Suez Canal suffers significant revenue loss of over 60 percent in the last 7 months: Sisi ...Egypt

EGYPT INDEPENDENT - News
Suez Canal suffers significant revenue loss of over 60 percent in the last 7 months: Sisi
The Suez Canal’s revenue has taken a significant hit over the past seven-eight months, due to Israel’s escalating war in the region and its consequences. President Abdel Fattah al-Sisi announced Sunday that these losses could reach between 50-60 percent of total receipts, potentially amounting to six billion dollars. Earlier in February, Sisi that Suez Canal revenues had fallen by between 40-50 percent due to tensions in the Red Sea as a result of Huthi attacks made in solidarity with Palestine. During the inauguration of Egypt Petroleum Show (EGYPES 2024) on Monday the at Al Manara International Conference Centre in New Cairo, Sisi said at the time that, “The shipping corridor, which used t

Hence then, the article about suez canal suffers significant revenue loss of over 60 percent in the last 7 months sisi was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) 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 suffers significant revenue loss of over 60 percent in the last 7 months: Sisi )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News