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Published 2 months ago

Suez Canal revenue cut by 40-50% due to Huthi attacks: Egyptian president Sisi

  • Revenues from the Suez Canal have dropped by 40 to 50 percent due to attacks by Yemen's Huthi rebels.
  • The attacks on the canal have caused major shipping firms to divert vessels thousands of miles around Africa, impacting global trade.
  • The overall number of ships passing through the Suez Canal has fallen by 42 percent in the past two months, affecting Egypt's foreign currency reserves.
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