Egypt's revenue from the Suez Canal plunged sharply in 2024

Egypt's revenue from the Suez Canal plunged sharply in 2024

Officials say Egypt’s revenue from the Suez Canal plunged by almost two thirds last year, attributing the sharp drop to regional tensions and wars in the Middle East that have impacted traffic through the key waterway.

Egypt says Red Sea security improved, calls for rerouting vessels back to Suez Canal

A main source of foreign currency for Egypt, Suez Canal revenues have sharply plummeted amid Houthi attacks on shipping in Red Sea - Anadolu Ajansı

Sharp Decline in Suez Canal Traffic Reported Amid Regional Instability – The North Africa Post

A significant reduction in maritime traffic through the Suez Canal has been recorded, with figures showing a nearly 50 percent drop in the first quarter of 2025, according to statements made on Wednesday, April 16, by Suez Canal Authority (SCA), Chairman Osama Rabie. The decline has been attributed primarily to ongoing security threats in the […]

Egypt’s revenue from the Suez Canal plunged sharply in 2024 - The Rahnuma Daily

Egypt’s revenue from the Suez Canal plunged sharply in 2024 CAIRO(RAHNUMA): Egypt’s revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have impacted traffic through the key waterway. The canal is a major source of foreign currency for the Egyptian government, with about 10 percent of world trade flowing through the waterway…

Cairo, Apr 17 (Latin Press) Traffic on the Suez Canal fell almost 50 percent in the first quarter of 2025 due to attacks by the Houthi rebels on boats in the Red Sea, revealed today an official Egyptian source. The post Yemeni rebels cause the fall of traffic by Egyptian Suez channel first appeared on News Prensa Latina.

Egypt's PM Delivers Speech at Suez Canal Authority’s Excellence Day Celebration - Top 50 Women Forum

Dr. Mostafa Madbouly, Prime Minister of Egypt, attended the Suez Canal Authority’s Excellence Day celebration, held today  in Ismailia. The event was attended by a number of esteemed ministers, governors, the Chairman of the Suez Canal Authority, the commander of the Second Field Army, the Head of the General Authority for the Economic Zone of the Suez Canal, the European Union Ambassador to Egypt, as well as representatives from several Europea…