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 ...

Attacks by the Iran-backed Houthi rebels have continued to significantly impact commercial shipping through the Suez Canal.

Despite becoming the mouthpiece for the Trump administration’s unprecedented hostility towards their European allies, ...

Egypt’s Suez Canal revenue fell nearly two-thirds in 2024 due to rising regional tensions and conflicts that disrupted vital maritime traffic.

Suez Canal Authority (SCA) Chairman Osama Rabie announced Wednesday that the number of ships passing through the Suez Canal during the first quarter of 2025 decreased by nearly 50 percent.

2018 Suez Canal Company for Technology Settling 0.50 4.72 EGP 2017 Suez Canal Company for Technology Settling 0.47 3.67 EGP 2016 Suez Canal Company for Technology Settling 0.00 0.00 EGP 2015 Suez ...

The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $3.991 billion in 2024, down from a historic high of $10.25 billion in 2023, according to a ...

CAIRO (AP) — 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 ...

CAIRO (AP) — 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 ...