US EditionEgypt Lost $8 Billion Due to Decrease in Navigation Through Suez Canal
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Economic challenges and regional tensions Change of course: repositioning the Suez Canal as a safe and cost-effective route Relevance of the channel The Suez Canal, a vital maritime artery connecting the Mediterranean with the Red Sea, has launched a 15% refund offer for container ships of 130,000 tons or more. This initiative is part of a group of measures designed to encourage large shipping companies to resume transit through this strategic r…
The nation "is the one who suffered most from threats to safety and navigation in the Red Sea, in the Gulf of Aden and in the Strait of Bab el-Mandeb," Chancellor Badr Abdelatti told the Egyptian television channel 'ON'.
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