Revenues of Egypt’s Suez Canal dropped by 60 percent and the number of ships passing through the waterway decreased by 49 percent since the beginning of 2024, an Egyptian official said. The Suez Canal Authority (SCA) Chairman Osama Rabie said in a statement that “the current situation and unprecedented challenges in the Red Sea region” … Continue reading Revenues of Egypt’s Suez Canal down 60 pct since beginning of 2024