Shafaq News/ On Sunday, Egyptian Minister of Planning and Economic Development Hala El-Said revealed that the Suez Canal's revenues have experienced a 50% decline.Speaking during a panel meeting at the World Economic Forum in Saudi Arabia, the minister attributed this decrease to disruptions in shipping caused by events in the Red Sea.Earlier in February, Egyptian President Abdel Fattah El-Sisi had mentioned that the revenues of the Suez Canal, a vital global maritime route, had fallen "between 40 and 50%" due to incidents in the Red Sea.This decline occurred amid heightened tensions in the southern Red Sea, mainly due to Ansarallah (Houthis) activities targeting passing vessels following th
Hence then, the article about suez canal revenue plummets by 50 with red sea disruptions was published today ( ) and is available onSHAFAQ NEWS ( Iraq ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Suez Canal revenue plummets by 50% with Red Sea disruptions )