Egypt Loses $10bn in Suez Canal Revenue because of Attacks in Bab Al-Mandab Strait – The North Africa Post

Egypt incurs $10B in Suez Canal losses over Gaza war, president says

Abdel Fattah al-Sisi says attacks on ships in Bab al-Mandab reduced traffic heading to Suez Canal

Egypt Loses $10bn in Suez Canal Revenue because of Attacks in Bab al-Mandab Strait – The North Africa Post

Egypt has lost $10 billion in revenues from the Suez Canal due to ongoing attacks on shipping in the Bab al-Mandab Strait, President Abdel Fattah el-Sisi said on Monday, May 4, during a meeting in Cairo with Mathias Cormann, 6th Secretary-General of OECD. The attacks, which began in November 2023, have significantly reduced vessel traffic […]