Published 5 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.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

NDTV

Houthi Attacks Cut Suez Canal Revenue By 40-50%: Egypt President

Egyptian President Abdel Fattah al-Sisi said Monday that revenues from the Suez Canal had "decreased by 40 to 50 percent" so far this year due to attacks on shipping by Yemen's Huthi rebels. The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis. Since November, the Iran-backed Huthis have launched numerous attacks on vessels in the Gulf of Aden and Red Sea, which the group says are aimed…

5 months ago·New Delhi, India

Read Full Article

Hindustan Times

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

The canal is one of Egypt's main sources of foreign currency, with Cairo gripped by a severe financial crisis.

5 months ago·New Delhi, India

Read Full Article

TASS [🇷🇺-affiliated]

Suez Canal revenues down nearly 50% due to crisis in Red Sea — Egyptian president

Egypt’s revenues from the Suez Canal exceeded $10 bln last year

5 months ago·Moscow, Russian Federation

Read Full Article

Arab News

Houthi attacks cut Suez Canal revenue by 40-50%: Egyptian President

CAIRO: Egyptian President Abdel Fattah El-Sisi has said that revenues from the Suez Canal have “decreased by 40 to 50 percent” so far this year due to attacks on shipping by Yemen’s Houthi rebels, according to Agence France Presse. The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis. Since November, the Iran-backed

5 months ago·Riyadh, Saudi Arabia

Read Full Article

Anadolu Ajansı

Egypt says Suez Canal revenues down 40-50% amid Red Sea tension

Suez Canal, shortest shipping route between Europe and Asia, is main source of foreign currency for Egypt - Anadolu Ajansı

5 months ago

Read Full Article

TUOI TRE ONLINE

Suez Canal loses half of revenue due to Houthi attacks

Egyptian President Abdel Fattah al-Sisi estimated the Suez Canal lost up to 50 percent of its revenue because of Houthi attacks targeting ships involving Israel and allies.

5 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year