...
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
Egyptian President Abdel Fattah al-Sisi announced on Thursday that regional challenges are expected to cost Egypt ...
Regional conflicts in the Red Sea, mainly due to Houthi attacks on ships, have resulted in Egypt losing around $7 billion in Suez Canal revenue for 2024. The attacks forced shipping companies to ...
The Suez Canal Economic Zone (SCZONE) has attracted $64bn in green hydrogen investments through 12 framework agreements, ...
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