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.

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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…

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

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

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

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

TASS [🇷🇺-affiliated]

Government of Russia

Moscow

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

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

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

Anadolu Ajansı

Government of Turkey

Ankara

Turkey

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

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.

Tổng thống Ai Cập Abdel Fattah al-Sisi ước tính kênh đào Suez mất tới 50% doanh thu vì các cuộc tấn công của Houthi nhắm vào tàu liên quan Israel và đồng minh.

Kênh đào Suez mất một nửa doanh thu vì các vụ tấn công của Houthi

TUOI TRE ONLINE

Suez Canal loses half of revenue due to Houthi attacks

The post Egypt president says Houthi shipping attacks cut Suez Canal revenue by 40-50 percent appeared first on All Arab News.

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Egypt president says Houthi shipping attacks cut Suez Canal revenue by 40-50 percent

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Egyptian President Abdel Fattah al-Sisi confirmed on Monday that Suez Canal revenues have 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 “the shipping corridor, which used to generate approximately US$10 billion annually, ha…

Egypt Independent

Al-Masry Media Corporation

Cairo

Cairo Governorate

Egypt

Suez Canal revenues decline up to 50% due to Red Sea tensions: Sisi at EGYPES 2024 - Egypt Independent

In 2024, revenues from the canal almost fell by half. Since the Hamas attack in Israel on October 7, the Houthis have been attacking ships in support of the bombed Palestinians.

En 2024, les revenus provenant du canal ont presque chute de moitie. Depuis l'attaque du Hamas en Israel le 7 octobre dernier, les houthis attaquent des navires en soutien aux Palestiniens bombardes.

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

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